Resolution on acquisition limit
Resolved 24 April 2026Market purchases on the Tokyo Stock Exchange: (1) market purchases on the auction market under a discretionary transaction execution arrangement; and (2) market purchases through closing-price transactions (ToSTNeT-2)The 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 18 May 2026 through 30 December 2026
To improve capital efficiency, return profits to shareholders, including holders of the Company's JDRs, and pursue a flexible capital policy that responds to changes in the business environment. In addition, from the perspective of ensuring smooth and appropriate acquisition procedures in the Japanese market, it was determined that the acquisition by YCP Japan, a wholly owned subsidiary of the Company, was appropriate.
| Item | Details |
|---|---|
| Class of shares to be acquired | Securities trust beneficiary certificates relating to the Company's ordinary shares |
| Maximum number of shares to be acquired | 3,185,000 JDRs (maximum) |
| Percentage of total issued shares | 14.25％ |
| Total acquisition price | US$15 million (¥2,398 million) (maximum) |
| Acquisition period | From 18 May 2026 through 30 December 2026 |
| Method of acquisition | Market purchases on the Tokyo Stock Exchange: (1) market purchases on the auction market under a discretionary transaction execution arrangement; and (2) market purchases through closing-price transactions (ToSTNeT-2) |
| Reason for acquisition | To improve capital efficiency, return profits to shareholders, including holders of the Company's JDRs, and pursue a flexible capital policy that responds to changes in the business environment. In addition, from the perspective of ensuring smooth and appropriate acquisition procedures in the Japanese market, it was determined that the acquisition by YCP Japan, a wholly owned subsidiary of the Company, was appropriate. |
| Resolution date | 24 April 2026 |
| Current number of treasury shares | 0 shares (as of 24 April 2026). The number of the Company's JDRs held by the Company is 0. Whether trust holdings are included: not disclosed. In addition, YCP Japan holds 0 shares of the Company and 0 of the Company's JDRs. |
| Total number of issued shares | 22,349,092 shares (excluding treasury shares; as of 24 April 2026). The total number of JDRs outstanding, excluding the Company's holdings, is 18,415,075. |
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 improve capital efficiency, return profits to shareholders and pursue a flexible capital policy that responds to changes in the business environment. In addition, from the perspective of ensuring smooth and appropriate acquisition procedures in the Japanese market, it was determined that the acquisition by YCP Japan, a wholly owned subsidiary, was appropriate.