Notice of Approval of Share Consolidation, Abolition of the Unit Share System and Partial Amendment to the Articles of Incorporation

Overview of Capital Policy

At the extraordinary general meeting, the proposals for a share consolidation and partial amendment to the articles of incorporation were approved as proposed. The consolidation will target common shares, integrating 3,204,500 shares into 1 share. After the consolidation takes effect, the total number of issued shares will be 4 shares, and the abolition of the unit share system will be implemented simultaneously. After the consolidation, trading on the Tokyo Stock Exchange Standard Market and the Sapporo Securities Exchange Main Market will be impossible, and procedures for delisting will proceed.

Schedule and Impact Going Forward

The designated date for being categorized as a monitored issue is set as 2026-12-15, the final trading day is scheduled for 2027-01-12, the delisting date is 2027-01-13, and the effective date is 2027-01-15. Cash payment is expected for fractional shares as the handling for fractional share interests, and proceeds from the sale of fractional shares will be distributed. The transaction is conditional on the successful completion of a tender offer. No shareholder dilution is expected to occur as a result of this matter.