IDOM Launches First Corporate Bond for Individual Investors: Gulliver-IDOM Bond

IDOM Launches the Gulliver-IDOM Bond

The Japanese company IDOM, known for its used car operations under the Gulliver brand, has made a significant announcement regarding its upcoming issuance of corporate bonds targeting individual investors. This marks a milestone for IDOM as it ventures into the realm of individual investors with its inaugural bond offering, aptly named the "Gulliver-IDOM Bond."

Background of the Bond Issuance

Founded in 1994 as Gulliver International, IDOM has consistently driven innovation in the used car industry, focusing on customer perspective rather than adhering to industry norms. The company has expanded its footprint nationwide, operating approximately 430 directly-managed stores under the Gulliver brand as of August 2025. The transition to the IDOM name in 2016 symbolizes its commitment to transform the automotive distribution industry and seek new growth avenues. In line with this mission, IDOM has committed to becoming the “community vehicle shop that continues to color your life” by innovating vehicle distribution, thus enhancing its corporate value. Notably, in the fiscal year ending February 2025, IDOM expects to achieve the highest retail sales volume of used cars in its history.

Currently, IDOM's core strategy for increasing corporate value involves the aggressive establishment of large Gulliver stores equipped with service facilities. This initiative is designed not only to increase retail volumes but also to strengthen customer engagement through after-sales services, ultimately leading to a rise in repeat customers.

To finance these strategic initiatives, IDOM aims to diversify its funding sources and stabilize its capital costs through the issuance of corporate bonds, in addition to traditional bank loans. In 2024, the company plans to debut in the bond market with its first public bond offering targeted at institutional investors, and this new bond issuance for individual investors further broadens its investor base.

Key Features of the Gulliver-IDOM Bond

The Gulliver-IDOM Bond will be issued with the following specifications:
1. Bond Type: IDOM, Third Unsecured Bond (with special provisions granting equal ranking among specific bonds).
2. Total Issuance Amount: 1 billion yen.
3. Value per Bond: 100,000 yen.
4. Interest Rate (Tentative): Between 2.15% and 2.75% per annum, to be finalized on November 19, 2025.
5. Issue Price: 100 yen per bond.
6. Redemption Amount: 100 yen per bond.
7. Condition Determination Date: November 19, 2025.
8. Offering Period: From November 20 to December 3, 2025.
9. Payment Date: December 4, 2025.
10. Maturity Date: December 4, 2028 (3-year bond).
11. Interest Payment Dates: Twice a year on June 4 and December 4.
12. Lead Underwriter: SBI Securities Co., Ltd.
13. Bond Administrator: Mizuho Bank, Ltd.
14. Clearing Institution: Japan Securities Depository Center, Inc.
15. Expected Rating: BBB+ (Japan Credit Rating Agency).

This bond offering, managed exclusively by SBI Securities, represents a unique opportunity for individual investors to understand and participate in IDOM's mission and growth trajectory.

Conclusion

The Gulliver-IDOM Bond aims to reinforce investor relations while providing individuals with a chance to invest in a company with a substantial growth trajectory. Through this issuance, IDOM hopes to secure a broader base of investors, including both institutional and individual players, further solidifying its corporate value. For more detailed information about the bond offering, interested parties can refer to SBI Securities’ official website.

For inquiries regarding this information, please reach out to IDOM's Finance and IR Section at [email protected].