Worth reading
50Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
800
Hundreds of millions of yenWording
Conditional
How definitive the wording is.Details of issuance or disposal
Public offering of unsecured bonds with first interest deferral and early redemption provisions (subordinated bonds)
Intended allottee
No specific proposed allottee, as this is a public offering
Amount of funds to be raised
Total amount raised: ¥80 billion; estimated net proceeds: Not disclosed
Specific use of funds
Full early repayment of the hybrid loan raised in August 2019Amount ¥80.0 billion / Scheduled timing of expenditures 31 August 2026 (first optional early repayment date) (scheduled)
発行済株式総数
No increase
No dilution of shares will occur
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.
Offering structure
Underwriter / lead underwriter
SMBC Nikko Securities Inc.Mizuho Securities Co., Ltd.Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.Daiwa Securities Co., Ltd.
Payment date
Three business days after the pricing date
Basis for determining the amount to be paid
The issue terms will be determined after comprehensively considering demand conditions, interest-rate trends and other factors. The reference closing price and average share price, and the discount or premium rate, are Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Public offering of unsecured bonds with first interest deferral and early redemption provisions (subordinated bonds) |
| Amount of funds to be raised | Total amount raised: ¥80 billion; estimated net proceeds: Not disclosed |
| Specific use of funds | Details Full early repayment of the hybrid loan raised in August 2019 / Amount ¥80.0 billion / Scheduled timing of expenditures 31 August 2026 (first optional early repayment date) (scheduled) |
| Payment date | Three business days after the pricing date |
| Intended allottee | No specific proposed allottee, as this is a public offering |
| Dilution Rate | No dilution of shares will occur |
| Total number of issued shares | No increase |
| Basis for determining the amount to be paid | The issue terms will be determined after comprehensively considering demand conditions, interest-rate trends and other factors. The reference closing price and average share price, and the discount or premium rate, are Not disclosed |
| Underwriter / lead underwriter | SMBC Nikko Securities Inc., Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Daiwa Securities Co., Ltd. |
Items this document does not state (19)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueEstimated issuance expensesIntended allottee's holding policyExercise 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 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.To secure funds to fully repay the ¥80 billion hybrid loan raised in August 2019 at its early repayment date and maintain the stability of the Company’s financial foundation.
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.