Resolution on acquisition limit
Resolved 24 April 2026The 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.
15 May 2026 to 31 December 2026
The Company has adopted a basic policy of enhancing shareholder returns by considering the optimal balance between capital soundness and investment for growth, and by endeavoring to enhance shareholder returns. With respect to share repurchases, the Company will implement them flexibly as a shareholder return measure that contributes to improving capital efficiency, taking into account business performance, the capital position, growth investment opportunities and market conditions, including the share price. Based on the consolidated ROE target of at least 11.0% and the equity ratio target of approximately 10% on an adjusted basis, which are set as the levels to be achieved in fiscal 2028 in the medium-term management plan announced today, the Company decided to repurchase its own shares in order to further improve capital efficiency and enhance sustainable shareholder value.
| Item | Details |
|---|---|
| Class of shares to be acquired | The Company's common shares |
| Maximum number of shares to be acquired | 5,000,000 shares (maximum) |
| Percentage of total issued shares | 2.92％ |
| Total acquisition price | ¥12,000 million (maximum) |
| Acquisition period | 15 May 2026 to 31 December 2026 |
| Reason for acquisition | The Company has adopted a basic policy of enhancing shareholder returns by considering the optimal balance between capital soundness and investment for growth, and by endeavoring to enhance shareholder returns. With respect to share repurchases, the Company will implement them flexibly as a shareholder return measure that contributes to improving capital efficiency, taking into account business performance, the capital position, growth investment opportunities and market conditions, including the share price. Based on the consolidated ROE target of at least 11.0% and the equity ratio target of approximately 10% on an adjusted basis, which are set as the levels to be achieved in fiscal 2028 in the medium-term management plan announced today, the Company decided to repurchase its own shares in order to further improve capital efficiency and enhance sustainable shareholder value. |
| Resolution date | 24 April 2026 |
| Current number of treasury shares | 25,893,470 shares (as of 31 March 2026). This excludes 527,100 Company shares held by the executive compensation BIP trust and 255,698 Company shares held by the share grant ESOP trust. |
| Total number of issued shares | 197,139,248 shares (as of 31 March 2026). Whether this figure excludes treasury shares: Not disclosed. |
Items this document does not state (7)
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 improve capital efficiency and enhance sustainable shareholder value while balancing capital soundness with growth investment. The decision also takes into account the enhancement of shareholder returns, the consolidated ROE target and the equity ratio target.