Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

June 28, 2024
To whom it may concern,
Company name:Name of representative:

Inquiries:

Takashima & Co., Ltd.
Koichi Takashima, President andRepresentative Director(Securities code: 8007; Prime Marketof the Tokyo Stock Exchange)
Takahisa Tokumoto, General Managerof Strategic Planning & Management
Department(Telephone: +81-3-5217-7248)

Notice Concerning Disposal of Treasury Shares as Restricted Share-Based Remuneration
Takashima & Co., Ltd. (the “Company”) hereby announces that it has resolved, at a meeting of the Board ofDirectors held today, to dispose of treasury shares (the “Disposal of Treasury Shares” or the “Disposal”) as
described below.

1. Overview of the Disposal(1)

Date of the Disposal

July 24, 2024

(2)Class and number of shares
41,701 shares of common shares of the Company
to be disposed of(3)Disposal price

1,043 yen per share(4)Total amount of theDisposal

43,494,143 yen(5)Directors (excluding Directors who are Audit and Supervisory
Committee Members): 4 persons, 19,556 shares
Directors who are Audit and Supervisory Committee Members: 5Disposal recipients, thepersons, 3,255 shares
number of such recipients
Senior Executive Officers of the Company who do not concurrently
and the number of shares toserve as Directors: 3 persons, 5,865 shares
be disposed of
Executive Officers of the Company who do not concurrently serve asDirectors: 5 persons, 6,515 shares
General Managers of the Company: 10 persons, 6,510 shares

