Worth reading
64In focus
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
8000
¥ millionWording
Conditional
How definitive the wording is.Details of issuance or disposal
Amount of funds to be raised
¥8,000 million (proceeds from the 20th Straight Bond)
Specific use of funds
Repayment of bondsAmount ¥8,000 million / Scheduled timing of expenditures April 2026 to April 2027
Bitcoin PurchasesAmount ¥25,422 million / Scheduled timing of expenditures April 2026 to April 2028
Bitcoin Income BusinessAmount ¥3,714 million / Scheduled timing of expenditures April 2026 to April 2028
Terms of the stock acquisition rights
Exercise price
Only the inclusion of an exercise price adjustment provision, an mNAV provision, a lower exercise price adjustment provision and an exercise suspension provision is disclosed. The specific exercise price and adjusted lower exercise price are Not disclosed.
Most recent equity financing
Plan to raise ¥123,782 million to fund bitcoin purchases through the exercise of the 23rd and 24th Stock Acquisition Rights (timing: Not disclosed), Plan to raise ¥25,422 million to fund bitcoin purchases through the 27th Stock Acquisition Rights (April 2026 to April 2028)
Impact on Business Performance
The change in the use of funds will have no impact on the consolidated financial results of the Group for the current fiscal year.
| Item | Details |
|---|---|
| Amount of funds to be raised | ¥8,000 million (proceeds from the 20th Straight Bond) |
| Specific use of funds | Details Repayment of bonds / Amount ¥8,000 million / Scheduled timing of expenditures April 2026 to April 2027, Details Bitcoin Purchases / Amount ¥25,422 million / Scheduled timing of expenditures April 2026 to April 2028, Details Bitcoin Income Business / Amount ¥3,714 million / Scheduled timing of expenditures April 2026 to April 2028 |
| Exercise price | Only the inclusion of an exercise price adjustment provision, an mNAV provision, a lower exercise price adjustment provision and an exercise suspension provision is disclosed. The specific exercise price and adjusted lower exercise price are Not disclosed. |
| Most recent equity financing | Plan to raise ¥123,782 million to fund bitcoin purchases through the exercise of the 23rd and 24th Stock Acquisition Rights (timing: Not disclosed), Plan to raise ¥25,422 million to fund bitcoin purchases through the 27th Stock Acquisition Rights (April 2026 to April 2028) |
| Impact on Business Performance | The change in the use of funds will have no impact on the consolidated financial results of the Group for the current fiscal year. |
Items this document does not state (23)
Type of issuance or disposalNumber of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueEstimated issuance expensesPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor shareholders after the offering
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.The company decided to use the ¥8,000 million raised through the 20th Straight Bond for bitcoin purchases and to use funds raised through the exercise of the 27th Stock Acquisition Rights to redeem that bond. Because raising funds through the stock acquisition rights requires a certain period of time, the purpose is to secure funds upfront through the bond issuance and acquire bitcoin flexibly.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.