The 63th Annual Shareholders’ Meeting Convocation Notice(JAN 1 2025-DEC 31 2025)

Securities code

9830

63rd Annual Shareholders' Meeting

From January 1, 2025 to December 31, 2025

Convocation Notice

Matters

to be resolved

【Documents for delivery】

March 27 (Friday), 2026

at 10 a.m.

(Doors open at 9:00 a.m.)

Fuyo Room, Banquet Floor, the Main Building,

Hotel New Otani Tokyo

4-1 Kioi-cho, Chiyoda-ku, Tokyo

Proposal:

Election of Six (6) Directors

Pre-registration is required for this Shareholders' Meeting.

Time Limit Arrival by 5:30 p.m., March 26 (Thu.)

If you would like to attend the meeting at the meeting venue, please see p4. for voting

Distribution Center

Planet Aichi

1-1 Shirayumi, Okimura, Kita-Nagoya, Aichi

Completion：February 2025 Operation start：May 2026(planned)

Inventory capacity：Over 1 million items Site area：41,634㎡

Total floor area：89,162㎡

Shipping capacity：100 billion yen/year

Distribution Center

HC East Japan Distribution Center

431-2 Matsuhashishimotei, Fukujima-shinden Sanjo, Niigata

Completion：April 2026

Operation start：August 2026(planned) Site area：26,300㎡

Total floor area：48,338㎡

Construction progress (Photo taken in February 2026)

Joetsu Shinkansen

Distribution Center

Planet Nagano

1452-5 Nagasawa, Inoue, Suzaka, Nagano

Completion：2029(planned) Site area：26,679㎡

Total floor area：20,350㎡(planned)

Conceptual drawing

TRUSCO NAKAYAMA Corporation

To our shareholders

GAMBARE!! JAPANESE MONODZUKURI

(Securities code: 9830)

March 3, 2026

Exercise your voting rights

Convocation

Notice

Please refer to p34-39

▶

before exercising your voting rights.

A｜Attend the meeting at the meeting venue (pre-registration required)

• Attendance at the venue is limited to 300 applicants and requires pre-registration.

Advance application by postcard

March 17 (Tue.) postmarked

Sent by postcard sequentially upon receipt of your application.

B｜Exercise of voting rights by post

Arrival by 5:30 p.m., March 26 (Thu.)

Exercise of voting rights

by post (in writing)

Use the enclosed postcard for voting.

Please indicate your vote "For" or

"Against" the proposal on the Voting Form, cut off the right section along the indicated line, hide your personal information using the sticker, and post the form.

賛成の場合「賛」の欄に○印反対の場合「」の欄に○印

Notes

If you exercise your voting rights twice, via the internet and by post (in writing),

we will treat the vote via the internet as effective.

ご注意

• 各議案につき賛否の表示をされない場 は、

  賛成として取扱います。

• 賛、否の両方に （正しい 例）（誤った例）

  • を付けた場 は

無効となります。

By post

Via the internet

A｜Attend the meeting at the meeting venue (pre-registration required)

• Attendance at the venue is limited to 300 applicants and requires pre-registration.

Advance application via the internet

5:00 p.m., March 18 (Wed.) March 19 (Thu.) by email

To log in, you need to have your shareholder number indicated on the Voting Form.

Website for pre-registration URL:

https://form.run/@trusco63

▲

Application screen

B｜Exercise of voting rights via the internet

Exercising voting rights via a smartphone

1. Scan the Log-in QR Code* to the Website for Exercising Voting Rights for Smartphones at the lower right of the enclosed Voting Form with your smartphone.

2. Select the method of voting.

3. Indicate your vote "For" or "Against" each proposal and submit.

By 5:30 p.m., March 26 (Thu.)

Exercising voting rights via PC

Notes

1. If you exercise your voting rights more than once via the internet, we will treat the last exercise of your voting rights as effective. 2.Exercising voting rights using a PC, smartphone, etc. may not be possible depending on your internet environment. In addition, exercising

   voting rights may not be possible with some models of mobile phones.

   * Those attending the Meeting as a proxy shareholder (only one other shareholder holding voting rights of the Company) are requested to submit a written proof of their right of proxy at the Meeting reception desk. * QR Code is a registered trademark of Denso Wave Incorporated.

   2

   Submission deadline

Ask questions in advance

(via the internet or by fax)

By noon, March 19 (Thu.)

Ask questions by fax

FAX：03-3433-9881

Please also refer to "Frequently Asked Questions" on p42 of the

Convocation Notice for the 63rd Annual Shareholders' Meeting.

Convocation Notice

Ask questions via the internet

Advance questions URL: https://web.sharely.app/e/trusco63/pre_question

To log in, you need to have your shareholder number indicated on the Voting Form.

Shareholders who will attend the Meeting

3

Advance questions

Fuyo Room, Banquet Floor, the Main Building, Hotel New Otani Tokyo

March 27 (Fri.), 2026 at 10:00 a.m. (Doors open at 9:00 a.m.)

• Voting on the Day of the Meeting

  On the basis of the idea that it is important to judge "For" or "Against" after seeing the presentations on the day of the meeting, we hand Ballot Papers to shareholders who attend the meeting. Votes cast on the day at the venue will be tallied, with the results disclosed in the notice of resolution and extraordinary reports.

