Share Buyback with Transfer Restrictions | July 24, 2026

Overview of Capital Policy

Buffalo Inc. has introduced a share reward scheme with transfer restrictions for directors and will dispose of 22,700 shares of treasury stock on July 24, 2026. This disposal involves granting the company's common stock to directors as compensation without any monetary or property contribution. The disposition amount is calculated based on the recent Tokyo Stock Exchange stock price of 2,471 yen, amounting to 56,091,700 yen. The transfer restrictions are set during the service period of the targeted directors and are conditioned to be解除ed after the period ends, with restrictions continuing during the service period and解除 being contingent upon ongoing service and organizational reorganization.

Impact on Shareholders and Future Outlook

This disposal aims to strengthen director incentives and sustainably enhance corporate value. The transfer restriction period is set between 3 to 5 years, and条件 for解除 are applied during the directors' service and organizational restructuring. Consequently, shareholder dilution is limited, and the transaction is expected to contribute to long-term corporate value enhancement.