[Internet Initiative Japan] Share Buyback and Incentive Scheme Revision | May 2026

Overview of the Disposal

Internet Initiative Japan will dispose of 68,111 shares of treasury stock on June 15, 2026, at a price of 3,064 yen per share, raising a total of approximately 209 million yen. The recipients of the disposal are officers and officers of subsidiaries, conditioned upon the effective filing of a securities registration statement under the Financial Instruments and Exchange Act. The purpose of the disposal is to revise the incentive scheme aimed at achieving the medium-term management plan and to enhance shareholder value. The scheme revision includes performance-linked incentives and stock compensation revisions, aiming to motivate officers and improve corporate value.

Impact on Shareholders and Future Outlook

The recent share buyback aims to raise funds and reform officers' incentive schemes. This is expected to result in limited shareholder dilution and support the company's medium- to long-term growth strategy. The introduction of an incentive scheme linked to the achievement of the medium-term management plan is intended to boost management performance and maximize shareholder value. Moving forward, the company will continue to monitor performance and scheme progress, aiming for sustainable growth.