Notice Regarding Decision on Matters Related to Share Buyback (Buyback of Treasury Stock Based on the Articles of Incorporation under the Provision of Article 459, Paragraph 1 of the Companies Act)

Overview of Capital Policy

NEC Corporation, prioritizing active investment in growth areas, aims to enhance corporate value and return to shareholders through stable dividends. After comprehensively considering the improvement of financial conditions, business outlook, and the current stock price level, the company has decided to conduct a share buyback. The shares to be acquired are common stocks, with an upper limit of 6.8 million shares and a total acquisition price upper limit of 30 billion yen. The acquisition period is from February 10, 2026, to March 31, 2026. The method of acquisition is market purchase on the Tokyo Stock Exchange.

Impact on Shareholders and Future Outlook

The share buyback corresponds to 0.51% of the total issued shares and aims to enhance shareholder value. The acquisition may be partially or wholly unexecuted depending on market conditions. As of January 31, 2026, the number of treasury shares held was approximately 28.95 million shares, and this acquisition is expected to further increase the treasury shares. Various risk factors are noted regarding future forecasts, and actual business results may fluctuate.