Nippon Rietec Sets Pricing for Multi-Billion Yen Secondary Share Offering

An update from NIPPON RIETEC CO., LTD. ( (JP:1938) ) is now available.

Nippon Rietec has set the terms for a secondary offering of its common stock, following a February 20, 2026 board resolution, establishing a selling price of 2,934 yen per share for shares to be purchased and underwritten by securities firms. Underwriters will acquire the shares at 2,782.75 yen per share, with the total selling amount reaching approximately 4.39 billion yen and delivery scheduled for March 10, 2026.

In addition, the company approved a secondary offering by way of over-allotment of 224,200 shares at the same selling price of 2,934 yen per share, for a further total selling amount of about 657.8 million yen, also settling on March 10, 2026. The transactions are expected to enhance the liquidity of Nippon Rietec’s shares and potentially broaden its investor base, although they do not involve a new issuance of stock and therefore do not directly raise fresh capital for the company.

The most recent analyst rating on (JP:1938) stock is a Hold with a Yen3504.00 price target. To see the full list of analyst forecasts on NIPPON RIETEC CO., LTD. stock, see the JP:1938 Stock Forecast page.

More about NIPPON RIETEC CO., LTD.

Nippon Rietec Co., Ltd. is a Japan-based company listed on the Tokyo Stock Exchange Prime Market under securities code 1938. The company operates in the construction and engineering-related sector, providing infrastructure and related technical services to domestic clients, and is led by Representative Director and President Executive Officer Kimito Kubo.

Average Trading Volume: 65,550

Technical Sentiment Signal: Buy

Current Market Cap: Yen79.23B

Learn more about 1938 stock on TipRanks’ Stock Analysis page.