Dynamic Map Platform makes Ricanos, which has a track record dating back to the early days of drone surveying, a wholly owned subsidiary in its second M&A transaction aimed at building a surveying network | Dynamic Map Platform Co.,Ltd. (336A) timely disclosure

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Improvement

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This transaction

Acquisition of shares in 株式会社リカノス (making it a subsidiary)

Disclosing companyDynamic Map Platform Co.,Ltd.

株式会社リカノスSubject of this transactionNumber of shares acquired All shares (number of shares: Not disclosed); number of voting rights: Not disclosedVoting rights ownership percentage After All shares (percentage: Not disclosed) (before not disclosed)

Target company

BIM/CIM-related services in the civil engineering and construction fields; photogrammetry and analysis using aircraft, including UAVs; ground-based laser surveying; and the provision of first-class civil engineering construction management engineers and CIM engineers

Location Yamagata City, Yamagata PrefectureDate of incorporation December 2006

Consideration and expenses

Type of ConsiderationCash (consideration for the share transfer)

Funding arrangementsBorrowing from The Yamagata Bank, Ltd.

Impact on Business Performance

The impact of making リカノス a subsidiary on the company's consolidated results is expected to be immaterial. If the company determines that a material impact has arisen, it will disclose the matter promptly.

Procedures and assumptions

Management structure after acquisitionThe representative director changed from Taira Yoshiyuki (平慶幸), who stepped down as representative director and became a technical adviser to the group, to Kawabata Izuru (川端出), who is listed as リカノス's representative. Employee treatment: Not disclosed

This transaction
Item	Details
Transaction name	Acquisition of shares in 株式会社リカノス (making it a subsidiary)
Name of the Subject Company	株式会社リカノス
Business Description of the Subject Company	BIM/CIM-related services in the civil engineering and construction fields; photogrammetry and analysis using aircraft, including UAVs; ground-based laser surveying; and the provision of first-class civil engineering construction management engineers and CIM engineers
Location of the Subject Company	Yamagata City, Yamagata Prefecture
Date of Establishment of the Subject Company	December 2006
Type of Consideration	Cash (consideration for the share transfer)
Number of shares acquired	All shares (number of shares: Not disclosed); number of voting rights: Not disclosed
Voting rights ownership percentage	After All shares (percentage: Not disclosed) (before not disclosed)
Funding arrangements	Borrowing from The Yamagata Bank, Ltd.
Impact on Business Performance	The impact of making リカノス a subsidiary on the company's consolidated results is expected to be immaterial. If the company determines that a material impact has arisen, it will disclose the matter promptly.
Management structure after acquisition	The representative director changed from Taira Yoshiyuki (平慶幸), who stepped down as representative director and became a technical adviser to the group, to Kawabata Izuru (川端出), who is listed as リカノス's representative. Employee treatment: Not disclosed

Items this document does not state (21)

Counterparty nameCapital Stock of the Subject CompanyNet 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 priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateExecution Date / Effective 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 transaction is intended to address challenges including the restructuring of the surveying industry and a shortage of successors, and to build a surveying network encompassing surveying, design and construction consulting companies across multiple regions. By incorporating リカノス's drone surveying technology and field-response capabilities, the group aims to expand its business in digital infrastructure development, disaster response and infrastructure maintenance.

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