#StockDisposal

The Company resolved to dispose of 630,000 shares of common stock (0.99% of the total issued shares) by third-party allotment at 1 yen per share in conjunction with the establishment of the General Incorporated Foundation TSI Fashion Future Foundation. The disposal date is undecided and is subject to the approval of the General Meeting of Shareholders on May 22, 2026.

On April 10, 2026, SEEC Inc. disposed of 11,764 shares of treasury stock as restricted stock compensation (total amount of disposal: 14,305,024 yen), and the payment procedure was completed.

On April 27, 2026, a resolution was passed to dispose of 16,281 shares of treasury stock as restricted stock compensation to directors, at a price of 3,935 yen per share, totaling 64,065,735 yen.

On May 8, 2026, 28,268 shares of treasury stock were disposed of and granted as restricted stock compensation totaling 96,224,272 yen to 12 directors and officers.

Execution of disposal of 1,800,000 treasury shares, share offering of 270,000 shares, and third-party allotment of 270,000 shares to raise up to approximately 26.92 billion yen. Funds are planned to be allocated to capital expenditures including the construction of the Nagaoka Sixth Plant.

On April 28, 2026, 6,699 shares of treasury stock (totaling ¥30,446,955) will be disposed of as restricted stock compensation to seven executive officers.

On April 3, 2026, HIOKI E.E. Corporation disposed of 10,415 treasury shares at 7,550 yen per share, totaling 78,633,250 yen, to four directors, completing the payment procedures.

On April 2, 2026, 634,600 shares of treasury stock were disposed of to the employees' shareholding association at 1,855 yen per share, totaling 1,177,183,000 yen, with some changes in the number of shares and total amount.

Announced a partial correction regarding the disposal of 40,440 shares of treasury stock (disposal price 949.5 yen per share, total 38,397,779 yen) as restricted stock compensation to five directors on April 17, 2026.

On April 1, 2026, 1,935,800 shares of treasury stock were disposed of to the group employee shareholding association at ¥1,645.5 per share, totaling ¥3,185,358,900. The number of shares disposed decreased from the initially planned 2,029,900 shares due to partial lapse.

On April 28, 2026, 35,701 shares of treasury stock (totaling 126,274,437 yen) were disposed of as restricted stock compensation to subsidiary directors and executive officers.

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.