Implementation of a Debt-to-Equity Swap of Receivables from a U.S. Consolidated Subsidiary and Recognition of Financial Expenses
Astroscale Holdings, Inc. and Astroscale U.S. Inc. (ASUS)
Astroscale U.S. Inc.（2201 S Delaware St. Denver, CO 80223）
Implemented to reduce ASUS's debt and strengthen its financial position, minimize the impact of foreign exchange movements on the Company's financial results, and eliminate the risk of substantial foreign exchange losses if the yen appreciates significantly.
US$266,094,690 to be converted into shares through a DES. ¥85 million in financial expenses (foreign exchange losses) to be recognized in the fiscal year ending April 2027
Fiscal year ending April 2027
The impact on the consolidated earnings forecast for the fiscal year ending April 2027 is currently under review. The Company will promptly disclose any matters requiring disclosure.
Change in voting rights ownership ratio
The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.
The Company: 100% (number of voting rights; reference date: Not disclosed)
The Company: 100% (ownership interest after the capital increase)
The capital increase procedures for the DES are scheduled to be completed on 30 November 2026. The Company will review the impact on its consolidated earnings forecast and promptly disclose any matters requiring disclosure.
The company will promptly disclose any matters requiring disclosure.
| Item | Details |
|---|---|
| Event name | Implementation of a Debt-to-Equity Swap of Receivables from a U.S. Consolidated Subsidiary and Recognition of Financial Expenses |
| Date of occurrence | 13 November 2026 (date of the board resolution approving the DES implementation) |
| Subject Entity | Astroscale Holdings, Inc. and Astroscale U.S. Inc. (ASUS) |
| Target Locations / Products | Astroscale U.S. Inc.（2201 S Delaware St. Denver, CO 80223） |
| Cause | Implemented to reduce ASUS's debt and strengthen its financial position, minimize the impact of foreign exchange movements on the Company's financial results, and eliminate the risk of substantial foreign exchange losses if the yen appreciates significantly. |
| Amount of Impact on Business Performance | US$266,094,690 to be converted into shares through a DES. ¥85 million in financial expenses (foreign exchange losses) to be recognized in the fiscal year ending April 2027 |
| Accounting period in which recognized | Fiscal year ending April 2027 |
| Impact on Earnings Forecast | The impact on the consolidated earnings forecast for the fiscal year ending April 2027 is currently under review. The Company will promptly disclose any matters requiring disclosure. |
| Voting rights ownership percentage before the change | The Company: 100% (number of voting rights; reference date: Not disclosed) |
| Voting rights ownership percentage after the change | The Company: 100% (ownership interest after the capital increase) |
| Outlook | The capital increase procedures for the DES are scheduled to be completed on 30 November 2026. The Company will review the impact on its consolidated earnings forecast and promptly disclose any matters requiring disclosure. |
| Planned follow-up disclosure | The company will promptly disclose any matters requiring disclosure. |
Items this document does not state (13)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To reduce ASUS's debt and strengthen its financial position, while limiting the impact of foreign exchange movements on the Company's financial results. The transaction is also intended to eliminate the risk of recognizing substantial foreign exchange losses if the yen appreciates significantly.