[Japan Metallurgical Industry] Share Buyback and Introduction of Stock Compensation Scheme | July 24, 2026

Overview of Share Buyback

Japan Metallurgical Industry will dispose of 12,417 shares of common stock on August 24, 2026, raising a total of 62.7 million yen. The disposal is part of a restricted stock compensation scheme, granted to directors and executive officers, aimed at sharing shareholder value and enhancing corporate value. The disposal price is determined based on market stock prices, with 16 recipients.

Stock Compensation Scheme and Future Outlook

This scheme grants shares to 16 targeted directors and officers as of August 24, 2026, with a restricted transfer period of 30 years. Upon retirement or resignation of officers, under certain conditions, restrictions on share transfer are lifted, promoting liquidity and corporate value enhancement over the maximum 30-year period. The introduction of this scheme will strengthen value sharing between management and shareholders and aim for medium- to long-term corporate growth.