#ConvertibleBonds

Mizuno Corporation will issue convertible bonds with share acquisition rights maturing in 2031 totaling 10 billion yen in face value, allocating approximately 3 billion yen for share buyback.

Nippon Steel Corporation will issue 300 billion yen each of Euro-Yen denominated convertible bonds with stock acquisition rights maturing in 2029 and 2031, with an expected potential stock dilution rate of 15.63%.

Nippon Steel plans to issue a total of 550 billion yen in convertible bonds with warrants maturing in 2029 and 2031. The raised funds will be allocated to repay the bridge loan for the acquisition of US Steel, aiming to reinforce the financial structure.

Adjusted the conversion price of the 2030 maturity Euro-Yen convertible bonds with acquisition clause from 2,096.0 yen to 2,069.4 yen. The effective date is December 1, 2025. Dividends were decided at 60 yen per share for the year-end and 88 yen annually.

On February 12, 2026, Mizuho Securities and MHI announced the possibility of purchasing up to 8.27% of voting rights equivalent in Hokkaido Electric Power's 2031 maturity Euro Yen convertible bonds with warrants.

The conversion prices of the 2028 and 2030 maturity Euro-Yen convertible bonds with warrants have been adjusted from 3,514.6 yen to 3,485.5 yen and from 3,448.1 yen to 3,419.6 yen respectively, following the dividend decision. The effective date is from January 1, 2026.

Hokkaido Electric Power will issue 40 billion yen in euro yen-denominated convertible bonds with stock acquisition rights due 2031, primarily to be allocated to gas business entry and next-generation energy investments.

FerroTec Corporation disclosed supplementary explanation materials concerning the 2028 maturity Euro Yen convertible bond with warrants issued on June 23, 2023 (issue amount: 25 billion yen), including details on the soft call clause and conversion price adjustment clause.

The purchase price of the 2028 maturity Euro Yen Convertible Bond with Stock Acquisition Rights was updated to Bloomberg ask price of 161.148% as of January 6, 2026, and a partial update was announced regarding the suspension of treasury stock cancellation.