Completion of Share Buyback with Restricted Stock Compensation | July 2026

Overview of Capital Policy

I.F. Industry sold 14,200 shares of treasury stock as restricted stock compensation at 2,060 yen per share on July 23, 2026, raising a total of 29.25 million yen. The sale was conducted with four directors (excluding directors who are Audit & Supervisory Committee members and outside directors), and it was carried out as part of its capital policy to manage treasury shares.

Future Outlook and Impact on Shareholders

This share buyback is expected to improve capital efficiency and enhance employee incentives. The total number of issued shares does not change due to the sale, and the direct dilution of shareholder value is considered limited. The company will continue to appropriately manage its shares as part of its capital policy with the aim of maximizing shareholder value.