Notice of approval regarding stock consolidation, abolition of the minimum trading unit, and partial amendment of the Articles of Incorporation

Section heading

This decision reports that the first proposal, 'Stock Consolidation,' and the second proposal, 'Partial Amendment of the Articles of Incorporation,' at the Extraordinary General Meeting of Shareholders were approved as originally proposed. A designation as a loss-make-up/selection stock is planned toward delisting after consolidation, and fractional shares may be sold to the offeror. The consolidation ratio is 3,377,178 shares into 1 share, and the effective date is October 14, 2026. The amendment to the Articles of Incorporation will remove or modify provisions related to the total number of authorized shares, the number of voting shares, and the standard date for the general shareholders meeting.

Section 2 heading

The fractional shares to be sold will be purchased by the offeror, and the sale proceeds will be paid to shareholders based on 257 yen after obtaining court approval. Funding is expected to come from the offeror's own funds, procedures are to proceed toward approval around mid-November 2026, and the final cash payment to shareholders is expected by late January 2027. As a result, following delisting, shareholders' rights structure will undergo significant changes.