Takashima & Co., Ltd. announced that Board of Directors has resolved at a meeting held on April 1, 2024. The company plans to terminate the business upon completion of fulfillment of claims and obligations under the contract by the end of March 2024. The Company has considered the smoothest possible method to avoid as much confusion as possible in the current business operations due to the transition, and to achieve greater flexibility in the selection and concentration of business operations.

As a result, the Company decided not to reorganize the company through a "corporate split" as stipulated in the Companies Act. Instead, the Company have adopted the scheme of establishing a new company and transferring the business to the new subsidiary. Company name, Takashima Industries Co., Ltd., Location, 4, 3cho-me, Kandasurugadai, Chiyoda-ku, Tokyo, Title and name of representative, President and Representative Director, Tsutomu Nishida (Senior Executive Officer, Division Chief of Industrial Material Division), Business, Design, processing and sales of industrial fibers and textiles, plastic materials and molded products, parts of rolling stocks, environment-related products, etc., Capital, Y=350,000,000, (6) Date of establishment, January 19, 2024 (scheduled), (7) Fiscal year end, March 31, (8) Major shareholders, 100% held by Takashima & Co.

Ltd. (3) Date of resolution by Board of director, December 14, 2023, (2) Date of New Company's Establishment, January 19, 2024 (Scheduled), (3) Date of Business Start, April 1, 2024 (Scheduled).