Notice regarding stock split, partial amendment to the Articles of Incorporation accompanying the stock split, adjustment of the conversion price of convertible bond-type bonds with warrants, and revision of the year-end dividend forecast along with changes to the dividend policy

Overview

At today's Board of Directors meeting, a stock split and a partial amendment to the Articles of Incorporation accompanying the split were resolved. The split will divide one share into two, with the record date set for September 30, 2026 and the effective date for October 1, 2026. Authorized shares will expand from 46,000,000,000 to 92,000,000,000. The amendment to the Articles of Incorporation will also take effect on the same date. The conversion price of the convertible bonds will be adjusted in line with the split, with the conversion price for the 2031-maturity bonds changing from 4,486.2 yen to 2,243.1 yen.

Dividend policy and mid-to-long term impact

The year-end dividend forecast has been revised to reflect the split ratio, and for the fiscal year ending March 2027, the dividend is shown as 20 yen on a pre-split basis. The dividend policy, based on a capital allocation framework, aims to balance growth investments and financial discipline, maintaining a target payout ratio of 20% while continuing a progressive dividend. The current annual dividend of 20 yen remains a baseline, with the post-split review having no material impact.