Eltes Executives Acquire Shares Through Private Deal

TOKYO, May 20 (Pulse News Wire) – Eltes CO.,LTD. (3967.T) announced today that its executive vice president, Yoshihiro Ito, acquired ordinary shares of the company through a private transaction outside the market.

The acquisition was made from TS Partners, a subsidiary asset management firm led by CEO Takahiro Sugihara. Ito purchased a total of 50,000 shares at a price of ¥594 per share, based on the closing price on May 19, 2026. The transaction took place and does not trigger any significant changes in major shareholder status. According to the company, the move reflects Ito's commitment to enhancing the company’s long-term value and growth. The board approved both the transaction and the loan of funds to Ito for the purchase during their meeting held yesterday.

In his comments, Ito stated that since assuming the role of executive vice president in May 2025, he has focused on thorough performance management and reforming the company from an investor perspective. He emphasized that acquiring these shares aligns him more closely with shareholders' interests and supports sustainable value enhancement. Additionally, Ito noted that previous attempts to acquire shares via open-market purchases were hindered due to non-public information related to ongoing negotiations involving Portfolio Saihen and Curve Out Koushoutou. The amount spent on this acquisition equals the total expected compensation Ito would receive over the next few years. Going forward, he plans to continue reinvesting his entire compensation back into purchasing additional company shares, aiming to contribute to the company's long-term value alongside other shareholders.