Land acquisition for the relocation of the Toyota Branch

「August 2022 Completion of the new Toyota Branch building」

「During the current consolidated fiscal year, we began constructing a new Toyota Branch building, which is scheduled for completion in July 2022.」

「At a meeting of the Board of Directors held on 12 February 2021, our company resolved to acquire fixed assets as follows. 1. Purpose of the acquisition The current Toyota Branch, completed in 1986, has served as one of our main sales offices, conducting sales activities primarily with automotive-related companies. However, more than 30 years have passed since its construction, and in recent years it has become notably outdated. Accordingly, the fixed assets will be acquired to develop the infrastructure of the Toyota Branch, expand its workforce and further expand sales activities. 2. Overview of the capital investment (1) Location　　　　　32 Nishimachi Miyakoshi, Chiryu City, Aichi Prefecture (2) Description　　　　Construction of a new Toyota Branch building (3) Capital investment　¥1.2 billion (planned) (4) Start of operations　July 2022 (planned)」

「Capital investment during the current consolidated fiscal year amounted to ¥121.364 million. The main item was a deposit paid for the acquisition of land for relocating our Toyota Branch.」