【Shiseido】Share Buyback Based on Long-Term Incentive Program｜May 2026

Overview of the Disposal

Shiseido will dispose of 63,911 shares of treasury stock on June 15, 2026, based on its long-term incentive compensation scheme. The disposal price is 2,986.5 yen per share, totaling approximately ¥190.87 million. The targets are the reward recipients for FY2023 and FY2024, and the disposal will be implemented by granting monetary compensation rights and contributing in kind. The system is performance-linked, where the number of shares issued and the amount of cash paid are determined based on the achievement level of evaluation indicators. The disposal is conditional on the effective filing of the securities registration statement, and the dilution rate is minimal at 0.02％.

Purpose of the Disposal and Future Outlook

This share buyback aims to create long-term corporate value and motivate executives and employees. The system provides shares and cash based on performance indicators during the evaluation period, encouraging employees’ commitment to enhancing corporate value. The funds raised through the disposal are expected to be utilized for future business investments and shareholder returns. As part of the company's capital policy, dilution has been minimized, positioning this as a measure to support sustainable growth.