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

Overview of Treasury Stock Disposal

Shizuoka Gas Co., Ltd. disposed of 53,190 treasury shares as restricted stock compensation on April 20, 2026, and the payment procedures have been completed. The disposal price was ¥1,514 per share, with a total disposal amount of ¥80,529,660. The recipients were three directors excluding outside directors, receiving 25,000 shares, and nine executive officers, receiving 28,190 shares. For details, please refer to the related notice dated March 26, 2026.

Impact on Shareholders

This case involves the disposal of treasury stock as restricted stock compensation and does not directly cause dilution of existing shareholders' interests. The disposed shares are utilized as part of officer remuneration, aiming to strengthen incentives for directors and executive officers. It is not for fundraising purposes, and the impact on capital policy is considered limited.