On June 23, 2026, an adjustment to the conversion price of convertible bonds was carried out in conjunction with an increase in dividends. The adjustment applies from April 1, 2026, onward, resulting in the conversion price decreasing for bonds maturing in 2029 and 2031 respectively.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5401","jir_company_name":"Nippon Steel Corporation","jir_importance":"\u2605\u2605\u2606\u2606\u2606","jir_publication_date":"2026-06-23","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/06\/5401-20260623-01.pdf","jir_short_summary":"On June 23, 2026, an adjustment to the conversion price of convertible bonds was carried out in conjunction with an increase in dividends. The adjustment applies from April 1, 2026, onward, resulting in the conversion price decreasing for bonds maturing in 2029 and 2031 respectively.","jir_summary":"### Overview of the Adjustment Details\nNippon Steel Corporation approved a surplus dividend of 12 yen per common share at the shareholders\u2019 meeting held on June 23, 2026. Consequently, the conversion prices of the Euro-yen convertible bonds maturing in 2029 and 2031 were adjusted. The adjustments, effective from April 1, 2026, resulted in the new conversion prices of 716.9 yen and 723.5 yen respectively, both lower than prior to adjustment. This change alters the conditions for converting bonds into shares, potentially impacting investors.\n\n### Future Impact and Outlook\nThis adjustment is linked to the dividend increase and indicates a strategic move to strengthen shareholder returns as part of capital policy. The lowered conversion prices may facilitate the conversion of bonds into shares, raising the possibility of future share dilution and changing funding costs. Nippon Steel aims to enhance shareholder value through ongoing capital policies and financial strategies.","jir_financial_highlights":"Adjustment of the conversion price for Euro-yen bonds maturing in 2029: 716.9 yen (Adjusted from 730.3 yen before adjustment to 716.9 yen after adjustment)\nAdjustment of the conversion price for Euro-yen bonds maturing in 2031: 723.5 yen (Adjusted from 737.0 yen before adjustment to 723.5 yen after adjustment)\nDividend: 12 yen (Approved at the 102nd Ordinary General Meeting of Shareholders)","jir_category":"","jir_hashtags":"#NipponSteel, #IR, #JapaneseStocks","jir_key_figures":"Adjusted conversion price (2029): 716.9 yen\nAdjusted conversion price (2031): 723.5 yen\nDividend: 12 yen","jir_meta_title":"\u3010Nippon Steel\u3011Dividend Review and Bond Adjustment\uff5cJune 2026","jir_meta_description":"Nippon Steel announced an increase in dividends and adjustments to the conversion prices of bonds maturing in 2029 and 2031 on June 23, 2026. This information is crucial for investment decisions.","jir_og_title":"\u3010Nippon Steel\u3011Dividend Review and Bond Adjustment\uff5cJune 2026","jir_og_description":"Nippon Steel has implemented an increase in dividends and adjustments to bond conversion prices. An important development in the company's capital policy for investors.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6897,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-67588","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n