WELLNEO SUGAR completes treasury share disposal despite forfeited allotments

WELLNEO SUGAR Co., Ltd. completed the payment procedures for its third-party allotment of treasury shares to its employee Stock Ownership Association on December 15, 2025. This disposal, initially approved on September 17, 2025, involved a total of 7,400 shares of WELLNEO's common stock at JPY 2,612 per share, amounting to JPY 19,328,800.

The final number of shares and total value represent a change from the initially planned maximums of 9,000 shares and JPY 23,508,000, respectively. These adjustments resulted from certain allotments being forfeited, stemming from the conclusion of the membership promotion for employees to join the Stock Ownership Association and the finalization of member counts.

The company anticipates that the impact of this treasury share disposal on its consolidated business results for the fiscal year ending March 31, 2026, will be negligible. Further announcements will be made should any material developments arise.