Resolution on acquisition limit
Resolved 14 May 2026Market purchases on the Tokyo Stock Exchange and the Tokyo Stock Exchange's off-auction own-share repurchase transaction (ToSTNeT-3)The 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.
15 May 2026 to 31 March 2027
The Company has pursued a policy of flexibly conducting share repurchases in response to conditions, including available cash and trends in the stock market, in order to improve capital efficiency, including future ROE. After reconsidering measures to enhance corporate value in light of recent share price trends and the PBR level, the Company resolved to enhance shareholder returns and improve capital efficiency, while pursuing flexible capital policies in response to the business environment.
| Item | Details |
|---|---|
| Class of shares to be acquired | The Company's common shares |
| Maximum number of shares to be acquired | 8,000,000 shares (maximum) |
| Percentage of total issued shares | 7.1% |
| Total acquisition price | ¥10 billion (maximum) |
| Acquisition period | 15 May 2026 to 31 March 2027 |
| Method of acquisition | Market purchases on the Tokyo Stock Exchange and the Tokyo Stock Exchange's off-auction own-share repurchase transaction (ToSTNeT-3) |
| Reason for acquisition | The Company has pursued a policy of flexibly conducting share repurchases in response to conditions, including available cash and trends in the stock market, in order to improve capital efficiency, including future ROE. After reconsidering measures to enhance corporate value in light of recent share price trends and the PBR level, the Company resolved to enhance shareholder returns and improve capital efficiency, while pursuing flexible capital policies in response to the business environment. |
| Resolution date | 14 May 2026 |
| Current number of treasury shares | 21,161,323 shares (as of 30 April 2026) |
| Total number of issued shares | 111,443,201 shares (excluding treasury shares, as of 30 April 2026) |
Items this document does not state (6)
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.The resolution was made to enhance shareholder returns and improve capital efficiency, including future ROE, and to pursue flexible capital policies in response to the business environment. It also reflects recent share price trends and the PBR level, and is intended to enhance corporate value.