Notice Regarding Share Buyback, Tender Offer for Treasury Stock, Cancellation of Treasury Stock, and Borrowing of Funds

Overview of Share Buyback and Tender Offer

Kinden Corporation resolved at the Board of Directors meeting held on April 27, 2026, to conduct a share buyback and a tender offer for treasury stock. The number of shares planned for acquisition is 33,500,100 shares (equivalent to 16.92% of total outstanding shares), with an upper limit on the acquisition price of approximately 223.68 billion yen. The tender offer price was set at ¥6,677 per share, applying an 11% discount to the 3-month average closing price of ¥7,502 until April 24, 2026. The tender offer period is 21 business days from April 28 to June 1, 2026. The acquisition funds are planned to be procured through a ¥230 billion loan from Mizuho Bank, and the buyback will be conducted while maintaining financial soundness.

Cancellation of Treasury Stock and Capital Relationship with Kansai Electric Power

The acquired treasury stock is scheduled to be cancelled on June 30, 2026, contingent upon approval of the appropriation of reserves at the annual shareholders meeting held on the same day. This tender offer is related to the sale of some ordinary shares held by the major shareholder, Kansai Electric Power Group (33,500,000 shares), and the cooperative relationship with Kansai Electric Power will continue. Kansai Electric Power will maintain approximately 24.33% shareholding after the tender offer and will continue its partnership aimed at ensuring safe and stable electricity supply.