Resolution on acquisition limit
Resolved 30 April 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.
1 May 2026 to 30 October 2026
The Company will pursue a flexible and agile capital policy that can respond to changes in the operating environment, improve capital efficiency, and enhance shareholder returns. The Company has set a target total payout ratio of 50–60% for the period covered by its medium-term management plan, from the fiscal year ending March 2026 through the fiscal year ending March 2028, and this acquisition is in line with that target.
| Item | Details |
|---|---|
| Class of shares to be acquired | The Company's common shares |
| Maximum number of shares to be acquired | 150,000 shares (maximum) |
| Percentage of total issued shares | 0.44％ |
| Total acquisition price | ¥100,000,000 (maximum) |
| Acquisition period | 1 May 2026 to 30 October 2026 |
| Method of acquisition | Market purchases on the Tokyo Stock Exchange |
| Reason for acquisition | The Company will pursue a flexible and agile capital policy that can respond to changes in the operating environment, improve capital efficiency, and enhance shareholder returns. The Company has set a target total payout ratio of 50–60% for the period covered by its medium-term management plan, from the fiscal year ending March 2026 through the fiscal year ending March 2028, and this acquisition is in line with that target. |
| Resolution date | 30 April 2026 |
| Current number of treasury shares | 238,250 shares (as of 31 March 2026), including 211,622 shares held by Trust E as trust assets for the Stock Benefit Trust (BBT-RS) and Stock Benefit Trust (J-ESOP-RS). |
| Total number of issued shares | 16,991,462 shares (as of 31 March 2026, excluding 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.To pursue a flexible and agile capital policy that can respond to changes in the operating environment, improve capital efficiency, and enhance shareholder returns. The acquisition is also in line with the target total payout ratio of 50–60% during the period covered by the medium-term management plan.