Notice of Approval for Partial Transfer of the 10th Stock Acquisition Rights

Overview of the stock acquisition rights transfer approval

At a Board of Directors meeting held on August 19, 2026, the company approved the partial transfer of the 10th stock acquisition rights issued on June 8, 2026. The transferee is Koki Energy Co., Ltd., from Sustainable Energy Investment Partnership LLC, for 10,000 units (equivalent to 1,000,000 shares) at 207 yen per unit. The transfer was approved after confirming that Koki Energy’s investment is purely for investment purposes, not for management control, that the company has previously exercised rights under similar stock acquisition rights it has acquired, and that there remains potential for future exercise that could lead to additional share acquisition.

Future impact and outlook

The transfer of stock acquisition rights is deemed to facilitate the company’s fundraising and promote the system-grade storage battery business, with no direct impact expected on the company's financial performance. Exercise of the stock acquisition rights may be possible from June 26, 2026, to June 25, 2031, and depending on future exercise status, could potentially dilute shares in the market.