[Chukyo Pulp & Paper] Share Buyback and Executive Incentive Program Implementation | July 2026

Overview of the Disposal

Chukyo Pulp & Paper will dispose of 11,207 shares of treasury stock on August 21, 2026, raising approximately 24.31 million yen. This disposal is part of an incentive scheme for directors and officers, with the transfer restriction period to continue until resignation or retirement. The disposal price is set at 2,170 yen based on market stock prices, and details regarding stock management and transfer restrictions are specified.

Impact on Shareholders and Future Outlook

This initiative aims to strengthen incentives for directors and officers to enhance corporate value and promote long-term value sharing. By disposing of treasury stock, the company seeks to improve capital efficiency and increase shareholder value. Since the transfer restrictions will limit liquidity during the restriction period, market impact is expected to be limited. The company will continue implementing measures to enhance corporate value, shareholder returns, and management stability.