Restricted Stock Incentive Scheme Through an Employee Stock Ownership Association

「The company resolved to dispose of treasury shares as a restricted-stock incentive for the employee stock ownership plan, and the payment procedures were completed on 31 January 2023. Overview of the disposal Disposal date 31 January 2023 Class and number of shares to be disposed of Common shares of the company: 338,688 shares Disposal price ¥678 per share Total disposal value ¥229,630,464 Disposal method (Planned allottee) Third-party allotment (Chuhatsu Employee Stock Ownership Plan: 338,688 shares)」

「Based on the medium-term management plan “Global Vision2025,” announced on 27 May 2021, we resolved to introduce this scheme to provide employees covered by the scheme with an incentive to increase individual motivation and strengthen unity, as well as to promote their welfare, by creating an opportunity to acquire, through the employee stock ownership plan, transfer-restricted shares issued or disposed of by the Company (the Company’s common shares). The scheme is intended to help covered employees build personal assets, provide them with an incentive to achieve sustained growth in the corporate value of the Company Group, and promote greater value sharing between covered employees and the Company’s shareholders. Covered employees are employees of the Company and its subsidiaries who participate in this employee stock ownership plan and agree to the scheme.」