Worth reading
77Important
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
2775.93
¥100 million (approximately, net proceeds)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Determination of the issue terms for Euro-Yen convertible bonds with stock acquisition rights due 2029 and Euro-Yen convertible bonds with stock acquisition rights due 2031
Total issue value
¥125 billion each, plus the aggregate principal amount of substitute certificates for bonds with stock acquisition rights
Amount of funds to be raised
Approximately ¥277.593 billion in net proceeds. The total payment amount is Not disclosed
Specific use of funds
Funds for the tender offer for treasury sharesAmount The amount required to finance the tender offer from the funds raised / Scheduled timing of expenditures By the end of July 2026
Expansion of major manufacturing facilities for sputtering targets for semiconductors, capacity expansion for increased production of crystal materials, and acquisition of rare-metal resources for the Focus Businesses, among other purposesAmount The remaining amount after allocating funds to the tender offer / Scheduled timing of expenditures By the end of March 2028
発行済株式総数
5.54% (ratio of potential shares)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Terms of the stock acquisition rights
Exercise price
Conversion price of ¥4,860. Whether there is an adjustment provision and the adjustment floor are Not disclosed
Exercise period
2029 bonds: from 17 June 2026 to 21 May 2029. 2031 bonds: from 17 June 2026 to 20 May 2031
Payment date
3 June 2026 (London time)
Basis for determining the amount to be paid
The conversion price represents a 20.00% premium to the closing price of ¥4,050 on the date the issue terms were determined, 18 May 2026. The bond payment amount is 110.75% of principal amount for the 2029 bonds and 111.50% for the 2031 bonds
Most recent equity financing
Timing 11 May 2026 / Type Resolution to issue Euro-Yen convertible bonds with stock acquisition rights due 2029 and due 2031 / Amount ¥125 billion each
| Item | Details |
|---|---|
| Type of issuance or disposal | Determination of the issue terms for Euro-Yen convertible bonds with stock acquisition rights due 2029 and Euro-Yen convertible bonds with stock acquisition rights due 2031 |
| Total issue value | ¥125 billion each, plus the aggregate principal amount of substitute certificates for bonds with stock acquisition rights |
| Amount of funds to be raised | Approximately ¥277.593 billion in net proceeds. The total payment amount is Not disclosed |
| Specific use of funds | Details Funds for the tender offer for treasury shares / Amount The amount required to finance the tender offer from the funds raised / Scheduled timing of expenditures By the end of July 2026, Details Expansion of major manufacturing facilities for sputtering targets for semiconductors, capacity expansion for increased production of crystal materials, and acquisition of rare-metal resources for the Focus Businesses, among other purposes / Amount The remaining amount after allocating funds to the tender offer / Scheduled timing of expenditures By the end of March 2028 |
| Payment date | 3 June 2026 (London time) |
| Dilution Rate | 5.54% (ratio of potential shares) |
| Basis for determining the amount to be paid | The conversion price represents a 20.00% premium to the closing price of ¥4,050 on the date the issue terms were determined, 18 May 2026. The bond payment amount is 110.75% of principal amount for the 2029 bonds and 111.50% for the 2031 bonds |
| Exercise price | Conversion price of ¥4,860. Whether there is an adjustment provision and the adjustment floor are Not disclosed |
| Exercise period | 2029 bonds: from 17 June 2026 to 21 May 2029. 2031 bonds: from 17 June 2026 to 20 May 2031 |
| Most recent equity financing | Timing 11 May 2026 / Type Resolution to issue Euro-Yen convertible bonds with stock acquisition rights due 2029 and due 2031 / Amount ¥125 billion each |
Items this document does not state (18)
Number of shares to be issued or disposed ofIssue price and disposal priceEstimated issuance expensesIntended allotteeIntended allottee's holding policyTotal number of issued sharesNumber 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 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 issue terms and other matters have been determined. The funds raised are expected to be used to finance the tender offer for treasury shares, with the remaining funds allocated to expanding major manufacturing facilities for sputtering targets for semiconductors, strengthening facilities to increase crystal material production, and acquiring rare metal resources, among other purposes.
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.