Notice Regarding Status of Share Buyback (Buyback of Treasury Stock Based on Provisions of Article 459, Paragraph 1 of the Companies Act)

Overview of Capital Policy

Hoshizaki Corporation is conducting share buybacks in accordance with the resolution of the Board of Directors dated February 13, 2026, pursuant to Article 459, Paragraph 1 of the Companies Act and Article 34 of the Articles of Incorporation. From March 1 to March 31, 2026, the company acquired 998,100 shares of its common stock on the Tokyo Stock Exchange through market purchases, totaling ¥5,001,699,288. Consequently, the cumulative number of shares acquired is 1,286,100 shares, with a total acquisition cost of ¥6,572,941,987. The maximum number of shares available for buyback is 8,000,000 shares, the upper limit of acquisition cost is ¥30,000,000,000, and the acquisition period runs from February 17 to November 30, 2026.

Impact on Shareholders and Future Outlook

This share buyback assumes acquiring up to 5.6% of the total number of issued shares excluding treasury stock and is implemented as part of shareholder returns. The acquisition method is market purchase, aimed at improving capital efficiency and enhancing shareholder value. The company intends to continue share buybacks within the scope approved by the Board of Directors, demonstrating a stable capital policy to shareholders.