Share Repurchase with Transfer Restrictions | June 2026

Overview of Capital Policy

Marufumi disposed of 12,690 shares of treasury stock at 1,703 yen per share on July 24, 2026, raising a total of approximately 21.61 million yen. This disposal was conducted based on the share reward system with transfer restrictions, with the aim of promoting long-term shared value among targeted directors and subsidiary officers and enhancing corporate value. The shares are subject to restrictions on transfer or collateralization during the transfer restriction period, and are subject to release under certain conditions.

Impact on Shareholders and Future Outlook

This disposal of treasury stock is part of an introduced制度 aimed at promoting long-term shareholder value sharing, with limited dilution of shares. By ensuring long-term tenure of targeted directors and subsidiary officers and enforcing transfer restrictions, the company aims to strengthen its medium- to long-term growth strategy and shareholder returns. Continued attention is needed regarding the implementation status of the制度 and further capital policy movements.