Source disclosure: February 26, 2026, 23:00 JST
Mizuno Corporation [8022.T]
TOKYO, Feb 26 (Pulse News Wire) -- Mizuno Corporation (8022.T), led by President Akito Mizuno, announced on Sunday that it has finalized the issuance conditions for its Euro-yen convertible bonds due in 2031. The decision was made during a board meeting held on February 26, 2026. These bonds come with attached warrants and conversion options, collectively referred to as "convertible bond-linked warrant securities."
The company plans to issue these securities with a total principal amount of ¥100 billion. Each bond will have an initial conversion price set at ¥4,981 per share, which represents a premium of approximately 22.99% over the closing stock price of ¥4,050 reported on the Tokyo Stock Exchange on the same day. Upon exercise of the warrants, shareholders will receive shares equivalent to the face value of the bonds they hold.
The new securities will be exercisable between April 1, 2026, and March 17, 2031, subject to certain restrictions. For instance, during periods when the company repurchases the bonds or undergoes significant organizational changes, the exercise period may be shortened. Additionally, there are blackout windows around key corporate events such as mergers and acquisitions, where exercising warrants is prohibited.
Furthermore, the potential dilution impact of this financing round is estimated to increase the ratio of outstanding warrants to the current number of issued shares (excluding treasury stocks) by 2.61%. This calculation assumes all warrants are exercised at their initial conversion price.
Contact for inquiries regarding this announcement is Executive Officer and Chief Financial Officer Yoshinori Murakami, who can be reached at TEL 06-6614-8465. It should be noted that this press release does not constitute an offer to sell nor a solicitation of offers to buy any security in Japan or elsewhere, including the United States, unless registered under the U.S. Securities Act of 1933 or exempted from registration. No offering of these securities will take place in the U.S., and no registration will occur under said act.
For more detailed information, please refer to the company's press release dated February 26, 2026, titled "Announcement Regarding Issuance of 2031 Due Euro-Yen Callable Convertible Bond Linked Warrants."
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