Shareholder Returns and Capital Policy through Share Buybacks

「Treasury stock acquired during the fiscal year: 406,300 shares, ¥999,833,381; treasury stock cancelled: 6,700,000 shares, ¥11,740,628,531」

「During the fiscal year, the company flexibly acquired 2,400,000 shares of treasury stock. In addition, as part of its efforts to further promote management with an awareness of the cost of capital and share price, it accelerated the reduction of cross-held shares and paid a special dividend in addition to the regular dividend in line with its shareholder return policy of a 50% consolidated payout ratio.」

「During the interim consolidated accounting period, the company acquired 2,400,000 shares of treasury stock on 10 June 2024 through an off-auction purchase of treasury stock on the Tokyo Stock Exchange (ToSTNeT-3), pursuant to the resolution adopted at the Board of Directors meeting held on 7 June 2024. As a result, treasury stock increased by ¥9,050 million, including acquisitions through the purchase of fractional shares and other transactions, and amounted to ¥19,039 million at the end of the interim consolidated accounting period.」

「Total shares acquired: 2,400,000 shares (maximum); total acquisition cost: ¥9,048 million (maximum); acquisition date: 10 June 2024」

「During the fiscal year, the company acquired treasury stock for a total of ¥2,499 million.」

「During the nine-month cumulative consolidated period, the company acquired 646,100 shares of treasury stock pursuant to a resolution adopted at the Board of Directors meeting held on 28 April 2022. As a result, including additional acquisitions by the executive stock benefit trust associated with the continuation of the performance-linked stock compensation plan and acquisitions through the purchase of fractional shares, treasury stock increased by ¥2,690 million and amounted to ¥9,996 million at the end of the nine-month consolidated accounting period.」

「During the six-month cumulative consolidated period, the company acquired 646,100 shares of treasury stock pursuant to a resolution adopted at the Board of Directors meeting held on 28 April 2022. As a result, including additional acquisitions by the executive stock benefit trust associated with the continuation of the performance-linked stock compensation plan and acquisitions through the purchase of fractional shares, treasury stock increased by ¥2,688 million and amounted to ¥9,994 million at the end of the six-month consolidated accounting period.」

「During the three-month cumulative consolidated period, the company acquired 345,700 shares of treasury stock pursuant to a resolution adopted at the Board of Directors meeting held on 28 April 2022.」

「Total number of shares that may be acquired: 750,000 shares (maximum); total acquisition cost: ¥2,500 million (maximum); acquisition period: 2 May 2022 to 31 August 2022」

「At a Board of Directors meeting held on 31 January 2022, the company resolved matters relating to the acquisition of treasury stock pursuant to Article 156 of the Companies Act, as applied by replacing the relevant provisions pursuant to Article 165, paragraph 3 of the same Act. 1. Reason for the acquisition: to enhance shareholder returns and improve capital efficiency. 2. Details of the acquisition: (1) Class of shares: common shares; (2) total number of shares that may be acquired: 150,000 shares (maximum), representing 0.41% of the total number of issued shares excluding treasury stock; (3) total acquisition cost: ¥500 million (maximum); (4) acquisition period: 1 February 2022 to 31 March 2022; (5) acquisition method: market purchases on the Tokyo Stock Exchange.」

「During the six-month cumulative consolidated period, the company acquired 347,300 shares of treasury stock pursuant to a resolution adopted at the Board of Directors meeting held on 30 April 2021. In addition, the employee stock benefit trust acquired 71,100 shares of treasury stock pursuant to a resolution adopted at the Board of Directors meeting held on 18 May 2021. As a result, treasury stock increased by ¥1,718 million, including acquisitions through the purchase of fractional shares and other transactions, and amounted to ¥6,214 million at the end of the six-month consolidated accounting period.」

「During the three-month cumulative consolidated period, the company acquired 99,100 shares of treasury stock pursuant to a resolution adopted at the Board of Directors meeting held on 30 April 2021. In addition, the employee stock benefit trust acquired 71,100 shares of treasury stock pursuant to a resolution adopted at the Board of Directors meeting held on 18 May 2021.」

