Notice Regarding the Resolution on Treasury Stock Acquisition (Based on the Provision of Article 459, Paragraph 1 of the Companies Act Regarding Treasury Stock Acquisition)

Overview of Capital Policy

Kewpie Corporation positions the sustainable enhancement of corporate value and appropriate profit distribution to shareholders as its most important management issues. Under the medium-term management plan from fiscal year 2025 to 2028, it aims to gradually increase the annual dividend per share to 54 yen or more and targets a total shareholder return ratio of over 50% over four years. This treasury stock acquisition is intended to execute an agile capital policy and improve capital efficiency. Of the previously resolved treasury stock acquisition up to 24,000 million yen on July 3, 2025, 18,814 million yen had been acquired by the end of December 2025. This new treasury stock acquisition up to 10,000 million yen will now commence.

Impact on Shareholders and Future Outlook

The acquisition target is common shares of the Company, with an acquisition limit of 4,000,000 shares (2.87% of the total issued shares). Acquisition method is market purchase on the Tokyo Stock Exchange, with a period from January 15 to November 30, 2026. This aims to improve capital efficiency and enhance shareholder value. Going forward, the Company will continue to enhance corporate value and shareholder returns through optimal allocation of management resources and strengthening of the financial base. As of November 30, 2025, the number of treasury shares held was 2,326,558 shares.