Adjustment of Conversion Price
| Name of issue |
Conversion price
prior to the adjustment |
Conversion price
after the adjustment |
| Zero Coupon Convertible Bonds due 2021 |
\810.1 |
\802.8 |
Effective date
As of April 1, 2020
Reason for the Adjustment
Adjustment of Conversion Price pursuant to Condition 5.2.4 of the terms and conditions of the Bonds due to the distribution of an Extraordinary Dividend (as defined in such Condition 5.2.4) resulting from payment of a dividend of ¥16 per Share (aggregate in respect of the fiscal year ended March 31, 2020). The payment of such dividend was approved at the general meeting of our shareholders on June 23, 2020.
