Notice of Abolition of the Large-Scale Buyback Policy | May 2026

Abolition of the Policy

Kokuyo Co., Ltd. resolved at the Board of Directors meeting to abolish its policy for responding to large-scale buyback actions (defense measures against takeovers), approved at the General Meeting of Shareholders in June 2023, upon the conclusion of the General Meeting scheduled for June 24, 2026. This decision was made based on considerations of social and economic conditions and dialogues with shareholders, which led to the conclusion that the current plan's necessity has diminished. The company also indicated that it will continue to take appropriate measures based on laws and regulations as necessary.

Future Response and Impact on Shareholders

Even after the abolition, the company states it will provide appropriate information and measures if large-scale buyback actions that impair corporate value or shareholder interests occur. Shareholders can continue to expect proper corporate governance and information disclosure, but it is important to note that the company's response policy to buyback actions may change due to the abolition of the defense measures.