【Takashimaya】Notice of Adjustment to Conversion Price of Euro-Yen Denominated Convertible Bonds Maturing in 2028 | May 2026

Overview of the Adjustment

Takashimaya has adjusted the conversion price of its Euro-Yen denominated convertible bonds maturing in 2028 from 1,066.1 yen to 1,056.3 yen, based on the resolution passed at the shareholders' meeting on May 26, 2026. This adjustment was made in conjunction with the approval of the proposal for the disposition of retained earnings amounting to 17.00 yen per share, and it will be effective from March 1, 2026. The convertible bonds with warrants that have been exercised are already converted into ordinary shares.

Future Outlook and Investor Impact

The recent adjustment to the conversion price is a modification of existing bond terms and does not directly impact Takashimaya's financial status or performance. However, the approval of increased dividends and retained earnings disposition suggests an enhanced shareholder return policy. Investors should monitor the details of the bond adjustment and shareholder return strategies.