【Hokkaido Electric Power】Adjustment of Conversion Price for Euro-Yen Convertible Bonds｜June 2026

Overview of Financial Results and Capital Policy

Hokkaido Electric Power's 102nd Annual General Shareholders Meeting held on June 25, 2026, approved a surplus dividend of 17 yen per share. Consequently, the conversion price for Euro-Yen denominated convertible bonds applicable from April 1, 2026, was adjusted, decreasing from 1,353.0 yen to 1,332.4 yen. The reason for this adjustment is due to the approval of the surplus dividend proposal.

Impact on Shareholders and Future Outlook

This adjustment of the conversion price affects the bond's conversion terms and may lead to dilution of shares and changes in capital structure. The lowered conversion price is expected to promote the conversion of bonds into equity. Hokkaido Electric Power continues to aim for stable management and enhancement of shareholder value through its capital policies and financial strategies.