Worth reading
35Immaterial
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
800
¥100 millionWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issue of publicly offered hybrid bonds (subordinated bonds)
Intended allottee
No specific prospective allottee, as this is a public offering
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
29 July 2026
Most recent equity financing
Timing 29 June 2026 / Type Decision to issue publicly offered hybrid bonds (subordinated bonds) / Amount Not disclosed
Aggregate principal amount of bonds
¥80.0 billion
Initial interest rate
3.393％
Redemption date
25 July 2063
Early redemption
The bonds may be redeemed early at the Company's discretion on each interest payment date from 25 July 2033 onward.
Interest payment dates
25 January and 25 July of each year
Optional deferral of interest payments
At the Company's discretion, all or part of the interest payments may be deferred.
Credit ratings obtained
Rating and Investment Information, Inc. Ａ－ / Japan Credit Rating Agency, Ltd. Ａ
Equity credit
Rating and Investment Information, Inc. Class 3; 50% capital content / Japan Credit Rating Agency, Ltd. Medium; 50% capital content
| Item | Details |
|---|---|
| Type of issuance or disposal | Issue of publicly offered hybrid bonds (subordinated bonds) |
| Payment date | 29 July 2026 |
| Intended allottee | No specific prospective allottee, as this is a public offering |
| Underwriter / lead underwriter | SMBC Nikko Securities Inc., Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Daiwa Securities Co., Ltd. |
| Most recent equity financing | Timing 29 June 2026 / Type Decision to issue publicly offered hybrid bonds (subordinated bonds) / Amount Not disclosed |
| Aggregate principal amount of bonds | ¥80.0 billion |
| Initial interest rate | 3.393％ |
| Redemption date | 25 July 2063 |
| Early redemption | The bonds may be redeemed early at the Company's discretion on each interest payment date from 25 July 2033 onward. |
| Interest payment dates | 25 January and 25 July of each year |
| Optional deferral of interest payments | At the Company's discretion, all or part of the interest payments may be deferred. |
| Credit ratings obtained | Rating and Investment Information, Inc. Ａ－ / Japan Credit Rating Agency, Ltd. Ａ |
| Equity credit | Rating and Investment Information, Inc. Class 3; 50% capital content / Japan Credit Rating Agency, Ltd. Medium; 50% capital content |
Items this document does not state (23)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended 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.The issue terms have been determined for the publicly offered hybrid bonds announced on 29 June 2026.
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.