Details of issuance or disposal
Issuance in Japan through a public offering of the 8th series of unsecured domestic bonds with interest payment deferral and early redemption provisions (with a subordinated covenant)
Total issue amount: ¥418.0 billion. Estimated net proceeds: Not disclosed
Not applicable (the issuance is of bonds, and no disclosure concerning equity dilution is provided)
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.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance in Japan through a public offering of the 8th series of unsecured domestic bonds with interest payment deferral and early redemption provisions (with a subordinated covenant) |
| Amount of funds to be raised | Total issue amount: ¥418.0 billion. Estimated net proceeds: Not disclosed |
| Specific use of funds | Details Funds for refinancing domestic hybrid bonds whose first optional redemption date is in June 2026, among other purposes / Amount Not disclosed / Scheduled timing of expenditures Not disclosed |
| Payment date | 22 April 2026 |
| Intended allottee | Public offering (primarily individual investors) |
| Dilution Rate | Not applicable (the issuance is of bonds, and no disclosure concerning equity dilution is provided) |
| Underwriter / lead underwriter | Daiwa Securities Co., Ltd., Mizuho Securities Co., Ltd., SBI SECURITIES CO., LTD., Tokai Tokyo Securities Co., Ltd., Okasan Securities Co., Ltd., Mito Securities Co.,Ltd., 岩井コスモ証券株式会社 |
Items this document does not state (21)
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 proceeds are expected to be used, among other purposes, to refinance domestic hybrid bonds whose first optional redemption date is in June 2026. If these bonds are redeemed before maturity or repurchased and cancelled, the company also expects, where it deems necessary, to refinance them with an instrument recognized as having equivalent capital characteristics.