Notice of Adjustment to the Conversion Price of the 2029 Maturity Euro-Yen Convertible Bonds

Overview of the Content

This document is a notice regarding the adjustment of the conversion price for the Euro-Yen convertible bonds maturing in 2029 issued by Infronia Holdings. At the board of directors meeting held on May 8, 2026, a proposal for a surplus distribution dividend of 90 yen per share was approved, leading to an adjustment of the conversion price accordingly. The conversion price was initially 1,722.8 yen, but following the adjustment, it is now 1,660.4 yen, effective from April 1, 2026. The adjustment includes provisions based on the closing stock price.

Impact on Shareholders and Outlook

This adjustment is based on the bond’s conversion conditions and is expected to have a limited direct impact on shareholder dilution and capital structure. Future adjustments or changes to bond terms may occur as part of financing and capital policy strategies. Investors should monitor future interest rate trends and share price movements to understand the implications for the company's capital policy and financial strategy.