Decision to Repurchase Shares[Share repurchase in accordance with the provisions of articles of incorporation pursuant toParagraph 2, Article 165 of the Companies Act of Japan]
TOKYO, July 26, 2024 - Monex Group, Inc. (the “Company”) announces that its Board of Directors
has resolved today to repurchase its shares pursuant to Article 156 of the Companies Act of Japan(the “Act”), as applied pursuant to Paragraph 3, Article 165 of the Act.
1. Reasons for Share RepurchaseAs part of the efforts to implement management that is conscious of cost of capital and stock price,
the Company has decided to repurchase up to 5 billion yen of its own shares in order to return someof the unutilized cash to shareholders.
On January 4, 2024, the Company completed the sales of some common shares it held in theintermediate holding company formed by means of a sole share-transfer by Monex, Inc. to NTT
DOCOMO, Inc. and received approximately 46.6 billion yen (before considering tax) as aconsideration. The Company also announced that the cash will be used to aggressively invest ingrowth areas to further enhance the corporate value of the Group, and to substantially increase thedividend by revising shareholder distribution policy as follows*1.
*1 Press release dated October 4, 2023, “Revision of Shareholder Distribution Policy,”

https://www.monexgroup.jp/en/news_release/irnews/auto_20231004562798/main/0/link/press2023_10_04_FINAL.pdf[Cited from the press release dated October 4, 2023, “Revision of Shareholder Distribution Policy”]
Our basic principle is to increase our corporate value in a sustainable way as we drive
investments in the growth areas and enhancing our operating base in an aggressive yet
proper manner, while keeping a right balance of returning profits to our shareholders.
Therefore, shareholder returns shall be as follows. The Company will aim to pursue
enhanced total shareholder return*2.
1. The Company pays the minimum annual dividend of 30 yen per share*3.
2. In addition, if 50% of profit attributable to owners of tthe Company per shareexceeds the minimum amount stated in 1. above, then the minimum dividend
payment shall be 50% of profit attributable to owners of the Company per share.
3. The Company conducts share buyback in response to circumstances.
*2 Total shareholder return = (total capital gain + total dividends paid) /invested amount.
*3 The amount is double from the previous minimum dividend of 15 yen per share, resulting in an increase of total
annual dividend payment by 3.9 billion yen, and total annual dividend of approximately 7.7 billion yen.

The Company will keep striving for sustained growth in our corporate value through aggressive
growth investment commensurate with its return, and will make flexible management decisions,including shareholder returns such as share buybacks and retirement when a surplus of cash arises.

2. Details of share repurchase(1) Class of shares to be repurchased(2) Total number of shares to berepurchased(3) Total cost for repurchase(4) Repurchase Period(5) Repurchase Method

Common stock of the Company
Up to 14,000,000 shares(5.43% of the total number of shares issued andoutstanding (excluding treasury stock))
Up to 5,000,000,000 yen
From July 29, 2024 to June 30, 2025
Purchases from the market on the Tokyo Stock
Exchange based on a discretionary trading agreement

Reference: Treasury stock holdings of the Company as of today
Total number of the Company shares issued andoutstanding (excluding treasury stock)Total number of treasury stockContact:Akiko Kato
Corporate Communications OfficeMonex Group, Inc.
+81-3-4323-3983

257,884,796 shares
62,304 shares

Yuki Nakano, Taishi Komori
Investor Relations, Financial Control Department
Monex Group, Inc.
+81-3-4323-8698

This material is an English translation of a Japanese announcement made on the date above. Although the Company
intended to faithfully translate the Japanese document into English, the accuracy and correctness of this English
translation is not guaranteed and thus you are encouraged to refer to the original Japanese document. This translation
was made as a matter of record only and does not constitute an offer to sell or to solicit an offer to buy securities inthe U.S.