Risk of early redemption under financial covenants for convertible bonds with stock acquisition rights
First written in FY2026-H1. 1 of 2 entries say "Restated". Latest entry: FY2026.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「The convertible bonds with stock acquisition rights for the current consolidated fiscal year are subject to the following financial covenants under the agreement with the holders of these bonds with stock acquisition rights. If the Company breaches any of these covenants, the bonds may be redeemed early at the request of the holders.」
The Company has reconfirmed the risk of early redemption of the ¥300 million convertible bonds with stock acquisition rights if cash and deposits fall below 150% of the total amount of the bonds outstanding. - FY2026-H1First statedAnnual report
「This refers to a case in which the total amount of cash and deposits stated in each quarterly consolidated balance sheet of the Company disclosed after the payment date falls below an amount equivalent to 150% of the total amount of the bonds outstanding at the time the holders of these bonds with stock acquisition rights recognize that total amount.」
For the ¥300 million convertible bonds with stock acquisition rights issued on 1 September 2025, the Company has disclosed a financial covenant under which the bonds may be subject to early redemption at the holders' request if cash and deposits fall below 150% of the total amount of the bonds outstanding.