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Park24 Lowers Conversion Price on 2028 Zero Coupon Convertible Bonds After Extraordinary Dividend

Story Highlights
  • Park24 will cut the conversion price on its 2028 zero coupon convertible bonds to ¥2,433.7 per share.
  • The conversion price adjustment reflects an extraordinary dividend tied to a ¥30 year-end payout approved by shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Park24 Lowers Conversion Price on 2028 Zero Coupon Convertible Bonds After Extraordinary Dividend

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The latest announcement is out from Park24 Co ( (JP:4666) ).

Park24 Co., Ltd. has adjusted the conversion price of its Zero Coupon Convertible Bonds due 2028 from ¥2,471 to ¥2,433.7 per share, with the new price becoming effective on November 1, 2025. The adjustment is triggered by the payment of an extraordinary dividend stemming from a year-end dividend of ¥30 per share approved at the shareholders’ meeting on January 29, 2026, a move that slightly enhances the value of the conversion option for bondholders while reflecting the company’s decision to return additional cash to shareholders.

The most recent analyst rating on (JP:4666) stock is a Buy with a Yen2557.00 price target. To see the full list of analyst forecasts on Park24 Co stock, see the JP:4666 Stock Forecast page.

More about Park24 Co

Park24 Co., Ltd. is a Japan-based company listed on the Prime Market of the Tokyo Stock Exchange that operates in the parking and mobility services sector, including parking facilities and related services, with a focus on urban transportation and infrastructure solutions.

Average Trading Volume: 1,040,277

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen386.3B

Find detailed analytics on 4666 stock on TipRanks’ Stock Analysis page.

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