Notice of Changes in Representative Director and Other Directors

Overview of Changes to Directors and Executive Structure

At a Board of Directors meeting, the Company has informally approved personnel changes to the board including a change in the Representative Director. The formal decision is scheduled to be made following approval at the Annual General Meeting of Shareholders to be held on November 26, 2026 and a subsequent resolution of the Board of Directors. Specifically, current Representative Director and CEO Hiroya Katabuchi will continue as the new Representative Director and CEO, and current Representative Director and Chairman Yuichiro Yamada will transition to Chairman without representative authority, focusing on group oversight and the development of M&A candidates. Seiko Fukuhara, from the founding family, will be proposed as a director candidate to strengthen management agility and advance capital policy.

Background of the New Structure and Future Outlook

In light of the challenging market environment, and with the aim of complying with listing maintenance standards of the Growth Market and enhancing corporate value, the Company will reinforce technology-led organizational management and swift decision-making. Seiko Fukuhara, who has been involved since the founding period, will play a role in redefining management around a technology-first philosophy. The new structure aims to promote agile capital measures (M&A, strategic partnerships, shareholder returns, etc.) in coordination with CEO Katabuchi.