Notice of Extraordinary General Meeting of Shareholders Regarding Share Consolidation, Abolition of the Number of Shares per Trading Unit and Partial Amendment of the Articles of Incorporation

Overview of Share Consolidation and Articles Amendment

Under the share consolidation, 315,200 ordinary shares will be consolidated into 1 share, dramatically reducing the number of issued shares from 1,891,494 shares to 6 shares. Fractional shares resulting from the consolidation will be settled through cash payments to shareholders, and the amount for fractional-share settlement is expected to be the consolidated fraction multiplied by 1,340 yen. By abolishing the number of shares per trading unit and amending the articles of incorporation, the number of authorized shares will be reduced to 24 shares, and the delisting date is scheduled for 2026-12-16. The extraordinary general meeting of shareholders is scheduled for 2026-11-16, and the record date and other scheduled dates for this extraordinary general meeting have also been disclosed.

Ensuring Fairness and Conflict of Interest

This transaction is a squeeze-out procedure aimed at making the bidder a wholly owned subsidiary through the tender offer. An independent special committee has been established, and fairness is being ensured through a third-party valuation firm and legal advisors. The cash payment for fractional-share settlement is based on the tender offer price of 1,340 yen, and cash payments will be implemented with court approval from the perspective of shareholder protection.