#Japan #stock buyback #Shibuya #Convano #FASTNAIL

Convano Inc. Plans Extraordinary Shareholders Meeting

Convano Inc., headquartered in Shibuya, Tokyo, with CEO Katsuaki Kamiyoshi, has recently announced a decision regarding the date and agenda for an extraordinary shareholders meeting during its board of directors meeting on the same day. This meeting is set to address an important agenda item: the stock buyback proposal. The company aims to confirm the collective opinions of its shareholders under a framework that emphasizes higher governance and transparency.

Extraordinary Shareholders Meeting Details

• - Date and Time: December 9, 2025 (Tuesday) at 11:00 AM
• - Location: To Be Announced
• - Agenda: Proposal No. 1 – Regarding the Acquisition of Treasury Stock

Purpose of Stock Buyback

Convano positions shareholder returns as a core component of its strategy for sustainable corporate value enhancement through maximizing operating profit and investment performance. As detailed in their upward revision of performance forecasts announced on October 10, 2025, Convano projects the fiscal year 2026 to achieve revenue of 12.37 billion yen and operating profit of 6.535 billion yen. This reflects a strong growth trajectory for the business.

However, Convano acknowledges that its current stock price does not adequately reflect its intrinsic value. In light of this, the company has opted for a stock buyback to improve capital efficiency and maximize shareholder value (ROE and value per share). While the law permits a stock buyback via board resolution, Convano has chosen to seek shareholders' approval during the extraordinary meeting, emphasizing governance and accountability to enhance the legitimacy and transparency of its capital policy decisions.

Overview of the Stock Buyback

Here are key details regarding the stock buyback proposal:

• - Type of Shares for Acquisition: Common stock of Convano Inc.
• - Total Number of Shares to be Acquired: Up to 500,000 shares (approximately 0.1% of total outstanding shares)
• - Maximum Total Amount for Buyback: 200,000,000 yen
• - Acquisition Period: December 10, 2025 – January 31, 2026
• - Method of Acquisition: Market purchase on the Tokyo Stock Exchange

Current Status of Treasury Stock (as of October 24, 2025)

• - Total Outstanding Shares (excluding treasury stock): 509,156,000 shares
• - Treasury Stock Held: 20,100 shares

Future Outlook

The current initiative is considered a decision related to capital policy and is not expected to have a significant impact on performance forecasts. Convano will continue to operate based on a capital cycle model: investing capital → generating revenue → reinvesting → expanding investment capacity, thus promoting sustainable corporate growth and shareholder profits simultaneously.

About Convano Inc.

Convano Inc. is a nail service chain operating under the brand FASTNAIL, with a mission centered around "creating new value and expanding opportunities." The company leverages its expertise in digital marketing and AI system development to venture into the beauty and lifestyle sectors. Looking ahead, Convano aspires to establish itself as a next-generation platform provider originating from Japan through serious engagement in the Web3 infrastructure field.

Business Overview

• - Operation of the nail service chain 'FASTNAIL'
• - Franchise management
• - Planning, development, and sales of various products
• - Development of new business systems
• - Media operation under 'femedia'

Corporate website: https://convano.com/