Notice Regarding the Resolution on Matters Concerning Share Buyback (Buyback of Treasury Stock Based on the Provisions of Article 165, Paragraph 2 of the Companies Act)

Overview of Capital Policy

At the board meeting held on February 26, 2026, Mizuno Corporation resolved matters concerning the share buyback pursuant to Article 165, Paragraph 3 of the Companies Act. The target for acquisition is the company's common stock, with an upper limit of 800,000 shares (equivalent to 1.04% of the total shares outstanding) and a maximum total acquisition amount of 3 billion yen. The acquisition period spans from February 27, 2026, to August 31, 2026, and will be executed through market purchases on the Tokyo Stock Exchange. This initiative aims to improve capital efficiency and enhance per-share value, as well as to mitigate short-term effects on share supply and demand caused by the issuance of convertible bonds with stock acquisition rights.

Impact on Shareholders and Future Outlook

The share buyback will reduce the number of shares outstanding, potentially increasing the value per share. As of January 31, 2026, the company held 2,950,584 treasury shares, and the addition of the planned 800,000 shares will increase total treasury shares held. Part of the acquisition funds will be allocated to the funds raised from the issuance of Euro-yen denominated convertible bonds with acquisition clauses maturing in 2031, resolved on the same day. This measure targets enhancing corporate value from both financing and capital efficiency perspectives.