Integrated Management through Consolidation of Core Companies in the Industrial Materials Business Division

「During the interim consolidated accounting period, シーエルエス株式会社, which had been a consolidated subsidiary of the Company, was absorbed in a merger by 高島インダストリーズ株式会社, a consolidated subsidiary of the Company, and became the disappearing company. It was therefore excluded from the scope of consolidation.」

「In addition, on the same date, a share exchange was carried out under which 高島インダストリーズ株式会社 became the wholly owning parent company and タクセル株式会社, ハイランド株式会社 and 株式会社信防エディックス became wholly owned subsidiaries. The purpose of this share exchange was to promote integrated management of the business division and its development by making 高島インダストリーズ株式会社 the parent company of the Industrial Materials Business Division, further accelerating decision-making in business operations, promoting the development of systems and an environment conducive to investment in human resources, and establishing an operating structure suited to the business environment.」