Toho Holdings adjusts bond conversion price after interim dividend approval

Toho Holdings Co., Ltd. has adjusted the conversion price of its Zero Coupon Convertible Bonds due 2028 from ¥2,767.1 to ¥2,760.1, effective October 1, 2025. This adjustment follows the board of directors' approval on November 12, 2025, of a proposal for an interim dividend of ¥45 per share, as detailed in the company's financial results for the six months ended September 30, 2025.

The interim dividend of ¥45.00 per share contributes to the projected annual dividend of ¥90.00 for the fiscal year ending March 31, 2026, which includes a forecast year-end dividend of ¥45.00. The adjustment aligns with Condition 5.2.4 of the terms and conditions of the bonds. For the six months ended September 30, 2025, Toho Holdings reported net sales of ¥767,899 million, operating profit of ¥7,258 million, and profit attributable to owners of parent of ¥6,244 million, reflecting a 16.0% increase year-on-year. The company confirmed no changes to its full-year consolidated financial forecast for March 31, 2026, which anticipates net sales of ¥1,572,000 million and profit attributable to owners of parent of ¥15,700 million.