Notice of Extraordinary Shareholders Meeting Concerning Share Consolidation, Abolition of the Minimum Trading Unit and Partial Amendment of the Articles of Incorporation

Overview of Capital Policy

At this extraordinary shareholders meeting, a proposal for share consolidation and partial amendment of the articles of incorporation will be submitted; the consolidation ratio is planned as 726,050 shares into 1 share, with an effective date scheduled for 2027-01-04. After the consolidation, the number of issued shares will be drastically reduced and is expected to become 23 shares in total. The consolidation will be accompanied by abolition of the minimum trading unit and partial amendments to the articles of incorporation. Delisting is scheduled for 2026-12-29, and following designation as a surveillance stock trading on the Tokyo Stock Exchange Prime Market will cease.

Impact on Shareholders and Future Outlook

This share consolidation is positioned as part of an MBO-like transaction aimed at privatization in conjunction with a tender offer, and fractional-share processing is expected to result in cash payments to shareholders. The cash amount for fractional-share processing is based on 2,270 yen, and after obtaining court approval it is expected to be paid to shareholders recorded in the register on 2027-01-03 according to their holdings. Details on corporate reorganizations related to the tender offer and squeeze-out procedures are also disclosed.