Nagoya Railroad Co., Ltd. [9048.T]
TOKYO, Jun 25 (Pulse News Wire) – Nagoya Railroad Co., Ltd. (9048.NG) adjusted the conversion prices for its Euro-yen convertible bonds due in 2033 and 2034.
The adjustments were made effective from April 1, 2026, following approval of the final dividend payout for the fiscal year ending March 2026. For the 2033 maturity bond, the conversion price was changed from ¥2,051 to ¥2,005.
Similarly, the conversion price for the 2034 maturity bond was revised from ¥2,012 to ¥1,967. These changes reflect the approved dividend distribution of ¥40 per share for the fiscal year ending March 2026, leading to a total annual dividend of ¥40 per share.
Further details on the bonds can be found in previous announcements dated May 30, 2024, and May 31, 2024, which outlined the issuance and conditions of the convertible bonds.
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