#ToyoEngineering

Correction of an error in the description of the number of issued shares related to the conversion of Class A preferred shares to common shares disclosed on April 10, 2026. The increase in common shares has been revised to +500,100 shares.

On April 10, 2026, Toyo Engineering converted a total of 500,100 Class A preferred shares held by Integral Team Investment Limited Partnership and Innovation Alpha Team L.P. into common shares, increasing the number of common shares from 58,328,707 shares to 58,828,807 shares.

On April 1, 2026, 5,740,100 Class A preferred shares were converted into common shares, increasing common shares by 5,740,100 shares to a total of 58,328,707 shares.

As of March 31, 2026, 14,030,100 Class A Preferred Shares (69.22% of the total outstanding shares) will be canceled, resulting in 6,240,200 Class A Preferred Shares outstanding after cancellation.

On March 18, 2026, 5,171,800 Type A preferred shares were converted into 5,171,800 common shares, increasing the number of common shares from 47,416,807 to 52,588,607 shares.

As of March 18, 2026, due to the partial conversion of Class A preferred shares into common shares, the voting rights ownership ratio of Mitsui Chemicals, Inc. is expected to decrease from 13.45% to 9.84%, resulting in their exclusion as a major shareholder.

On February 27, 2026, Toyo Engineering Corporation converted 4,659,800 Class A preferred shares into 4,659,800 common shares, increasing the number of common shares from 42,757,007 to 47,416,807 shares.

Toyo Engineering Corporation announced changes to its executive lineup, including the change of Chairman of the Board and appointments, promotions, and resignations of executive officers, ahead of the Annual General Meeting of Shareholders scheduled for June 25, 2026.

4,198,500 Class A preferred shares were converted into 4,198,500 common shares, increasing the number of common shares from 38,558,507 shares to 42,757,007 shares.

For the third quarter of the fiscal year ending March 2026, net sales were JPY 131.902 billion (down 35.8% YoY), operating loss was JPY 20.995 billion, and net loss attributable to owners of parent was JPY 17.493 billion.

The full-year consolidated earnings forecast for the fiscal year ending March 2026 was revised downward to net sales of 185 billion yen (7.5% decrease from previous forecast) and operating loss of 20 billion yen. The dividend forecast was changed to no year-end dividend.