#ChangeInOtherAffiliatedCompanies

As of March 24, 2026, Hokuetsu Corporation is expected to be excluded from Daio Paper's other affiliated companies. Hokuetsu Corporation transferred 11,000,000 shares of treasury stock, reducing its voting rights ownership ratio from 24.83% to 19.71%.

As of March 18, 2026, Sojitz Corporation was removed from other affiliated companies, with the number of shares held reduced to 5,963,300 shares (voting rights ratio 14.80%). There is no impact on consolidated financial results.