Nippon Konpo HD <9072> has rebounded. It announced the issuance of a 22 billion yen Euro-yen denominated convertible bond maturing in 2031. The conversion price is 2,090 yen, with an increase rate of 7.95% compared to the previous day's closing price. The ratio of potential shares is expected to be 8.45%. On the other hand, to mitigate the short-term impact on supply and demand, a share buyback of 7 billion yen in off-hours trading has also been announced. There is a predominantly positive reaction as it is expected to lead to improved capital efficiency. The funds raised through convertible bonds will be used for share buybacks as well as for repaying loans related to the acquisition of a U.S. subsidiary.