Resolution on acquisition limit
Resolved 14 July 2026Market purchases on the Tokyo Stock Exchange, including purchases through discretionary investment management by a securities company and the off-auction treasury share purchase 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.
1 August 2026 to 31 May 2027
The company will repurchase treasury shares as part of its capital policy, with the aim of further enhancing shareholder returns and improving capital efficiency, thereby contributing to an increase in corporate value over the medium to long term.
| Item | Details |
|---|---|
| Class of shares to be acquired | Common shares |
| Maximum number of shares to be acquired | 1,200,000 shares (maximum) |
| Percentage of total issued shares | 3.45% |
| Total acquisition price | ¥3 billion (maximum) |
| Acquisition period | 1 August 2026 to 31 May 2027 |
| Method of acquisition | Market purchases on the Tokyo Stock Exchange, including purchases through discretionary investment management by a securities company and the off-auction treasury share purchase transaction (ToSTNeT-3) |
| Reason for acquisition | The company will repurchase treasury shares as part of its capital policy, with the aim of further enhancing shareholder returns and improving capital efficiency, thereby contributing to an increase in corporate value over the medium to long term. |
| Resolution date | 14 July 2026 |
| Current number of treasury shares | 228,712 shares (as of 30 June 2026). This does not include 47,398 shares of the Company owned by the BIP trust for executive compensation. |
| Total number of issued shares | 35,035,470 shares (as of 30 June 2026, including treasury shares) |
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 Company recognizes that the current share price is extremely insufficient as a valuation of the Group’s medium- to long-term growth potential, cash flow generation capacity and future corporate value. The acquisition is intended to further enhance shareholder returns and improve capital efficiency, thereby contributing to an increase in corporate value over the medium to long term.