Share Buyback of Restricted Stock Compensation Completed｜July 2026

Outline of the Disposal

Based on the Board of Directors resolution dated July 10, 2026, Tokyo Steel announced the disposal of 14,810 shares of treasury stock held as restricted stock compensation at an issue price of 1,910 yen per share, with payment procedures completed on July 31, 2026. The total disposal amount was 28,287,100 yen, and the recipients included a total of 12 directors and executive officers. This disposal was conducted as part of an incentive scheme for directors and officers, and was implemented as part of the company’s capital policy.

Impact on Shareholders and Future Outlook

Since this share buyback did not result in share dilution, the direct impact on shareholder value is considered to be limited. The company will continue to prioritize shareholder returns and capital efficiency, while promoting appropriate capital policies. Ongoing measures are under consideration as part of the remuneration system for directors and officers, which is expected to provide a stable management foundation and strengthen the incentive system for shareholders.