#Pigeon

Pigeon Corporation resolved at the Board of Directors meeting on March 27, 2026, to partially revise the Basic Policy on Internal Control Systems. The revision clarifies the compliance framework and the enhanced roles of the Risk Management Committee.

Regarding the appointment of director candidates dated March 27, 2026, Ms. Chiaki Hayashi withdrew her candidacy, resulting in partial changes to the director candidates and a resolution to partially withdraw proposals for the 69th Annual General Meeting of Shareholders.

Voluntary recall of 10,290 units of the nursing care product 'HabiNurse Easy Clean Butt Mist' (manufactured March to October 2025). Impact on consolidated business results is announced as minor.

Pigeon Corporation resolved the nomination of director candidates and personnel changes for Group Executive Officers effective March 27, 2026. Mr. Nobuo Takubo is scheduled to assume the new position of Senior Executive Officer and Director.

The performance-linked stock compensation plan for directors will be continued from 2026 through 2028, with a planned revision to raise the upper limit of shares obtainable from the equivalent of 65,000 shares to 120,000 shares.