[Marugane Showa Transportation] Share Buyback and Executive Incentives | July 2026

Overview of the Disposal

Marugane Showa Transportation will dispose of 6,000 shares of treasury stock at 44,940,000 yen as part of the restricted stock compensation program aimed at incentivizing directors and enhancing corporate value. The disposal will be conducted on August 12, 2026, targeting four directors and seventeen executive officers. The shares are managed during the transfer restriction period and will be released upon meeting certain conditions.

Impact on Shareholders and Future Outlook

The current share buyback is aimed at improving executive incentives, and the dilution of shares is expected to be limited. The disposal price has been set based on the market stock price, as part of a strategy to sustainably increase corporate value. The company will continue to promote capital policies aligned with its growth strategy to maximize shareholder value.