• Open Judge System (OJS)

on the President (implemented at the venue)

We consider the results of the votes on the day of the Meeting concerning the President by shareholders who have heard the Business Report and Q&As to be important evaluation indicators of the President as the OJS on the President. The results will be posted on the Company's website by the end of the day, after the closing of the meeting.

4

Shareholders who will view the Meeting online

1. Access the URL or QR code below with a PC or smartphone.

2. Enter your shareholder number and postal code, and click Log-in.

   
   
   

   meeting

   Website to view the Meeting URL: https://web.sharely.app/login/trusco63 Online

   Shareholder number * Indicated on the enclosed Voting Form (9-digit number)

   Postal code * Postal code (7-digit number) of the address registered on the shareholders' list as of December 31, 2025

   Notes

   
   
   

   • The meeting livestreamed online is for viewing only; shareholders viewing the meeting online will not be able to vote or ask questions on the day. Please exercise your voting rights in advance by post or via the internet.

   • Telecommunication fees for viewing the meeting are to be borne by the shareholder. Please be aware that you may encounter issues regarding livestream video and audio quality due to the internet communication environment and other factors.

   • We do not permit filming, recording, or disclosure of the live streaming of the meeting, nor provide the URL for the live streaming to any third party.

   • If the live streaming of the meeting becomes unavailable for some reason, we will announce so on the Company's website.

5

View the results of the Meeting

URL for the special website for

the Annual Shareholders' Meeting:

https://www.trusco.co.jp/ ir/meeting/

Check the results of resolutions: Available from March 27 (Fri.)

View answers to questions: Available from April 1 (Wed.)

View the results of questionnaires: Available from April 1 (Wed.)

Special website for Annual Shareholders' Meeting

We are mailing the Convocation Notice booklet to shareholders who submitted their applications by mail by December 31, 2025.

TRUSCO NAKAYAMA Corporation

Tokyo Management Section, Administration Department

Convocation

Notice

Convocation

Notice (English)

Other electronic provision matters

03-3433-9830

(9:00 a.m. to 5:30 p.m. on weekdays except Saturdays, Sundays and national holidays)

info@trusco.co.jp

Business Report for the 63rd Period

From January 1, 2025 to December 31, 2025

Providing the highest level of convenience for customers will result in social contribution

We have continued aggressive capital investment in order to accurately satisfy the needs of manufacturing sites for a wide variety of items in small lots. We made efforts to improve work efficiency of the entire supply chain, while working to reduce greenhouse gas emissions and consumption of resources, such as energy and packaging materials.

Operating results for the 63rd period ended December 2025

(figures in parentheses indicate yoy change % of total)

Net sales

Gross margin

320,043million yen

318,954million yen

20.9％

20.7%

+8.5%

yoy

+8.5%

yoy

（±0.0pt）

（△0.1pt）

Ordinary income

Net income attributable to owners of parent

22,541million yen（+12.4%）

22,300 million yen 7.0%

（△1.3%）*2

15,881million yen

Selling, general and administrative expenses

43,914million yen

43,534million yen

（+5.3%）

Net income

15,684 million yen

（△1.4%）

Incl.) Depreciation

Operating income

5,552million yen

22,816million yen

22,492million yen

（△8.1%）

（+14.2%）

7.1%

Note: *1 All figures stated in Business Report from page 6 onwards are rounded down to the nearest one million yen.

*2 Net income attributable to owners of parent includes extraordinary gain of 2,778 million yen from the sale of the former Osaka Head Office and other items recorded in the previous fiscal year.

Non-consolidated Monthly net sales

Net sales (100 million yen) YoY change (%)

Non-consolidated Sales by category of goods and percentage

of total sales

(figures in parentheses indicate yoy change % of total)

238 253

298

261 250

277 296

225

265 280 254 287

23,641million yen

（+8.4%）

Cutting tools 2.9%

9,262million yen

（+3.3%）

Net sales

+14.6

+10.0

+17.2

(100 million yen)

+11.3 +10.3

Work supply 18.2%

58,210million yen

（+6.2%）

Construction goods 11.5%

36,756million yen

（+7.4%）

+6.3

+8.1

+6.9

+10.3

+2.6

+6.2

▲1.3

YoY change (%)

Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.

★ 19 18 20 21 20 21 22 20 20 22 18 22

（±0）（△1）（±0）（±0）（△1）（＋1）（±0）（△1）（＋1）（±0）（△2）（＋1）

64,283million yen

（+14.6%）

safety equipment 20.2%

Environmental

Hand tools 16.7%

53,139million yen

（+7.5%）

★Operating days for the 63rd period (yoy)

(

)

Non-consolidated Average net sales per day

(Unit: Million yen)

1,490

63rd period (fiscal year under review) 62nd period (previous fiscal year)

63rd period fiscal year under review

1,407

1,328

1,411

1,253

1,244

1,320 1,346

1,276

1,309

1,355

1,254

1,253

1,127

1,221 1,255

1,2871,243

11,749million yen

（+4.0%）

3.7%

Research management equipment

29,406million yen

（+1.9%）

9.2%

Distribution and storage equipment

1,093

1,164

1,183

1,202

62nd period

1,104

1,046

( previous )

Other products 0.9%

2,750million yen

（+19.8%）

fiscal year

29,751million yen

（+13.2%）

Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.

