JVCKENWOOD announces bond issuance and share repurchase

JVCKENWOOD Corporation announced plans to issue 30 billion yen in Zero Coupon Convertible Bonds due 2030, following a Board of Directors resolution on November 13, 2025. This issuance aims to secure low-cost funds for future M&A, product development, and capital expenditures, accelerating growth towards its next medium-term management plan starting April 2026. The bonds will mature on December 2, 2030, with a 0% coupon and an issue price of 100.0%.

The net proceeds from the bonds will be allocated as follows: approximately 15 billion yen for M&A to expand the Communications Systems and Overseas OEM Businesses by March 2028; approximately 10 billion yen for capital expenditures and product development in the Safety & Security and Mobility & Telematics Services sectors by March 2029; and approximately 5 billion yen for a share repurchase program by December 2025.

Concurrently, JVCKENWOOD approved a share repurchase of up to 5,000,000 common shares, representing approximately 3.39% of total issued shares, at a maximum cost of 5 billion yen. This repurchase will occur between November 14, 2025, and December 23, 2025, primarily via market purchase on the Tokyo Stock Exchange. An initial off-auction repurchase of 3,513,700 shares totaling 4,999,995,100 yen is scheduled for November 14, 2025, at the November 13, 2025 closing price of 1,423 yen.