Share Buyback of Restricted Stock-based Compensation｜July 21, 2026

Overview of Capital Policy

Shuppin, based on its restricted stock-based compensation scheme introduced in 2018, grants monetary compensation rights and common shares to targeted directors. In this case, on August 21, 2026, 9,124 shares of treasury stock will be disposed of at 1,096 yen to strengthen mid- to long-term incentives as part of the scheme. The disposal will be executed by resolution of the Board of Directors, with allocation of shares and setting of transfer restriction periods.

Impact on Shareholders and Future Outlook

This share buyback aims to share shareholder value and provide incentives, with limited dilution of shares. The transfer restriction period is from August 21, 2026, to August 21, 2029, and restrictions will be lifted depending on the employment status of targeted directors. Going forward, the company aims to operate the scheme to enhance shareholder value, ensuring stable management and fostering sustainable growth over the medium to long term.