[NGK] Implementation of Share Buyback for Employee Shareholding Associations | May 2026

Overview of the Disposal

Based on the board resolution dated May 21, 2026, NGK plans to allocate 66,630 shares of treasury stock as transfer-restricted stock for the employee shareholding association and will dispose of them via third-party allotment for a total amount of approximately 360 million yen. The disposal is scheduled for July 29, 2026, with a set price of 5,456 yen per share, resulting in a very low share dilution of 0.02%. The purpose of the scheme is to improve employee welfare and incentivize corporate value enhancement.

Impact on Shareholders and Future Outlook

This disposal aims to support employee asset formation and sustainably enhance corporate value, with very limited impact on the market due to minimal share dilution. The transaction is part of the scheme and is designed to minimize damage to shareholder value. The company will continue to promote sustainable growth through employee incentive schemes.