【Japan Avionics】Completion of Share Buyback｜July 2026

Overview of Capital Policy

Based on the board resolution dated June 19, 2026, Japan Avionics executed the disposal of treasury stock as restricted stock and completed the payment procedures. This disposal allocated shares to 2 directors and 3 executive officers, totaling approximately 15.98 million yen. The number of shares disposed is 2,983, with a disposal price per share of 5,360 yen.

Impact on Shareholders and Future Outlook

This share buyback aimed to incentivize executives and strengthen corporate governance. The impact on shareholder dilution is considered limited. The completion of this disposal is expected to contribute to revising executive compensation structures and stabilizing management as part of the company's capital policy. Going forward, the company intends to continue implementing appropriate capital measures to enhance corporate value.