Resolution on acquisition limit
Resolved 30 October 2026 (Friday)Tender offer for treasury sharesThe full horizontal line represents all issued shares, with marks at 10% intervals. The colored section represents the percentage stated in the resolution as the maximum proportion that may be repurchased under it.
This is a limit, and does not mean that the company will buy back all of it. The amount actually acquired will be shown in a later disclosure on the status of the acquisition of treasury shares.
From 2 November 2026 to 31 January 2027
Share repurchase based on the assumption that the Company will acquire part of its common shares held by Chugoku Electric Power, with a view to further improving capital efficiency and enhancing shareholder returns
| Item | Details |
|---|---|
| Class of shares to be acquired | Common shares |
| Maximum number of shares to be acquired | 6,930,100 shares (upper limit) |
| Percentage of total issued shares | 13.09％ |
| Total acquisition price | ¥31,975,481,400 (upper limit) |
| Acquisition period | From 2 November 2026 to 31 January 2027 |
| Method of acquisition | Tender offer for treasury shares |
| Reason for acquisition | Share repurchase based on the assumption that the Company will acquire part of its common shares held by Chugoku Electric Power, with a view to further improving capital efficiency and enhancing shareholder returns |
| Resolution date | 30 October 2026 (Friday) |
| Scheduled retirement date | After completion of the acquisition |
| Current number of treasury shares | 5,182,698 shares (as of 30 September 2026; whether trust-held shares are included: Not disclosed) |
| Total number of issued shares | 52,955,419 shares (as of 30 September 2026, excluding treasury shares) |
Items this document does not state (5)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To improve capital efficiency and enhance shareholder returns. In addition, to optimise the capital relationship with Chugoku Electric Power and enhance the corporate value of both companies while ensuring the independence and autonomy of the Company's management.