Notice of Approval of Share Consolidation, Abolition of the Number of Shares per Trading Unit and Partial Amendment to the Articles of Incorporation

Overview of Capital Policy

At the extraordinary general meeting of shareholders, the proposal to consolidate shares, abolish the number of shares per trading unit, and partially amend the articles of incorporation was approved as proposed. The consolidation will combine 618,000 shares into 1 share. The total number of issued shares after the consolidation is TBD, and the effective date is scheduled for 2026-11-13. Following the consolidation, the Company will be delisted, and the designation date for special treatment will be the same day. Fractional shares will be sold to a purchaser by public offering with court permission, and the proceeds are expected to be paid in cash to shareholders holding fractional shares.

Future Schedule and Impact on Shareholders

The series of procedures including the effective date of the share consolidation will proceed. It is expected that an application for permission to sell will be filed between late November and mid-December 2026, the fractional share sale will occur in late December 2026, and the cash distribution will be completed by late February 2027. After delisting, trading on the Tokyo Stock Exchange Standard Market will no longer be possible, which will have a significant impact on shareholders.