[Toshō] Shareholder Structure and Transaction Details | June 2026

Shareholder Structure of the Controlling Shareholders

This document provides details on the voting rights ownership ratios of the controlling shareholders, Mr. Toshi Kumoto and Mr. Yuichiro Kumoto, as of March 31, 2026. Mr. Toshi Kumoto directly owns 43.72% and an additional 19.95% from consolidated entities, totaling 63.67%, and holds a controlling stake. Mr. Yuichiro Kumoto directly owns 11.56%, with an additional 52.11% from consolidated entities, also totaling 63.67%. The combined voting rights ownership ratio for both is 63.67%. The terms of transactions are reviewed and approved under normal conditions, and appropriate measures to protect minority shareholders are duly implemented.

Transaction Details and Future Measures

Transactions with the controlling shareholders are described as being conducted under ordinary terms, with no particularly significant matters noted. It is explained that all transactions are reviewed and approved by the Board of Directors, ensuring proper protection of minority shareholder interests. The company plans to continue efforts to maintain transparency and strengthen relationships with its controlling shareholders.