Notice Regarding the Resolution on Matters Concerning Share Buyback (Share Buyback Based on the Provisions of Article 459, Paragraph 1, Item 1 of the Companies Act)

Summary of Capital Policy

At the Board of Directors meeting held on February 12, 2026, Yamazen Corporation resolved, based on the provisions of Article 459, Paragraph 1, Item 1 of the Companies Act, to acquire treasury stock. The purpose of the acquisition is to execute a flexible capital policy responding to changes in the business environment, improve capital efficiency, enhance shareholder returns, and mitigate the impact on share supply and demand caused by the conversion of convertible bonds with stock acquisition rights. The acquisition target is common stock, with an upper limit of 13,000,000 shares (15.18% of the total issued shares), and the total acquisition amount is capped at 15 billion yen. The acquisition period is from March 4, 2026, to March 3, 2027, and the acquisition method will be market purchases on the Tokyo Stock Exchange.

Impact on Shareholders and Other Matters

The share buyback may increase the ratio of treasury shares to outstanding shares, which is expected to improve capital efficiency and enhance shareholder returns. As of December 31, 2025, the number of treasury shares held was 9,656,881 shares. Shares held by the officers' stock benefit trusts and stock benefit trusts are not included in treasury shares. Other necessary matters concerning the acquisition are delegated to the President and Representative Director. Some or all of the acquisition may not be executed depending on market conditions.