Notice Regarding Share Buyback with Transfer Restrictions

Overview of the Disposal

Rinnai will dispose of 16,864 shares of treasury stock on July 24, 2026. The disposal price is 3,543 yen per share, totaling approximately 59.75 million yen. The disposal is conducted under the share buyback with transfer restrictions制度 and aims to enhance executive incentives. The対象are directors and executive officers. The disposal qualifies as a solicitation of securities that does not require a notice of募集or売出し. The purpose of the disposal is to achieve sustained corporate value提升and shared shareholder value.

Details of the Disposal and Future Outlook

During the transfer restriction period, the disposed shares will be managed in a dedicated account at Nomura Securities, with transfer restrictions解除after a certain period. If an executive officer resigns or retires for legitimate reasons, the transfer restrictions are解除early. The funds raised from the disposal will likely be used for corporate capital policy and future business investments. This disposal is part of a制度designed to motivate officers and promote持续 corporate value提升.