Completion of Share Buyback of Restricted Stock Compensation | July 2026

Overview of the Disposal

On July 17, 2026, N S D disposed of 59,462 shares of restricted stock compensation as part of its share buyback program. The disposal price was 2,407 yen per share, amounting to approximately 143,120,000 yen in total. The recipients were four directors, twenty-one executive officers, and three directors of subsidiaries. The disposal was carried out based on a resolution of the Board of Directors. This action aims to return value to shareholders and to incentivize management.

Impact on Shareholders and Future Outlook

This share buyback is expected to have a limited impact on the total number of issued shares and share dilution. It is part of the company's capital policy to strengthen incentives for directors and employees, and the company will continue to promote appropriate capital strategies. Investors may view this as a shareholder return measure and part of the company's long-term growth strategy.