JR West announced on the 1st that it will raise up to 278.6 billion yen through a public offering to raise funds from the market by issuing new shares.
While the final deficit is expected for the second consecutive term due to the impact of the new coronavirus, we would like to rebuild our financial base by increasing capital and strengthen profitability by investing in digitalization.
JR West announced on the 1st that it will raise up to 278.6 billion yen by the end of this month through methods such as public offering.
This will be a large-scale capital increase equivalent to nearly 30% of the current number of issued shares.
The funds to be raised will be 100 billion yen for debt repayment, 70 billion yen for capital investment for redevelopment of the western area of Osaka Station, and 10 billion yen for investment in digital technology to improve convenience. is.
At a press conference, President Kazuaki Hasegawa said, "In preparation for the next risk such as a disaster after the infection has subsided, it is necessary to recover the financial base at an early stage and at the same time invest in growth for post-corona." Said.
With the infection spreading again and the final deficit expected for the second consecutive term, the company hopes to rebuild its financial base with this capital increase and strengthen its profitability by investing in digitalization.