Share Repurchase of Restricted Stock Units｜July 17, 2026

Overview of the Disposal

Yellow Hat plans to dispose of 26,200 shares of treasury stock on August 5, 2026, at a price of 1,827 yen per share, with a total amount of 47,867,400 yen. This disposal is part of a share-based compensation scheme aimed at sharing the benefits and risks of share price fluctuations with shareholders, with the goal of increasing share price and corporate value. The shares target three directors, and detailed explanations are provided regarding the purpose of disposal and background of the scheme.

Impact on Shareholders and Future Outlook

This treasury stock disposal is a measure aimed at long-term value enhancement for both shareholders and the company, with a limited dilution of shares expected. The restriction period on transfer is set to 30 years, aiming to motivate directors to improve corporate value through a long-term long-linked share scheme. It is anticipated that initiatives to maximize shareholder value will continue.