Bushiroad : to Conduct Share Split, Partially Amend AOI and Adjust Conversion Price for First Series of Unsecured Convertible Bonds

August 13, 2021

Bushiroad to Conduct Share Split, Partially Amend AOI and Adjust Conversion Price for

First Series of Unsecured Convertible Bonds

Name	Bushiroad Inc. (Securities Code: 7803)
Overview	Bushiroad resolved at its board of directors' meeting to conduct a
	share split.
Purpose	The purpose is to create an environment in which investors can
	invest more easily by reducing the price per investment unit as well
	as enhance share liquidity and expand the investor base.
Method	A 2-for-1 share split will be conducted with regard to the shares held
	by shareholders recorded in the final shareholder registry on
	September 30, 2021
Change in number of	Number of shares issued and	16,532,400
shares due to share	outstanding before the split
split
Number of shares to be increased	16,532,400
	by the split
	Number of shares issued and	33,064,800
	outstanding after the split
Schedule of share split	Date of public notice for the	September 15, 2021 (planned)
	record date
	Record date			September 30, 2021 (planned)
	Effective date			October 1, 2021 (planned)
Adjustment of	Name		Before adjustment	After Adjustment
execution price of stock
First series of stock	150 yen		75 yen
options	options
	Second series of stock	1,200 yen		600 yen
	options
Adjustment of	Maximum	Maximum	Minimum	Minimum
conversion price of first	conversion price	conversion price	conversion price	conversion price
series of unsecured	before adjustment	after adjustment	before adjustment	after adjustment
convertible bonds
5,000 yen	2,500 yen	1,290 yen	645 yen
Partial amendment to	With the share	split, Bushiroad	will change	the number of
Articles of	authorized shares by amending Article 6 of the Articles of
Incorporation	Incorporation. The effective date of the amendment will be October
	1, 2021.
Inquiry	Toshiyuki Muraoka
	Mail: [e-mail]
	URL: www.bushiroad.co.jp/en/

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