Takashimaya Company, Limited
Notice Regarding the Decision on the Purchase and Cancellation of the 2028 Maturity Euro Yen Convertible Bonds with Warrants and the Postponement of Treasury Stock Cancellation
Takashimaya Company, Limited has decided to purchase in full the 60 billion yen 2028 maturity Euro Yen convertible bonds with warrants and to cancel them on February 20, 2026, while postponing the cancellation of treasury stock (10,357,400 shares).
Key Figures
- Total face value of convertible bonds with warrants subject to purchase: 60 billion yen
- Number of treasury stock shares for which cancellation is postponed: 10,357,400 shares
- Scheduled purchase and cancellation date: 2026-02-20
AI要約
Overview of the Purchase and Cancellation of the Convertible Bonds with Warrants
At the board meeting held on January 6, 2026, Takashimaya Company, Limited resolved to purchase in full the 2028 maturity Euro Yen convertible bonds with warrants (total face value of 60 billion yen) and to cancel them on February 20, 2026. The purchase price will be set at the CB price plus adjustment amount, a 3% purchase premium, and an additional 1% premium for early applicants. This purchase is part of strengthening shareholder returns, aiming to eliminate concerns about share dilution from conversion and to enhance the stock price over the medium to long term.
Postponement of Treasury Stock Cancellation and Future Outlook
The planned cancellation of treasury stock (10,357,400 shares) scheduled for January 15, 2026, has been postponed in consideration of the possibility that bondholders may choose to convert in relation to the purchase of the convertible bonds with warrants. This is for capital policy reasons to allocate treasury stock for ordinary shares delivered upon conversion. Rapid cancellation of remaining treasury stock after the completion of the purchase is under consideration, but no decisions have been made at this time.
