Decision and Details
Board of DirectorsEarly redemption of the 3rd and 5th unsecured straight bonds and issuance of the 12th unsecured straight bonds
To secure ample cash on hand and financing capacity in order to take full advantage of future growth investment opportunities, and to reduce the interest burden on the existing bonds
The impact of this matter on the Company's consolidated financial results will be immaterial.
| Item | Details |
|---|---|
| Matter Covered | Early redemption of the 3rd and 5th unsecured straight bonds and issuance of the 12th unsecured straight bonds |
| Decision-Making Body | Board of Directors |
| Decision Date | 22 May 2026 |
| Implementation Date | Early redemption of the 3rd and 5th unsecured straight bonds: 22 May 2026 (completed); issuance of the 12th unsecured straight bonds: 28 May 2026 (scheduled) |
| Period Covered | The 12th unsecured straight bonds will run from 28 May 2026 through 27 May 2027 |
| Amount | Early redemption amount of existing bonds: ¥1.7 billion (¥1 billion for the 3rd issue and ¥700 million for the 5th issue); total issuance amount of the 12th unsecured straight bonds: ¥2 billion; approximate annual reduction in interest expense: ¥42 million |
| Quantity / scale | 3 bond transactions (2 early redemptions and 1 new issuance) |
| Impact on Business Performance | The impact of this matter on the Company's consolidated financial results will be immaterial. |
| Reason | To secure ample cash on hand and financing capacity in order to take full advantage of future growth investment opportunities, and to reduce the interest burden on the existing bonds |
| Related previous disclosures | A disclosure dated 22 November 2024 stated that ¥100 million of the 5th unsecured straight bonds had been redeemed early (title: Not disclosed). |
| Future plans | The 12th unsecured straight bonds will be issued on 28 May 2026. The Company will promptly announce any matters requiring disclosure. |
Items this document does not state (1)
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.To reduce the interest burden on the existing bonds while securing ample cash on hand and financing capacity in preparation for growth investments, including the acquisition of income-producing real estate, battery storage facility projects, financial support and the M&A consulting business.