Sakai Chemical Industry Co., Ltd.
Announcement regarding the completion of the conversion of the 4th unsecured convertible bond-type bonds with stock acquisition rights and related share buyback decisions
Announces full conversion of the convertible bonds with stock acquisition rights and accompanying share buyback. Total conversion amount is 1,518,987 shares (9.5% of issued shares); post-conversion issued shares will be 17,518,987 shares. Share buyback cap is 1,520,000 shares, up to 7.0 billion yen, with a period from 2026/7/1 to 2026/12/31, market purchases as the method, and the acquired shares are expected to be canceled in the end.
Key Figures
- Conversion shares: 1,518,987 shares (9.5% of issued shares)
- Post-conversion issued shares: 17,518,987 shares
- Share buyback cap: 1,520,000 shares (9.9%)
- Total share buyback amount: 7.0 billion yen
- Acquisition period: July 1, 2026 to December 31, 2026
AI要約
Overview
Sakai Chemical Industry announced that all of the convertible bonds issued in June 2023 (the 4th unsecured convertible bond-type with stock acquisition rights) have been fully converted by the designated fund, with conversion to ordinary shares expected to be completed by July 6, 2026. In addition, following the articles of incorporation, the company resolved to acquire its own shares. Although the number of issued shares will increase due to the conversion, the company plans to acquire treasury stock and ultimately cancel it as part of shareholder returns and capital efficiency improvement.
Impact and outlook
Post-conversion, the total issued shares will be 17,518,987 shares, with treasury stock acquisition limited to 1,520,000 shares up to 7.0 billion yen. The acquisition period is from 2026/7/1 to 2026/12/31, via market purchases. The exercise of conversion rights is by funds related to IA Partners, and as part of capital policy, the company aims to enhance capital efficiency and maximize shareholder value. There is no change to the projected dividends in the shareholder return policy.
Sakai Chemical Industry Co., Ltd.
Company overview · Stock price · Financial data · All IR
