Resolution on acquisition limit
Resolved 11 May 2026 (Monday)Tender offer for treasury sharesThe 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 21 May 2026 to 31 July 2026
To mitigate the impact on liquidity and market prices from the release of shares into the market accompanying the sale of shares by ENEOS Holdings, Inc.; enhance market valuation by securing flexibility in capital policy and reviewing the capital relationship; improve capital efficiency, including EPS and ROE; and return profits to shareholders
| Item | Details |
|---|---|
| Class of shares to be acquired | Common shares |
| Maximum number of shares to be acquired | 57,300,122 shares (maximum) |
| Percentage of total issued shares | 6.17% (as of 11 May 2026; 6.01% after the effective date of the share exchange) |
| Total acquisition price | ¥250,000,432,286 (maximum) |
| Acquisition period | From 21 May 2026 to 31 July 2026 |
| Method of acquisition | Tender offer for treasury shares |
| Reason for acquisition | To mitigate the impact on liquidity and market prices from the release of shares into the market accompanying the sale of shares by ENEOS Holdings, Inc.; enhance market valuation by securing flexibility in capital policy and reviewing the capital relationship; improve capital efficiency, including EPS and ROE; and return profits to shareholders |
| Resolution date | 11 May 2026 (Monday) |
| Current number of treasury shares | 182 shares (as of 31 March 2026; shares held as trust assets under the stock benefit trust for management-level employees and the stock delivery trust for officers are excluded from the calculation of the ownership ratio) |
| Total number of issued shares | 928,462,920 shares (excluding treasury shares, as of 31 March 2026; the number of issued shares stated in the Board of Directors' resolution is 928,463,102 shares as of 11 May 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.To mitigate the impact on liquidity and market prices from the release of shares into the market accompanying the sale of shares by ENEOS Holdings, Inc.; enhance market valuation by securing flexibility in capital policy and reviewing the capital relationship; improve capital efficiency, including EPS and ROE; and return profits to shareholders.