★ 19 18 20 21 20 21 22 20 20 22 18 22

（±0）（△1）（±0）（±0）（△1）（＋1）（±0）（△1）（＋1）（±0）（△2）（＋1）

★Operating days for the 63rd period (yoy)

Net income

per share

Annual dividend per share

240.84yen

237.86yen

60.00yen

△3.25

yoy

△3.30

yoy

+6.00

yoy

Business flow (YoY changes)

Suppliers

(Manufacturers)

3,729

(+92companies)

320,043million yen(+8.5%) 22,541million yen(+12.4%)

Factory route e-business route Home center route Overseas route

Net sales

Net sales

Net sales

Net sales

(Wholesaler)

2,112 2,235

Net sales

769 835

Net sales

283 300

Net sales

34 39

Net sales

63rd period

64th period

63rd period

64th period

63rd period

64th period

63rd period

64th period

We strengthened inventory measures at our distribution centers nationwide and enhanced the MRO Stocker and user-direct delivery services, striving to increase convenience for customers and reduce environmental impact.

We responded to diverse needs for user-direct delivery services utilizing I-Pack®(high-speed automated packaging and shipping line) by bolstering product data coordination and distribution processing.

We strengthened proposals for in-store improvement and consolidation of sales channels, as well as to accommodate the expansion of e-commerce, we actively proposed services utilizing our extensive inventory and distribution equipment.

We reduced lead time by revising our inventory, improving sales activities through local customer and supplier development.

Clients

(Retailers)

5,680

(+28companies)

Machine tool dealers,welding materials dealers, etc.

Internet order companies, etc.

Home centers, pro-tool shops, etc.

Overseas dealers, etc.

∞(Infinite)

Users

Manufacturers, construction companies, etc.

Manufacturers, general consumers, etc.

Businesses conducting outdoor work,

general consumers, etc.

Overseas manufacturers, etc.

Percentage of consolidated net sales

66.0%

Percentage of consolidated net sales

24.0%

Percentage of consolidated net sales

8.9%

Percentage of consolidated net sales

1.1%

Business Report for the 63rd Period

From January 1, 2025 to December 31, 2025

Developments and results of business activities

Progress and plan on key performance indicators of the Company

Key performance indicators

62nd period FYE December 2024 Previous fiscal year

63rd period FYE December 2025

Fiscal year under review

64th period FYE December 2026

Plan

①Number of inventory items

611,708

（+18,154）

623,582

（+11,874）

643,582

（+20,000）

Products

②Inventory value

55,366 million yen

（+4,518）

68,178million yen （+12,812）

79,000 million yen

（+10,822）

③Total number of suppliers

④Incl.) Number of overseas suppliers

3,637

353

（+128）

（+16）

3,729

368

（+92）

（+15）

3,829

388

（+100）

（+20）

⑤PB product sales

50,478 million yen

（+2,178）

51,945million yen （+1,467）

55,050 million yen

（+3,105）

⑥Percentage of PB product sales

⑦Inventory shipment ratio

17.1 %

92.6 %

（△0.9）

（+0.5）

16.2%

92.8%

（△0.9）

（+0.2）

16.1 %

93.0 %

（△0.1）

（+0.2）

⑧Number of items delivered directly to users

6,257,178

（+1,389,146） 8,487,923

（+2,230,745） 11,300,000

（+2,812,077）

Logistic

⑨Direct sales to users

37,204 million yen

（+7,428）

47,588million yen （+10,384）

60,000 million yen

（+12,412）

⑩Number of hired vehicle delivery runs

⑪Number of TRUSCO delivery runs

⑪Percentage of TRUSCO delivery runs

⑪Personnel expenses per receiving/shipping

Catalogue media

⑭Number of items listed on TRUSCO Orange Book

146

132

47.5 %

156.7 yen

422,000

（△7）

（+9）

（+2.9）

（+4.3）

（+53,000）

136

143

51.3%

162.3yen

453,000

（△10）

（+11）

（+3.8）

（+5.6）

（+31,000）

128

151

54.1 %

152.0 yen

460,000

（△8）

（+8）

（+2.8）

（△10.3）

（+7,000）

⑪Number of items released on TRUSCO Orange Book.Com

4,552,330

（+443,512） 4,185,878

（△366,452）

4,500,000

（+314,122）

Sales

⑯Number of corporate customers

⑰Number of MRO stockers introduced

⑱Number of companies connected to Orange Commerce

Digital

⑲System order intake ratio

⑳Automated estimate ratio

�Web estimate request ratio

�Total number of employees (including officers and part-time employees)

�Number of part-time employees

�Average age (full-time employees)

�Average overtime hours per month

5,652

1,414

2,631

88.0 %

30.1 %

49.2 %

3,184

1,464

39.7

20.9

（+20）

（+211）

（+184）

（+0.9）

（+2.5）

（+1.9）

（+141）

（+94）

（△0.2）

（+3.0）

5,680

1,608

2,880

88.6%

30.5%

49.5%

3,258

1,441

39.3

23.0

（+28）

（+194）

（+249）

（+0.6）

（+0.4）

（+0.3）

（+74）

（△23）

（△0.4）

（+2.1）

5,715

1,810

3,080

90.0 %

32.5 %

51.5 %

-

-

-

-

（+35）

（+202）

（+200）

（+1.4）

（+2.0）

（+2.0）

-

-

-

-

�Average annual salary (full-time employees)

�Career (career-track)

HR

�Area

�Logistics

Department General

720〈756〉10 thousand yen （+58） 840〈886〉10 thousand yen （+65） 687〈723〉10 thousand yen （+60） 562〈581〉10 thousand yen （+36）

752〈788〉10 thousand yen （+32） − −

886〈936〉10 thousand yen （+46） − −

714〈750〉10 thousand yen （+27） − −

592〈610〉10 thousand yen （+30） − −

�

Salary of persons in managerial posts

Managers and Division General Managers (excluding officers)

Branch Officer Managers, Logistic Center Managers, Logistic Center Vice Managers, Section Managers of Head Office, etc.

