【Shindengen Electric】Completion of Share Buyback with Restricted Stock Compensation｜July 2026

Overview of Capital Policy

Shindengen Electric conducted the disposal of treasury stock based on the resolution of the Board of Directors held on June 26, 2026, as part of its restricted stock compensation program. Through this disposal, 8,733 common shares were disposed of, raising a total of 36,503,940 yen. The disposal was executed at 4,180 yen per share, and the recipients were 4 directors and 9 executive officers. The disposal date was July 24, 2026, which may lead to changes in treasury stock holdings and shareholder composition.

Impact on Shareholders and Future Outlook

This disposal of treasury stock is believed to aim at enhancing shareholder value and strengthening incentives for employees and officers through stock options. Although detailed information on the post-disposal treasury stock status and potential dilution effects has not been provided, it may contribute to improved capital efficiency and strengthened financial position. Future measures under capital policy are expected to focus on shareholder returns and further capital efficiency improvements.