Notice of Conversion Price Adjustment for the 2031 Maturity Euro Yen Convertible Bond with Terms of Conversion

Overview of Financial Results and Capital Policy

Nikkon Holdings announced that at the Board of Directors meeting held on May 8, 2026, it approved a proposal for a surplus dividend of 38 yen per share and executed an adjustment of the conversion price of its convertible bonds accordingly. The conversion price before adjustment was 2,042.2 yen, and after adjustment, it is 2,021.9 yen, applicable from April 1, 2026. This adjustment was made to reflect the increase in dividends and may influence future capital policies and financial strategies.

Impact on Shareholders and Future Outlook

This adjustment to the conversion price constitutes a modification of the existing convertible bond terms and could affect share dilution and financial burden. Investors need to consider the exercise conditions of the conversion rights and the risk of stock dilution. Going forward, the Company is expected to continue monitoring dividend policies and capital strategies to maintain a balance between financial stability and shareholder returns.