Piolax, Inc.TSE: 5988

Notice of the 109th Annual Meeting of Shareholders

· Issued by Piolax, Inc.


DISCLAIMER: This English document is translated using a machine translation. You may use this for reference purposes only, fully understanding that it may include inaccurate translations. It is your sole responsibility if you rely not on the Japanese original but on this translation.

May 30, 2025

Company name: PIOLAX, INC. Name of representative: Satoshi Yamada,

Representative Director and President

(Code No. 5988; TSE Prime)

Inquiries: Toshihiro Fukuda, General Manager,

Business administration Department (Telephone: +81-45-577-3880)

Notice Concerning Organizational Changes and Personnel Changes

PIOLAX, INC. (the "Company") hereby announces that it has resolved, at the meeting of the Board of Directors held on May 30, 2025, the following organizational changes and personnel changes

  1. Effective date: July 1, 2025 (scheduled)

  2. Purpose of the organizational changes

    1. Establishment of Sales Strategy Office

      To swiftly respond to changes in the environment surrounding the automobile industry, which the Company does business mainly with, and to proactively plan and promote domestic and global initiatives to achieve sales and earnings targets of its group, the Company will newly establish the Sales Strategy Office and reorganize the current Sales Department into the Sales Division, which oversees the Sales Management Group and individual branch offices in addition to the Sales Strategy Office.

      While the automobile industry is said to be amid a once-in-a-century major transformation, the Company is determined to accelerate its continued efforts to develop and receive orders for, products for CASE, thereby promoting its diversification and strengthening sales expansion.

    2. Consolidation of domestic branches

      The Fuji Branch will be consolidated into the Yokohama Branch in consideration of customer trends. We will continue to promote sales expansion through ever stronger efforts to make the most of our sales resources.

      Name

      New title

      Former title

      Etsuko Sugai

      Toshihisa Kimura

      Management Department

      Management Department

      Yasuhiko Togashi

      - Assistant to Business Development Department (positioned equivalent to

      General Manager)

      - General Manager, Global IT Management Department

      Hiroyuki Okabe

      Division

      - Deputy General Manager, Sales Department

      Hironori Honda

      - General Manager, Sales Strategy

      Office, Sales Division

      - Nagoya Branch Manager, Sales

      Department

      Yoshihiro Kimura

      - Nagoya Branch Manager, Sales

      Division

      -Deputy General Manager assisting

      Director in charge of Administration

      Toshiya Ohira

      - Deputy Yokohama Branch Manager,

      Sales Division

      - Fuji Branch Manager, Sales

      Department

      • Executive Officer

      • Senior General Manager, Sales Division

      • Executive Officer

      • General Manager, Sales Department

      • Yokohama Branch Manager , Sales Department

      • General Manager, Human Resources Department

      • General Manager, Global IT

      • General Manager, Human Resources Department

      • Deputy General Manager, Global IT

      • Deputy Senior General Manager, Sales Division

      • Yokohama Branch Manager, Sales

  3. Personnel changes (Effective July 1, 2025)

  4. Impact on financial results

The impact of these organizational changes on financial results for the current fiscal year is minimal.

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