#JapaneseStock

Our wholly-owned subsidiary THE SEVEN US, INC. has subscribed to a third-party allotment by Legend Pictures, LLC, investing 150 million US dollars to establish a capital and business alliance.

The commencement of the tender offer for our shares by MM Holdings Co., Ltd. has been postponed from the initially scheduled early December 2025 and is now expected not to start by January 16, 2026.

Tsumura & Co. concluded a total unsecured loan agreement of 50 billion yen with a syndicate led by MUFG Bank as agent on January 16, 2026.

Correction of a description error related to weekday factors in the year-over-year comparison of existing stores for December of the fiscal year ending February 2026. The error was corrected from 'one additional Sunday, one less weekday' to 'one additional weekday, one less Sunday.'

Scheduled to dispose of 14,500 shares of treasury stock (total disposal price 22,620,000 yen) as restricted stock compensation to 12 eligible directors and others on February 13, 2026.

Mr. Fumihiko Kobayashi and Mr. Tsuyoshi Hachimura will resign as Representative Directors effective March 31, 2026, and Mr. Tomokuni Nishiguchi is scheduled to assume the position at the June 2026 Annual Shareholders Meeting. Concurrently, Mr. Makoto Kyoda will resign as Auditor, and Mr. Kenji Takai will be appointed.

The Company plans to additionally acquire common shares equivalent to 150 million yen on the market from January 20 to 23, 2026, based on the stock compensation system.

On March 27, 2026, 5,310 shares of treasury stock will be allocated as restricted stock to nine executive officers for a total of 10,800,540 yen.

At the Q2 financial results briefing for the fiscal year ending May 2026, expectations for increased orders and sales improvement through product restructuring were discussed, with recruitment activities continuing. Although there is a time lag in house deliveries for detached housing subdivisions, performance remains solid.

Tadano Ltd. has resolved to absorb its wholly owned subsidiary, Tadano Engineering Co., Ltd., effective April 1, 2026. The impact on consolidated earnings from the merger is expected to be minimal.

Director personnel changes scheduled for March 27, 2026. Two new director candidates (Hiroyuki Ogawa and Shotaro Inada) and two directors to resign (Hiroyuki Goda and Tatsuro Ishizuka) are planned.

Effective April 1, 2026, Michiaki Yashiro will be appointed Managing Executive Officer and Director, and Hiroyuki Goda will be appointed Managing Executive Officer. Hiroyuki Goda is scheduled to resign as Director as of March 27, 2026.