Notice of Decision on Matters Concerning Purchase of Treasury Shares and Cancellation of Treasury Shares
(Purchase of treasury shares under the provisions of the Articles of Incorporation pursuant to Article 165, paragraph 2 of the Companies Act and cancellation of treasury shares pursuant to Article 178 of the Companies Act)
We hereby announce that the Board of Directors, at a meeting held on May 12, 2023, resolved matters relating to the purchase of treasury shares pursuant to Article 156 of the Companies Act as applied pursuant to Article 165, paragraph 3 of the said Act, as well as matters relating to the cancellation of treasury shares pursuant to Article 178 of the said Act.
1. Reason for purchase and cancellation of treasury shares
To enhance shareholder returns by implementing agile capital policies that respond to business environment changes and improve capital efficiency.
2. Details of matters relating to the purchase
(1) Type of shares to be acquired: Common shares of the Company
(2) Total number of shares to be acquired: 400,000 (maximum)
(Ratio to the total number of shares issued (excluding treasury shares): 1.92%)
(3) Total purchase amount: 700,000,000 yen (maximum)
(4) Purchase period: From May 29, 2023 to September 30, 2023
3. Details of matters relating to the cancellation
(1) Class of shares to be canceled: Common shares
(2) Number of shares to be canceled: 1,500,000
(Percentage of total outstanding shares before cancellation: 6.42%)
(3) Total number of outstanding shares after cancellation: 21,829,775
(4) Scheduled cancellation date May 26, 2023
(Reference) Ownership of treasury shares as of March 31, 2023
Total number of shares issued and outstanding (excluding treasury shares): 20,736,352
Number of treasury shares: 2,593,423
