Worth reading
38Recurring
Scored from 4 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
7500000000
Yen (total issue amount)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Acquisition and cancellation of convertible bonds with stock acquisition rights
Terms of the stock acquisition rights
Exercise price
Not applicable (although a conversion price of ¥3,808.7 is stated, this transaction involves exercising an acquisition clause rather than exercising stock acquisition rights)
Basis for determining the amount to be paid
The number of shares to be delivered will be calculated by dividing the amount obtained by subtracting the principal amount of the bonds from the conversion value by the average VWAP over the 20 consecutive trading days from 8 October 2026 to 6 November 2026. The conversion price is ¥3,808.7 as a reference value. The discount rate and premium rate are Not disclosed.
Most recent equity financing
Timing 18 April 2024 / Type 2028 Euro-Yen convertible bonds with stock acquisition rights subject to acquisition clauses / Amount ¥7,500,000,000
Impact on Business Performance
The acquisition and cancellation of these convertible bonds with stock acquisition rights will have no impact on the Company's results.
| Item | Details |
|---|---|
| Type of issuance or disposal | Acquisition and cancellation of convertible bonds with stock acquisition rights |
| Basis for determining the amount to be paid | The number of shares to be delivered will be calculated by dividing the amount obtained by subtracting the principal amount of the bonds from the conversion value by the average VWAP over the 20 consecutive trading days from 8 October 2026 to 6 November 2026. The conversion price is ¥3,808.7 as a reference value. The discount rate and premium rate are Not disclosed. |
| Exercise price | Not applicable (although a conversion price of ¥3,808.7 is stated, this transaction involves exercising an acquisition clause rather than exercising stock acquisition rights) |
| Most recent equity financing | Timing 18 April 2024 / Type 2028 Euro-Yen convertible bonds with stock acquisition rights subject to acquisition clauses / Amount ¥7,500,000,000 |
| Impact on Business Performance | The acquisition and cancellation of these convertible bonds with stock acquisition rights will have no impact on the Company's results. |
Items this document does not state (23)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesExercise periodNumber 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 offering
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 enhance shareholder returns and improve capital efficiency, and to limit dilution from future conversion to a certain extent.
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.