Tsubaki Nakashima : Notice Concering Maintenance of Credit Ratin

April 4, 2024

Tsubaki Nakashima Co., Ltd.

Koji Hirota

Director and Representative Executive Officer CEO

(Code:6464, Prime, Tokyo Stock Exchange)

Contact for inquiries: Ikunori Morita

Phone: [phone]

Notice Concerning Maintenance of Credit Rating

Tsubaki Nakashima ("the Company) hereby announces that the Company's credit rating from Rating and Investment Information, Inc. ("R&I") has been maintained today. Details are as follows.

1. Details of Rating

Rating Agency	Type of Rating	Credit Rating	Outlook
R&I	Issuer Rating	BBB+	Stable

For details of rating definition and rationale, please refer to the press release issued by R&I (URL: https://www.r-i.co.jp/en/index.html).

2. Date of Announcement April 4, 2024

(Reference) History of Credit Rating

Date of Announcement	Rating Agency	Credit Rating	Outlook
March 25, 2021	R&I	BBB+ (new)	Stable
April 5, 2022	R&I	BBB+ (maintain)	Stable
April 5, 2023	R&I	BBB+ (maintain)	Stable

Disclaimer：The English translation is only for reference purposes. When there is any discrepancy between original Japanese version and English translation, the original Japanese version always prevails.