【Maruzen】Share Buyback and Incentive Program Introduction | July 2026

Overview of the Disposal

Maruzen will dispose of 11,500 common shares to 7 directors on July 6, 2026, based on the restricted stock compensation program. The disposal price is 3,800 yen per share, totaling 437 million yen, and the recipients will contribute the shares as actual assets. This program was introduced to enhance the corporate value of the directors and share value sharing with shareholders, with restrictions on transfer and collateral setting for a certain period. The disposal will be conducted based on the market stock price, with detailed regulations on share management and transfer restrictions in place.

Impact on Shareholders and Future Outlook

The recent share buyback aims to strengthen the incentives of directors and improve corporate value. The shareholder dilution resulting from this disposal is considered limited and beneficial to shareholders. Details of the program and the disposal intent position this as part of future management strategies and shareholder return policies. Continued attention is expected to be paid to Maruzen’s management policies and efforts to enhance shareholder value.