#ConsolidatedSubsidiary

Hitachi Zosen will transfer 25,000 shares of its consolidated subsidiary HZME (shareholding ratio decreases from 65% to 40%) to Imabari Shipbuilding, and HZME will be reclassified as an equity-method affiliate as of March 31, 2026.

Hakuto Co., Ltd. acquires 76% of shares in Indian company Rabyte Edge, making it a consolidated subsidiary. Number of shares acquired: 19,007,600 shares; Board resolution on 2026-02-05.

Maxell Holdings, Ltd. plans to transfer all equity of its consolidated subsidiary Wuxi Maxell Energy Co., Ltd. to a Chinese company for 48.96 million RMB (approximately 1,083 million JPY), with the transfer execution scheduled for February 2026.

On February 2, 2026, Futaba Industrial decided on a capital increase of 20.5 million USD (approx. 3.1 billion JPY) to its Chinese consolidated subsidiary, Tianjin Shuangxie Machinery Industry Co., Ltd., raising the capital to approximately 4.1 billion JPY.

Capital of consolidated subsidiary Dongguan Futaba Metal Products Co., Ltd. will be reduced from USD 23.29 million to USD 6.15 million, resulting in removal from specified subsidiaries. The capital reduction takes effect in late June 2026.

Yodoko Corporation concluded a basic agreement on January 28, 2026, to transfer 95% equity interest in its consolidated subsidiary, Yodogawa Seiyo (Hefei) High-tech Steel Sheet Co., Ltd., to Shanghai Qin Heng International Trade Co., Ltd.

On January 22, 2026, Kyocera Corporation completed the transfer of all shares of its U.S. subsidiary Kyocera Industrial Tools, Inc. for 75,413 million yen. The transfer price may fluctuate going forward.

Scheduled on February 6, 2026, full transfer of 14,128 shares of consolidated subsidiary Video Market Inc. to PLAY Inc., resulting in its exclusion from consolidation.

MTG Co., Ltd. has resolved to dissolve its consolidated subsidiary Aimiti Commerce Co., Ltd. (MTG Shanghai). Operating losses have continued from 2022 to 2024, and the action aims to optimize management resources.