Share Buyback of Restricted Stock Compensation | June 2026

Overview of Capital Policy

KOA Corporation will sell 15,900 shares of treasury stock at 2,930 yen per share on July 21, 2026. This sale is conducted under the Restricted Stock Compensation System, allocating shares to 8 directors and 6 executive officers as stock-based compensation, totaling approximately 46.58 million yen. The sale is carried out at a fair price based on the market stock price, with the transfer restriction period set to match the tenure of the directors. The purpose of the sale is to incentivize directors and enhance corporate value.

Impact on Shareholders and Future Outlook

The impact of this treasury stock disposal on shareholder dilution is expected to be limited. It is implemented as part of the stock-based compensation system for directors, aiming for long-term enhancement of corporate value. Conditions for解除 of transfer restrictions are set during the restriction period, such as upon director retirement or organizational restructuring, to prevent harm to shareholder interests. Continued efforts to improve shareholder value are anticipated.