Flexible Capital Policy Through Share Repurchases

「Status of the resolution at the meeting of the Board of Directors (9 March 2023): Total number of shares to be acquired: 50,000 shares (maximum); total acquisition price: ¥52,000,000 (maximum); treasury shares acquired during the fiscal year: 48,000 shares, ¥49,920,000」

「At a meeting of the Board of Directors held on 10 August 2021, the Company resolved the matters relating to the acquisition of treasury shares as set out below, 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 of treasury shares as follows. 1. Reason for acquiring treasury shares To enable the flexible execution of capital policies in response to changes in the business environment. 2. Details of the acquisition ① Class of shares to be acquired: common shares ② Total number of shares to be acquired: 40,000 shares (maximum) ③ Total acquisition price: ¥45,000,000 (maximum) ④ Acquisition period: 2021-08-13 to 2021-08-31 ⑤ Acquisition method: Market purchases on the Tokyo Stock Exchange 3. Results of the acquisition of treasury shares As a result of the purchases described above, the Company acquired 40,000 common shares between 2021-08-13 and 2021-08-17 for ¥34,332,800, and completed the acquisition of treasury shares based on the resolution.」