Notice of Completion of Share Buyback by Gerbera Holdings

Overview of the Tender Offer

Gerbera Holdings conducted a public tender offer for Metal Art shares from May 15, 2026, and concluded it on July 28. The planned purchase amount was 1,825,640 shares, but the number of applications was only 721,295 shares, and therefore the buyback was not carried out. The purchase price was 7,713 Yen per share, and because the number of applications did not meet the minimum of 849,600 shares, the buyback was not implemented.

Future Policies and Impact on Investors

Although the tender offer was not successful due to insufficient applications, Gerbera Holdings has not disclosed details regarding its future capital policy or strategies. For investors, the failure to carry out the buyback means there is no direct impact such as share dilution or price fluctuation; however, it remains important to monitor Metal Art's business developments and share situation.