Notice Regarding the Conclusion of a Basic Agreement on Capital and Business Alliance with Konan Shoji Co., Ltd.

Overview of Capital and Business Alliance

Valor Holdings Co., Ltd. signed a basic agreement on capital and business alliance with Konan Shoji Co., Ltd. This alliance aims for both companies to collaborate to strengthen their business foundations in product procurement, logistics, store operations, and human resources. Specifically, they will deepen market penetration mainly in the Kansai and Kanto regions, mutually supply private brand products, and jointly research logistics businesses. They have already co-opened three supermarket stores. Additionally, they have concluded non-tender agreements and shareholder agreements related to Konan Shoji's tender offer for Allenza Holdings Co., Ltd.

Future Outlook and Contract Details

The impact on consolidated financial results for the fiscal year ending March 2026 due to this capital and business alliance is considered minimal. Specific alliance details and commencement timing are undecided and will be discussed and negotiated going forward. The shareholder agreement stipulates that the voting rights ownership of Allenza Holdings will be approximately 49.4% by our company and approximately 50.6% by Konan Shoji, including details on organizational structure and appointment rights of directors. The non-tender agreement commits our company not to participate in the tender offer, and a squeeze-out procedure is also planned. Any material impact discovered will be promptly disclosed.