Raising Funds through Convertible Bonds and Other Instruments to Expand the Digital Finance Business across ASEAN
First written in FY2016-Q3. 4 of 8 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2021.
1 other company's latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「The main components were ¥5,792 million in cash outflows for bond redemptions, ¥14 million in proceeds from borrowings from the parent company and ¥61 million in cash outflows for repayments to the parent company.」
Capital allocation moved from a focus on raising funds for growth investments to the stage of making repayments, including ¥5,792 million in bond redemptions during the fiscal year. - FY2021-Q2AdvancedAnnual report
「Funds used as a result of financing activities totaled ¥4,595 million, compared with ¥2 million in proceeds in the same quarter of the previous year. The main components were ¥4,609 million in cash outflows for bond redemptions and ¥14 million in proceeds from borrowings from the parent company.」
Capital allocation moved from a focus on raising funds for business expansion to the stage of making cash outflows of ¥4,609 million for bond redemptions. - FY2020RestatedAnnual report
「During the fiscal year under review, the company continued to apply the free cash flow generated by improving cash flow from operating activities while reducing cash flow used in investing activities toward the repayment of borrowings and other obligations.」
The company continues to allocate funds generated by improving operating cash flow and restraining investment toward the repayment of borrowings and other obligations. - FY2019ReframedAnnual report
「During the fiscal year under review, the company rigorously pursued a policy of applying the free cash flow generated by improving cash flow from operating activities while reducing cash flow used in investing activities toward the repayment of borrowings and other obligations.」
The focus of capital allocation shifted from financing for business expansion to improving operating cash flow, limiting investment and using the resulting funds to repay borrowings and bonds. Cash outflows for bond redemptions totaled ¥5,159 million. - FY2018-Q3AdvancedAnnual report
「Specific uses of funds (1) Funds for the additional acquisition of Group Lease PCL shares in the Digital Finance business 580 August 2018 to August 2020 (2) Additional working capital for the content business 140 August 2018 to August 2020」
The company resolved to issue stock acquisition rights and unsecured convertible bonds with stock acquisition rights through a third-party allotment, and indicated plans to allocate estimated net proceeds of ¥720 million to the additional acquisition of shares for the Digital Finance business and working capital for the content business. - FY2017-Q3RestatedAnnual report
「The impact of higher interest expenses associated with financing for business expansion became more significant.」
While the company continues to raise funds for business expansion, it explained that higher interest expenses pressured ordinary profit and quarterly net profit. - FY2017-Q2AdvancedAnnual report
「Proceeds from the issuance of convertible bonds: ¥7,697.543 million」
During the six-month consolidated period under review, the company recorded approximately ¥7,697 million in proceeds from the issuance of convertible bonds, reflecting financing activities to support the expansion of the Digital Finance business. - FY2016-Q3First statedAnnual report
「(10) Use of proceeds: To be used for the expansion of the Digital Finance business across ASEAN.」
The consolidated subsidiary Group Lease PCL. planned to issue convertible bonds to J TRUST ASIA PTE. LTD. with an issue amount of US$130 million, a 5% interest rate and a five-year maturity. The stock acquisition rights were exercisable for two years from the issue date, and both instruments were intended to fund expansion of the Digital Finance business across ASEAN.