Notice Regarding Establishment of a Joint Venture with Techbuild Co., Ltd.

Overview of Joint Venture Establishment

Mbs Inc will establish a joint venture with Techbuild Co., Ltd. through joint investment to build a structure that provides integrated services including repair and renovation works for houses and various structures, painting and waterproofing work, scaffolding and other temporary works, and related businesses. Capital from both companies will total 40 million yen (contribution amount 40,000 thousand yen; capital stock 20,000 thousand yen + capital reserve 20,000 thousand yen), with an equity ratio of 50/50. The planned establishment date is December 2026, and the fiscal year-end will be February. After establishment, it is expected to become an associated company accounted for by the equity method.

Counterparty and Future Developments

The counterparty is Techbuild Co., Ltd., headquartered in Ota-ku, Tokyo. Its capital stock is 210 million yen, and the President and CEO is Mr. Masahiro Mochizuki. Going forward, director and auditor appointments will be determined, and specific business allocation will be decided through consultations. The matter is recognized as contributing to medium- to long-term enhancement of corporate value, and examination of future earnings impact and disclosures will be made as appropriate.