Notice Regarding the Status of Share Buyback (Share Buyback Based on the Provisions of Article 165, Paragraph 2 of the Companies Act)

Overview of Share Buyback

Yamaha Corporation acquired 2,762,600 shares of treasury stock through market purchases on the Tokyo Stock Exchange from January 1 to January 31, 2026, based on the provisions of Article 165, Paragraph 3 of the Companies Act. The total acquisition price was 3,130,774,998 yen. This action was based on the resolution of the board of directors announced on November 4, 2025, which set the maximum number of shares to be acquired at 20 million shares, the acquisition price cap at 15 billion yen, and the acquisition period from November 5, 2025 to March 31, 2026.

Cumulative Acquisition Status and Impact on Shareholders

Since the board resolution, a cumulative total of 8,711,700 shares of treasury stock have been acquired at a total acquisition price of 9,471,969,224 yen. The number of shares acquired is capped at approximately 4.4% of the total number of issued shares (excluding treasury stock) and aims to improve capital efficiency to enhance shareholder value. Going forward, Yamaha Corporation plans to continue acquiring treasury stock within the prescribed limits while considering market conditions.