Worth reading
54Recurring
Scored from 1 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
31.99
% (increase in the conversion price relative to the closing share price)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Determination of the issue terms for Euro-Yen denominated convertible bonds with stock acquisition rights subject to acquisition provisions due 2031
発行・処分する株式数
6,406,000 potential shares (expected number assuming all bonds are converted at the initial conversion price; based on 67,158,385 issued shares × 9.54%)
100.75% of the principal amount of the bonds (¥10 million principal amount per bond)
Total issue value
¥22 billion (aggregate principal amount of the bonds)
Amount of funds to be raised
Total amount to be paid: Not disclosed; estimated net proceeds: Not disclosed
発行済株式総数
9.54% (ratio of potential shares to the latest total number of issued shares, excluding treasury 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: ¥3,433. Adjustment provisions and adjustment floor: Not disclosed
Exercise period
From 2 October 2026 through 4 September 2031, inclusive (local time at the place where exercise requests are accepted)
Number of Stock Acquisition Rights
Total number issued: Not disclosed; balance unexercised: Not disclosed
Payment date
18 September 2026 (London time)
Basis for determining the amount to be paid
The conversion price is ¥3,433. The premium to the Tokyo Stock Exchange closing price of ¥2,601 on 2 September 2026 is 31.99%. The reference period for the average share price and the discount or premium rate are Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Determination of the issue terms for Euro-Yen denominated convertible bonds with stock acquisition rights subject to acquisition provisions due 2031 |
| Number of shares to be issued or disposed of | 6,406,000 potential shares (expected number assuming all bonds are converted at the initial conversion price; based on 67,158,385 issued shares × 9.54%) |
| Issue price and disposal price | 100.75% of the principal amount of the bonds (¥10 million principal amount per bond) |
| Total issue value | ¥22 billion (aggregate principal amount of the bonds) |
| Amount of funds to be raised | Total amount to be paid: Not disclosed; estimated net proceeds: Not disclosed |
| Payment date | 18 September 2026 (London time) |
| Dilution Rate | 9.54% (ratio of potential shares to the latest total number of issued shares, excluding treasury shares) |
| Total number of issued shares | 67,158,385 shares (excluding treasury shares, as of 31 July 2026) → Not disclosed |
| Basis for determining the amount to be paid | The conversion price is ¥3,433. The premium to the Tokyo Stock Exchange closing price of ¥2,601 on 2 September 2026 is 31.99%. The reference period for the average share price and the discount or premium rate are Not disclosed |
| Exercise price | Conversion price: ¥3,433. Adjustment provisions and adjustment floor: Not disclosed |
| Exercise period | From 2 October 2026 through 4 September 2031, inclusive (local time at the place where exercise requests are accepted) |
| Number of Stock Acquisition Rights | Total number issued: Not disclosed; balance unexercised: Not disclosed |
Items this document does not state (16)
Estimated issuance expensesSpecific use of fundsIntended allotteeIntended allottee's holding policyTransfer 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 ConductMost recent equity financingMajor 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 were determined. No other reason is stated in this document.
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.