Notice Regarding Status of Share Repurchase (Share repurchase based on the Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act)
SMS Co., Ltd. (the “Company”) hereby announces the status of share repurchase, based on Article 156 of the Companies Act, as applied by replacing the terms with Article 165, paragraph 3 of the Companies Act, which was resolved at its Board of Directors on April 28, 2025.
| (1) Class of shares repurchased | Common shares of SMS Co., Ltd. |
| (2) Total number of shares repurchased | 1,704,600 shares |
| (3) Aggregate repurchase price | 2,310,632,900 yen |
| (4) Repurchase period | From May 1,2025 to May 31,2025 (based on delivery date*) |
| (5) Repurchase method | Market purchase based on a discretionary trading agreement |
*The "delivery date" is the date two business days after the trade date, and is the date on which the Company becomes a substantial holder of the shares.
(Reference)
１．Details of the purchase resolved at the Board of Directors on April 28, 2025
| (1) Class of shares to be repurchased | Common shares of SMS Co., Ltd. |
| (2) Total number of shares to be repurchased | 3,382,600 shares (maximum)* (3.98% of total shares outstanding (excluding treasury shares)) |
| (3) Aggregate repurchase price | 4 billion yen (maximum) |
| (4) Repurchase period | From April 30, 2025 to July 31, 2025 (based on trade date) |
| (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 4 billion yen and the closing price (1,182.5 yen) on April 25, 2025, which is one business day before the Board resolution, and the number of shares less than one unit is rounded down.
２．Total number of shares repurchased pursuant to the above (as of May 31, 2025, based on delivery date)
| (1) Total number of shares repurchased | 1,704,600 shares |
| (2) Aggregate repurchase price | 2,310,632,900 yen |
Notice Regarding Status of Share Repurchase (Share repurchase based on the Articles of Incorporation pursuant to Article 165, Paragraph 2 of the Companies Act)