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    7342   JP3155360005

WEALTHNAVI INC.

(7342)
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WealthNavi : Notice of Early and Full Redemption of Convertible Bonds with Stock Acquisition Rights and Financing through a Subordinated Loan

11/17/2021 | 06:12pm EST

Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

November 18, 2021

To whom it may concern:

Company Name: WealthNavi Inc.

Representative: Kazuhisa Shibayama, Representative Director and CEO

(Code Number: 7342 Tokyo Stock Exchange Mothers)

Inquiries: Gaku Hirose, Director, CFO (TEL03-6632-4911)

Notice of Early and Full Redemption of Convertible Bonds with Stock Acquisition Rights

and Financing through a Subordinated Loan

WealthNavi Inc. (the "Company") announced that its Board of Directors resolved to early redeem the convertible bonds with stock acquisition rights as well as to finance through a subordinated loan on November 18, 2021. The details are as follows.

1. Summary of early redemption of the convertible bonds

WealthNavi Inc. Series I Unsecured Subordinated Convertible Bonds with

Name of the Bonds

Stock Acquisition Rights (JPY 500,000,000)

and Amounts

WealthNavi Inc. Series II Unsecured Subordinated Convertible Bonds with

Stock Acquisition Rights (JPY 500,000,000)

Holder of the Bonds

SBI Securities Co., Ltd.

Redemption Price

JPY 100 per JPY 100 in face value

Date of Early

November 30, 2021

Redemption

Through discussions with SBI Securities Co., Ltd., the Company decided to

Reason for Early

early redeem the entire outstanding of its convertible bonds with stock

Redemption

acquisition rights considering the Company's financial outlook as well as

elimination of dilutive common shares

2. Summary of the subordinated loan

Lender

MUFG Bank, Ltd.

Total Loan Amount

JPY 1,500,000,000

Drawdown Date

November 30, 2021

Maturity Date

November 30, 2026

Objectives of the

To further strengthen financial stability without potential dilution of shares

This loan will be qualified as the supplementary item under the current

Loan

applicable capital adequacy requirements

Collateral and

None

Guarantee

3. Outlook

No material impact is anticipated on the Company's financial results.

1

Disclaimer

WealthNavi Inc. published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 23:11:05 UTC.


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Sales 2021 4 642 M 40,3 M 40,3 M
Net income 2021 -315 M -2,74 M -2,74 M
Net cash 2021 8 349 M 72,4 M 72,4 M
P/E ratio 2021 -214x
Yield 2021 -
Capitalization 69 120 M 600 M 600 M
EV / Sales 2021 13,1x
EV / Sales 2022 8,51x
Nbr of Employees 91
Free-Float 72,7%
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Mean consensus -
Number of Analysts 0
Last Close Price 1 471,00 
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Managers and Directors
Kazuhisa Shibayama Chief Executive Officer & Representative Director
Gaku Hirose Chief Financial Officer & Director
Ken Okamoto Chief Technology Officer & Executive Officer
Sumito Togo Independent Director
Shinsuke Mitsui Chief Marketing Officer & Executive Officer
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