Nichicon Corporation
Notice on Issuance of Convertible Bond-type Bonds with Stock Acquisition Rights (CB-Rights) maturing in 2031 with conversion terms
Today, as part of funding, issued a convertible bond-type bond with stock acquisition rights maturing in 2031. Proceeds expected to be about 22.0 billion yen, with about 17.0 billion yen to be invested in equipment, and about 5.0 billion yen for share buyback. Conversion terms include 130% cap and acquisition clause to enhance shareholder returns and capital efficiency. Share buyback planned for September 3, 2026.
Key Figures
- Total bonds: 22.0 billion yen
- Proceeds: About 22.0 billion yen
- Total capex plan: About 17.0 billion yen
- Share buyback funding: About 5.0 billion yen
- Dates: September 18, 2026 (payment), September 18, 2031 (redemption)
AI要約
Overview of this matter
Nichicon will issue a convertible bond-type bond with stock acquisition rights maturing in 2031 to fund growth market investments and strengthen capital policy. Proceeds of about 22.0 billion yen will be raised, with about 17.0 billion yen allocated to capacitor and NECST businesses' capital expenditure, and about 5.0 billion yen for share buyback. A 130% conversion cap clause will be set to prevent dilution. Share buyback is planned for September 3, 2026.
Future capital policy and impact on shareholders
A scheme combining issuance of CB-RB and share buyback aims to improve capital efficiency and enhance shareholder returns. Features such as conversion price adjustment, acquisition clause, and 130% conversion cap are designed to limit shareholder dilution. The acquisition window is 5.0 billion yen, to be executed via ToSTNeT-3.
Nichicon Corporation
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