Notice Regarding the Resolution on Matters Concerning Treasury Stock Acquisition (Acquisition of Treasury Stock Based on the Provisions of Article 165, Paragraph 2 of the Companies Act)

Overview of Capital Policy

Shikoku Electric Power Company, Inc. resolved to acquire treasury stock at the Board of Directors meeting on January 30, 2026, based on the provisions of Article 165, Paragraph 3 of the Companies Act. The reason for the acquisition is to respond to the selling intention of policy-holding shares by corporate shareholders, taking into comprehensive consideration market conditions and financial status, with the objective of mitigating short-term impacts on stock supply and demand and improving corporate value through enhanced capital efficiency. The acquisition target is common shares, with a maximum of 2,000,000 shares (equivalent to 1.0% of the total issued shares) and the total acquisition amount is set within 3.5 billion yen.

Impact on Shareholders and Future Schedule

The treasury stock acquisition will be conducted from February 2 to February 27, 2026, through off-auction purchase transactions of treasury stock on the Tokyo Stock Exchange (ToSTNeT-3). As of September 30, 2025, the total number of issued shares (excluding treasury stock) was 207,504,600 shares, and treasury stock amounted to 23,602 shares. While the acquisition is expected to improve capital efficiency, the acquisition of approximately 1.0% of the issued shares may contribute to preventing dilution and stabilizing the stock price.