Mizuno Corporation
Notice Regarding Issuance of Euro Yen-Denominated Convertible Bonds with Acquisition Clause Maturing in 2031
Mizuno Corporation will issue convertible bonds with share acquisition rights maturing in 2031 totaling 10 billion yen in face value, allocating approximately 3 billion yen for share buyback.
Key Figures
- Convertible Bonds with Share Acquisition Rights Issuance Amount: 10 billion yen
- Planned Share Buyback Amount: Approximately 3 billion yen (to be executed by the end of August 2026)
- Uses of Raised Funds: Directly operated store capital investments approximately 2.95 billion yen, IT capital investments approximately 3 billion yen, distribution channel expansion and other capital investments approximately 1 billion yen
AI要約
Overview of Capital Policy
Mizuno Corporation has resolved to issue Euro Yen-denominated convertible bonds with acquisition clauses maturing in 2031 totaling 10 billion yen. These convertible bonds with share acquisition rights will be zero-coupon with no interest payments, and the conversion price is set above market price to mitigate share dilution. Approximately 3 billion yen of the net proceeds will be allocated to share buyback, aiming to improve capital efficiency and strengthen shareholder returns.
Use of Raised Funds and Future Outlook
The approximately 9.95 billion yen raised will be allocated as follows: about 2.95 billion yen for new store openings and renovations of directly operated stores, about 3 billion yen for IT infrastructure investments such as e-commerce platform development, about 1 billion yen for distribution channel expansion and production capacity enhancement, and about 3 billion yen for share buyback. This strategy seeks to balance capital investments supporting business growth with improved capital efficiency, aiming to enhance brand strength and expand earnings.
