Notice Concerning the Acquisition of All Shares of TOPAS electronic AG and Its Conversion into a Subsidiary

RYODEN Corporation hereby announces that, with the aim of strengthening the growth foundation of its overseas business through the acquisition of a customer base and technical support capabilities in the European market, it has acquired all of the shares of TOPAS electronic AG (head office: Hannover, Federal Republic of Germany; hereinafter “TOPAS”) and made it a consolidated subsidiary in July 2026. Details are set out below.

▶ Background and reasons for the share acquisition
In its medium to long-term management plan, the Company positions the capture of markets through strategic investment, both in Japan and overseas, as one of its key management strategies.
In its overseas strategy in particular, the Company is deploying globally the environmental control, AI and robotics, and other solutions it has cultivated in East Asia, while also promoting an “Out to Out” business in which products and technologies sourced overseas are rolled out to the markets of each region through the overseas bases of the Company’s group (the “Group”).
By strengthening its business platform tailored to customer needs in each region, and by leveraging the Group’s product lineup, technical support capabilities, and solution-proposal capabilities, the Company intends to develop its overseas bases into hubs for business creation that go beyond a purely sales function.
Against this background, the present transaction represents an important initiative for advancing the Company’s European strategy and achieving business growth that draws on a local customer base and technical support capabilities.

TOPAS is based in Hannover, Federal Republic of Germany, and supplies semiconductors to fields including industrial equipment, telecommunications, medical, and measurement and control in Europe. In the systems and services domain, it also provides unified-communications* -related solutions and operates a maintenance and support business. The company has built a base of business with European customers over many years, and its
strengths lie in its technical support capabilities, customer responsiveness, and supplier relationships. Through this share acquisition, the Company aims to expand business opportunities in the European market by combining the European customer base and the sales and technical support functions held by TOPAS with the procurement capabilities, solution-proposal capabilities, and private-brand product offering held by the Group in Japan, Asia, and the United States. In addition, the Company will deploy the Group’s products and solutions to TOPAS’s existing customers and connect the Group’s suppliers and technical resources to the European market, thereby driving business growth on a global basis.

* Unified communications: a foundational technology that integrates dispersed communication channels such as telephone, email, chat, and web conferencing into a single platform, creating an environment in which people can communicate through the optimal means regardless of time or place.

▶ Overview of accounting treatment 
This transaction constitutes an “acquisition” for the purposes of business combination accounting. The allocation of the acquisition cost and the amortisation periods for the goodwill and intangible fixed assets arising from it are currently under detailed review.

▶ Future outlook
Following the share acquisition, the Company will establish a framework of cooperation with the Group while respecting the business platform and the customer and supplier relationships that TOPAS has cultivated to date.
The Company will advance proposals to TOPAS’s existing customer base that combine the Group’s
electronic devices, private-brand products, systems, and services, and will mutually leverage the Group’s procurement capabilities in Japan, Asia, and the United States together with TOPAS’s customer touchpoints and technical support capabilities in Europe, thereby seeking to expand business opportunities in the European market.

▶ About RYODEN Corporation
At RYODEN, our Purpose is "Giving shape to “Waku-Waku (Excitement)” by connecting people and technology." We strive to realize our Vision: “An excellent Company Co-Creating the Future.” Through our corporate activities, we work with all stakeholders to create value and continue evolving into a globally respected company.
We will continue to integrate novel technologies from our network of over 2,000 partner companies to create solutions for the future. Furthermore, we are leveraging technologies in our core businesses of FA systems, cooling & heating systems, building systems, and electronics to tackle the challenges in our society including smart agriculture, health information technology, and decarbonization to create further innovations for the future with novel ideas.

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