#EmployeeStockOwnership

On November 20, 2026, Sanwa Holdings plans to dispose of up to 53,500 shares of treasury stock to the Employee Stock Ownership Association at 3,537 yen per share, totaling approximately 189.22 million yen, by third-party allotment.

The number of treasury shares disposed decreased from 108,300 shares to 103,700 shares, and the total disposal amount changed from 311,795,700 yen to 298,552,300 yen. Payment procedures were completed on March 16, 2026.

On April 24, 2026, 30,300 shares of treasury stock will be disposed to the employee stock ownership plan at 6,420 yen per share, totaling 194,526,000 yen. The dilution rate is 0.17%, indicating minimal market impact.

On August 10, 2026, 504,300 shares of treasury stock will be disposed of to the employee stock ownership plan at 4,790 yen per share, totaling approximately 2,415,597,000 yen. The dilution rate is about 1.08%.

Disposed of 64,430 shares of treasury stock at 2,655 yen per share, with a total disposal amount of 171,061,650 yen. The number of shares disposed and the total amount were adjusted downward due to partial forfeiture.

On February 27, 2026, 33,250 shares of treasury stock will be disposed of to the employee stock ownership association at 1,501 yen per share, totaling 49,908,250 yen. The dilution rate is 0.08%.