Resolution on acquisition limit
Resolved 13 May 2026Off-auction purchase transaction on the Tokyo Stock Exchange (ToSTNeT-3) and market purchasesThe 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.
14 May 2026 to 31 March 2027
The Group resolved to conduct the repurchase of treasury shares in order to execute the capital allocation set forth in its long-term management vision, “NETUREN VISION 2030,” formulated in May 2021, and its 16th Medium-Term Management Plan, “Aggressive Challenge One NETUREN 2026,” announced on 9 May 2024, as well as to achieve the targeted balance sheet and ROE of 8.0% and accelerate the achievement of a PBR of 1.0x or higher. In fiscal 2026, the final year of the 16th Medium-Term Management Plan, the Company will continue to conduct the repurchase of treasury shares for the purpose of implementing flexible capital policies in response to changes in the business environment based on its capital allocation, improving capital efficiency and ROE, and further enhancing shareholder returns.
| Item | Details |
|---|---|
| Class of shares to be acquired | The Company's common shares |
| Maximum number of shares to be acquired | 1,897,000 shares (maximum) |
| Percentage of total issued shares | 5.81% |
| Total acquisition price | ¥2 billion (maximum) |
| Acquisition period | 14 May 2026 to 31 March 2027 |
| Method of acquisition | Off-auction purchase transaction on the Tokyo Stock Exchange (ToSTNeT-3) and market purchases |
| Reason for acquisition | The Group resolved to conduct the repurchase of treasury shares in order to execute the capital allocation set forth in its long-term management vision, “NETUREN VISION 2030,” formulated in May 2021, and its 16th Medium-Term Management Plan, “Aggressive Challenge One NETUREN 2026,” announced on 9 May 2024, as well as to achieve the targeted balance sheet and ROE of 8.0% and accelerate the achievement of a PBR of 1.0x or higher. In fiscal 2026, the final year of the 16th Medium-Term Management Plan, the Company will continue to conduct the repurchase of treasury shares for the purpose of implementing flexible capital policies in response to changes in the business environment based on its capital allocation, improving capital efficiency and ROE, and further enhancing shareholder returns. |
| Resolution date | 13 May 2026 |
| Current number of treasury shares | 200,680 shares (as of 30 April 2026) |
| Total number of issued shares | 32,604,720 shares (excluding treasury shares, as of 30 April 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.The repurchase will be conducted as a measure to execute the capital allocation set forth in “NETUREN VISION 2030” and the 16th Medium-Term Management Plan, achieve the targeted balance sheet and ROE of 8.0%, and accelerate the achievement of a PBR of 1.0x or higher. It is also intended to enable the flexible implementation of capital policies in response to changes in the business environment, improve capital efficiency and ROE, and further enhance shareholder returns.