Shareholder Returns and Flexible Capital Policy Through Share Repurchases

「At a meeting of the Board of Directors held on 29 January 2024, the Company resolved to cancel treasury shares and, following the cancellation carried out on 31 January 2024, the total number of issued shares decreased by 24,900.」

「At a meeting of the Board of Directors held on 27 January 2022, the Company resolved matters relating to the acquisition of treasury shares pursuant to Article 156 of the Companies Act as applied by replacing the terms under Article 165, Paragraph 3 of the same Act, and carried out the acquisition of treasury shares as follows. 1. Reason for acquiring treasury shares The acquisition was conducted to enhance returns to shareholders and implement an agile capital policy in response to changes in the business environment. 2. Details of the acquisition (1) Class of shares to be acquired: Common shares of the Company (2) Total number of shares to be acquired: 170,000 shares (maximum) (3) Total acquisition cost: ¥333,200,000 (maximum) (4) Acquisition date: 28 January 2022 (on a contract-date basis) (5) Acquisition method: Purchase through the Tokyo Stock Exchange’s off-auction purchase of treasury shares (ToSTNeT-3) 3. Status of the acquisition of treasury shares As a result of the above purchase through the off-auction purchase of treasury shares (ToSTNeT-3), the Company acquired 150,000 common shares on 28 January 2022 for an acquisition cost of ¥294 million. The acquisition of treasury shares pursuant to the resolution ended on 28 January 2022.」