Flexible Capital Policy and Improved Capital Efficiency Through Share Repurchases

「Treasury shares acquired during the fiscal year　200,000 shares　¥87,400 thousand」

「At a meeting of the Board of Directors held on 12 August 2022, the company resolved to acquire treasury shares pursuant to Article 156 of the Companies Act, as applied with the necessary changes under Article 165, paragraph 3 of the same Act. 1. Reason for acquiring treasury shares: To implement a flexible capital policy in response to changes in the business environment and improve capital efficiency. 2. Details of the acquisition: (1) Class of shares to be acquired: Common shares of the company (2) Total number of shares that may be acquired: 200,000 shares (maximum), representing 2.20% of the total number of issued shares excluding treasury shares (3) Total acquisition price: ¥87,400,000 (maximum) (4) Acquisition date: 15 August 2022 (5) Acquisition method: Purchase through the Tokyo Stock Exchange's off-auction purchase of treasury shares (ToSTNeT-3)」