Notice Regarding Conclusion of Merger Agreement with Consolidated Subsidiary

Purpose and Method of Amalgamation

This merger is an absorption-type merger with Fuji Electric FIAS Co., Ltd. as the surviving company, aiming to further streamline the Group's financial and accounting operations and optimize fund management. The merger will be conducted through a simplified and streamlined process, targeting organizational efficiency through intra-group reorganization. There will be no new share issuance, no increase in capital, and no merger consideration payments.

Outlook and Impact

The impact on consolidated results after the merger is expected to be minor, and if any significant impact arises, we will promptly disclose it. At present, there is no information indicating any substantial changes in financial indicators.