2. Purpose and reason for the Disposal
The Company has resolved at its Board of Directors meeting held on May 17, 2024, to revise the officer
remuneration system for the Company’s Directors (excluding those who are Audit and Supervisory CommitteeMembers) (the “Plan”). This revision includes newly adding the Company’s outside Directors to coverage under
the Plan and amending the contents of the Plan covering the Company’s Directors (excluding those who are Auditand Supervisory Committee Members) for the purpose of providing incentives for them to strive for sustainableimprovement of the corporate value of the Company and further promoting the sharing of value with ourshareholders. The Company also resolved to introduce the Plan, same as for Directors (excluding those who areAudit and Supervisory Committee Members), for the Company’s Directors who are Audit and Supervisory
Committee Members (together with Directors (excluding those who are Audit and Supervisory Committee
Members), hereinafter referred to as “eligible directors”) to further promote value sharing while providing incentive
to the Company’s Directors who are Audit and Supervisory Committee Members to prevent damage to theCompany’s corporate value and maintain its credibility. In addition, at the 136th Annual General Meeting ofShareholders held on June 25, 2024, the Company obtained approval to: 1) change the total amount of monetary
remuneration claims to be paid to Directors (excluding those who are Audit and Supervisory Committee Members)under the Plan to be not more than 60 million yen per year (of which, the amount for outside Directors is to be notmore than 10 million yen; excluding employee salaries of Directors who concurrently serve as employees), and thetotal number of common shares of the Company to be issued or disposed of under the Plan to be not more than
96,000 shares per year (of which, the amount for outside Directors is to be not more than 16,000 shares per year);2) set the total amount of monetary remuneration claims to be paid to Directors who are Audit and Supervisory
Committee Members at not more than 10 million yen per year and the total number of common shares of theCompany to be issued or disposed of at not more than 16,000 shares per year; and 3) change the definition of theRestriction Period from a “period between the date of allotment and the point of time immediately after retiringfrom the position specified in advance by the Company’s Board of Directors” to “period between the date ofallotment and the point of time immediately after resigning or retiring from the position specified in advance by theCompany’s Board of Directors among the positions of the officers and employees of the Company or subsidiariesof the Company (however, if said point of time immediately after resignation or retirement is earlier than the datewhen three months have elapsed after the end of the business year in which the date when the person is to be allotted
the Allotted Shares falls, the end of the Restriction Period shall be adjusted within a reasonable scope as necessary).
An overview of the Plan is as follows:
Overview of the Plan
The eligible directors, the Company’s Senior Executive Officers who do not concurrently serve as Directors,
Executive Officers who do not concurrently serve as Directors, and General Managers (collectively the “eligibledirectors, etc.”) shall pay all monetary remuneration claims to be paid to them by the Company under the Plan, in
the form of property contributed in kind, and shall, in return, receive ordinary shares of the Company that shall beissued or disposed of by the Company. The amount to be paid in per share shall be determined by the Board ofDirectors based on the closing price of the Company’s common shares on the Tokyo Stock Exchange on the business
day immediately preceding each date of resolution by the Board of Directors (if there is no closing price on suchdate, the closing price on the closest preceding trading day) within the extent that the amount will not be particularly
advantageous to the eligible directors, etc. who subscribe to the Company’s common shares.
Upon the issuance or disposal of common shares of the Company under the Plan, an agreement on the allotment of
restricted shares shall be entered into between the Company and the eligible directors, etc. and shall include suchprovisions as: 1) the eligible directors, etc. will be prohibited from transferring to third parties, creating a security
interest in, or otherwise disposing of the Company’s common shares allocated to them under the agreement for acertain time period; and 2) in the event that certain circumstances arise, the Company shall acquire the shares withoutcontribution.
At this time, following consultation with the Remuneration Committee or deliberations among Directors who are
Audit and Supervisory Committee Members, and considering the objectives of the Plan, the Company’s businessconditions, the scope of responsibilities of each eligible director, etc., and various other factors, the Company has
decided to grant a total of 43,494,143 yen in monetary compensation claims (the “Monetary Remuneration Claims”)
and 41,701 common shares, with the aim of further enhancing the motivation of each eligible director, etc.
For the Disposal of Treasury Shares, 27 eligible directors, etc., who are the scheduled allottees, shall pay all of theMonetary Remuneration Claims to the Company under the Plan, in the form of property contributed in kind, andshall, in return, receive common shares of the Company (the “Allotted Shares”) to be disposed of by the Company.
The overview of the agreement on the allotment of restricted shares (the “Allotment Agreement”) to be entered
between the Company and the eligible director, etc. for the Disposal of Treasury Shares is as described in Item 3below.
3. Overview of Allotment Agreement(1) Restriction Period
From July 24, 2024 (the “Disposal Date”) until the later of the time immediately after resigning or retiringfrom the position of Director, Executive Officer who does not concurrently serve as a Director, employee,or any other equivalent position of the Company, or the arrival of July 1, 2025
(2) Conditions of lifting of transfer restrictions
The transfer restriction on all of the Allotted Shares will be lifted at the expiration of the Restriction Periodon the condition that the eligible directors, etc. continuously hold the position of Director, Executive Officer
who does not concurrently serve as a Director, employee, or any other equivalent position of the Company
during the period from the date when they commence their duties to the time immediately preceding theconclusion of the first Annual General Meeting of Shareholders to be held thereafter (however, in the casewhere eligible directors, etc. are Senior Executive Officers who do not concurrently serve as Directors,

