M3 continues share buyback program, acquires 149,400 shares in November

M3, Inc. (TSE Prime Market: 2413) repurchased 149,400 common shares totaling JPY 358,058,600 during November 2025, from November 1 to November 30. These acquisitions were executed through open market purchases on the Tokyo Stock Exchange via a discretionary trading contract.

The ongoing share buyback program, approved on May 2, 2025, authorizes the company to repurchase up to 20 million common shares (2.95% of total outstanding shares, excluding treasury shares) for a maximum of JPY 20 billion. This program commenced on May 3, 2025, and is scheduled to conclude on April 30, 2026.

As of November 30, 2025, M3's cumulative repurchases under this resolution total 1,600,100 common shares, with a combined value of JPY 3,306,267,300. The company previously noted that the actual execution of the buyback depends on market conditions and may not fully utilize the authorized limits.