Implementation of Off-Exchange Share Sale | Aiming to Improve Liquidity and Distribution

Overview of the Sale

Tokei Denki Co., Ltd. will conduct an off-exchange share sale of 600,000 shares on May 15, 2026. The sale price is ¥3,933, with a maximum purchase limit of 5,000 shares per individual. The goal is to improve liquidity and distribution of shares, and the sale will be conducted on the Tokyo Stock Exchange. The calculation reference date is May 14, 2026, with a reference price of ¥4,075 and a discount rate of 3.48％.

Impact on Shareholders and Future Outlook

This share sale aims to increase liquidity and correct distribution bias of shares. While some funds will be diverted due to the sale, the strategy targets long-term shareholder value enhancement. Post-implementation, the dilution of shares is expected to be limited, and investors can anticipate improved liquidity. The company will continue to pursue appropriate capital policies to maximize shareholder value.