Notice Regarding Adjustment to the Conversion Price of Euro-Denominated Convertible Bonds with Stock Acquisition Rights

Key Points

SBI Holdings, Inc. announced that, following a board resolution held on November 2, 2026, it approved an interim dividend of 30 yen per share from retained earnings, and consequently adjusted the conversion price of its Euro-denominated convertible bonds with stock acquisition rights maturing in 2031. The conversion price was reduced from 2,284.0 yen before adjustment to 2,261.8 yen after adjustment, with the effective date on or after October 1, 2026.

Impact and Background

This conversion price adjustment follows the provisions related to the payment of retained earnings dividends and changes the conversion terms for existing holders of the convertible bonds. The specific impact on the value of conversion rights and dilution depends on the detailed conversion provisions, but the adjustment is disclosed as a correction aligned with the market value of the shares. Market activity after the effective date should be monitored.