Matters Relating to Controlling Shareholders

Disclosure of Controlling Shareholder Relationships

As matters related to the company's controlling shareholders, it is disclosed that Koshin Tsushin holds 24.74% of the company's voting rights. It is noted that there is no direct ownership and that the ownership is held through the said company, and that the listed market for outstanding shares is the Tokyo Stock Exchange Prime Market. There is no disclosure of material matters in business transactions or personnel relationships, and the company recognizes that decision-making is conducted while maintaining independence. There are no matters concerning transactions with the relevant controlling shareholders.

Impact and Future Disclosures

This disclosure aims to enhance transparency regarding shareholder value and decision-making processes, and it is explained that current independence is being maintained. The existence of a controlling shareholder may be a point of consideration for investors assessing potential impacts on long-term capital strategy and capital allocation. Additional disclosures can be expected in the future if there are updates on the movements of major shareholders or the status of transactions with related companies.