Announcement Regarding the Results of the Tender Offer for Shares of BR Holdings Corporation (Securities Code: 1726) and Change in Subsidiaries (Change in Specified Subsidiaries)

Regarding the Results of the Tender Offer

Yokogawa Bridge Holdings Corporation concluded its tender offer conducted from February 5, 2026 to March 23, 2026 for the common shares and stock acquisition rights of BR Holdings Corporation, acquiring a total of 36,026,555 shares (voting rights ownership ratio of 79.14%). The purchase price was 530 yen per common share and 105,800 yen per stock acquisition right, with a total acquisition price of 19,093 million yen. As a result, the target company is scheduled to become a consolidated subsidiary as of March 30, 2026, and its related company Kyokuto Kowa Co., Ltd. will become an indirect subsidiary.

Change in Subsidiaries and Future Outlook

As a result of the tender offer, BR Holdings Corporation became a specified subsidiary of the tender offeror, and Kyokuto Kowa Co., Ltd. also became a specified (indirect) subsidiary on the same day. Reports on the target company's capital, business performance, and major shareholder structure have been provided. Moving forward, procedures to make the target company a wholly-owned subsidiary will proceed, and delisting from the Tokyo Stock Exchange Prime Market is planned. The impact on future business performance is currently under review and will be disclosed promptly if necessary.