Convano to Fully Redeem Its 2.5 Billion Yen Bonds Ahead of Schedule

Convano's Strategic Move: Full Redemption of Bonds

On August 24, 2026, Convano Inc., headquartered in Shibuya, Tokyo, made a significant decision during its board meeting to fully redeem its fourth series of corporate bonds amounting to 2.5 billion yen. The bonds were initially allocated entirely to Dimensional Co., with the purpose of funding additional bitcoin acquisitions. However, following a strategic shift, Convano opted to forgo further bitcoin purchases and has since completed the sale of its existing bitcoin holdings, thereby rendering the original purpose of the bonds obsolete.

Context of Bond Issuance

The fourth series of bonds was issued on September 2, 2025, specifically aimed at acquiring more bitcoin. At that time, Convano partnered with Dimensional Co. for a no-interest loan totalling 2.5 billion yen. Originally, these bonds had a redemption date set for December 31, 2025, which was later extended to December 31, 2026, due to mutual agreement between the two companies.

Conclusion of Bitcoin Treasury Strategy

Recently, Convano revised its policy regarding bitcoin holdings. The decision to halt further bitcoin acquisitions and sell off its remaining bitcoin—with the exception of those reserved for shareholder rewards and collateral—signified the end of its bitcoin treasury strategy. Consequently, Convano acknowledged that the necessity for the bonds had diminished, leading to the judgment that their role in financing was now complete.

Agreement for Early Redemption

Following the resolution to sell off bitcoin, Convano engaged in discussions with Dimensional on how to proceed with the bonds. The lack of a clear funding purpose prompted Convano to propose an early full redemption of the bonds using the funds obtained from the bitcoin sales, rather than waiting until the scheduled maturity date of December 31, 2026. Dimensional echoed the sentiment, noting the impracticality of continuing a no-interest funding arrangement, thus favoring a prompt return of funds without interest payments.

Following these discussions, both parties agreed on the lack of necessity and rationality for maintaining the bonds, culminating in the agreement to fully redeem them at the board meeting on August 24, 2026.

Funding for the Early Redemption

The early redemption will utilize part of the proceeds from the sale of bitcoin, which Convano had announced as completed on August 13, 2026. The process is being carried out in alignment with the initial intent of the bonds, which was to fund additional bitcoin acquisitions.

Minimal Financial Impact

Since these bonds were issued at a zero-interest rate (0.0% per annum), there are no interest payments incurred throughout the period from issuance to redemption. Thus, this early redemption will not affect the interest payments or create any burdens such as upfront or late charges. Moreover, the agreement for early redemption does not involve penalties or additional fees due to the consensual nature of the arrangement between Convano and Dimensional. Consequently, the financial impact of this redemption on Convano's consolidated results for the fiscal year ending March 2027 is expected to be minimal.

About Convano Inc.

Convano Inc. is driven by the corporate philosophy of "Creation Of New Value And New Opportunities," focusing on AI, digital transformation (DX), and consulting services to support business growth and transformation. The company leverages its extensive operational expertise and data utilization know-how to offer AI system development, DX initiatives, and management consulting across various business sectors, including a move into healthcare.

Additionally, Convano applies knowledge gained from its nail service chain, FASTNAIL, to provide practical solutions aimed at sustainable enhancement of corporate value.

For more information, visit Convano's Official Website.