Komori
Share Issuance and Disposal5401NIPPON STEEL CORPORATIONIron & Steel, Nonferrous Metals

Notice Regarding the Adjustment of the Conversion Prices of the Euro-Yen Convertible Bonds with Stock Acquisition Rights Due 2029 and the Euro-Yen Convertible Bonds with Stock Acquisition Rights Due 2031

The conversion prices of the already-issued bonds due 2029 and bonds due 2031 were reduced following the resolution on the year-end dividend. The conversion price of the bonds due 2029 will be adjusted from ¥730.3 to ¥716.9, and that of the bonds due 2031 from ¥737.0 to ¥723.5.

Worth reading
48Recurring
Scored from 2 of 5 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
13.4
Yen (reduction in the conversion price per share for the bonds due 2029; the bonds due 2031 were reduced by ¥13.5)
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Terms of the stock acquisition rights
Exercise price
Bonds due 2029: ¥730.3 before adjustment and ¥716.9 after adjustment. Bonds due 2031: ¥737.0 before adjustment and ¥723.5 after adjustment. Floor under the adjustment provisions: Not disclosed
Details of issuance or disposal
ItemDetails
Exercise priceBonds due 2029: ¥730.3 before adjustment and ¥716.9 after adjustment. Bonds due 2031: ¥737.0 before adjustment and ¥723.5 after adjustment. Floor under the adjustment provisions: Not disclosed
Items this document does not state (27)
Type of issuance or disposalNumber of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offeringImpact on Business Performance

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

At the 102nd Annual General Meeting of Shareholders held on 23 June 2026, the proposal to pay a year-end dividend of ¥12 per common share was approved, triggering the conversion price adjustment provisions for each series of convertible bonds with stock acquisition rights.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Adjustment of the Conversion Prices of the Euro-Yen Convertible Bonds with Stock Acquisition Rights Due 2029 and the Euro-Yen Convertible Bonds with Stock Acquisition Rights Due 2031 | NIPPON STEEL CORPORATION (5401) timely disclosure | Komori