1,579〈1,679〉10 thousand yen（+191） 1,808〈1,898〉10 thousand yen（+229） − −

1,239〈1,315〉10 thousand yen（+109） 1,277〈1,360〉10 thousand yen （+38） − −

�Turnover rate

32Percentage of employees with disabilities

5.1 %

3.2 %

（△0.3）

（+0.4）

4.3 %

3.1 %

（△0.8）

（△0.1）

-

3.3 %

-

（+0.2）

Environment

33Solar power generation capacity

2,793 kw (For about 620 households)（±0） 4,659 kw (For about 1,035 households)（+1,866）

5,427 kw (For about 1,206 households)（+768）

Notes:1. Figures in parentheses ( ) indicate changes from the previous fiscal year.

1. "�Total number of employees" includes officers, part-time employees, temporarily transferred employees and local employees of subsidiaries.

2. "� Average overtime hours per month" includes hours within the statutory overtime hours.

3. "�Average annual salary (full-time employees)" includes the salary of executive officers.

4. Figures in parentheses < > indicate the amount of salary including financial bonds. The Company pays retirement allowance annually as financial bonds" rather than paying it as a lump-sum retirement payment at the time of retirement.

5. "�Turnover rate" excludes retirees.

Changes in assets and profit or loss in the last 10 years

Notes: 1. The Company began to report consolidated figures from the fiscal year ended December 31, 2019. As a result, net income attributable to owners of parent company has been included from the fiscal year ended December 31, 2019 thereafter.

1. Net income per share is calculated based on the average number of issued shares outstanding during the period after subtracting the average number of treasury shares outstanding during the period.

2. The Company carried out a 1 to 2 stock split for its common stock on January 1, 2017. Therefore, the amounts of net income per share and net assets per share were calculated as if the stock split had been carried out at the beginning of the 54th period.

   Consolidation period

1. Net assets per share is calculated based on the total number of issued shares outstanding at the end of the period after subtracting the number of treasury shares outstanding at the end of the period.

Trends in cash flows

（Unit: Million yen)

Overview of

Business Foundation and Results

Eight Indicators Supporting Growth

Stable and Sound Management

(Financial foundation and effective inventory management)

1

Net sales and ordinary income ratio

2 Net sales, number of inventory items, and inventory shipment ratio

Through investments in products, logistics, and digitalization, we have strengthened our immediate delivery capabilities and continue to expand sales driven by market share expansion. Even during the COVID-19 pandemic in 2020, we stayed on a growth track with a limited year-on-year increase of 3.3%, demonstrating stability in spite of the economic conditions.

We are strengthening our system for immediate delivery to customers through efforts to increase the number of our inventory items, including long tail products. Furthermore, the inventory shipment ratio, a key performance indicator representing the percentage of orders shipped out of our own inventory, exceeds 90%.

• Net sales / Number of inventory items / Inventory shipment ratio

  • Net sales /

    Ordinary income ratio

    Net sales (100 million yen)

    Net sales

    3,200

    (100 million yen)

    Ordinary income ratio

    Inventory shipment ratio (%)

    92.1

    92.6

    92.8

    93.0%

    91.0

    91.3

    91.3

    7.0%

    Number of inventory items

    (10,000 items)

    59.3

    61.1

    62.3

    64.3 (10,000 items)

    Net sales

    (100 million yen) 49.9

    44.2

    56.2

    3,200

    3,410 (100

    million yen)

    2,950

    2,681

    2,134

    2,268

    2,464

    
    
    

    3,200

    million

    yen)

    Ordinary income ratio (%)

    2,950

    2,464

    2,681

    1,950 2,142

    2,206 2,134 2,268

    7.5

    6.8

    6.4

    5.4

    6.0

    6.1

    7.0

    6.8

    7.0

    6.2 %

    
    
    

    3,410 (100

    2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

    Consolidated accounting started

Plan

2020 2021 2022 2023 2024 2025 2026

Plan

3

System order intake ratio and

automated estimate ratio

The system order intake ratio, which represents the percentage of orders processed by the system, has improved. The installation of an AI-based quotation system has improved estimate response time and automated estimate ratios as well.

4 Number of suppliers / number of items released on

TRUSCO Orange Book.Com

Connecting to TRUSCO instantly enables purchasing of products from 3,729 Company's suppliers. The number of suppliers and the number of items released are both increasing.

Plan

Our Unique Competitive Advantages and Growth Strategy

5

Net assets and equity ratio

6

Capital expenditures and

total fixed assets

To advance active investments in distribution and digitalization, we secured a bank loan in 2017 for the first time since our founding. Amid aggressive capital investments, our Planet Aichi and the HC East Japan Distribution Center are set to be operational in 2026.

We are actively investing in distribution to achieve immediate delivery and stable supplies of professional tools to Monodzukuri sites by increasing inventory items, enhancing shipping capacity, and strengthening direct delivery capabilities, while also investing in digital technology that supports various systems.

