Notice Regarding Business Acquisition by Our Subsidiary

Section Heading

This announcement concerns WillPlus Reht Co., Ltd., a consolidated subsidiary, acquiring part of the Volvo authorized dealer business operated by First Auto Co., Ltd. The purpose of the acquisition is to expand the business through M&A as a mid- to long-term growth strategy, and to commence Volvo brand expansion in Saitama Prefecture for the first time. The acquisition targets are Volvo Car Urawa and Volvo Car Omiya, including the transfer of current assets, fixed assets, and employees, with net sales of 2,740 million yen (fiscal year ending March 2026). The acquisition price is currently undetermined, and the settlement is planned in cash. The impact on future consolidated results is expected to be minor, and we will disclose any additional information promptly.

Section 2 Heading

The acquiring company WillPlus Reht Co., Ltd. is located in Minato Ward, Tokyo, and conducts imported car sales, automotive maintenance, parts sales, and non-life insurance agency services. First Auto Co., Ltd. is based in Saitama Prefecture and operates as a Volvo authorized dealer as well as providing insurance agency services. This business acquisition will enhance the store network in the Kanto region and broaden the brand, aiming to improve customer experience by leveraging know-how in imported car sales and after-sales service in the future. The schedule for the acquisition is that the contract is to be signed on June 17, 2026, and the business transfer date is planned for August 1, 2026 (scheduled).