Announcement Regarding the Acquisition of Shares in Nakatsu Seisakusho Co., Ltd.

Dear valued customers,

We are pleased to announce that our company has acquired 100% of the outstanding shares of Nakatsu Seisakusho Co., Ltd. (Headquarters: Saitama Prefecture) on February 28, 2023, making it a fully owned subsidiary.

○ Main objectives:
To realize our mid-term management plan by expanding the sales of our main product, the DC geared motor, through NPM's sales channels.

On the same day, an extraordinary shareholders' meeting and an extraordinary board of directors' meeting were held, and the following officers were appointed:

Representative Director and President: Hiroki Hashidate
Director: Hidenori Ichinokawa
Director: Eiichi Rensawa
Auditor: Kazuhiko Uesaka

【Company Overview】
Company name: Nakatsu Seisakusho Co., Ltd.
Location: 1-14-2 Shin-Sayama, Sayama City, Saitama Prefecture
Founded: March 1979
Capital: 30 million yen