Kobe Steel, Ltd.
Notice Regarding Adjustment to Conversion Price of Euro-Yen Convertible Bonds with Stock Acquisition Rights Maturing 2028 and Euro-Yen Convertible Bonds with Stock Acquisition Rights Maturing 2030
Following approval at the board of directors meeting held on November 10, 2026, an interim dividend of 40 yen per share was resolved, prompting adjustment of the conversion prices for the convertible bonds with stock acquisition rights maturing in 2028 and 2030. The effective dates are on or after October 1, 2026.
Key Figures
- Pre-adjustment conversion price (maturing 2028) 2,173.4 yen → Post-adjustment 2,130.5 yen
- Pre-adjustment conversion price (maturing 2030) 2,079.1 yen → Post-adjustment 2,038.0 yen
- Effective date: On or after October 1, 2026
AI要約
Notification of Adjustment to Conversion Price of Convertible Bonds with Stock Acquisition Rights
This notice informs that, following the implementation of the interim dividend of 40 yen approved at the board of directors meeting held on November 10, 2026, the conversion prices of the Euro-yen denominated convertible bonds with stock acquisition rights maturing in 2028 and 2030 have been adjusted. The effective date is on or after October 1, 2026. The conversion prices changed from 2,173.4 yen to 2,130.5 yen (maturing 2028) and from 2,079.1 yen to 2,038.0 yen (maturing 2030).
Background and Future Impact
Adjustments to conversion terms due to the interim dividend are important disclosures that may affect existing bondholders and shareholders. The specific financial impact is stated as "Unknown," and precise effects on conversion ratios and dilution require further disclosure. Continued monitoring of subsequent disclosures is necessary.
Kobe Steel, Ltd.
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