Notice Regarding Share Repurchase Program (Share repurchase based on the Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act)

July 26, 2024

SMS Co., Ltd. hereby announces that, on July 26, 2024, its Board of Directors has resolved on matters relating to a share repurchase program based on Article 156 of the Companies Act, as applied by replacing the terms with Article 165, paragraph 3 of the Companies Act.

１．Reasons for Share Repurchase

This share repurchase is intended to enable flexible implementation of capital policies in response to changes in the business environment.

２．Details of Share Repurchase

(1) Class of shares to be repurchased	Common shares of SMS Co., Ltd.
(2) Total number of shares to be repurchased	995,500 shares (maximum)* (1.16% of total shares outstanding (excluding treasury shares))
(3) Aggregate repurchase price	2 billion yen (maximum)
(4) Repurchase period	From July 29, 2024 to September 30, 2024
(5) Repurchase method	Market purchase based on a discretionary trading agreement

* The total number of shares to be repurchased is calculated based on the aggregate repurchase price of 2 billion yen and the closing price (2,009 yen) on July 25, 2024, which is one business day before the Board resolution, and the number of shares less than one unit is rounded down.

(Reference) Treasury shares held as of June 30, 2024

Total number of shares outstanding (excluding treasury shares)	85,917,568 shares
Total number of treasury shares	1,644,032 shares

Notice Regarding Share Repurchase Program (Share repurchase based on the Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act)