(Disclosure Cancellation) Notice of Termination of Discussions on Joint Venture Establishment by Our Consolidated Subsidiary

Regarding the Termination of Joint Venture Discussions

Toyo Seikan Co., Ltd., a consolidated subsidiary of Toyo Seikan Group Holdings, Ltd., has terminated discussions with TOPPAN Holdings Corporation regarding the establishment of a joint venture to strengthen the supply system for lithium-ion secondary battery packaging materials in Sweden. Due to changes in the electric vehicle market business environment and changes in conditions with the planned supply destinations, a decision was made to forgo the joint venture establishment.

Outlook and Impact on Earnings

The impact on consolidated earnings for the fiscal year ending March 2026 due to the termination of these discussions is expected to be minor, and there are currently no plans to revise earnings guidance. However, disclosures will be made promptly if deemed necessary in the future. The consolidated earnings forecast for the fiscal year ending March 2026 is net sales of 960,000 million yen, operating income of 45,000 million yen, ordinary income of 48,000 million yen, and net income attributable to owners of parent of 49,000 million yen.