NTN Corporation adjusts conversion price of convertible bonds

NTN Corporation [TSE:6472] has announced an adjustment to the conversion price of its Zero Coupon Convertible Bonds due 2025, effective April 1, 2025. The adjustment results from the payment of an extraordinary dividend, defined under Condition 5.2.4 of the bond terms. The decision follows the approval of the annual total dividend for the fiscal year ending March 31, 2025, which was approved at the 126th Annual General Meeting of Shareholders on June 25, 2025. The annual total dividend will be JPY11 per share, inclusive of both an interim and year-end dividend of JPY5.5 each. As a result of this dividend payment, the conversion price has been adjusted from JPY339.5 to JPY338.1.