【Yakult】Resolution to Acquire and Cancel Treasury Stock｜May 2026

Overview of Capital Policy

Yakult, by a resolution at the Board of Directors meeting on May 12, 2026, decided to acquire treasury stock and cancel all shares acquired. The acquisition amount is set at 55 billion yen, with a maximum of 26,500,000 shares to be purchased. The acquisition period is from June 19, 2026, to March 16, 2027, and will be carried out through market purchases. This aims to prevent stock dilution and improve capital efficiency. All acquired shares will be canceled, with the cancellation scheduled for March 26, 2027.

Shareholder Returns and Future Outlook

Yakult aims to acquire over 100 billion yen of treasury stock cumulatively during its medium-term management plan period from 2025 to 2030. With this additional acquisition, the treasury stock acquisition amount for fiscal 2026 is expected to total 67 billion yen. The company will continue to prioritize capital efficiency and shareholder returns, promoting appropriate capital policies. To enhance long-term corporate value, details and policies regarding capital strategy will be announced as appropriate.