Share Repurchases as an Agile Capital Policy

「Cash flows from financing activities amounted to an outflow of ¥4,424 million, an increase in outflows of ¥1,208 million from the previous interim consolidated accounting period. The main factors were increases of ¥999 million in payments for treasury share acquisitions and ¥117 million in dividend payments compared with the previous interim consolidated accounting period.」

「Treasury shares acquired during the fiscal year: 261,900 shares; total acquisition cost: ¥999,905,000」

「The Company will acquire treasury shares as part of its financial strategy to pursue an agile capital policy in response to changes in the business environment and as part of the shareholder return measures under the “'24 Medium-Term Management Plan” announced on 14 May 2024. (2) Total number of shares that may be acquired: 350,000 shares (maximum) (3) Total acquisition cost: ¥1,000,000,000 (maximum) (4) Acquisition period: 11 November 2025 to 30 January 2026 (5) Acquisition method: Market purchases on the Tokyo Stock Exchange」

「Resolution at the Board of Directors meeting (8 November 2024) (acquisition period: 11 November 2024 to 31 January 2025) 300,000 1,000,000,000 Treasury shares acquired during the fiscal year 241,900 999,695,500」

「The Company will acquire treasury shares as part of its financial strategy to pursue an agile capital policy in response to changes in the business environment and as part of the shareholder return measures under the “'24 Medium-Term Management Plan” announced on 14 May 2024.」

「At a meeting of the Board of Directors held on 22 January 2024, the Company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act and carried out the cancellation as follows. ① Reason for cancelling treasury shares: To improve capital efficiency ② Class of shares to be cancelled: The Company's common shares ③ Total number of shares cancelled: 1,500,000 shares (4.60% of the total number of issued shares before cancellation) ④ Cancellation date: 7 February 2024 ⑤ Total number of issued shares after cancellation: 31,104,198 shares」

「Resolution at the Board of Directors meeting (19 May 2022) (acquisition date: 20 May 2022) 450,000 shares ¥1,203,750,000」

「Net assets decreased by ¥1,987 million from the end of the previous consolidated fiscal year to ¥84,890 million, mainly as a result of a ¥1,164 million increase in treasury shares and a ¥960 million decrease in retained earnings due to dividend payments and other factors.」

「Net assets increased by ¥417 million from the end of the previous consolidated fiscal year to ¥87,294 million. Although the company acquired treasury shares for ¥1,204 million and retained earnings decreased by ¥1,122 million, accumulated other comprehensive income increased by ¥2,743 million.」

「Treasury shares acquired during the fiscal year: 338,500 shares; total acquisition cost: ¥679,031,000」

「Net assets increased by ¥4,660 million from the end of the previous consolidated fiscal year to ¥82,924 million. Although treasury shares increased by ¥607 million through the acquisition of treasury shares and other transactions, retained earnings increased by ¥2,910 million and accumulated other comprehensive income increased by ¥2,349 million, mainly due to the recognition of net income attributable to owners of the parent.」

「At a meeting of the Board of Directors held on 8 November 2019, the Company resolved to acquire treasury shares and to determine the specific acquisition method pursuant to Article 156 of the Companies Act, as applied with the necessary changes under Article 165, paragraph 3, of the same Act, and carried out the acquisition as follows. 1 Reason for acquiring treasury shares To improve capital efficiency and pursue an agile capital policy in response to changes in the business environment. (2) Total number of shares that may be acquired: 1,300,000 shares (maximum) (3) Total acquisition cost: ¥2,723,500,000 (maximum) 3 Acquisition results (2) Total number of shares acquired: 1,177,500 shares (3) Total acquisition cost: ¥2,466,862,500 (4) Acquisition date: 11 November 2019」

「Resolution at the Board of Directors meeting (8 November 2016) (acquisition date: 9 November 2016) 1,800,000 shares ¥1,582,200,000」

「At a meeting of the Board of Directors held on 24 January 2017, the Company resolved to cancel treasury shares pursuant to Article 178 of the Companies Act and carried out the cancellation as follows. 2 Total number of shares cancelled: 3,000,000 shares (4.40% of the total number of issued shares before cancellation) 3 Cancellation date: 6 February 2017 4 Total number of issued shares after cancellation: 65,208,397 shares」

「Total number of shares that may be acquired: 1,800,000 shares (maximum) Total number of shares acquired: 1,600,000 shares Total acquisition cost of shares acquired ¥1,406,400,000」

「Resolution at the Board of Directors meeting (5 February 2016) (acquisition period: 8 February 2016 to 30 June 2016) 2,000,000 shares ¥1,800,000,000」