Funding Share Repurchases Through Convertible Bonds
First written in FY2020-Q2. 1 of 6 entries say "Restated". Latest entry: 2026-10-01.
6 other companies' latest entry also says "Advanced".
- 2026-10-01AdvancedShare Issuance and DisposalSuggests it is closing out
「Our share price has recently remained above the conversion price of the convertible bonds with stock acquisition rights and the restricted share price, which is one of the conditions stipulated in the conversion restriction provisions. The convertible bonds with stock acquisition rights are therefore in a position to be converted into shares. If conversion into shares progresses, our shares may be diluted. Accordingly, we determined that exercising the acquisition provision attached to the convertible bonds with stock acquisition rights, with settlement in cash at face value, would help limit dilution resulting from conversion into shares to a certain extent and contribute to enhancing shareholder value and capital efficiency.」
The company disclosed a resolution to acquire all remaining 2028-maturity convertible bonds with stock acquisition rights issued in April 2024 and cancel them on 9 December 2026. Regarding these bonds, which were used as a funding method for the treasury share acquisition, the company is moving toward a transaction intended to limit dilution from conversion into shares and improve capital efficiency, indicating the winding down of this funding method. However, the acquisition and cancellation are scheduled for 9 December 2026, and completion has not yet been disclosed. - FY2024-Q2RaisedAnnual report
「Total issue amount: ¥7,500 million” “Use of proceeds: The planned use of the proceeds from the issuance of these bonds with stock acquisition rights is as follows. To fund share repurchases aimed at further enhancing shareholder returns and improving capital efficiency while maintaining the financial foundation required to implement the growth strategy.」
The company disclosed a plan under which the balance of the existing 2025-maturity convertible bonds with stock acquisition rights, with a total issue amount of ¥6 billion, would be eliminated, while new 2028-maturity convertible bonds with a total issue amount of ¥7.5 billion would be issued and the proceeds used to finance share repurchases. - FY2024-Q1Continued decline in convertible bond balanceAnnual report
「Convertible bonds with stock acquisition rights 1,404 501」
The balance of the convertible bonds with stock acquisition rights issued to finance share repurchases decreased from ¥1,404 million at the end of the previous consolidated fiscal year to ¥501 million. - FY2023Decline in convertible bond balanceAnnual report
「The convertible bonds with stock acquisition rights were issued to finance share repurchases.」
The balance of the convertible bonds with stock acquisition rights issued to finance share repurchases decreased from ¥6,030 million to ¥1,404 million as a result of rights exercises. - FY2020-Q3RestatedAnnual report
「Balance of bonds with stock acquisition rights * ¥6,060 million」
The convertible bonds with stock acquisition rights issued as a financing method for share repurchases remained recorded as an outstanding balance at the end of the current quarter. - FY2020-Q2First statedAnnual report
「The planned use of the proceeds from the issuance of these bonds with stock acquisition rights is as follows: To fund share repurchases aimed at further enhancing shareholder returns and improving capital efficiency while maintaining the financial foundation required to implement the growth strategy.」
Payment for the 2025-maturity euro-yen-denominated convertible bonds with stock acquisition rights subject to redemption, with a total issue amount of ¥6 billion, was completed on 30 April 2020. The company disclosed for the first time a financing method under which the proceeds would be used for share repurchases.