Inclusion of a Subsidiary with Increased Materiality in the Scope of Consolidation

「In April 2026, UTハイテス株式会社 absorbed UT MESC株式会社 in an absorption-type merger.」

「At a meeting of its Board of Directors held on 25 November 2024, the Company resolved to carry out, with 1 April 2025 as the effective date, an absorption-type merger in which its wholly owned subsidiary UTコネクト株式会社 would be the surviving company and UTパートナーズ株式会社 the absorbed company (the “Merger”). The Company entered into the merger agreement on 27 November 2024 and completed the merger on 1 April 2025.」

「During the interim consolidated fiscal period, the following companies were included in the scope of consolidation: Share acquisitions: 株式会社ビーネックスパートナーズ (renamed UTパートナーズ株式会社); 株式会社日立茨城テクニカルサービス (renamed UTハイテス株式会社) During the interim consolidated fiscal period, the following companies were excluded from the scope of consolidation: Sale: UTテクノロジー株式会社, UTコンストラクション株式会社」

「In April 2024, the company acquired all shares in BeNEXT Partners Co., Ltd., which changed its corporate name to UT Partners Co., Ltd., and made it a consolidated subsidiary. It also sold all shares in UT Technology Co., Ltd. and UT Construction Co., Ltd. In May 2024, it acquired 51% of the shares in Hitachi Ibaraki Technical Service Co., Ltd., which changed its corporate name to UT Hites Co., Ltd., and made it a consolidated subsidiary.」

「At a board meeting held on 27 November 2023, the company resolved to acquire all shares of 株式会社ビーネックスパートナーズ and make it a subsidiary, and to transfer all shares held by the company in its consolidated subsidiaries UTテクノロジー株式会社 and UTコンストラクション株式会社 to Open Up Group Inc. It also entered into a share transfer agreement on the same date.」

「At a board meeting held on 26 May 2023, the company resolved to sell all shares of Ｊ－ＣＥＰ株式会社 held by the company, an equity-method affiliate. It entered into a share transfer agreement on the same date and completed the procedures on 23 June 2023.」

「From the third-quarter consolidated accounting period, Green Speed Co., Ltd. was excluded from the scope of consolidation following the sale of all shares held.」

「Based on a resolution of the board of directors held on 27 September 2021, the company conducted an absorptive merger on 1 April 2022, with ＵＴコミュニティ株式会社, renamed ＵＴコネクト株式会社, as the surviving company and 株式会社サポート・システム, 株式会社シーケルホールディングス, 株式会社シーケル, ＵＴプログレス株式会社 and ＵＴＨＰ株式会社 as the absorbed companies. It also succeeded to the area-strategy business division of ＵＴエイム株式会社 through an absorptive company split.」

「The following 7 companies were newly included as consolidated subsidiaries. Share acquisitions: 株式会社プログレスグループ 株式会社プログレス 富士通エフサス・クリエ株式会社 Additional acquisitions: 株式会社スリーエム 株式会社スリーエム中部 株式会社スリーエム東海 株式会社スリーエムスタッフ The following 5 companies were excluded from the scope of consolidation. Mergers: 株式会社プログレスグループ 株式会社スリーエム 株式会社スリーエム中部 株式会社スリーエム東海 Sale: ＵＴシステムプロダクツ株式会社」

「From the third quarter of the current consolidated accounting period, the company included Fujitsu FSAS Create Co., Ltd. in the scope of consolidation after acquiring 51% of its issued shares in October 2021. The company changed its corporate name to UT FSAS Create Co., Ltd.」

「From the first-quarter consolidated accounting period, the company acquired 20% of the issued shares of Ｊ－ＣＥＰ株式会社, which owns all shares of 株式会社ＡＪホールディングス, the parent company of 株式会社アーキ・ジャパン, and all shares of 株式会社アクト・ジャパン, in April 2021, and included the 4 companies in the scope of equity-method accounting.」

「From the first-quarter consolidated accounting period, 株式会社プログレスグループ was included in the scope of consolidation following the acquisition in May 2021 of 100% of its issued shares. In addition, the company acquired additional shares of 株式会社スリーエム in May of the same year and, having acquired all shares, changed the company from an equity-method affiliate to a consolidated subsidiary. 株式会社スリーエム owns all shares of 株式会社スリーエム中部, 株式会社スリーエム東海 and 株式会社スリーエムスタッフ.」

「From the third-quarter consolidated accounting period, 株式会社シーケルホールディングス, which owns 100% of 株式会社シーケル, was included in the scope of consolidation following the acquisition of all its shares on 30 November 2020. In addition, Green Speed Joint Stock Company, which owns 100% of Green Speed Co., Ltd. and Hoang Nhan Co., Ltd., was included in the scope of consolidation following the acquisition of 51% of its shares on 22 October 2020. UTエージェント株式会社, which had been a consolidated subsidiary, was excluded from the scope of consolidation because its liquidation was completed on 30 October 2020.」

「From the second-quarter consolidated accounting period, 水戸エンジニアリングサービス株式会社 was included in the scope of consolidation following the acquisition of all of its shares on 1 July 2020.」

「From the first-quarter consolidated accounting period, ＴＢＬＳサービス株式会社, 東芝情報システムプロダクツ株式会社 and 東芝オフィスメイト株式会社 were included in the scope of consolidation following the acquisition of their shares on 1 April 2020.」

「株式会社Ｌｅｉ　Ｈａｕ’ｏｌｉ, which had been a consolidated subsidiary, was excluded from the scope of consolidation, with the end of the third-quarter consolidated accounting period treated as the deemed sale date, following the sale of all shares held by the company on 29 January 2020.」

「From the first quarter of the fiscal year, Fujitsu Aprico Co., Ltd. was included in the scope of consolidation following the acquisition of 51% of its shares on 1 April 2018. Its name was also changed on the same date to FUJITSU UT Co., Ltd.」

「From the first-quarter consolidated accounting period, 富士通アプリコ株式会社 was included in the scope of consolidation following the acquisition of 51% of its shares on 1 April 2018. Its corporate name was changed on the same date to “ＦＵＪＩＴＳＵ　ＵＴ株式会社.”」

「From the first quarter of the fiscal year, Fujitsu Aprico Co., Ltd. was included in the scope of consolidation following the acquisition of 51% of its shares on 1 April 2018. Its name was also changed on the same date to FUJITSU UT Co., Ltd.」

「UTハートフル株式会社 and UTライフサポート株式会社, which were unconsolidated subsidiaries in the previous consolidated fiscal year, were included in the scope of consolidation from the current consolidated fiscal year because their materiality had increased. 株式会社Lei Hau’oli became a consolidated subsidiary following the acquisition of its shares on 28 April 2017. In addition, 株式会社アテックス and 株式会社フォワード, which were consolidated subsidiaries in the previous consolidated fiscal year, were excluded from the scope of consolidation from the current consolidated fiscal year because they ceased to exist following absorptive mergers, with UTテクノロジー株式会社 and UTシステム株式会社, respectively, as the surviving companies.」

「From the first-quarter consolidated accounting period, UTハートフル株式会社 and UTライフサポート株式会社, previously unconsolidated subsidiaries, were included in the scope of consolidation because their materiality had increased, together with 株式会社Lei Hau'oli, whose shares were acquired in full.」