Yahagi Construction set a ¥10 billion shelf registration limit for corporate bonds, with the proceeds to be used for capital expenditures, working capital, repayment of borrowings, and investments and loans. It filed a shelf registration statement with the Kanto Local Finance Bureau, effective from the 31st through 30 October 2028.
On the 23rd, Yahagi Construction set a corporate bond shelf registration limit of up to ¥10 billion. This will enable the company to issue corporate bonds flexibly. The shelf registration statement was filed with the Kanto Local Finance Bureau on the same date, and the issuance may be the company's first public bond offering.
The funds are to be used for capital expenditures, repayment of borrowings, investments and loans, and working capital. The effective period is from the 31st through 30 October 2028.
Yahagi Construction aims to strengthen its sales capabilities in the Tokyo metropolitan and Kansai regions and plans to acquire large-scale construction projects through M&A. In central Nagoya, it is constructing a high-rise office building being developed by Mitsubishi Estate in front of Hisaya-odori Park.