Notice of Retirement of Senior Chairman | May 2026

Overview of Executive Personnel Changes

At the Board of Directors meeting held on May 20, 2026, our company resolved the retirement of Hidezō Terai. Mr. Terai proposed the SPARCS concept in 1992, assumed the position of President in 1997, then served as Chairman before contributing to management as Senior Chairman from 2020. The retirement is aimed at developing the next generation and contributing to the overall development of the industry, with the resignation effective as of May 28, 2026. In conjunction with this, the position of Senior Chairman will no longer be established, and we will work to expedite decision-making and strengthen corporate governance within the current management structure.

Future Management Structure and Outlook

With Mr. Terai's retirement, we will review our management team to enhance decision-making speed and corporate value. We will continue to foster next-generation leaders and promote management that contributes to the development of the entire industry, pursuing sustainable growth. Further details about specific measures and new management systems will be disclosed as appropriate.