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

Overview of Treasury Stock Disposal

Based on the Board of Directors resolution dated March 25, 2026, Earth Corporation disposed of 71,700 shares of treasury stock as restricted stock compensation. The disposal price was ¥4,760 per share, with a total disposal amount of ¥341,292,000. The shares were allocated to five directors (excluding outside directors), five executive officers with titles, twenty-six executive officers without director status, and fifteen directors of subsidiaries, assigned 27,500 shares, 13,000 shares, 12,800 shares, and 18,400 shares respectively. The payment date was April 24, 2026, and payment procedures have been completed.

Impact on Shareholders and Future Outlook

This treasury stock disposal was conducted as restricted stock compensation, primarily aimed at providing incentives to executives and officers of subsidiaries. The number of shares disposed is 71,700; however, the impact relative to the total number of issued shares is not stated in the materials and remains unclear. The purpose of funds procurement is payment of compensation, and the impact on the company's capital policy is considered limited. It is possible that treasury stock disposals via similar compensation programs will continue in the future.