Notice of Adjustment to Euro-Yen Convertible Bond Conversion Price as of June 25, 2026

Overview of the Adjustment

Maruwa Holdings approved a proposal at its 53rd Annual General Meeting held on June 25, 2026, to pay a year-end dividend of 16.00 yen per share. Accordingly, the conversion price of the Euro-Yen convertible bonds with stock acquisition rights applicable from April 1, 2026, was adjusted downward from 1,415.0 yen to 1,391.5 yen. This adjustment was made in accordance with the conversion price adjustment provisions based on the decision regarding the dividend.

Impact on Shareholders and Future Outlook

The adjustment of the conversion price affects the bond conversion terms and investor conditions for acquiring shares. The lowered conversion price facilitates easier conversion of bonds into shares but also involves the risk of shareholder dilution. The company plans to continue prioritizing shareholder returns and optimizing capital procurement as part of its capital policy.