Transfer of All Shares in Hankyu Hanshin Express to Mitsubishi Logistics

「Following extensive consideration in light of these circumstances, the company decided to transfer all shares in Japanese company 株式会社阪急阪神エクスプレス to Mitsubishi Logistics Corporation, which has strengths in logistics and ocean transportation and concentrates its management resources on the logistics sector. The company judged that the transfer would contribute both to the optimal allocation of its management resources and to strengthening the competitiveness and further growth of Japanese company 株式会社阪急阪神エクスプレス. The transfer is scheduled for January-March 2027, the transfer price is ¥120,110 million, and approximately ¥75 billion is expected to be recorded as extraordinary income in the consolidated income statement.」