Executive Officers who do not concurrently serve as Directors, or General Managers, this period shall beread as the period from the beginning of the business year containing the Disposal Date to the last day ofthat business year; hereinafter referred to as the “Service Period”).
(3) Treatment in the event that the eligible director, etc. retires or resigns due to the expiration of their term ofoffice, retirement age or other justifiable reasons during the Service Period or after the Service Period but
before the expiration of the Restriction Period1) Timing of lifting of transfer restrictions
In the event that an eligible director, etc. resigns or retires from any position as a Director, Executive Officer
who does not concurrently serve as a Director, employee, or any other equivalent position of the Company
due to the expiration of their term of office, retirement age, or any other justifiable reason (includingresignation or retirement due to death), the Company will lift the restrictions on transfer of shares
immediately after such resignation or retirement.
2) Number of shares subject to lifting of transfer restrictions
The number of shares subject to the lifting of transfer restrictions shall be the number obtained bymultiplying the number of the Allotted Shares held by the eligible director, etc. at the time of retirement orresignation as specified in 1) above by the number obtained by dividing the number of months from themonth including the Disposal Date (however, in the case where the eligible director, etc. is Senior Executive
Officer who does not concurrently serve as a Director, Executive Officer who does not concurrently serve
as a Director, or General Manager, the date shall be read as the beginning of the business year containing
the Disposal Date) to the month containing such resignation or retirement by the number of months (12)contained in the Service Period (if the number obtained by the division is larger than 1, the number shall be
1, and any fraction less than one share resulting from the calculation shall be rounded down).
(4) Acquisition without contribution by the Company
In the event that an eligible director, etc. commits any act in violation of laws and regulations during theRestricted Period or falls under certain circumstances as set forth in the Allotment Agreement, the Company
shall automatically acquire without contribution the Allotted Shares held by the eligible director, etc. at thattime. In addition, the Company shall automatically acquire without contribution the Allotted Shares on
which the transfer restriction has not been lifted immediately after the expiration of the Restriction Period
or the lifting of the transfer restriction as stipulated in (3) above.
(5) Treatment during reorganization, etc.
If, during the Restriction Period, matters relating to a merger agreement in which the Company is thedisappearing company, a share exchange agreement or share transfer plan in which the Company becomesa wholly owned subsidiary, or other reorganization, etc. are approved at the Company’s General Meeting ofShareholders (or at a meeting of its Board of Directors in cases where approval at the Company’s General
Meeting of Shareholders is not required in relation to the reorganization, etc.), the Company shall, byresolution of the Board of Directors, lift the transfer restrictions on the Allotted Shares as at the time
immediately before the business day prior to the date on which the reorganization, etc. becomes effective.
The number of Allotted Shares subject to the lifting of restrictions are calculated by multiplying the numberof the Allotted Shares held at the time by the number obtained by dividing the number of months from themonth including the Disposal Date (however, in the case where the eligible director, etc. is Senior Executive
Officer who does not concurrently serve as a Director, Executive Officer who does not concurrently serve
as a Director, or General Manager, the date shall be read as the beginning of the business year containing
the Disposal Date) to the month containing the approval date by the number of months (12) contained in
the Service Period (if the number obtained by the division is larger than 1, the number shall be 1, and any
fraction less than one share resulting from the calculation shall be rounded down). In addition, the Company
shall automatically acquire without contribution all of the Allotted Shares on which the transfer restriction
has not been lifted as of the business day prior to the date on which the reorganization, etc. becomes effective.
(6) Administration of shares
The Allotted Shares shall be administered in a dedicated account opened by the eligible directors, etc. withNomura Securities Co., Ltd. during the Restricted Period to ensure that they cannot be transferred, pledged
or otherwise disposed of during the Restricted Period. In order to ensure the effectiveness of the restrictions
on transfer, etc. of the Allotted Shares, the Company has entered into an agreement with Nomura Securities
Co., Ltd. in relation to the management of the accounts for the Allotted Shares held by each eligible director,
etc. The eligible directors, etc. shall consent to the details of the management of such account.

4. Basis of calculation and specific details of the amount to be paid inThe Disposal of Treasury Shares to the scheduled allottees shall be carried out using the monetary remuneration
claims paid as the Restricted Share-Based Remuneration for the 137th fiscal year of the Company under the Plan as
property contributed in kind. To eliminate arbitrariness in the disposal amount, the disposal price is set at 1,043 yen,which is the closing price of the Company’s common shares on the Prime Market of the Tokyo Stock Exchange onJune 24, 2024 (the last business day prior to the date of resolution by the Board of Directors). The Company believes
that this amount is reasonable and does not constitute a particularly favorable amount as it is the market share priceon the day immediately prior to the date of resolution by the Board of Directors.
End.