[Marufuji Sheet Pile] Share Buyback and Introduction of Executive Compensation System | July 2026

Overview of Capital Policy

Marufuji Sheet Pile resolved to dispose of 100,000 shares of treasury stock (¥89,100,000) on August 7, 2026. This is part of the earnings-linked stock compensation system announced in May 2026, intended to provide shares to directors. The disposal price was set at ¥891 per share, based on the closing price on the stock market, and the dilution after stock split was deemed reasonable. The operation will be carried out through a trust agreement with Mizuho Trust & Banking Co., Ltd. and Japan Custody Bank, Ltd.

Background of Director Compensation System and Share Disposal

The company announced an earnings-linked stock compensation system for directors in May 2026, approved at the general shareholders’ meeting. The current share disposal is intended to hold and dispose of shares necessary for the operation of this system, aiming to enhance management incentives by providing shares to directors. The planned shares for disposal are expected to cover three fiscal years ending March 2027 through March 2029.