Notice Regarding Completion of Share Acquisition (Subsidiarization) of New Company Following the Acquisition of Secondary Battery Business from Murata Manufacturing Co., Ltd. and Tohoku Murata Manufacturing Co., Ltd.

Establishment of New Company and Completion of Subsidiarization

Maxell Holdings, Ltd. acquired all shares of a new company established through an absorption-type company split that succeeded the secondary battery business of Murata Manufacturing Co., Ltd. and Tohoku Murata Manufacturing Co., Ltd., as announced on June 16, 2025, completing the subsidiarization as of March 1, 2026. The new company is named Maxell Sakura Co., Ltd., with capital of 10 million yen, located in Koriyama City, Fukushima Prefecture, and its President and CEO is Yukio Hasegawa. The business involves the manufacturing and sales of primary batteries.

Significance of Subsidiarization and Future Outlook

Through this subsidiarization, Maxell Holdings, Ltd. aims to strengthen its secondary battery business and expand related operations. The new company is a 100% subsidiary of Maxell, and synergy effects within the group are expected. Specific impacts on earnings and future business development are not detailed in this document and remain unclear.