Notice Regarding Proposals to be Submitted at the 15th Ordinary General Meeting of Shareholders

Overview of Amendments to the Articles of Incorporation and Director Elections

The proposals to be submitted at the 15th Ordinary General Meeting of Shareholders consist of partial amendments to the Articles of Incorporation, the election of five directors, and the election of two directors who will serve as Audit and Supervisory Committee members. The amendments to the Articles of Incorporation are intended to support business expansion and response to new business areas, and include additions to the purpose clause and renumbering of items in the current articles. Of the director nominees, four incumbent directors are proposed for reappointment and one is proposed as a new appointment (including a candidate for outside director). For the Audit and Supervisory Committee members, one incumbent is proposed for reappointment and one is proposed as a new appointment. Mr. Yofumi Hirahara and Mr. Jin Amekoshi are expected to qualify as outside director candidates and to meet the Tokyo Stock Exchange requirements for independent directors.

Upcoming Schedule and Impact

The effective date for the amendments to the Articles of Incorporation is scheduled for 2026-11-25. Determination of director and Audit and Supervisory Committee member appointments will follow recommendations from the Nomination and Compensation Committee, and upon shareholder approval at the general meeting, new and reappointed directors will assume office alongside those whose terms expire. Consent from the Audit and Supervisory Committee has been obtained, and the slate includes individuals who are highly likely to satisfy the qualifications for independent directors.