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

Overview of Capital Policy

At the Board of Directors meeting held on March 31, 2026, Toho Gas Co., Ltd. resolved to acquire treasury stock based on the provisions of Article 165, Paragraph 3 of the Companies Act. The target shares for acquisition are our common stock, with the maximum number of shares that can be acquired capped at 400,000 shares (4.4% of the total issued shares), and the total acquisition price capped at 15 billion yen. The acquisition period is from April 1, 2026 to September 30, 2026. Furthermore, a 4-for-1 stock split is scheduled on April 1, 2026, after which the maximum acquisition number will be 1,600,000 shares.

Impact on Shareholders and Future Outlook

The share buyback is aimed at executing a flexible capital policy, planning to acquire approximately 4.4% of the total issued shares. This is expected to enhance shareholder value and adjust stock liquidity. Currently, the treasury stock held is 7,227,955 shares, and this acquisition is expected to increase the number of treasury shares. The acquisition plan corresponds to the increased number of shares post stock split, which is anticipated to enhance the flexibility of the capital policy.