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How definitive the wording is.This transaction
Dissolution and closure of 安速日用化学（蘇州）有限公司Disclosing companyEarth Corporation
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Manufacture, sale and import/export of daily-use products
Location Suzhou High-Tech Zone, Jiangsu Province, ChinaShare capital US$10 millionDate of incorporation 20 May 2005
Net Sales¥974 million (fiscal year ended December 2025)
Operating profit¥41 million (fiscal year ended December 2025)
Net income for the current fiscal year¥59 million (fiscal year ended December 2025)
Net assets¥2,839 million (fiscal year ended December 2025)
Impact on Business Performance
The impact of this matter on our consolidated results is currently under review. If we determine that a revision to our earnings forecasts is necessary, we will make an announcement promptly.
Procedures and assumptions
Management structure after acquisitionFollowing the dissolution, closure procedures for 安速日用化学（蘇州）有限公司 will be carried out. Products previously manufactured at its plant will continue to be supplied through measures including the transfer of production equipment to other sites within the Earth Corporation group.
| Item | Details |
|---|---|
| Transaction name | Dissolution and closure of 安速日用化学（蘇州）有限公司 |
| Name of the Subject Company | 安速日用化学（蘇州）有限公司 |
| Business Description of the Subject Company | Manufacture, sale and import/export of daily-use products |
| Location of the Subject Company | Suzhou High-Tech Zone, Jiangsu Province, China |
| Capital Stock of the Subject Company | US$10 million |
| Date of Establishment of the Subject Company | 20 May 2005 |
| Net Sales of the Subject Company | ¥974 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | ¥41 million (fiscal year ended December 2025) |
| Net Income of the Subject Company | ¥59 million (fiscal year ended December 2025) |
| Net Assets of the Subject Company | ¥2,839 million (fiscal year ended December 2025) |
| Voting rights ownership percentage | Before 100% (after not disclosed) |
| Impact on Business Performance | The impact of this matter on our consolidated results is currently under review. If we determine that a revision to our earnings forecasts is necessary, we will make an announcement promptly. |
| Date of board resolution | 13 May 2026 |
| Execution Date / Effective Date | 15 May 2026 (scheduled) (date of dissolution) |
| Management structure after acquisition | Following the dissolution, closure procedures for 安速日用化学（蘇州）有限公司 will be carried out. Products previously manufactured at its plant will continue to be supplied through measures including the transfer of production equipment to other sites within the Earth Corporation group. |
Items this document does not state (17)
Counterparty nameAcquisition 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)Contract 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 cost competitiveness of 安速日用化学（蘇州）有限公司 declined due to rising labor costs in China and the prolonged depreciation of the yen. Earth Corporation has determined that it is necessary to consolidate its production sites in China and optimize its production structure.
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