2017 2018 2019 2020 2021 2022 2023 2024 2025

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Plan

yen) yen)

8

Number of MRO stockers

installed and MRO stocker sales

7

Number of packages delivered

via user-direct delivery service and sales thereof

Popular

demand

Number of MRO stockers

introduced (locations)

and MRO stocker sales

1,608

1,414

1,203

1 0 (100

million yen)

7.5

775

MRO stocker sales

(100 million yen)

329

3.5

0.1

47

1.9

0.7

5.4

0.

Our Uchoku (direct delivery to users) service has been well-re-ceived for reducing our customer's delivery and shipping costs, which is linked with expanding sales to customers located in remote areas, leading to annual growth. This service is only possible because of our extensive inventory, state-of-the-art distribution equipment, and the systems that support them.

Launched in 2020, MRO Stocker is similar to "okigusuri," a system of "use first, pay later" for medicine, but for tools, featuring zero lead time, zero ordering, and zero inventory management. The number of installations has been increasing year by year, enabling TRUSCO to respond to the needs of manufacturing sites that need certain products immediately.

1,810(locations)

and sales thereof

600(100

Number of packages

delivered directly (10,000 units)

475

million

yen)

User-direct delivery

service and sales (100 million yen)

372

297

1,130(10,000

units)

238

147

180

625

8 8

486

355

233

283

4

2020 2021 2022 2023 2024 2025 2026

Plan

2020 2021 2022 2023 2024 2025 2026

Plan

Major Business Locations As of December 31, 2025

96locations 1

7

13

2 Head Offices

59sales branches in Japan (including 29 branches with inventory) 2

28distribution centers in Japan (including 11 Stock Centers) 4

（ ）

overseas branches

3

Local subsidiaries: Thailand, Indonesia, USA

Supplier business development offices: Germany, Taiwan, 10

Thailand, Hong Kong 9

5

HC East Japan Distribution Center

Location:431-2 Matsuhashishimotei, Fukujima-shinden, Sanjo, Niigata

Completion: April 2026

Operation start: August 2026 (planned) Site area: 26,300㎡

Total floor area: Approx. 48,338㎡

60

61

62 63

53

55 54

59

66

51

52 50 49

57

56

4847 46 44

45

43

58

28 27

12

29 11

34 35 32 25

39

38 37 33 26

31 36 30

42 40

41

15 7 6

8 16

1817 14

21 19

24 23 22 20

Planet Nagano

Location: 1452-5 Nagasawa, Inoue, Suzaka, Nagano

Completion: 2029 (planned) Site area: 26,679㎡

Total floor area: 20,350㎡ (planned)

Planet Aichi

64 65

67

Location: 1-1 Shirayumi, Okimura,

Kita-Nagoya, Aichi Completion: February 2025

Operation start: May 2026 (planned) Site area: 41,634㎡

Total floor area: 89,162㎡

68

Sales and distribution bases

：Head Offices ：sales branches in Japan ：distribution centers in Japan

★ indicates property of the Company

Tokyo Head Office

Tokyo Branch

21 HC Tokyo Branch

Internet Sales Tokyo Branch MRO Supply Tokyo Branch

TRUSCO Fiorito Bldg., 4-28-1

Shimbashi, Minato-ku, Tokyo

★

23 Planet Tokyo

3-10-6 Tamachi, Kawasaki-ku,

Kawasaki, Kanagawa

★

20 Chiba Branch

1969-17 Yawatakaigan-dori, Ichihara, Chiba ★

22 Keihin Branch

2-14-23 Kugahara, Ota-ku, Tokyo ★

24 Planet South Kanto / Atsugi Branch 1567-1 Takamori, Isehara, Kanagawa ★

25 Fuji Branch

26 Shizuoka Branch

251-1 Jubee, Fuji, Shizuoka

★

1-20 Midorigaoka-cho, Suruga-ku, Shizuoka, Shizuoka ★

19 Planet East Kanto / Matsudo Branch 241-1 Kamihongo, Matsudo, Chiba ★

1-1 4-chiwari, Kamigocho-itazawa,

Tono, Iwate

(Note2)

Supplier Park Branch

13 SMC Tono

★

280 Shinbo, Sanjo, Niigata

HC East Japan Distribution Center / (Note1)

9 Niigata Branch

★

3-4-51 Higashi-Naebo 5-jo,

Higashi-ku, Sapporo, Hokkaido

Planet Hokkaido

1 Sapporo Branch

2 Hachinohe Branch

1-2-9 Numadate, Hachinohe, Aomori ★

4 Akita Branch

2-41 Sanno-Rinkaimachi, Akita, Akita★

6 Mito Branch

1567 Sugaya, Naka, Ibaraki

★

8 Planet North Kanto / Isesaki Branch 2739-1 Sanwa-cho, Isesaki, Gunma ★

10 Niigatakita Branch

2-6-50 Yutaka, Higashi-ku, Niigata, Niigata ★

12 Ueda Branch

2F Unno-Machi-Kan Ito Bldg., 2-8-11

Chuo , Ueda, Nagano

11 Okaya Branch 2-1-33 Shinmei-cho, Okaya, Nagano ★

7 Utsunomiya Branch 46-11 Hiraide Kogyo Danchi, Utsunomiya, Tochigi ★

5 Koriyama Branch 1-23-7 Motomachi, Koriyama, Fukushima ★

3 Planet Tohoku / Sendai Branch 2-1-23 Ogimachi, Miyagino-ku, Sendai, Miyagi ★

★ indicates property of the Company

27 Toyama Branch

28 Kanazawa Branch

29 Fukui Branch

30 Hamamatsu Branch

1-1-34 Tanaka-machi, Toyama, Toyama ★ 6-15-1 Eki Nishi-Honmachi, Kanazawa,Ishikawa★

