[Nihon Knowledge] New Share Issue with Transfer Restrictions | July 2026

Overview of the Program

Nihon Knowledge issued a total of 13,400 new shares as part of its transfer-restricted stock compensation plan to directors and executive officers. The issue price was 790 yen per share, totaling 10,586,000 yen. The issuance took place on August 20, 2026, and targeted 4 directors and 9 executive officers. The purpose of the program is to contribute to long-term corporate value enhancement and stabilization of management. The transfer restrictions are set for 30 years (for directors) and 3 years (for executive officers), with mechanisms for free acquisition or release upon resignation or specific reasons.

Impact on Shareholders and Future Outlook

The issuance of new shares was conducted as part of executive compensation measures, and the dilution effect is expected to be limited. The program aims to promote long-term commitment from directors and improve corporate value. Going forward, the company will continue to manage the stock-based compensation appropriately based on the program’s operation status and directors’ performance, with the goal of maximizing shareholder value.