Maruwa Holdings issues new bonds, repurchases existing debt to strengthen finances

AZ-COM MARUWA Holdings Inc. announced its unaudited financial results for the three months ended June 30, 2025. Net sales increased by 11.2% year-on-year to JPY 55,246 million, with operating profit up 65.8% to JPY 3,076 million and profit attributable to owners of parent increasing by 63.8% to JPY 2,003 million. The company's full-year consolidated earnings forecast for March 31, 2026, remains unchanged.

Concurrently, Maruwa Holdings decided to issue Euro-Yen Convertible Bonds with Stock Acquisition Rights due 2030, totaling JPY 22.0 billion. The proceeds will primarily be used to repurchase up to JPY 20.0 billion of existing Euro-Yen Convertible Bonds due 2025 by the end of September 2025, with any unallocated portion used for redemption by December 2025. Remaining funds will be allocated to material handling equipment for large logistics centers by March 2026.

This financial restructuring aims to reduce funding costs and extend debt maturity. Mizuho International plc will act as the sole dealer-manager for the repurchase of the 2025 bonds, which will be canceled upon acquisition. Neither Mizuho Securities nor Mizuho International plc intends to exercise stock acquisition rights or voting rights related to the repurchased bonds.