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Management planning9941TAIYO BUSSAN KAISHA,LTD.Trading & Wholesale

Notice Regarding the Commencement of Consideration of a Transition to a Holding Company Structure

The company resolved at a Board of Directors meeting to begin considering a transition to a holding company structure. The transition is scheduled to be implemented around March 2027, but the specific method and post-transition structure will be determined in the future.

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Items stated in the management plan

Transition to a Holding Company Structure
Date of board resolution 30 September 2026 · Publication date 30 September 2026
Key initiatives
01Further growth of the company’s existing businesses
02Creation of New Businesses
03Expansion into businesses expected to generate synergies with existing businesses
04Promote M&A and capital and business alliances, among other initiatives
Items stated in the management plan
ItemDetails
Plan nameTransition to a Holding Company Structure
Key initiativesFurther growth of the company’s existing businesses, Creation of New Businesses, Expansion into businesses expected to generate synergies with existing businesses, Promote M&A and capital and business alliances, among other initiatives
Date of board resolution30 September 2026
Publication date30 September 2026
Items this document does not state (21)
Plan periodProgress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planReason for revision or withdrawalSize of the Target MarketRisks identified

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.

Because the company determined that it needed to restructure the group-wide management structure to advance the growth of existing businesses, the creation of new businesses, expansion into businesses expected to generate synergies with existing businesses, M&A and capital and business alliances in a flexible and efficient manner.

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Notice Regarding the Commencement of Consideration of a Transition to a Holding Company Structure | TAIYO BUSSAN KAISHA,LTD. (9941) timely disclosure | Komori