Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

August 15, 2022

To whom it may concern,

Company name

istyle Inc.

Representative

Tetsuro Yoshimatsu, President and CEO

(Stock Exchange Code: 3660)

Contact

Kei Sugawara, Director and CFO

TEL.03-6161-3660

Notice Concerning Change in a Major Shareholder

istyle Inc. ("the Company") announces the following change in a major shareholder as of August 15, 2022.

1. Background to the change

The Company was informed that Tetsuro Yoshimatsu, a major shareholder of the Company, transferred a part of

his shareholding to Y Corporation, an asset management company of Tetsuro Yoshimatsu, on August 13, 2022. As a result, Tetsuro Yoshimatsu is no longer a major shareholder.

2. Summary of the shareholder subject to the change Shareholder who will no longer be a major shareholder

(1)

Name

Tetsuro Yoshimatsu

(2)

Address

Shibuya-ku, Tokyo

(3)

Relationship with the

President and Representative Director

Company

3. Number of voting rights held by the shareholder (number of shares held) and percentage of total voting rights held by all shareholders

Number of voting rights

Percentage of total

Shareholder

Number of shares held

voting rights held

ranking

Before change

71,486

10.0

1

As of June 30, 2022

7,148,600 shares

After change

71,286

9.9

1

7,128,600 shares

(Note) 1. Number of voting rights, Number of shares held, and Shareholder ranking are based on the shareholder list as of June 30,

2022.

2. Percentage of total voting rights held is calculated based on 714,410 voting rights of all shareholders, etc. as of June 30, 2022, and rounded down to the second decimal place.

4. Outlook

The above change will not affect the Company's management or business performance.

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Disclaimer

Istyle Inc. published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 07:52:04 UTC.