Worth reading
—
Scored from 0 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
239.2
¥100 million (maximum aggregate purchase price)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Purchase of convertible bonds with stock acquisition rights
Terms of the stock acquisition rights
Exercise price
Conversion price: ¥3,287.1 (as of 14 May 2026). Adjustment provisions for the conversion price: Not disclosed
Offering structure
Underwriter / lead underwriter
Morgan Stanley & Co. International plc (sole dealer manager)
Most recent equity financing
Timing 17 December 2020 / Type 2027-maturity Euro-Yen Convertible Bonds with Stock Acquisition Rights / Amount ¥23.0 billion
| Item | Details |
|---|---|
| Type of issuance or disposal | Purchase of convertible bonds with stock acquisition rights |
| Exercise price | Conversion price: ¥3,287.1 (as of 14 May 2026). Adjustment provisions for the conversion price: Not disclosed |
| Underwriter / lead underwriter | Morgan Stanley & Co. International plc (sole dealer manager) |
| Most recent equity financing | Timing 17 December 2020 / Type 2027-maturity Euro-Yen Convertible Bonds with Stock Acquisition Rights / Amount ¥23.0 billion |
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 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.The disclosure states that the bonds will be purchased and canceled, but does not specify the reason. If the outstanding amount falls below 10% of the aggregate principal amount at issuance, the company plans to redeem all of the bonds early at 100% of their principal amount under the clean-up clause.
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.