Notice Regarding Acquisition of Shares of Towns Co., Ltd. (Accounting for Investment by the Equity Method) and Capital and Business Alliance with the Company

Overview of M&A and Capital Alliance

Kurabo Industries Ltd. announced today its plan to acquire 21,600,000 shares of Towns, making the company an entity accounted for by the equity method. The acquisition price is 13,340 million yen, and Towns is expected to have 20.27% of voting rights after the acquisition. Concurrently, a capital and business alliance agreement will be concluded to pursue the creation of new products and services through joint research and development of life sciences-related products, sharing of technology and equipment, and cooperation in sales activities.

Future Impact and Disclosures

This matter is subject to completion of relevant regulatory merger reviews, and if approval is obtained early, the acquisition and alliance could be advanced. The impact on consolidated results for the fiscal year ending March 2027 is currently under examination; matters requiring disclosure will be announced promptly. The sales forecast is 16,000 million yen, operating income is 12,000 million yen, ordinary income is 13,300 million yen, and net income attributable to owners of parent is 22,500 million yen.