Overhaul of the Management Structure and Collaboration with C.I. Medical Co., Ltd.

「During the fiscal year, AIR WATER INC. became the parent company of 歯愛メディカル Co., Ltd., the Company's parent company, making the Company one of the AIR WATER Group companies. Medical institutions, including dental clinics, which are major customers of 歯愛メディカル Co., Ltd., have a high proportion of women among their customers, who are also the Company's primary customer base. The Company has already begun expanding its sales channels through the use of 歯愛メディカル Co., Ltd.'s sales network, and will contribute to value creation within the AIR WATER Group by achieving further growth.」

「The parent company, 歯愛メディカル Co., Ltd., has medical institutions, primarily dental clinics, as customers. Because women account for a high proportion of healthcare professionals, who form the core of the Company's customer base, the Company will seek to acquire new customers and expand sales by expanding its sales channels through the use of 歯愛メディカル Co., Ltd.'s sales network.」

「Against this backdrop, at the 52nd Annual General Meeting of Shareholders held on 29 May 2024, Sugawara Tomoki (菅原知樹) became Representative Director and President, Iino Toshiaki (飯野利明) newly became the director responsible for the Product Business Division, and Yamauchi Masaharu (山内昌晴) of 歯愛メディカル Co., Ltd., the largest shareholder, became an outside director, thereby revamping the management structure. Going forward, while considering collaboration with 歯愛メディカル Co., Ltd., the largest shareholder, the Company will work to improve service quality and address various issues with the aim of becoming an e-commerce business chosen by customers」