Capital-like fundraising through perpetual subordinated loans
First written in FY2021. 3 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2025.
0 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「In March 2021, the company raised ¥15 billion through a loan with perpetual subordinated terms to fund growth investments and investments to support the continued growth of existing businesses. Of this amount, ¥5 billion was redeemed in the previous consolidated fiscal year and ¥10 billion in the current consolidated fiscal year, completing the voluntary redemption in full.」
Of the ¥15 billion loan with perpetual subordinated terms, ¥5 billion was redeemed in the previous fiscal year and ¥10 billion in the current fiscal year, completing the voluntary redemption in full. - FY2025-H1AdvancedAnnual report
「In March 2021, the company raised ¥15 billion through a loan with perpetual subordinated terms to fund growth investments and investments to support the continued growth of existing businesses. It redeemed ¥5 billion on 29 September 2023 and ¥5 billion on 28 June 2024.」
Of the ¥15 billion loan with perpetual subordinated terms, ¥5 billion each was redeemed in September 2023 and June 2024, for a total redemption of ¥10 billion. - FY2024-Q2AdvancedAnnual report
「As approximately ¥5 billion was reclassified from equity to interest-bearing debt following the partial redemption of the subordinated loan, the consolidated D/E ratio at the end of the second quarter increased from 0.88x at the end of the previous consolidated fiscal year to 0.95x, a deterioration of 0.07 points.」
Of the ¥15 billion loan with perpetual subordinated terms raised in March 2021, ¥5 billion was redeemed on 29 September 2023. The redemption was funded by external borrowings, and the balance of equity-like financial instruments declined from ¥14.556 billion to ¥9.704 billion. - FY2023AdvancedAnnual report
「In the fiscal year ended March 2021, the company raised ¥15 billion through a loan with perpetual subordinated terms to accelerate and steadily implement its medium-term management strategy. It plans to refinance the loan through borrowings in stages over the next 3 years.」
The company presented a plan to refinance the ¥15 billion loan with perpetual subordinated terms through borrowings in stages over the next 3 years. - FY2021First statedAnnual report
「In March 2021, we raised funds through a perpetual subordinated loan to finance growth investment and continued investment in existing businesses.」
Raised ¥15.0 billion through a perpetual subordinated loan in March 2021 and recognized ¥14,556 million, net of transaction costs, as another equity instrument under IFRS. The loan has no maturity date, allows interest deferral, and carries a step-up in interest from April 2026.