「At a Board of Directors meeting held on 29 January 2021, the company resolved matters relating to the acquisition of treasury stock pursuant to Article 156 of the Companies Act, as applied by replacing the relevant provisions pursuant to Article 165, paragraph 3 of the same Act. 1. Reason for the acquisition: to enhance shareholder returns and improve capital efficiency. 2. Details of the acquisition: (1) Class of shares: common shares; (2) total number of shares that may be acquired: 400,000 shares (maximum), representing 1.07% of the total number of issued shares excluding treasury stock; (3) total acquisition cost: ¥1,000 million (maximum); (4) acquisition period: 1 February 2021 to 31 March 2021; (5) acquisition method: market purchases on the Tokyo Stock Exchange.」

「The company acquired 349,800 shares of treasury stock during the six-month cumulative consolidated period pursuant to a resolution adopted at the Board of Directors meeting held on 30 April 2020. As a result, treasury stock increased by ¥1,001 million, including acquisitions through the purchase of fractional shares and other transactions, and amounted to ¥3,488 million at the end of the six-month consolidated accounting period.」

「The company acquired 121,600 shares of treasury stock during the three-month cumulative consolidated period pursuant to a resolution adopted at the Board of Directors meeting held on 30 April 2020. As a result, treasury stock increased by ¥364 million, including acquisitions through the purchase of fractional shares and other transactions, and amounted to ¥2,851 million at the end of the three-month consolidated accounting period.」

「Total number of shares that may be acquired: 400,000 shares (maximum); total acquisition cost: ¥1,000 million (maximum); acquisition period: 1 May 2020 to 31 October 2020」

「The company acquired 800,000 shares of treasury stock during the nine-month cumulative consolidated period pursuant to a resolution adopted at the Board of Directors meeting held on 25 April 2019, and cancelled 1,200,000 shares of treasury stock on 31 May 2019. As a result, including acquisitions under the performance-linked stock compensation plan and through the purchase of fractional shares, the increase in treasury stock amounted to ¥2,099 million, while the decrease in treasury stock and retained earnings resulting from the cancellation and other transactions amounted to ¥2,638 million. Treasury stock amounted to ¥2,491 million at the end of the nine-month consolidated accounting period.」

「The company acquired 625,400 shares of treasury stock during the six-month cumulative consolidated period pursuant to a resolution adopted at the Board of Directors meeting held on 25 April 2019, and cancelled 1,200,000 shares of treasury stock on 31 May 2019. As a result, including acquisitions under the performance-linked stock compensation plan and through the purchase of fractional shares, the increase in treasury stock amounted to ¥1,632 million, while the decrease in treasury stock and retained earnings resulting from the cancellation and other transactions amounted to ¥2,638 million. Treasury stock amounted to ¥2,024 million at the end of the six-month consolidated accounting period.」

「The company acquired 13,100 shares of treasury stock during the three-month cumulative consolidated period pursuant to a resolution adopted at the Board of Directors meeting held on 25 April 2019, and cancelled 1,200,000 shares of treasury stock on 31 May 2019. As a result, the increase in treasury stock amounted to ¥32 million, including acquisitions through the purchase of fractional shares, while the decrease in treasury stock and retained earnings resulting from the cancellation amounted to ¥2,638 million. Treasury stock amounted to ¥423 million at the end of the three-month consolidated accounting period.」

「The company acquired 1,200,000 shares of treasury stock pursuant to a resolution adopted at the Board of Directors meeting held on 26 April 2018. As a result, during the nine-month cumulative consolidated period, treasury stock increased by ¥2,602 million, including acquisitions through the purchase of fractional shares, and treasury stock amounted to ¥3,028 million at the end of the nine-month consolidated accounting period.」

「The company acquired 1,200,000 shares of treasury stock pursuant to a resolution adopted at the Board of Directors meeting held on 26 April 2018. As a result, during the six-month cumulative consolidated period, treasury stock increased by ¥2,600 million, including acquisitions through the purchase of fractional shares, and treasury stock amounted to ¥3,027 million at the end of the six-month consolidated accounting period.」

「The company acquired 706,100 shares of treasury stock pursuant to a resolution adopted at the Board of Directors meeting held on 26 April 2018.」