Confidence Interworks (7374) announced on the 10th that at the board of directors meeting held on 2024/5/10, a resolution was made on the acquisition of treasury shares based on the provisions of Section 459 (1) of the Companies Act and the specific acquisition method thereof.

The reason for purchasing treasury stock is to implement a flexible capital policy in response to changes in the business environment, to utilize it in implementing future M&A strategies, enhance shareholder returns, and improve capital efficiency.

The acquisition method is 1,600 yen at the closing price on the 10th (including the final special sign), and the purchase is outsourced at the Tokyo Stock Exchange off-site share purchase (ToSTNet-3) at 8:45 a.m. on 2024/5/13. Note that the purchase order is an order for the transaction time limit, and changes to other transaction systems or transaction times are not carried out.

It was announced after the transaction ended at 8:45 a.m. on 2024/5/13 that the total number of shares that can be acquired was 600,000 shares (upper limit), the total acquisition price of shares was 960,000,000 yen (upper limit), the acquisition results were 530,000 shares to be purchased, and the total acquisition price was 848,000,000 yen.