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Disclosure6574Convano Inc.Information and Communications, Services and Others

Notice Concerning the Early Redemption of the 4th Series of Unsecured Straight Bonds

The Company has decided to redeem in full the 4th Series of Straight Bonds, with a principal amount of ¥2,500,000,000, without waiting until the original redemption date of 31 December 2026. This is because the end of its Bitcoin Treasury strategy means that the funds raised through these bonds are no longer needed for additional Bitcoin purchases.

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Neutral
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Scale
2500000000
¥
Wording
Definitive
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Decision and Details

Board of Directors

Full early redemption of the 4th Series of Straight Bonds

Decision24 August 2026
AmountTotal amount of the 4th Series of Straight Bonds: ¥2,500,000,000; proceeds from the sale of the cryptoassets (Bitcoin) applied to the redemption funds: ¥8,098.969 million
Reason

The Bitcoin Treasury strategy has ended following the decision not to make additional Bitcoin purchases and the completion of the sale of the Company's Bitcoin holdings, eliminating the need for additional Bitcoin purchases, which was the intended use of the funds raised through these bonds. The Company also indicated that continuing to provide funds on an interest-free basis would not be economically rational for Dimensional.

Impact on Business Performance

The impact on consolidated results for the fiscal year ending March 2027 will be immaterial. There will be no reduction in interest expense, lump-sum payment of interest for the remaining term or other equivalent burden, or expense burden related to penalties, early redemption fees or other costs.

Decision and Details
ItemDetails
Matter CoveredFull early redemption of the 4th Series of Straight Bonds
Decision-Making BodyBoard of Directors
Decision Date24 August 2026
AmountTotal amount of the 4th Series of Straight Bonds: ¥2,500,000,000; proceeds from the sale of the cryptoassets (Bitcoin) applied to the redemption funds: ¥8,098.969 million
Impact on Business PerformanceThe impact on consolidated results for the fiscal year ending March 2027 will be immaterial. There will be no reduction in interest expense, lump-sum payment of interest for the remaining term or other equivalent burden, or expense burden related to penalties, early redemption fees or other costs.
ReasonThe Bitcoin Treasury strategy has ended following the decision not to make additional Bitcoin purchases and the completion of the sale of the Company's Bitcoin holdings, eliminating the need for additional Bitcoin purchases, which was the intended use of the funds raised through these bonds. The Company also indicated that continuing to provide funds on an interest-free basis would not be economically rational for Dimensional.
Related previous disclosures2 September 2025: “Notice Regarding the Issuance of the 4th Series of Straight Bonds”; 21 November 2025: “Notice Regarding the Review of the Policy for Holding Bitcoin”; 24 July 2026: “Notice Regarding the Policy for Selling Held Cryptoassets”; 13 August 2026: “Notice Regarding the Completion of the Sale of Held Cryptoassets”
Items this document does not state (5)
Implementation DatePeriod CoveredQuantity / scaleGoverning RuleFuture plans

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 Bitcoin Treasury strategy has ended following the decision not to make additional Bitcoin purchases and the completion of the sale of the Company's Bitcoin holdings, eliminating the intended use of the funds raised through these bonds. The Company also indicated that continuing to provide funds on an interest-free basis would not be economically rational for Dimensional.

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Notice Concerning the Early Redemption of the 4th Series of Unsecured Straight Bonds | Convano Inc. (6574) timely disclosure | Komori