Resolution on acquisition limit
Resolved 15 May 2026Market purchases on the Tokyo Stock ExchangeThe 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.
18 May 2026 to 31 March 2027
As set out in the three-year plan announced in April 2026, covering the fiscal years ending March 2027 through March 2029, the Company has established return on equity (ROE) as its most important financial KPI. To raise ROE, the Company has established a treasury share acquisition limit in order to implement a capital policy of “not holding unnecessary shareholder capital” while working to improve return on invested capital (ROIC). Based on the capital allocation set out in the plan, the Company will balance proactive growth investment with high shareholder returns.
| Item | Details |
|---|---|
| Class of shares to be acquired | The Company's common shares |
| Maximum number of shares to be acquired | 1,500 thousand shares (maximum) |
| Percentage of total issued shares | 1.4％ |
| Total acquisition price | ¥3 billion (maximum) |
| Acquisition period | 18 May 2026 to 31 March 2027 |
| Method of acquisition | Market purchases on the Tokyo Stock Exchange |
| Reason for acquisition | As set out in the three-year plan announced in April 2026, covering the fiscal years ending March 2027 through March 2029, the Company has established return on equity (ROE) as its most important financial KPI. To raise ROE, the Company has established a treasury share acquisition limit in order to implement a capital policy of “not holding unnecessary shareholder capital” while working to improve return on invested capital (ROIC). Based on the capital allocation set out in the plan, the Company will balance proactive growth investment with high shareholder returns. |
| Resolution date | 15 May 2026 |
| Current number of treasury shares | 6,321,020 shares (as of the end of April 2026), including 1,330,022 shares of the Company held by the executive compensation BIP trust. |
| Total number of issued shares | 106,506,178 shares (as of the end of April 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.To implement a capital policy of “not holding unnecessary shareholder capital” while working to improve ROIC in order to raise ROE under the three-year plan. To balance growth investment with high shareholder returns based on capital allocation.