On the 11th, Shin Nippon Kiko <1952> announced that it had resolved matters related to the acquisition of treasury stock at the board meeting held on the same day, based on the provisions of Article 156 of the Companies Act as applied by reading it in accordance with the provisions of Article 165, Paragraph 3 of the same Act.

This acquisition of treasury stock is aimed at enhancing shareholder returns and improving capital efficiency.

The total number of shares that can be acquired is 0.38 million shares (upper limit), which is 1.66% of the total number of issued shares (excluding treasury stock), with a total acquisition price of 1 billion yen (upper limit). The acquisition period is from November 12, 2024, to February 28, 2025, and the acquisition method is market purchase on the Tokyo Stock Exchange. In addition, the company plans to implement a stock split at a ratio of 2 shares for each share, so after the effective date of the stock split (January 1, 2025), the total number of shares that can be acquired will become 0.76 million shares (upper limit).