TRANSLATION - FOR REFERENCE ONLY -
April 16, 2024
KOKUSAI ELECTRIC CORPORATION
KOKUSAI ELECTRIC CORPORATION (President and Chief Executive Officer: Fumiyuki Kanai, Head Office: Chiyoda-ku, Tokyo, Japan) is proud to announce that it has earned the "IPO of the Year" in the DEALWATCH AWARDS 2023 hosted by DealWatch of the London Stock Exchange Group (LSEG).
The DEALWATCH AWARDS were established in 1995 with the aim of contributing to the development and expansion of Japan-related capital markets. From the perspective of "Japan's market continuing to develop as a major global market," the awards were selected taking into consideration fair pricing in the primary market, price formation after the transition to the secondary market, contributions to the development of capital markets, and originality and ingenuity.
Regarding our listing on the Tokyo Stock Exchange Prime Market (dated October 25, 2023), we received the following overall evaluation: "This is the first large-scale global IPO in Japan in approximately five years, exceeding 100 billion yen, and we carefully executed the transaction in a difficult situation with an uncertain market environment and a worsening semiconductor cycle. We attracted interest from blue-chip overseas investors, leading to extremely strong stock price performance."
Our group aims to improve corporate value from both aspects of business and ESG activities (resolving environmental and social issues, strengthening governance). Additionally, we will disclose information in a timely, appropriate, and fair manner, and will actively engage in dialogue with investors, analysts, and other stakeholders.