Nissei Plastic Industrial Co.,Ltd. (TSE:6293) entered into Business Integration Agreement to acquire TOYO INNOVEX Co., Ltd. (TSE:6210) from a group of shareholders on November 14, 2025. The consideration consists of common equity of Nissei Plastic Industrial Co.,Ltd. to be issued for common equity of TOYO INNOVEX Co., Ltd.

The transaction is subject to approval of offer by acquirer shareholders and approval of offer by target shareholders. As of January 30, 2026 the transaction has been approved by the shareholders of TOYO INNOVEX Co., Ltd. and Nissei Plastic Industrial Co.,Ltd. The expected completion of the transaction is April 1, 2026.

SMBC Nikko Securities Inc. acted as fairness opinion provider for Nissei Plastic Industrial Co.,Ltd. SMBC Nikko Securities Inc. acted as financial advisor for Nissei Plastic Industrial Co.,Ltd. YAMADA Consulting Group Co.,Ltd. acted as financial advisor for TOYO INNOVEX Co., Ltd. Hibiya-Nakata acted as legal advisor for Nissei Plastic Industrial Co.,Ltd. Oh-Ebashi LPC & Partners acted as legal advisor for TOYO INNOVEX Co., Ltd.