Notice Concerning the Resolution on Treasury Stock Acquisition (Acquisition of Treasury Stock Based on the Provisions of Article 165, Paragraph 2 of the Companies Act)

Overview of Capital Policy

M-Up Holdings, Inc. resolved to acquire treasury stock aiming to realize agile capital policies responding to changes in the business environment, enhancing shareholder returns, and improving capital efficiency. The target shares are the company's common shares, with an upper limit of 1,450,000 shares (2.0% of the total issued shares). The total acquisition price is capped at 1 billion yen. The acquisition period is from February 24, 2026, to July 31, 2026, and the acquisition method will be market purchases on the Tokyo Stock Exchange.

Impact and Current Status for Shareholders

As of January 1, 2026, the total number of issued shares excluding treasury stock was 70,935,672 shares, and the number of treasury stock held was 2,057,104 shares. With this treasury stock acquisition, the proportion of treasury stock to the total issued shares is expected to increase, improving capital efficiency and strengthening shareholder returns. The exact number of shares acquired and acquisition price may fluctuate depending on market conditions, so ongoing monitoring is required.