1-52 Toiya-cho, Fukui, Fukui

209-1 Soude-cho, Chuo-ku, Hamamatsu, Shizuoka

★

32 Okazaki Stock Center

34 Planet Nagoya

36 Toyohashi Stock Center

1 Shimoike, Akashibu-cho, Okazaki, Aichi★ 10-1 Kawahigashi, Wada-cho, Konan, Aichi ★

33-16 Akemicho, Toyohashi, Aichi ★

37 Yokkaichi Branch 5-4-13 Shinsho, Yokkaichi, Mie ★

35 Planet Aichi(Note)/ Kitanagoya Branch 1-1 Shirayumi, Okimura, Kita-Nagoya, Aichi ★

33 Nagoya Branch 12-26 Ukishima-cho, Mizuho-ku , Nagoya, Aichi★

31 Planet Tokai / Okazaki Branch 18 Minami-Kubo, Oka-cho, Okazaki, Aichi★

(Note 1) The HC East Japan Distribution Center will relocate to 431-2 Matsuhashishimotei, Fukujima-shinden, Sanjo, Niigata in August 2026. The existing Center is scheduled to be renamed Planet Niigata. (Note 2) The SMC Tono Supplier Park Branch is scheduled to start operations in January 2026.

★ indicates property of the Company

15 Utsunomiya Stock Center

2-40-3 Shirasagi, Kaminokawa-

machi, Kawachi-gun, Tochigi

★

17 Planet Saitama / Satte Branch 988-7 Akagi, Shinmeiuchi, Satte, Saitama ★

18 Omiya Branch / Omiya Stock Center 2039 Nishi-Asuma, Nishi-ku, Saitama, Saitama ★

16 Oyama Stock Center 1-6-33 Awanomiya, Oyama, Tochigi ★

14 Kashima Branch 3-3-24 Horiwari, Kamisu, Ibaraki ★

(Note) Planet Aichi is scheduled to start operations in May 2026.

★ indicates property of the Company ★ indicates property of the Company

Osaka Head Office

Osaka Branch

44 Higashi Osaka Branch HC Osaka Branch

Internet Sales Osaka Branch

TRUSCO Central Bldg., 4-2-5

Honmachi, Chuo-ku, Osaka, Osaka

★

46 Planet Kobe

1-3-5 Minatojima Nakamachi,

Chuo-ku, Kobe, Hyogo

★

65 Kumamoto Branch

5F Kumamoto Central Bldg., 66-7 Yamasakimachi,

Chuo-ku, Kumamoto, Kumamoto

39 Kyoto Branch

3F Trusco Crystal Bldg., 593

Higashi-Shiokojicho, Shimogyo-ku, Kyoto, Kyoto

40 HC West Japan Distribution Center 755-6 Kamifukawa-cho, Nara, Nara

★

★

41 Nara Stock Center 758-6 Kamifukawa-cho, Nara, Nara ★

42 Higashi Osaka Stock Center 4-12 Shinjo Nishi, Higashiosaka, Osaka ★

43 Sakai Stock Center

1-5-45 Ishizu-cho Higashi, Hamadera, ★

Nishi-ku, Sakai, Osaka

50 Okayama Stock Center

51 Yonago Branch

52 Fukuyama Branch

53 Hiroshima Branch

54 Shunan Branch

55 Ube Branch

56 Takamatsu Branch

57 Takamatsu Stock Center

58 Tokushima Branch

2-16-35 Fukunari, Minami-ku, Okayama, Okayama ★ 8-15-14 Yonehara, Yonago, Tottori ★ 2-4-13 Akebono-cho, Fukuyama, Hiroshima ★ 1-20-1 Naka-Hiromachi, Nishi-ku, Hiroshima, Hiroshima ★ 2-5-3 Kumechuo, Shunan, Yamaguchi 395-5 Nakanogaisaku, Ube, Yamaguchi 4001-77 Yoshida, Utazu-cho, Ayauta-gun, Kagawa ★ 2-3-1 Asahimachi, Takamatsu, Kagawa★ 23 Nakahara, Ojin-cho Nakahara, Tokushima, Tokushima

