#OverseasSubsidiaryEstablishment

The Company plans to establish an overseas subsidiary in Shanghai, China with capital of 35,000,000 RMB (equivalent to 788 million yen) in July 2026. The equity ratio is 50.4% indirect ownership, qualifying it as a specified subsidiary.

BayCurrent Inc. will establish a wholly-owned subsidiary in Delaware, USA, with capital of USD 1,000,000 in March 2026, aiming to strengthen overseas support system and expand its business.

In February 2026, a subsidiary with capital of 4,500 thousand USD will be established in California, USA, and a capital increase of 10,000 thousand USD will be executed for the grandchild company Protec Arisawa America Inc.

ITO EN, Ltd. will establish a subsidiary, ITO EN INDIA PRIVATE LIMITED, in the Republic of India with capital of 300 million rupees (approximately JPY 520 million) on April 1, 2026, to accelerate local business development.

Nitta Corporation plans to establish a subsidiary for processing and sales of semiconductor polishing products in Xinbei District, Changzhou City, Jiangsu Province, China in April 2026. The capital stock will be 5 million USD, and it will be a wholly owned consolidated subsidiary.