Marui Group Fixes ¥3,231 Conversion Price for Its 2031 Euro-Yen Convertible Bond

Marui Group has fixed the initial conversion price for its euro-yen convertible bond due 2031 at ¥3,231, closing out a pricing mechanism the retailer and financial-services group had left open when it first disclosed the offering. The board approved the bond, formally a convertible bond with acquisition clauses, on August 24, 2026, for offer in overseas markets centered on Europe and Asia, explicitly excluding the United States.

The correction matters because of what it replaces. In the original extraordinary report, Marui said the conversion price would be set later by its president and an authorized agent, based on investor demand and other market conditions, with one floor: the price could not fall below the closing price of Marui's common stock on the date the underwriting agreement was signed. The amended report, submitted August 25, 2026, drops that formula entirely and states the price is ¥3,231. That single number now fixes how much Marui stock each bond could convert into, rather than leaving it to be set later based on investor demand and market conditions.

Marui filed a second, related correction the same day: an amended corporate-bond shelf registration statement that formally incorporates the corrected extraordinary report as a reference document. The underlying shelf program was filed in September 2025 and runs through September 2027.

The filings do not disclose the total size of the euro-yen convertible bond offering, its coupon, the exact 2031 redemption date, or the underwriters involved. This is a pricing and cross-reference correction, not a fresh account of the deal's scale. Readers looking for the offering's dilution size or yield will need a fuller announcement from Marui; what's now on the public record is the fixed conversion price and the shelf program it references.