【Nippon Television】Share Buyback and Incentive Scheme｜June 2026

Overview of the Sale

Nippon Television Network Corporation resolved to sell 22,185 common shares at 2,698.5 yen per share on July 24, 2026. This sale is part of a restricted stock compensation scheme aimed at providing incentives to directors and officers, with the goal of continuously enhancing corporate value. For the sale, a monetary claim as compensation to officers is contributed as in-kind, and the transfer restriction period is set to remain until the officers' departure.

Impact on Shareholders and Future Outlook

This share buyback does not result in shareholder dilution and is conducted as part of a scheme to incentivize officers, thus its direct negative impact on shareholder value is expected to be limited. The introduction of this scheme aims to improve corporate value over the medium to long term and to promote value sharing between officers and shareholders. Ongoing attention to the scheme's implementation and the company's performance trends is necessary.