60 Kokura Branch

7-1 Kifunemachi, Kokurakita-ku, Kitakyushu, Fukuoka ★

45 Planet Osaka / Minami Osaka Branch 81-1 Ishizu Kitamachi, Sakai-ku, Sakai, Osaka ★

61 Hakata Stock Center / Fukuoka Branch 2-4-14 Takeshita, Hakata-ku, Fukuoka, Fukuoka★

62 Planet Kyushu / Tosu Branch 1651 Himekata-machi, Tosu, Saga ★

63 HC Kyushu Distribution Center 1956-1 Kitanomachinaka, Kurume,Fukuoka ★

64 Nagasaki Branch 23-4 Ohashi-machi, Nagasaki, Nagasaki

47 Kobe Branch

Nakayama Memorial Hall 5F, 2-1-9

Mizuki-dori, Hyogo-ku, Kobe, Hyogo

★

66 Oita Branch

1-3-28 Mukaibaruhigashi, Oita, Oita ★

68 Okinawa Branch

5F Okinawaken Kensetsu Kaikan,

5-6-8 Makiminato, Urasoe, Okinawa

67 Kagoshima Branch 3-68 Tokai-cho, Kagoshima, Kagoshima ★

48 Himeji Branch 448-26 Hojo, Himeji, Hyogo ★

59 Matsuyama Branch 1068-4 Kumanodai, Matsuyama, Ehime ★

49 Planet Sanyo / Okayama Branch 4-15 Amase, Kita-ku, Okayama, Okayama ★

38 Planet Shiga / Ryuo Branch 1140-3 Oguchi, Ryuo-cho, Gamou-gun, Shiga ★

Current Status of Subsidiaries

TRUSCO NAKAYAMA THAILAND PT.TRUSCO NAKAYAMA INDONESIA

TRUSCO NAKAYAMA THAILAND

Site area: 10,942㎡ Total floor area: 4,731㎡

Company Overview

Kazuaki Harada Representative Director and President Assigned

in January, 2021

TRUSCO NAKAYAMA INDONESIA

Site area: 16,178㎡ Total floor area: 10,430㎡

Company Overview

Toshiya Kimura Representative Director and President Assigned

in January, 2026

Trade name: TRUSCO NAKAYAMA CORPORATION (THAILAND) LIMITED

Officer in charge at TRUSCO NAKAYAMA Corporation: Masashi Yamamoto

Director: Norihiro Higashi

Business areas: Wholesale of PRO TOOLs

(secondary materials used in factories) Capital: 390 million baht (approx. 1.3 billion yen) Established: September 2010

Equity: 99.9%

Capital investment: 250 million yen for land, 210 million yen for buildings, etc.

Location: Bangplee, Samutprakarn

(13 km south of Suvarnabhumi International Airport)

TIP7 789/8 Moo9,Bangpla Bangplee Samutprakarn 10540 THAILAND

Trade name: PT.TRUSCO NAKAYAMA INDONESIA

Officer in charge at TRUSCO NAKAYAMA Corporation: Masashi Yamamoto

Auditor: Norihiro Higashi

Business areas: Wholesale of PRO TOOLs

(secondary materials used in factories)

Capital and capital surplus: 378.8 billion rupiah (approx. 3.2 billion yen) Established: December 2014

Equity: 99.9%

Capital investment: 1,130 million yen for land, 640 million yen

for buildings, etc.

Location: Lippo Cikarang District, Bekasi, Jawa Barat (40 km east of the capital city, Jakarta)

Jl. Kenari Raya No. 36 Delta Silicon VI, Jayamukti, Cikarang Pusat, Kab. Bekasi Jawa Barat, 17531.

TRUSCO NAKAYAMA USA

Operation bases

3

locations

Operation bases

4

locations

• …Overseas local subsidiaries

• …Overseas supplier development offices (Overseas Product Division)

A building where TRUSCO NAKAYAMA USA is located

Company Overview

Trade name: TRUSCO NAKAYAMA USA, INC.

Shunsuke Takenaka Representative Director and President Assigned

Taiwan Office

Hong Kong Office

Bangkok

TRUSCO NAKAYAMA

CORPORATION (THAILAND) LIMITED

Thailand Office

TRUSCO NAKAYAMA

Indonesia

Jakarta

TRUSCO NAKAYAMA

USA

Germany Office

(Dusseldorf)

Schaumburg, Chicago Illinois

in July, 2025

Officer in charge at TRUSCO NAKAYAMA Corporation: Kazuo Nakai

General Managers: Takeshi Yashima Business areas: Procurement of PRO TOOLs

(secondary materials used in factories)

Capital and capital surplus: 1 million US$ (approx. 1.4 billion yen) Established: September 2024

Equity: 100%

Location: Schaumburg, Illinois, USA

(11 km west of Chicago O'Hare International Airport)

10 N. Martingale Road, Suite 400, Schaumburg, Illinois 60173,USA

Major Business Areas

ーProductsー

A wide selection of products in cooperation with 3,729 suppliers in Japan and overseas

7.14 million SKUs of registered products to realize "Trusco has what we need."

"TRUSCO," the industry's first private brand

developed from a unique perspective

Private brand "TRUSCO"

ーLogisticー

Inventory of 620,000 items, all with the same or similar functions

Distribution equipment for high-densi-ty storage and high-speed shipping

279 delivery services (143 third-party vehicles/136 TRUSCO vehicles) for immediate delivery with fixed-cost based distribution

AutoStore

(High-density robot storage system)

ーDigitalー ーSalesー ーCatalogsー

Accumulate data on products, logistics, and sales as "core" data

Deployment of various digital services throughout the supply chain

Providing services that enhance user convenience, such as MRO Stocker, Orange Commerce, and YOKEL.

