June 21, 2022

Company Name

YAOKO CO., LTD.

Representative

Sumito Kawano, President and Representative Director

(Code:8279 TSE Prime Market)

Contact

Masanobu Kamiike, Senior Managing Director and Chief

Director of Business Management

(TEL +81-49-246-7000)

Notice Concerning Conversion Price Adjustment of Zero Coupon Convertible Bonds Due 2024

We hereby provide notice of the adjustment to the conversion price of Zero Coupon Convertible Bonds due 2024 issued by YAOKO CO., LTD. as follows:

1.

Adjustment of conversion price

Name of the securities

Pre-adjustment conversion price

Post-adjustment conversion

price

YAOKO CO., LTD.

Zero Coupon Convertible Bonds

6,044.80 yen

6,026.20 yen

due 2024

2.

Date of application

From April 1, 2022

3.

Reason for adjustment

At the 65th Ordinary General Meeting of Shareholders held on June 21, 2022, the proposal regarding appropriation of surplus for issuing the total dividend of 80.00 yen per share for the year ended March 31, 2022 was approved. As such, the Conversion Price was adjusted in accordance with the provisions for Zero Coupon Convertible Bonds due 2024.

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YAOKO Co. Ltd. published this content on 21 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2022 06:33:04 UTC.