Jan. 19, 2026Marubeni Corporation
On January 19, 2026, Marubeni Corporation (hereinafter, “Marubeni”) entered into a subordinated loan agreement (hereinafter, the “Loan”) totaling 100 billion yen.
The Loan was implemented as a concrete measure based on Marubeni’s financial strategy to maintain financial soundness over the medium to long term. The main use of the proceeds will be repayment of hybrid bonds (subordinated debt) issued on March 4, 2021.
The Loan has features of both equity and debt. While it will not cause dilution to stockholders because of its debt aspects, it contains attributes and features resembling equity, such as an optional deferral of interest payments, extremely long-term repayment, and subordination in liquidation or bankruptcy proceedings. Therefore, it is expected that rating agencies (Japan Credit Rating Agency, Ltd., Rating and Investment Information, Inc., Moody's Japan K.K., and S&P Global Ratings Japan Inc.) will regard 50% of the funds raised through the Loan as equity for the purposes of their ratings.
Under its Mid-Term Management Strategy GC2027, Marubeni has set a clear target of achieving a market capitalization exceeding 10 trillion yen by FYE 3/2031. Marubeni will continue to pursue the enhancement of corporate value by maintaining financial soundness through disciplined capital allocation, while improving and optimizing the quality of its business portfolio.
