Flexible capital policy and improved capital efficiency through share buybacks

「In June 2025, the company acquired 220,000 treasury shares to improve capital efficiency and for other purposes, and is working to expand shareholder returns and optimize its cost of capital.」

「This was mainly due to a ¥298,400 thousand decrease resulting from the acquisition of treasury shares, a ¥158,765 thousand decrease in retained earnings resulting from dividend payments, and a ¥463,463 thousand increase in retained earnings resulting from the recognition of net income attributable to owners of the parent.」

「At a Board of Directors meeting held on 14 May 2024, the company resolved, pursuant to Article 156 of the Companies Act as applied by replacing the relevant terms under Article 165, Paragraph 3 of the Act, to acquire treasury shares and on the specific acquisition method as follows. 1. Reason for acquiring treasury shares: to implement an agile 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 to be acquired: 200,000 shares (maximum); (3) Total acquisition price: ¥298,400,000 (maximum); (4) Acquisition period: 15 May 2024; (5) Acquisition method: off-auction purchase through the Tokyo Stock Exchange’s ToSTNeT-3 treasury share off-auction purchase transaction.」