Kasumigaseki Capital adjusts convertible bond price after share issuance

Kasumigaseki Capital Co., Ltd. announced on December 10, 2025, an adjustment to the conversion price of its euro-yen convertible bonds with stock acquisition rights due in 2029. The conversion price will decrease from JPY 8,488.2 to JPY 8,448.9.

This adjustment, effective from December 11, 2025, is a direct result of a new share issuance. Based on a board of directors resolution dated October 24, 2025, the company issued 691,500 new shares with a payment due date of December 10, 2025.

The issue price per share for these new shares was below the market price specified in the terms and conditions of the 2029 euro-yen convertible bonds, triggering the conversion price adjustment clause. This ensures the conversion price is updated in accordance with the established provisions for such bonds.