Nichicon Corporation
Supplementary Explanation Materials on Euro-Yen CB Issuance and Treasury Stock Acquisition
Issuance of stock acquisition rights with a euro-yen convertible bond (Euro-Yen CB) to raise approximately 22 billion yen. Use: expansion of capacitor and NECST businesses and funding for treasury stock acquisition. Treasury stock acquisition planned at about 5 billion yen, dilution control measures include a 130% conversion cap. Payment due date is 9/18, redemption at maturity is 100%, and stock delivery may occur depending on conversion rights status.
Key Figures
- Issuance amount: 22,000,000,000 yen
- Treasury stock acquisition amount: 5,000,000,000 yen
- Payment date: September 18, 2026
AI要約
Background and purpose
This supplementary explanation conveys a capital policy framework that combines the issuance of a convertible bond with stock acquisition rights (Euro-Yen CB-type) and accompanying treasury stock acquisition to secure growth investment funds and improve capital efficiency. It aims to strengthen production capabilities for the capacitor and NECST businesses while enhancing shareholder returns and mitigating dilution. The design includes a 130% conversion cap and a cash-settlement provision to limit dilution and encourage conversion only in favorable stock price environments.
Use of funds and implementation plan
Funds raised amount to about 22 billion yen, with about 5 billion yen allocated to expanding production of conductive polymer hybrid aluminum electrolytic capacitors, about 7 billion yen to strengthen production capabilities for large-diameter aluminum electrolytic capacitors, about 5 billion yen for NECST factory buildings and equipment investments, and about 5 billion yen for treasury stock acquisition. Treasury stock acquisition is slated to commence the day following the resolution date.
Nichicon Corporation
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