Resolution on acquisition limit
Resolved 26 June 2026Market purchases on the Tokyo Stock Exchange under a discretionary trading agreementThe 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 1 July 2026 to 25 June 2027
In line with the shareholder return policy set out in the Medium-Term Management Plan, the Company resolved to acquire treasury shares as part of measures to achieve a total payout ratio of 50% or more. The Company also aims to invest in human capital and strengthen incentives to enhance corporate value by using a portion of the acquired treasury shares for its restricted stock compensation program (RS) for employees and short- to medium-term incentive compensation for officers.
| Item | Details |
|---|---|
| Class of shares to be acquired | The Company's common shares |
| Maximum number of shares to be acquired | 2,000,000 shares (maximum) |
| Percentage of total issued shares | 8.06％ |
| Total acquisition price | ¥2.5 billion (maximum) |
| Acquisition period | From 1 July 2026 to 25 June 2027 |
| Method of acquisition | Market purchases on the Tokyo Stock Exchange under a discretionary trading agreement |
| Reason for acquisition | In line with the shareholder return policy set out in the Medium-Term Management Plan, the Company resolved to acquire treasury shares as part of measures to achieve a total payout ratio of 50% or more. The Company also aims to invest in human capital and strengthen incentives to enhance corporate value by using a portion of the acquired treasury shares for its restricted stock compensation program (RS) for employees and short- to medium-term incentive compensation for officers. |
| Resolution date | 26 June 2026 |
| Current number of treasury shares | 10,419 shares (as of 31 March 2026). Whether this includes shares held in trust: not disclosed. |
| Total number of issued shares | 24,826,501 shares (excluding treasury shares, as of 31 March 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 acquisition will be conducted as part of measures to achieve a total payout ratio of 50% or more, in line with the shareholder return policy set out in the Medium-Term Management Plan. A portion of the shares will also be used for restricted stock compensation (RS) for employees and incentive compensation for officers, with the aim of investing in human capital and strengthening incentives to enhance corporate value.