Completion of New Share Issuance with Transfer Restrictions | May 2026

Overview of Capital Policy

Based on the board resolution on April 24, 2026, the company issued new shares as share compensation with transfer restrictions, and the payment process has been completed. This issuance was made to seven directors and two executive officers, totaling 32,252 shares. The issue price was 1,085 yen per share, totaling 34,993,420 yen. This is considered part of a capital policy aimed at providing incentives to officers and securing human resources.

Impact on Shareholders and Future Outlook

The recent issuance of new shares was carried out as share compensation with transfer restrictions, with limited dilution expected for existing shareholders. There has been no increase in capital stock or capital reserves upon payment completion, and the direct impact on stock liquidity or share price is limited. The company will continue to enhance corporate value through incentive schemes for officers and employees, positioning this as part of its long-term growth strategy.