Notice Regarding Share Consolidation, Abolition of Minimum Trading Unit and Partial Amendment of the Articles of Incorporation

Overview of Capital Policy

This IR announces the implementation of a share consolidation that will reduce the total number of issued shares to 2 shares and includes an amendment to the articles of incorporation to abolish the minimum trading unit. Following the consolidation, the shares will be delisted, with formal delisting scheduled for December 21, 2026 after designation as a reorganized security. Cash equivalent to 795 yen will be distributed for fractional-share handling, and cash distribution will be carried out following court procedures. The consolidation is part of a Luxshare-related acquisition and take-private plan and has been reviewed by an independent special committee to determine appropriateness.

Impact on Shareholders and Outlook

The transaction is structured to avoid shareholder dilution while taking the company private to aim for enhanced corporate value. Cash payments for fractional shares will be made for fractions less than one share, and no trading will occur on the Prime Market after delisting. Once the extraordinary shareholders meeting and the articles of incorporation amendment are approved, the share consolidation will take effect and court procedures will proceed for updating the shareholder register and making cash distributions.