Notice Regarding the Determination of Matters Related to Share Buyback and Cancellation of Treasury Stock (Share Buyback Based on Articles of Incorporation pursuant to Article 459, Paragraph 1 of the Companies Act and Cancellation of Treasury Stock Based on Article 178 of the Companies Act)

Overview of Capital Policy

JVC Kenwood Corporation regards the stable return of profits and securing management resources for growth as key priorities and has set a policy to implement shareholder returns targeting a total shareholder return ratio of 30-40%. As part of shareholder returns for the fiscal year ending March 2026, the Company has resolved to acquire and cancel treasury shares. Specifically, between February 4, 2026 and April 30, 2026, the Company will purchase treasury shares on the market up to a maximum of 3,000,000 shares and 3 billion yen, and promptly cancel all acquired shares. As a result, the total shareholder return ratio for the current fiscal year is expected to be approximately 36%, including the dividend forecast (annual 18 yen).

Impact on Shareholders and Future Outlook

Through the acquisition and cancellation of treasury shares, the number of outstanding shares will decrease, with approximately 1.8% of shares expected to be canceled. This is anticipated to enhance per-share value. Furthermore, the approximately 5 billion yen share buyback conducted in November 2025 was aimed at short-term share supply and demand adjustment and is not included in the current total shareholder return ratio. Detailed information will be disclosed again after the cancellation date and the number of shares acquired are determined.