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M&A and Subsidiary Changes2593ITO EN,LTD.Food

(Update on Previously Disclosed Matter) Notice Regarding Company Split (Simplified Absorption-Type Company Split) with Consolidated Subsidiary

The representative of the successor company following the previously announced company split involving the vending machine and related businesses has been determined. Effective 1 May 2026, the successor company is scheduled to change its trade name to "株式会社伊藤園ネオス," and Kishi Nozomu (貴志 望) is scheduled to become its President and Representative Director.

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This transaction

This company split
Counterparty (target company)ネオス株式会社
Disclosing companyITO EN,LTD.
Voting rights ownership percentage

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.

TimelineThe spacing between the points is proportional to the actual number of days.
Target company

Sales of beverages and food products through vending machines, and maintenance and management of vending machines Other businesses incidental or related to the above

Location Taito-ku, TokyoShare capital ¥80 millionDate of incorporation 8 May 1985
Procedures and assumptions
Management structure after acquisitionEffective 1 May 2026, the company will change its trade name from ネオス株式会社 to 株式会社伊藤園ネオス. The President and Representative Director will be Kishi Nozomu (貴志 望). 株式会社伊藤園 will be the largest shareholder, with a 100.00% ownership interest.
This transaction
ItemDetails
Transaction nameThis company split
Counterparty nameネオス株式会社
Name of the Subject Companyネオス株式会社
Business Description of the Subject CompanySales of beverages and food products through vending machines, and maintenance and management of vending machines Other businesses incidental or related to the above
Location of the Subject CompanyTaito-ku, Tokyo
Capital Stock of the Subject Company¥80 million
Date of Establishment of the Subject Company8 May 1985
Voting rights ownership percentageAfter 100.00% (before not disclosed)
Date of board resolution27 January 2026
Execution Date / Effective Date1 May 2026 (planned)
Management structure after acquisitionEffective 1 May 2026, the company will change its trade name from ネオス株式会社 to 株式会社伊藤園ネオス. The President and Representative Director will be Kishi Nozomu (貴志 望). 株式会社伊藤園 will be the largest shareholder, with a 100.00% ownership interest.
Items this document does not state (21)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution

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 title and name of the representative of the successor company following the company split, which had been undecided when the transaction was announced on 27 January 2026, have been determined.

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(Update on Previously Disclosed Matter) Notice Regarding Company Split (Simplified Absorption-Type Company Split) with Consolidated Subsidiary | ITO EN,LTD. (2593) timely disclosure | Komori