Source disclosure: February 20, 2026
AMIYA Corporation [4258.T]
TOKYO — AMIYA Corporation (Code: 4258, Tokyo Stock Exchange Growth Market), led by President Akira Ishida, announced on February 20, 2026, that it has finalized the conditions of its issuance of the first tranche of unsecured convertible bonds with attached warrant rights and third tranche of warrants. The company made this decision based on resolutions from its board meeting held on February 12, 2026.
The issuance of these securities is part of an equity financing strategy utilizing treasury shares to raise capital through a private placement. The terms of both the convertible bonds and the warrants were determined during a board meeting on February 20, 2026.
Specifically, AMIYA plans to issue 40 units of convertible bonds totaling ¥375 million, each unit having a face value of ¥100,000. Each bond will come with four new warrant rights, allowing conversion into ordinary shares at a price of ¥3,226 per share. In addition, the company intends to issue 3,200 individual warrants, each priced at ¥2,767, which can be exercised to receive 100 ordinary shares each at the same conversion price. These transactions aim to raise a total of ¥2.54 billion in funds.
Regarding the allocation of shares upon exercise of the warrants or conversion of the bonds, AMIYA primarily intends to utilize its existing treasury stock, currently holding 619,796 shares as of the announcement date. However, if there is any shortfall in the number of treasury shares required for delivery, the company may undertake additional measures such as acquiring more treasury shares or issuing new shares to ensure sufficient supply.
AMIYA also noted that the issuance of these securities includes various covenants and restrictions designed to protect the interests of the investor. For instance, the investment firm Syntres Capital PIPEs Investment Limited Partnership No. 1, which is set to acquire the securities, agreed not to convert the bonds or exercise the warrants within one year after the payment date without prior consent from AMIYA. Furthermore, under certain circumstances, such as significant changes in the company's financial health or organizational structure, the partnership could request early repayment of the bonds or purchase of the warrants back from the company.
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