Maxell concludes significant share buyback via ToSTNeT-3 transaction

Maxell, Ltd. completed a significant share buyback on November 19, 2025, through an off-auction own share buyback system (ToSTNeT-3). The company acquired 6,292,200 shares of its common stock for a total of JPY 13,232,496,600. This transaction concludes the acquisition of treasury stock, as announced by the board of directors on November 18, 2025.

The buyback aligns with Maxell's "Mid-Term Management Plan MEX26," announced in June 2024, which aims to enhance capital efficiency and shareholder returns, targeting a total payout ratio exceeding 100% during the MEX26 period. The decision to repurchase shares was prompted by a shareholder's intention to sell, allowing Maxell to mitigate potential market price impact and bolster shareholder value.

The resolution set an upper limit of 6,867,000 shares for acquisition, representing 15.9% of total issued shares (excluding treasury shares), and a maximum acquisition value of JPY 14,500,000,000. The company's execution acquired 91.6% of the maximum number of shares and 91.2% of the maximum value approved.