Worth reading
42Recurring
Scored from 1 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
54.1
Reduction in conversion price (yen per share)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Adjustment of the conversion prices of convertible bonds with stock acquisition rights
Terms of the stock acquisition rights
Exercise price
The conversion price was ¥1,860.1 before adjustment and ¥1,806.0 after adjustment. A conversion price adjustment provision applies. Floor: Not disclosed
Reason for acquisition without consideration
The company may acquire all outstanding convertible bonds with stock acquisition rights by giving notice during the period from 29 May 2028 to 28 June 2028.
Most recent equity financing
Issuance, dated 12 September 2023, of euro-yen-denominated convertible bonds with stock acquisition rights due in 2028 and subject to an acquisition clause (issue amount: Not disclosed)
| Item | Details |
|---|---|
| Type of issuance or disposal | Adjustment of the conversion prices of convertible bonds with stock acquisition rights |
| Exercise price | The conversion price was ¥1,860.1 before adjustment and ¥1,806.0 after adjustment. A conversion price adjustment provision applies. Floor: Not disclosed |
| Reason for acquisition without consideration | The company may acquire all outstanding convertible bonds with stock acquisition rights by giving notice during the period from 29 May 2028 to 28 June 2028. |
| Most recent equity financing | Issuance, dated 12 September 2023, of euro-yen-denominated convertible bonds with stock acquisition rights due in 2028 and subject to an acquisition clause (issue amount: Not disclosed) |
Items this document does not state (24)
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 sharesBasis for determining the amount to be paidExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock 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.At the Board of Directors meeting held on 28 October 2026, a proposal for the payment of a dividend of surplus, comprising an interim dividend of ¥66.5 per common share, was approved and adopted, triggering the conversion price adjustment provision in the bond terms.
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.