Notice of Conversion Price Adjustment for 2028 Maturity Euro-Yen Denominated Convertible Bonds

Summary of Financial Results and Capital Policy

Tokyu Corporation determined a final dividend of 16.0 yen and an annual dividend of 30.0 yen for the fiscal year ending March 2026 at the shareholders' meeting in June 2026. Simultaneously, the company adjusted the conversion prices of Euro-Yen denominated convertible bonds with maturities in 2028 and 2030. The adjustments became effective from April 1, 2026, resulting in adjusted conversion prices of 2,093.4 yen and 2,003.7 yen respectively. These adjustments ensure that bond terms are aligned with the increased dividends and are part of the company's capital policy initiatives.

Impact on Shareholders and Future Outlook

The adjustment of the conversion prices may lead to changes in the conversion conditions, potentially affecting share dilution. The adjustments were made in response to increased dividends and reflect the company's focus on shareholder return as part of its capital policy. Going forward, the company will continue to make appropriate adjustments based on capital policy and funding circumstances, aiming to enhance corporate value and maximize shareholder value.