[Nihon Reitech] Share Buyback and Employee Stock Grant System｜July 2026

Overview of the Disposal

Nihon Reitech's Board of Directors approved the disposal of restricted stock for directors and, on August 24, 2026, will dispose of 39,336 shares. The disposal price is 2,517 yen per share, totaling approximately 99 million yen. The purpose of the disposal is to incentivize directors and enhance corporate value through a stock grant system. The disposed shares are subject to a transfer restriction period during which transfer and collateralization are prohibited, and will be解除ed based on解除 conditions upon loss of directorship or organizational reorganization.

Impact on Shareholders and Investors and Future Outlook

This share buyback as part of an incentive scheme for directors is expected to have limited impact on shareholder value dilution. The disposal price is determined based on market share price, and shares are carefully managed in a designated account during the transfer restriction period. Going forward, the company will continue to promote sustainable corporate value improvement through performance-linked compensation and stock grants for directors.