Notice Regarding Acquisition of Shares of Fujimaru Sangyo Co., Ltd. (Subsidiarization)

Purpose and Background of Share Acquisition

Tsurumi Manufacturing Co., Ltd. has resolved to acquire all outstanding shares of Fujimaru Sangyo Co., Ltd., making it a wholly owned subsidiary. Fujimaru Sangyo's principal businesses are rental of large underwater pumps, drainage facility construction, and pump maintenance. Its importance has increased recently due to heightened demand associated with heavy rainfall and disaster response. Tsurumi Manufacturing has established an integrated system leveraging its own large crane equipment to provide comprehensive repair and maintenance services. Under the medium-term management plan “Transformation 2027,” the company strongly recognizes its responsibility to supply essential products for social infrastructure and decided on full subsidiarization aiming to create business synergies.

Acquisition Terms and Future Outlook

The number of shares acquired is 20,000, representing 100% ownership voting rights. The acquisition price is undisclosed but is less than 15% of consolidated net assets and does not meet disclosure requirements. There is no impact on consolidated earnings for the fiscal year ending March 2026. The impact on future earnings forecasts is currently being examined and will be disclosed promptly if necessary. The acquisition procedures include contract signing on February 25, 2026, and share transfer execution scheduled for March 5, 2026.