#Japan #Tokyo #Shareholder #stock buyback #capital allocation

Company Announces Share Buyback Program

In a significant move to enhance its capital allocation strategy, the company’s board of directors has convened and resolved on a series of actions pertaining to share buybacks. This decision reflects a proactive approach to utilize surplus funds generated from the revised capital allocation policies, ultimately aimed at improving capital efficiency and expanding shareholder returns.

1. Purpose of the Share Buyback

The primary reason for initiating this share buyback program is to make effective use of surplus funds that have arisen following the reassessment of the company's capital allocation strategy. This initiative is part of a broader effort to optimize capital efficiency and is expected to significantly benefit shareholders.

2. Details of the Buyback Program

The details surrounding the proposed buyback are as follows:

(1) Type of Common Stock to be Acquired

The company intends to repurchase its own common stocks, adhering to the regulations set forth by the Companies Act.

(2) Total Number of Shares to be Acquired

The company aims to buy back a maximum of 3,000,000 shares, which represents approximately 2.21% of the total issued shares (excluding treasury shares).

(3) Total Acquisition Price

The maximum allowable budget for this buyback program is set at ¥1,000,000,000.

(4) Buyback Period

The share repurchase is scheduled to take place from April 1, 2026, to May 31, 2026, enabling sufficient time for the execution of this program in the market.

(5) Method of Acquisition

The company plans to execute the share buyback through market purchases on the Tokyo Stock Exchange, ensuring transparency and adherence to regulatory standards during this process.

3. Current Status of Treasury Shares

As of February 28, 2026, the company holds the following treasury shares:

• - Total issued shares (excluding treasury shares): 135,978,592
• - Total treasury shares held: 4,321,408

This strategic decision marks a significant step towards strengthening the company’s financial structure and enhancing shareholder value. The management is optimistic that the share buyback will not only improve earnings per share but also signal to the market the company’s commitment to delivering shareholder returns. The board believes this move will attract further investment and bolster confidence among existing shareholders.

In summary, the share buyback initiative is a pivotal component of the company's broader strategy aimed at enhancing overall shareholder value by improving capital efficiency. As the execution period nears, stakeholders will be closely monitoring the developments related to this progressive strategy.