[MaxValu Tokai] Business Efficiency Improvement through Complete Subsidiary Merger | June 2026

Overview of the Merger

MaxValu Tokai resolved at the Board of Directors meeting held on June 18, 2026, to absorb and merge its wholly owned subsidiary, Delica Foods. The merger is scheduled for September 1, 2026, with the company itself remaining as the surviving company. This merger is a simplified merger under Article 796, Paragraph 2 of the Companies Act, and does not require approval at the general meeting of shareholders. The purpose of the merger is to enhance business efficiency and focus management resources. There will be no change in capital stock or business activities, and the status quo will be maintained after the merger.

Future Outlook and Impact

Since this is an absorption merger between wholly owned subsidiaries, it is expected to have no impact on consolidated performance. The merger aims to streamline operations and strengthen product supply systems. There will be no change in the capital structure or business content of either company, and the strategy moving forward is to promote closer collaboration and efficiency improvements.