Notice of Disposal of Treasury Stock under Restricted Stock Compensation Plan

Overview of Capital Policy

NAC will dispose of 89,331 common shares at 497 yen per share on July 24, 2026, based on the restricted stock compensation plan. This system was introduced to promote mid- to long-term corporate value enhancement and shareholder value sharing among directors and employees, with the disposed shares being subject to transfer restrictions. The disposal will be based on market stock prices and will include directors and employees as allotted recipients. The purpose of the disposal is to provide incentives and improve shareholder value.

Impact on Shareholders and Future Outlook

This share disposal does not dilute existing shares and is conducted as part of the incentive scheme. The impact on shareholder value is expected to be limited, supporting the company’s mid- to long-term growth strategy. Details of the scheme include transfer restriction periods, conditions for解除, and provisions for free acquisition, with ongoing efforts to motivate employees and directors and sustain corporate value enhancement.