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Overview of Capital Policy

The Company has adopted a performance-linked stock compensation plan introduced in 2018, where target directors and executive officers provide monetary compensation claims as in-kind contributions and are granted shares. The current disposal of treasury stock is part of this scheme, with 8,392 shares to be disposed of at 1,418 yen on August 14, 2026. The purpose of this disposal is to enhance directors' awareness of increasing corporate value and promote shared value with shareholders. The disposal price has been determined based on market stock prices and has been judged appropriate by the Audit and Supervisory Committee.

Impact on Shareholders and Future Outlook

This disposal does not involve share dilution and aims to improve corporate value through the sale of treasury stock, so there is no direct impact on shareholders' ownership ratios. Going forward, the Company intends to continue enhancing corporate value through its executive compensation systems and implement appropriate capital policies in response to market trends and financial performance. For investors, strengthening management incentives and the Company's efforts to increase corporate value are key points.