#Merger

As of April 1, 2026, consolidated subsidiary Nisseki Glass Industry Co., Ltd. and sub-subsidiary Shinsei Glass Co., Ltd. will merge to pursue operational efficiencies and strengthen business foundations.

An absorption-type merger will be implemented on April 1, 2026, with Carrit’s consolidated subsidiary, Sogo Sekkei Co., Ltd. as the surviving company and SD Network Co., Ltd. as the dissolved company. There will be no capital increase or new share issuance accompanying the merger.

Gunze Limited will absorb its wholly-owned subsidiary SEESAY Co., Ltd. as of April 1, 2026, aiming to streamline group management. The impact of the merger on consolidated performance is expected to be minimal.

Scheduled absorption merger of wholly owned subsidiary Japan Steel Works M&E Co., Ltd. as of April 1, 2026. No share allotment will occur in connection with the merger, and the impact on consolidated earnings is expected to be minimal.

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.