East Japan Railway Company Railway to Buy Shares of Toshiba Electric Manufacturing

TOKYO, Jul 15 (Pulse News Wire) – East Japan Railway Company (9020.T) decided to acquire shares of Toshiba Electric Manufacturing Co., Ltd. (TICKER_1) through a private placement of treasury stock.

On August 06, 2026, the company plans to purchase ordinary shares totaling 578,000. Additionally, the company intends to conduct share purchases via ToSTNeT-1 trading on July 21, 2026, acquiring 385,000 ordinary shares, and through open-market purchases during the period from July 16, 2026 to August 18, 2026, aiming to buy 10,500 additional shares. This acquisition qualifies as a "buy-in action equivalent to a public tender offer," according to Article 167, Paragraph 1 of the Financial Instruments and Exchange Act and Order No.

31 of the Enforcement Ordinance of the Financial Instruments and Exchange Act. The total number of acquired shares represents approximately 10.07% of the total voting rights of shareholders based on the combined total voting rights of Toshiba Electric Manufacturing Co., Ltd. as of May 31, 2026, which includes the increase due to the private placement of treasury stock, amounting to 96,684 votes (rounded to three decimal places).