{"id":93568,"date":"2026-08-03T17:10:20","date_gmt":"2026-08-03T08:10:20","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/8439-20260803-04_wp_capital_policy\/"},"modified":"2026-08-03T17:10:20","modified_gmt":"2026-08-03T08:10:20","slug":"8439-20260803-04_wp_capital_policy","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-8439\/ir\/8439-20260803-04_wp_capital_policy\/","title":{"rendered":"Announcement on the Fifth Public Offering Hybrid Bonds (subordinate special covenant) Issuance"},"content":{"rendered":"<p>Issuing 20 billion yen of unsecured bonds with a deferred interest and early redemption clause in public offering format (subordinate covenant). The purpose is to maintain financial soundness and diversify funding sources, supporting growth investments under the mid-term management plan 2030 for fiscal year 2026. Subsequent condition decisions will depend on market environment and will be promptly disclosed when decided.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8439","jir_company_name":"Tokyu Century Corporation","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-08-03","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/8439-20260803-04.pdf","jir_short_summary":"Issuing 20 billion yen of unsecured bonds with a deferred interest and early redemption clause in public offering format (subordinate covenant). The purpose is to maintain financial soundness and diversify funding sources, supporting growth investments under the mid-term management plan 2030 for fiscal year 2026. Subsequent condition decisions will depend on market environment and will be promptly disclosed when decided.","jir_summary":"### Overview\nTokyu Century will issue 20 billion yen of publicly offered hybrid bonds (subordinate covenant attached) to secure funds for advancing the mid-term plan 2030 and maintaining financial soundness. By obtaining capital-ness recognition as a hybrid financing instrument, it will support agile financial strategy and ensure liquidity. Early redemption conditions and other operations may be considered for refinancing through securities at a later date.\n\n### Outlook and impact\nWe plan to determine interest conditions while watching market conditions. Obtaining capital-ness recognition is expected to strengthen the group's overall funding capacity and contribute to reducing financial costs. After the first optional redemption date, the repayment policy will depend on financial indicators to determine whether to utilize refinancing securities.","jir_financial_highlights":"Total issue price: 200 \u5104\u5186 (\u4e0d\u660e)\nFeatures of the bonds: Subordinate covenant attached (\u4e0d\u660e)","jir_category":"","jir_hashtags":"#TokyuCentury, #CapitalPolicy, #JapaneseStocks","jir_key_figures":"Total issue price: 200 \u5104\u5186\nBond features: Subordinate covenant attached\nMid-term Management Plan 2030 growth investment: Total over 2 trillion yen (based on segment asset balances)","jir_meta_title":"\u3010Tokyu Century\u3011Decision to issue publicly offered hybrid bonds | 20 billion yen, aiming for capital recognition","jir_meta_description":"Tokyu Century issues publicly offered hybrid bonds totaling 20 billion yen to obtain capital recognition, maintain financial soundness, and accelerate growth investments under the mid-term plan 2030. Conditions will be decided based on market trends.","jir_og_title":"\u3010Tokyu Century\u3011Decision to issue publicly offered hybrid bonds","jir_og_description":"Issuing 20 billion yen of publicly offered hybrid bonds. Strengthening financial strategy by expecting capital-ness recognition. Future conditions depend on the market.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7560,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-93568","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Announcement on the Fifth Public Offering Hybrid Bonds (subordinate special covenant) Issuance - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-8439\/ir\/8439-20260803-04_wp_capital_policy\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-8439\/ir\/8439-20260803-04_wp_capital_policy\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-8439\/ir\/8439-20260803-04_wp_capital_policy\/\",\"name\":\"Announcement on the Fifth Public Offering Hybrid Bonds (subordinate special covenant) Issuance - 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