Worth reading
43Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
100
¥100 millionWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of unsecured bonds with a special pari passu clause among bonds
Total issue value
¥10 billion
Offering structure
Underwriter / lead underwriter
SMBC Nikko Securities Inc.Daiwa Securities Co., Ltd.Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Payment date
11 June 2026
Most recent equity financing
1st Unsecured Bonds scheduled for redemption on 17 June 2026
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of unsecured bonds with a special pari passu clause among bonds |
| Issue price and disposal price | ¥100 per ¥100 face value of each bond |
| Total issue value | ¥10 billion |
| Payment date | 11 June 2026 |
| Underwriter / lead underwriter | SMBC Nikko Securities Inc., Daiwa Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
| Most recent equity financing | 1st Unsecured Bonds scheduled for redemption on 17 June 2026 |
Items this document does not state (22)
Number of shares to be issued or disposed ofAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor 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.As the 1st Unsecured Bonds are scheduled for redemption on 17 June 2026, the Company determined that, in light of market conditions and the interest rate environment, this was a suitable opportunity to secure a stable debt financing base. The Company also stated that it would pursue capital policies including growth investment using interest-bearing debt, reducing its cost of capital (WACC) through the issuance of these bonds, and expanding shareholder returns.
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.