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EXEDY Draws ¥28.4bn From a ¥30bn Bond Shelf in a Two-Tranche Sale

EXEDY Corporation's first bond sale under a March 2025 shelf program combines ¥13.9bn of five-year debt and ¥14.5bn of 10-year debt, using nearly all of the ¥30bn it registered to raise before the program lapses in April 2027.

Jul 9, 20261 min readEXEDY Corporation7278
Illustration of two stacked bond ledger documents representing a five-year and a ten-year corporate bond tranche next to an abstract yen ledger sheet.

EXEDY Corporation filed a shelf registration supplement with the Kinki Local Finance Bureau on July 9, 2026, setting the terms of its first bond sale under a shelf program the company registered in March 2025. The sale splits into two unsecured tranches: ¥13.9bn of five-year notes, the company's 5th unsecured bond series, and ¥14.5bn of 10-year notes, the 6th series, for a combined ¥28.4bn.

Bond Tranche Breakdown
Source: EXEDY Corporation shelf registration supplement, filed July 9, 2026.
SeriesMaturityAmount
5th Unsecured Bonds5-year¥13.9bn
6th Unsecured Bonds10-year¥14.5bn
Total¥28.4bn

The underlying shelf program, numbered 7-Kanto1, was filed on March 27, 2025 and took effect on April 4, 2025. It authorizes EXEDY to raise up to ¥30bn in bonds before the registration lapses on April 3, 2027. The filing's own record of past offerings under this shelf lists none before now, so the ¥28.4bn sale is the first bond issue executed under the program.

That leaves a thin margin against the ¥30bn ceiling. Any further unsecured bonds EXEDY wants to sell under this registration will have to fit inside whatever headroom remains once the ¥28.4bn issue is booked, and the clock on that registration runs out in April 2027.