Notice Regarding Acquisition of Shares (Subsidiarization) of Coldrush Logistics Private Limited, a Cold Chain Logistics Company Based in India

Overview of M&A

Kyuso Distribution System Co., Ltd. resolved at the Board of Directors meeting on April 23, 2026, to acquire shares of India-based cold chain logistics company Coldrush Logistics Private Limited and make it a subsidiary. The number of shares acquired is 144,504, representing 51.6% of voting rights, at an acquisition price of 2,750 million yen. Coldrush serves major customers such as food manufacturers and the foodservice industry across India, providing cold chain logistics services requiring temperature control. Against the backdrop of growth potential in the Indian market, the company aims to enhance and expand cold chain logistics services by leveraging Coldrush’s logistics bases and transportation network.

Outlook and Impact

The impact of this share acquisition on consolidated earnings for the fiscal year ending November 2026 is expected to be minor. The share transfer execution date is scheduled for August 10, 2026. Going forward, the company will continue to strengthen services through the integration of temperature control technologies and contribute to enriching India’s food lifestyle. Important matters requiring disclosure will be promptly announced.