[Yonex] Share Buyback and Introduction of Shareholder Incentive Program | July 2026

Overview of Capital Policy

Yonex will sell 18,500 shares of its treasury stock on August 21, 2026, granted as part of a restricted stock award program to directors and executive officers. The sale price is 2,547 yen per share, with a total of 47,119,500 yen. This program aims at long-term shareholder value sharing and motivating directors, with a restriction period set at 50 years. The sale is deemed appropriate based on market stock prices, and recipients are restricted from disposing of or using these shares as collateral during the restriction period.

Impact on Shareholders and Future Outlook

This share buyback aims to promote long-term shareholder value sharing and incentivize management. The repurchased shares are held with transfer restrictions, which can be lifted or acquired free of charge upon retirement or organizational restructuring. This approach aims to minimize dilution while enhancing management motivation and corporate value. The company plans to continue promoting capital policies that contribute to shareholder value enhancement.