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Production I.G. To List On JASDAQ Date: 11/16/2005 |
| Production I.G. Inc. (3791.JA), a Japanese animation producer, has received approval to list on the Jasdaq Securities Exchange on Dec. 21, the JSE said Wednesday. The company will offer 2,500 shares to the public in its initial public offering. Of those, 1,400 are newly issued shares and 1,100 are shares currently held in private. The company will conduct a book-building for the IPO shares from Dec. 2 to Dec. 8. The offering price will be announced Dec. 9. Mizuho Investors Securities is the lead underwriter of the offer. The company will offer all the shares through the book-building method. Under that method, the underwriter gauges the degree of demand for the shares among institutional investors by accepting orders from fund managers, who indicate the number of shares desired and the price they are willing to pay. The tentative price range will be announced Nov. 30. The company expects to net Y675 million from the IPO. Of the IPO proceeds, it plans to use for investment in plant and equipment and payment of debt. For the current fiscal year through May 31, 2006, the company forecasts a group pretax profit of Y506 million, net profit of Y305 million, revenue of Y5.85 billion, an earnings per share of Y21,975.46. Last fiscal year, the company posted a group pretax profit of Y447 million, net profit of Y282 million, revenue of Y5.68 billion, an earnings per share of Y22,386.86. |
| Source: Anime News Service |
