Conversion Price Adjustment of the 2028 Maturity Euro-Yen Denominated Convertible Bonds｜May 2026

Performance Overview

This material concerns the adjustment of the conversion price of the 2028 maturity Euro-Yen denominated convertible bonds with acquisition rights issued by OBARA GROUP Corporation. It reports that, following approval of the interim dividend proposal at the Board of Directors meeting on May 8, 2026, the conversion price has been adjusted. The before-adjustment conversion price was 3,858.4 yen, but it has been changed to 3,808.7 yen after adjustment. The effective date is set to be from April 1, 2026.

Impact on Shareholders and Future Outlook

This adjustment is due to an increase in the interim dividend, which could affect the value of the convertible bonds for shareholders. The lowered conversion price after adjustment makes the conversion conditions more favorable for bondholders, so investors should pay attention to future dividend policies and bond conversion statuses. It is expected that the bond condition adjustments will take effect from the effective date.