Notice Regarding the Expected Change in the Largest Shareholder, Who Is Also a Major Shareholder, and Other Major Shareholders | Sobal Corporation (2186) timely disclosure

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35Immaterial

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Direction

Neutral

Direction inferred from the company’s description.

Scale

1740000

Wording

Avoiding a definitive answer

How definitive the wording is.

Expected change in the largest shareholder, which is also a major shareholder, and other major shareholders

Subject Entity

NEXCORE Co., Ltd.; Evercore Co., Ltd.

Occurrence31 July 2026 (scheduled date of the change and effective date of the incorporation-type company split)

Awareness or receipt of notice5 June 2026 (the date on which the Company received a report from Evercore Co., Ltd.)

This disclosure06/05/2026

Cause

The incorporation-type company split was approved by resolution of the board of directors of Evercore Co., Ltd. dated 5 June 2026. NEXCORE Co., Ltd. is scheduled to be established, and 1,740,000 shares of the Company held by Evercore are scheduled to be transferred to NEXCORE.

Change in voting rights ownership ratio

NEXCORE Co., Ltd.44.20％→22.10％（-22.10pt）

The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.

Voting rights ownership percentage before the change

NEXCORE Co., Ltd.: Voting rights and ownership ratio, both nil (as of 28 February 2026). Evercore Co., Ltd.: 34,800 voting rights (3,480,000 shares), 44.2%, ranked No. 1 (as of 28 February 2026).

Voting rights ownership percentage after the change

NEXCORE Co., Ltd.: 17,400 voting rights (1,740,000 shares), 22.1%, ranked No. 1. Evercore Co., Ltd.: 17,400 voting rights (1,740,000 shares), 22.1%, ranked No. 1.

Impact on Earnings Forecast

There are no matters requiring specific disclosure regarding the outlook.

Related procedures

Type

Incorporation-type company split (the prescribed procedures are scheduled to be completed)

Outlook

NEXCORE Co., Ltd. is scheduled to be established, subject to completion of the prescribed procedures, with 31 July 2026 as the effective date. There are no matters requiring special disclosure regarding the outlook at this time.

Event that occurred
Item	Details
Event name	Expected change in the largest shareholder, which is also a major shareholder, and other major shareholders
Date of occurrence	31 July 2026 (scheduled date of the change and effective date of the incorporation-type company split)
Date recognized / date notice received	5 June 2026 (the date on which the Company received a report from Evercore Co., Ltd.)
Subject Entity	NEXCORE Co., Ltd.; Evercore Co., Ltd.
Cause	The incorporation-type company split was approved by resolution of the board of directors of Evercore Co., Ltd. dated 5 June 2026. NEXCORE Co., Ltd. is scheduled to be established, and 1,740,000 shares of the Company held by Evercore are scheduled to be transferred to NEXCORE.
Impact on Earnings Forecast	There are no matters requiring specific disclosure regarding the outlook.
Type of litigation or proceeding	Incorporation-type company split (the prescribed procedures are scheduled to be completed)
Voting rights ownership percentage before the change	NEXCORE Co., Ltd.: Voting rights and ownership ratio, both nil (as of 28 February 2026). Evercore Co., Ltd.: 34,800 voting rights (3,480,000 shares), 44.2%, ranked No. 1 (as of 28 February 2026).
Voting rights ownership percentage after the change	NEXCORE Co., Ltd.: 17,400 voting rights (1,740,000 shares), 22.1%, ranked No. 1. Evercore Co., Ltd.: 17,400 voting rights (1,740,000 shares), 22.1%, ranked No. 1.
Outlook	NEXCORE Co., Ltd. is scheduled to be established, subject to completion of the prescribed procedures, with 31 July 2026 as the effective date. There are no matters requiring special disclosure regarding the outlook at this time.

Items this document does not state (15)

Target Locations / ProductsAmount of Impact on Business PerformanceAccounting period in which recognizedCourt or authorityPlaintiffDefendantDate of filing / date of actionClaim amount / surcharge amountAmount of receivables at risk of non-collection or delayed collectionSuspended operationsScheduled resumption dateInvestigation structureMeasures to prevent recurrenceDirectors' and officers' liabilityPlanned follow-up disclosure

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The incorporation-type company split was approved by resolution of the board of directors of Evercore Co., Ltd., and, in connection with the establishment of NEXCORE Co., Ltd., 1,740,000 of the 3,480,000 shares of the Company held by Evercore are scheduled to be transferred to NEXCORE.

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