Notice of Completion of Payment for Disposal of Treasury Stock as Restricted Stock Compensation

Overview of Treasury Stock Disposal

Kokuyo Co., Ltd., based on a board resolution by written consent dated March 31, 2026, disposed of 77,008 shares of treasury stock as restricted stock compensation, with payment procedures completed on April 15, 2026. The disposal price was 835.9 yen per share, totaling 64,370,980 yen. The scheduled allotment recipients include 7 directors receiving 13,923 shares, 2 executive officers receiving 21,101 shares, and 10 executive board members receiving 41,984 shares.

Impact on Shareholders and Management

This disposal is part of the restricted stock compensation plan, allocating treasury stock as an incentive to directors and executive officers. It is expected to enhance management's commitment to increasing corporate value; however, any dilution effect due to the increase in shares is not described in the document and remains unknown.