Notice of Concluding a Basic Agreement for Acquisition of Shares of LIMNO (Acquisition of shares involving changes in subsidiaries, changes of specific subsidiaries)

Overview of the news

We have concluded a basic agreement to acquire LIMNO shares and to make LIMNO a wholly owned subsidiary. The acquisition will be subject to due diligence and equity valuation, with final contract signing planned, and the acquisition value is 600 million yen (planned). After the acquisition, we will strengthen the core of our group by integrating LIMNO’s business base with our management functions.

PMI and organizational integration policy

We will dissolve LIMNO’s Tokyo headquarters and consolidate overlapping management functions at the head office to accelerate decision-making and reduce fixed costs, while preserving and strengthening LIMNO’s on-site operations. Many of the management and financial control functions will be integrated into our group to enhance monthly management and consolidated management.