Translation
N o te : Th is d o c u m e n t h a s b e e n t ra n s la te d fr o m th e J a p a n e s e o ri g i n a l f o r re fe re n c e p u rp o s e s o n l y. I n t h e e v e n t o f a n y d i s c re p a n c yb e tw e e n t h is tra n s la te d d o c u me n t a n d t h e J a p a n e s e o ri g i n a l , t h e o ri g i n a l s h a l l p re v a i l .

June 20, 2024
To whom it may concern
Company:
Representative:

Code:
Contact:

Digital Garage, Inc.
Kaoru Hayashi,
Representative Director,President, Executive Officer and Group CEO
4819 (TSE, Prime Section)
Hiroyuki Nozaki,
Corporate Officer, Deputy Head of Corporate Div.
Tel: +81-3-6367-1111
URL: https://ir.garage.co.jp/en/

Notice of Share Repurchase(Share repurchases in accordance with the Articles of Incorporation pursuant to Article 165 (2) of the Companies Act)At the Board of Directors' meeting on June 20, 2024, Digital Garage, Inc. (the “Company”) decided to repurchaseits own shares in accordance with Article 156 of the Companies Act as applied pursuant to Article 165, paragraph 3of the said Act.
1.

Reason for Share Repurchase
The Company views shareholder returns as one of its important management priorities. In the medium-termplan started in the fiscal year ended March 31, 2024 (announced on May 11, 2023), the Company set the basic
policy for ordinary dividends to pay a “progressive dividend” by continuously increasing dividends, using cash
flow generated from businesses that are expected to achieve stable profit growth as a source. The Company also
intends to pay dividends totaling 10 billion yen or more over the five years of the plan. In addition, the Company
intends to use a portion of the income from its successful investment and incubation business for the flexible
shareholder return.
The Company is currently engaged in a group-wide effort to accelerate its growth strategy and maximize thecorporate value, including the reorganization of its marketing business to be more closely aligned with its
payment business and other initiatives to optimize its business portfolio, as well as the cash flow allocation
including growth investment in new business areas with its cost of capital in mind.
As a result of these successful measures, the Company expects to see steady full-year performance in its coreplatform solution segment, driven by the payment business. In the investment and incubation business, the saleof securities holdings has progressed faster than planned in the medium-term plan. Reflecting the businessprogress, the Company decided to repurchase its shares as an active shareholder return initiative.

2.

Details of Share Repurchase(1)

Class of Shares

Common Stock of the Company

Total number of stocks

Up to 2,200,000 shares

to be repurchased(4.64% of total number of shares issued, excluding treasury stock)(3)

Total purchase amountUp to 4 billion yen(4)

Purchase Period

June 24, 2024 - January 31, 2025

(5)

Purchase method(2)Market purchases on the Tokyo Stock Exchange based on a discretionary
trading contract1

(Reference) Total number of shares held in treasury as of March 31, 2024
Total number of shares issued (excluding treasury stock) 47,379,729 shares
Shares held in treasury

239,371 shares2