Completion of Share Buyback with Restricted Stock Compensation | July 2026

Overview of Capital Policy

Sato Watanabe completed the disposal of treasury stock as restricted stock compensation resolved at the Board of Directors meeting on June 25, 2026, on July 24, 2026. The disposal involved 12,517 common shares at ¥1,803 per share, totaling ¥22,568,151. The recipients were 4 directors and 5 executive officers, who each disposed of 8,466 and 4,051 shares respectively.

Impact on Shareholders and Future Outlook

The recent disposal of treasury stock is expected to have a limited dilutive impact on the total issued shares. The purpose of the disposal is presumed to be shareholder return and incentivization of officers, but specific details regarding fund usage and future share policies are unknown. Continued attention to capital policy developments is necessary.