Resolution on acquisition limit
Resolved 10 August 2026Market purchases on the Tokyo Stock Exchange under a discretionary trading agreementThe 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.
From 12 August 2026 to 31 May 2027
To demonstrate a clear commitment to actively returning profits to shareholders, further improving capital efficiency (ROE), and seeking the early recovery of and correction to a PBR of 1x
| Item | Details |
|---|---|
| Class of shares to be acquired | The Company's common shares |
| Maximum number of shares to be acquired | 500,000 shares (maximum) |
| Percentage of total issued shares | 7.35％ |
| Total acquisition price | ¥1.6 billion (maximum) |
| Acquisition period | From 12 August 2026 to 31 May 2027 |
| Method of acquisition | Market purchases on the Tokyo Stock Exchange under a discretionary trading agreement |
| Reason for acquisition | To demonstrate a clear commitment to actively returning profits to shareholders, further improving capital efficiency (ROE), and seeking the early recovery of and correction to a PBR of 1x |
| Resolution date | 10 August 2026 |
| Current number of treasury shares | 63,612 shares (as of 31 March 2026; whether this includes shares held in trust is not disclosed) |
| Total number of issued shares | 6,801,748 shares (as of 31 March 2026, excluding treasury shares) |
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 reasons include enhancing shareholder returns, further improving capital efficiency (ROE), and seeking the early recovery of and correction to a PBR of 1x. The company also recognizes that its current share price does not adequately reflect its intrinsic corporate value and considers the shares to be undervalued.