Note: The original disclosure in Japanese was released on November 7, 2022 at 15:00. (GMT +9).

News Release Dated November 7, 2022

Company name: JCU CORPORATION

Representative: Masashi Kimura, Chairman & CEO

Stock code: 4975 / Tokyo Stock Exchange, Prime Section

Contact: Yoji Inoue, Director, Managing Executive Officer, General Manager of Corporate Strategy Office (Tel: +81-3-6895-7004)

Notice of Share Repurchase Program and Retirement of Treasury Shares (In accordance with the Articles of Incorporation pursuant to Paragraph 2,

Article 165 of the Companies Act and Article 178 of the Companies Act)

The Board of Directors of JCU CORPORATION approved a resolution on November 7, 2022 to purchase its own shares pursuant to Article 156 of the Companies Act which is applicable in lieu of Article 165, Paragraph 3 of the Companies Act, and to retire its treasury shares in accordance with Article 178 of the same act.

1. Reason for repurchase and retirement of shares

JCU will purchase and retire its own shares for the purposes of implementing a flexible capital policy.

2. Details of repurchase of shares

(1)

Type of shares to be repurchased

Common stock

Up to 450,000 shares

(2)

Total number of shares to be repurchased

(1.73% of total number of shares outstanding, excluding

treasury shares)

(3)

Total value of shares to be repurchased

Up to 1,000 million yen

(4) Acquisition period

From November 8, 2022 to March 31, 2023

(5) Acquisition method

Purchase on the Tokyo Stock Exchange

3. Details of retirement of shares

(1)

Type of shares to be retied

Common stock

(2)

Total number of shares to be repurchased

All of the treasury shares repurchased stated 2. above

To be determined. (JCU will make announcement when the

(3) Planned date of retirement

repurchase of treasury shares is completed and the scheduled

retirement date is determined.)

Reference: Treasury shares as of November 7, 2022

Total number of shares outstanding, excluding treasury shares

27,547,477 shares

Number of treasury shares

1,608,474 shares

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Disclaimer

JCU Corporation published this content on 25 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2022 04:23:05 UTC.