Pilot Corporation announced the establishment of a sales subsidiary named PT Pilot Pen Marketing Indonesia in the Republic of Indonesia. The decision to set up the subsidiary was made at a meeting of the Company's Board of Directors held on August 7, 2023, and it was established on October 3, 2023. Purpose of establishing the subsidiary: The Company and Pilot Group are striving to strengthen their operations and secure the top spot in the global market for writing instruments.

As a part of this endeavour, the Company has established a sales subsidiary in Indonesia, which is considered to be a promising market, to boost sales and increase market share in the country. Outline of the subsidiary: Official company name: PT Pilot Pen Marketing Indonesia; Location: The special capital district of Jakarta, the Republic of Indonesia; Representative: Daisuke Sekitani, President and Representative Director; Business: Sale of writing instruments and other goods: Capital: IDR 23.0 billion; Equity stake: Wholly owned by the PILOT Group; Established: October 3, 2023, and Business commencement date: December 21, 2023.