Notice of Massive Exercise, Completion of Exercise and Monthly Exercise Status of the 8th Stock Acquisition Rights (with Exercise Price Adjustment Clause) Allotted to Third Parties

Exercise Status of Stock Acquisition Rights and Fund Movements

This notice reports that the massive exercise of the stock acquisition rights (with exercise price adjustment clause) allotted to third parties on March 10, 2025, was completed between October 1 and October 15, 2026. During the month, delivery of 140,000 shares and exercise of 1,400 units were confirmed. The total number of issued shares is 10,390,644 shares, including 338,257 treasury shares. Funds raised through the exercise total 305,844,000 yen, of which 302,540,000 yen in subscription payments resulted from this exercise. Share delivery will be satisfied by treasury shares, and therefore there will be no impact on the total number of issued shares or capital. The scheduled delivery date is October 22, 2026. The funds are planned to be allocated to M&A and capital/business alliance related expenses. Growth Capital Co., Ltd. is involved as the exercising party.

Impact on Shareholders and Outlook

The exercise of these stock acquisition rights will reduce treasury shares by 140,000 shares; however, because the delivered shares will be allocated from treasury shares, there is no change expected in the total number of issued shares or in the amount of capital. The fundraising is approximately 306 million yen, with primary use for M&A and capital/business alliance related expenses. The announcement does not specify direct numerical impacts on future performance, but attention will focus on capital raising and progress in strategic partnerships.