#Japan #Tokyo #IDOM #Debut Debt #DEALWATCH 2024

IDOM Achieves Honor at DEALWATCH AWARDS 2024

In a noteworthy achievement for the automotive industry, IDOM, the company renowned for its used car service "Gulliver," has been awarded the prestigious title of "Debut Debt Deal of the Year" in the bond category at the DEALWATCH AWARDS 2024. This recognition reinforces IDOM's foray into the bond market, which is a pioneering step for a used car retail company. The award ceremony was organized by the London Stock Exchange Group's DealWatch, which has been instrumental in promoting and expanding Japan-related capital markets since its establishment in 1995.

The DEALWATCH AWARDS are designed to acknowledge firms that contribute significantly to the Japanese capital market, evaluating criteria such as proper pricing in issuance markets, price formation post-transition to secondary markets, and innovation in capital market development. The 2024 awards comprised six categories: Comprehensive, Bonds, Local Bonds, Cross-border Bonds, Sustainable Finance, and Equity. Candidates proposed by underwriting securities firms and institutional investors were assessed by the DealWatch editorial team to determine the final award recipients.

IDOM's distinct approach to entering the bond market as a used car retail company was met with skepticism due to previous issues within the industry. However, through strategic investor relations (IR) efforts and an appealing investment level, IDOM managed to acquire significant interest among investors, ultimately leading to substantial oversubscription for its bond offerings. This successful bond issuance garnered significant praise and contributed to IDOM's receipt of the award.

The company acknowledges that despite the negative perceptions surrounding the industry due to previous scandals, their transparent communication and dedication to investor engagement effectively overturned these challenges.

Looking forward, IDOM is committed to fortifying its financial strategies while deepening its dialogue with the market. The aim is to ensure sustainable growth and continued contributions to the broader economic landscape. IDOM's executive leadership, including President Takao Hatori (center in the award-winning photo) and CFO Ryo Nishibata (second from the left), is focused on navigating future challenges and seizing opportunities in the evolving financial environment.

The company's goal remains clear: to leverage its bond market success as a stepping stone toward enduring expansion and innovation in the used car sector and beyond.

For inquiries regarding this announcement, contact IDOM's Public Relations Unit via email at [email protected].