Pioneer 2013 Annual Report Download - page 55

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a. Capital/business alliance with NTT DOCOMO,
INC. and issuance of new shares through third-
party allotment
The Company resolved, at the Board of Directors’
meeting held on May 13, 2013 to enter into an invest-
ment agreement for a capital alliance with and to issue
new shares through a third-party allotment to NTT DO-
COMO, INC. with the aim to build the business alliance
smoothly with respect to the business related to cloud
information services for automobile users.
(1) Number of shares to be newly issued:
25,773,100 shares of common stock
(2) Issue price: ¥194 per share ($2.06)
(3) Total amount issued:
¥4,999,981,400 ($53,191 thousand)
(4) Issue price to be transferred to capital:
¥97 per share ($1.03)
(5) Total issue amount to be transferred to capital:
¥2,499,990,700 ($26,596 thousand)
(6) Payment date: June 28, 2013
(7) Allottee: NTT DOCOMO, INC.
(8) Purposes:
The Company expects to use the fund for (1) the
investment to strengthen technology in respect of
the service engine, the contents, and collection and
utilization of the probe information (vehicle tracking
data), in the cloud infrastructure, which provides
services in connection with Intelligent Transport
Systems, (2) investment relating to external sales
using the cloud infrastructure; and (3) investment in
connection with the expansion of existing business
utilizing the cloud infrastructure.
b. Strengthening capital/business alliance with
Mitsubishi Electric Corporation and issuance of
new shares through third-party allotment
The Company resolved, at the Board of Directors’
meeting held on May 13, 2013 to enter into an in-
vestment agreement for a capital alliance with and to
issue new shares through a third-party allotment to
Mitsubishi Electric Corporation with the aim to further
strengthen the alliance with Mitsubishi Electric Corpo-
ration with respect to the development of platforms for
car navigation systems.
(1) Number of shares to be newly issued:
20,356,500 shares of common stock
(2) Issue price: ¥194 per share ($2.06)
(3) Total amount issued:
¥3,949,161,000 ($42,012 thousand)
(4) Issue price to be transferred to capital:
¥97 per share ($1.03)
(5) Total issue amount to be transferred to capital:
¥1,974,580,500 ($21,006 thousand)
(6) Payment date: June 28, 2013
(7) Allottee: Mitsubishi Electric Corporation
(8) Purposes:
The company expects to use the fund for the joint
development, etc. with Mitsubishi Electric Corpora-
tion of the hardware and software platforms for next
generation of car navigation systems.
20. Subsequent Events
Pioneer Corporation Annual Report 2013
53