Disposition of Treasury Stock with Transfer Restrictions | July 22, 2026

Summary of Disposal

Metawater will dispose of 25,400 treasury shares on July 22, 2026, raising a total of ¥89,789,000. This is based on a transfer-restricted stock compensation plan, aimed at providing incentives to directors and executives, with the disposal price set at ¥3,535 per share based on market stock prices. The disposal will be conducted through Nomura Securities' management account, with transfer restrictions continuing until the director or executive retires or resigns, after which the shares will be acquired free of charge.

Purpose and Impact

This disposal aims to enhance motivation among directors and executives and to sustain corporate value growth. It is executed as part of the company's capital policy. The dilution effect from this disposal is expected to be limited, with minimal direct impact on shareholder value. Going forward, the company intends to promote long-term growth through its incentive systems for officers.