Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
8500000000
Yen (total funds raised)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of the 47th Stock Acquisition Rights (with Exercise Price Adjustment Clause) through a third-party allotment, Issuance of the 48th Stock Acquisition Rights through a third-party allotment, Issuance of the second series of unsecured convertible bonds with stock acquisition rights through a private placement
Who receives how much
47th Stock Acquisition Rights: 79,633,700 potential shares; 48th Stock Acquisition Rights: 57,365,800 potential shares; 2nd Series Unsecured Convertible Bonds with Stock Acquisition Rights: 45,977,011 potential shares
GP Fund (796,337 47th Stock Acquisition Rights, 573,658 48th Stock Acquisition Rights and 40 2nd Series Unsecured Convertible Bonds with Stock Acquisition Rights)
The lower thin line represents the existing number of shares to which these shares will be added.
47th Stock Acquisition Rights: ¥23 per right, 48th Stock Acquisition Rights: ¥8 per right, Convertible bonds with stock acquisition rights: ¥100 per ¥100 of bond principal; the stock acquisition rights are issued free of charge
Total issue value
47th Stock Acquisition Rights: ¥18,315,751, 48th Stock Acquisition Rights: ¥4,589,264, Convertible bonds with stock acquisition rights: ¥2,000,000,000
Amount of funds to be raised
47th Stock Acquisition Rights: ¥4,000,000,751 in total; estimated net proceeds of ¥3,843,279,281, 48th Stock Acquisition Rights: ¥2,500,001,564 in total; estimated net proceeds of ¥2,352,852,464, Convertible bonds with stock acquisition rights: ¥2,000,000,000 in total
Terms of the stock acquisition rights
Exercise price
47th Stock Acquisition Rights: initially ¥50.0, adjusted to 90% of the closing price on the immediately preceding trading day, with a floor of ¥25.0 and no ceiling. 48th Stock Acquisition Rights: ¥43.5, with no adjustment. Convertible bonds with stock acquisition rights: conversion price of ¥43.5, with no adjustment
Exercise period
47th and 48th Stock Acquisition Rights: from 1 September 2026 to 31 August 2031. Conversion period for the convertible bonds with stock acquisition rights: from 1 September 2026 to 31 August 2031
Number of Stock Acquisition Rights
47th: 796,337 rights; 48th: 573,658 rights. Remaining unexercised rights: Not disclosed
Payment date
31 August 2026
Procedures under the Corporate Code of Conduct
In accordance with Article 434, Paragraph 1 of the Tokyo Stock Exchange Securities Listing Regulations and Article 436, Paragraphs 1 through 5 of the Enforcement Rules for the Regulations, an exercise volume restriction will be imposed on the 47th Stock Acquisition Rights
Most recent equity financing
Resolution dated 14 August 2026: issuance through a third-party allotment of the 47th Stock Acquisition Rights, the 48th Stock Acquisition Rights and the 2nd Series Unsecured Convertible Bonds with Stock Acquisition Rights (referenced in this document)
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of the 47th Stock Acquisition Rights (with Exercise Price Adjustment Clause) through a third-party allotment, Issuance of the 48th Stock Acquisition Rights through a third-party allotment, Issuance of the second series of unsecured convertible bonds with stock acquisition rights through a private placement |
| Number of shares to be issued or disposed of | 47th Stock Acquisition Rights: 79,633,700 potential shares; 48th Stock Acquisition Rights: 57,365,800 potential shares; 2nd Series Unsecured Convertible Bonds with Stock Acquisition Rights: 45,977,011 potential shares |
| Issue price and disposal price | 47th Stock Acquisition Rights: ¥23 per right, 48th Stock Acquisition Rights: ¥8 per right, Convertible bonds with stock acquisition rights: ¥100 per ¥100 of bond principal; the stock acquisition rights are issued free of charge |
| Total issue value | 47th Stock Acquisition Rights: ¥18,315,751, 48th Stock Acquisition Rights: ¥4,589,264, Convertible bonds with stock acquisition rights: ¥2,000,000,000 |
| Amount of funds to be raised | 47th Stock Acquisition Rights: ¥4,000,000,751 in total; estimated net proceeds of ¥3,843,279,281, 48th Stock Acquisition Rights: ¥2,500,001,564 in total; estimated net proceeds of ¥2,352,852,464, Convertible bonds with stock acquisition rights: ¥2,000,000,000 in total |
| Payment date | 31 August 2026 |
| Intended allottee | GP Fund (796,337 47th Stock Acquisition Rights, 573,658 48th Stock Acquisition Rights and 40 2nd Series Unsecured Convertible Bonds with Stock Acquisition Rights) |
| Exercise price | 47th Stock Acquisition Rights: initially ¥50.0, adjusted to 90% of the closing price on the immediately preceding trading day, with a floor of ¥25.0 and no ceiling. 48th Stock Acquisition Rights: ¥43.5, with no adjustment. Convertible bonds with stock acquisition rights: conversion price of ¥43.5, with no adjustment |
| Exercise period | 47th and 48th Stock Acquisition Rights: from 1 September 2026 to 31 August 2031. Conversion period for the convertible bonds with stock acquisition rights: from 1 September 2026 to 31 August 2031 |
| Number of Stock Acquisition Rights | 47th: 796,337 rights; 48th: 573,658 rights. Remaining unexercised rights: Not disclosed |
| Procedures under the Corporate Code of Conduct | In accordance with Article 434, Paragraph 1 of the Tokyo Stock Exchange Securities Listing Regulations and Article 436, Paragraphs 1 through 5 of the Enforcement Rules for the Regulations, an exercise volume restriction will be imposed on the 47th Stock Acquisition Rights |
| Most recent equity financing | Resolution dated 14 August 2026: issuance through a third-party allotment of the 47th Stock Acquisition Rights, the 48th Stock Acquisition Rights and the 2nd Series Unsecured Convertible Bonds with Stock Acquisition Rights (referenced in this document) |
Items this document does not state (16)
Estimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMajor shareholders after the offeringImpact on Business Performance
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 stated that it had confirmed completion of payment for the securities issued, as resolved at the Board of Directors meeting held on 14 August 2026. The document does not state the use of proceeds or purpose of the issuance.
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