Expansion of the remodeling business through the acquisition of 株式会社ささき as a subsidiary

「In the remodeling business, the Company developed new customers and, while beginning to consolidate the income statement of 株式会社ささき, which became a subsidiary at the end of the previous consolidated fiscal year, from the current interim consolidated accounting period, the number of construction orders across the Group declined, among other factors.」

「At a meeting of the Board of Directors held on 20 December 2023, the Company resolved to acquire all shares of 株式会社ささき and make it a subsidiary. It entered into a share transfer agreement on the same date and completed the acquisition of the shares on 3 June 2024.」

「At a meeting of the Board of Directors held on 20 December 2023, the Company resolved to acquire all shares of 株式会社ささき and make it a subsidiary, and entered into a share transfer agreement on the same date. By making 株式会社ささき a subsidiary, the Company intends to expand its remodeling business in the Tokyo metropolitan area, pursue greater Group synergies, and achieve sustainable growth. Business combination date: June 2024 (scheduled).」