Notice Regarding Share Buyback with Restricted Stock Terms

Details of the Disposal and Its Purpose

Belluna resolved to dispose of 27,740 shares of treasury stock at 1,069 yen per share on August 21, 2026, and to allocate shares to 8 directors and 4 auditors as part of the restricted stock compensation system. The disposal will be conducted through the contribution in kind of monetary compensation claims, with the aim of enhancing shareholder incentives and continuously improving corporate value. The restriction period on transfer is from August 21, 2026, to August 20, 2029, and provisions are made for unregistered transfer or free acquisition of shares if the target individuals resign or are otherwise removed.

Impact on Shareholders and Future Outlook

The impact of this treasury stock disposal on shareholder dilution is considered limited. The disposal price is deemed appropriate based on market stock prices, aiming to prevent harm to shareholder value. The company also intends to continue incentivizing directors and auditors to promote sustainable growth and enhance shareholder value. Close monitoring of the disposal details and system operations, along with ongoing attention to corporate management strategies, is planned.