【Kyosha】Share Buyback Completion | July 24, 2026

Overview of Capital Policy

Kyosha implemented the disposal of treasury stock as restricted stock as per the board of directors' resolution on June 26, 2026, completing the payment process on July 24, 2026. Through this transaction, 6,000 common shares were issued to four directors at 392 yen per share, totaling 2,352,000 yen. This disposal of treasury stock marks the completion of this share buyback and is considered a measure aimed at enhancing shareholder value and providing incentives to directors, as part of the company's capital policy.

Impact on Shareholders and Future Outlook

While the share buyback temporarily affects the number of issued shares and shareholder composition, specific dilution rates and detailed future capital policy plans remain unclear. Kyosha is expected to continue promoting shareholder returns and improving capital efficiency, implementing appropriate capital strategies. Investors should pay attention to the company's capital policy developments and shareholder return policies.