Resolution on acquisition limit
Resolved 8 May 2026Market purchases on the Tokyo Stock ExchangeThe 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.
11 May 2026 to 30 November 2026
The Company regards the return of profits to shareholders as a key management priority. Its basic policy is to maintain a strong shareholder equity base and sustainable long-term earnings power, while maintaining an appropriate level of profit distribution supported by its business performance. In addition, recognizing that the Company's intrinsic corporate value has not necessarily been sufficiently reflected in its recent share price, the Company believes that repurchasing treasury shares, while taking share price trends and the impact on management into consideration, is an important option under its shareholder return policy. Based on these policies, the Company will repurchase treasury shares and, pursuant to this resolution, cancel the treasury shares acquired and held in connection with this repurchase, thereby improving capital efficiency.
| Item | Details |
|---|---|
| Class of shares to be acquired | The Company's common shares |
| Maximum number of shares to be acquired | 1,000,000 shares (maximum) |
| Percentage of total issued shares | 2.48％ |
| Total acquisition price | ¥2,000,000,000 (maximum) |
| Acquisition period | 11 May 2026 to 30 November 2026 |
| Method of acquisition | Market purchases on the Tokyo Stock Exchange |
| Reason for acquisition | The Company regards the return of profits to shareholders as a key management priority. Its basic policy is to maintain a strong shareholder equity base and sustainable long-term earnings power, while maintaining an appropriate level of profit distribution supported by its business performance. In addition, recognizing that the Company's intrinsic corporate value has not necessarily been sufficiently reflected in its recent share price, the Company believes that repurchasing treasury shares, while taking share price trends and the impact on management into consideration, is an important option under its shareholder return policy. Based on these policies, the Company will repurchase treasury shares and, pursuant to this resolution, cancel the treasury shares acquired and held in connection with this repurchase, thereby improving capital efficiency. |
| Resolution date | 8 May 2026 |
| Number of shares to be retired | 1,000,000 shares |
| Scheduled retirement date | The Company will make a further announcement after completion of the treasury share repurchase. |
| Current number of treasury shares | 1,605,551 shares (as of 31 March 2026) |
| Total number of issued shares | 40,394,449 shares (excluding treasury shares, as of 31 March 2026) |
Items this document does not state (4)
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.To return profits to shareholders, address the insufficient valuation of the Company's intrinsic corporate value at the current share price level, return profits to shareholders while taking share price trends and the impact on management into consideration, and improve capital efficiency.