Developing businesses that contribute to environmental preservation, such as "Niawase + Uchoku" (cargo assortment + direct delivery to users) and repair workshop "Naojiro"

"TRUSCO Orange Book" specializes in product search visibility

"TRUSCO Orange Book.Com," a product search site that allows users to search for products and obtain the latest data

Manufacturing encyclopedia TRUSCO Orange Book

Construction of Planet Aichi

Location: 1-1 Shirayumi, Okimura, Kita-Nagoya, Aichi

Operation start: May 2026 (planned)

Total investment (planned): Approx. 30 billion yen Total investment in 63rd period: 2,548 million yen Site area: 41,634 m2

Total floor area: 89,162 m2

Building structure: Hybrid structure (RC-col-umn, S-beam), quake-absorbing structure

Number of floors: Warehouse four floors, office four floors

Inventory capacity: Over 1 million items Shipping capacity: 100 billion yen/year (maximum) Design and construction: Taisei Corporation

Introduction of state-of-the-art distribution equipment

Construction of HC East Japan Distribution Center

Skypod®

[3D high-speed picking system]

Installed four lines of I-Pack® (high-speed automated packaging and shipping line)

Location: 431-2 Matsuhashishimotei, Fukujima-shin-den, Sanjo, Niigata

Operation start: August 2026 (planned)

Total investment (planned): Approx. 18.6 billion yen Total investment in 63rd period: 11,080 million yen Site area: 26,300 m2

Total floor area: Approx. 48,338 m2

Building structure: Hybrid structure (RC-col-umn, S-beam), quake-absorbing structure

Number of floors: Warehouse four floors, office third floors

Design: Nikken Sekkei Ltd.

Construction: Kajima Corporation

Construction progress of the HC East Japan Distribution Center (Photo taken in February 2026)

As of the end of the 63rd period (December 31, 2025), the balance of cash and deposits amounted to 47.5 billion yen (a increase of 6.2 billion yen yoy). During the fiscal year under review, the Company repaid 1.5 billion yen in current portion of long-term borrowings and conducted financing of 25 billion yen by way of long-term borrowings to provide stable cash flow to support business expansion associated with aggressive capital investment.

◀Major lenders

Other electronic provision matters

Financing table

*1 The financing by way of long-term borrowings during the 58th period ended December 2020 was conducted in view of the possibility of an economic crisis under the COVID-19 pandemic.

*2 Of the 70.0 billion yen in long-term borrowings outstanding, 15 billion yen is scheduled for repayment in the 64th period ending December 31, 2026.

TRUSCO NAKAYAMA's Unmatchable Services!

01

A company that enhances BCP measures

02

Niawase + Uchoku

Order consolidation + direct delivery to users

Popular demand

Extensive inventory that can be supplied in any disaster scenario

We are expanding our inventory items every year to meet requests from our customers who want "just what is needed, only when needed, and only in the quantity needed."

Number of inventory items

620,000

Inventory value

able via web app.

Solve these troubles with YOKEL!

Process

Order products via smartphone

Visit TRUSCO NAKAYAMA

Pick up your order in

15 minutes

147

at the earliest

YOKEL

usage status in 2025

No. of times used

thousand

Sales

12

billion yen

Example of adoption: MRO Stocker introduced at a food factory

15

Initiatives

in the 64th period

64th period (fiscal year ending December 2026) Plan

Note: Figures in parentheses ( ) indicate changes from the previous fiscal year.

*1. The Company recorded an extraordinary income of 2,778 million yen due to the sale of the former Osaka Head Office and other factors.

*2. The dividend plan for the 64th period (2026) is calculated by adding 10% of the planned depreciation expense in accordance with the TRUSCO Zentaku Dividend policy.

Planned Depreciation Expense: ¥8.31 billion × 10% × Dividend Payout Ratio 25% / Total number of issued shares ≈ ¥3

The dividend payout ratio will be 26.5%.

To become what we want to be:Capability targets

To be able to always provide the

highest level of convenience as a creative company, we believe that we should prioritize "capability targets," which clarify what abilities the Company should develop, rather than "quantitative targets," such as sales and profit. To aim to become a company that is always needed by clients and the society, we will engage in our business while seeking to become "what we want to" be as described on the right.

1. We want to be a company with the ability to store 1 million items in inventory by 2030.

2. We want to make direct delivery by wholesalers to users the industry standard.

3. We want to increase the usage rate of our AI-based quotation system to 50%.

4. We want to raise our system order intake ratio to 95%.

5 We want to become a company with the ability to receive orders 24 hours a day

and ship orders 365 days a year.

1. We want to become a platformer that supports the Japanese Monodzukuri.

2. We want to be a company that does everything right.

3. We want to be a company that can be of service in case of emergency

9 We want to be a company where employees can work in a stable,

safe environment over a long term.

10 We want to be a company where smiles never fade.

Planet Aichi with an inventory capacity of over 1 million items

I-Pack® (high-speed automated packaging and shipping line)

*Packaging capacity: 720 packages/h

Initiatives

in the 64th period

Atsushi Kazumi

Director & General Manager of Business Management Department, General Manager of

Digital Strategy Department, General Manager of

Orange Book Department

Our mission as professional tool wholesaler goes beyond serving Monodzukuri sites. Our products and services are in higher demand across diverse industries and markets, driven by the expansion of online shopping and evolutions in logistics, and are increasingly needed for disaster recovery. We will increase corporate value by generating innovative ideas and strengthening our ability to turn these ideas into reality.

Initiatives and Results for 63rd

Mission for 64th

• Accelerating productivity enhancement and social issue resolution

  Our logistics and digital investments to automate operations and strengthen systems have provided a significant boost to sales performance as well as productivity per employee. This year saw an accelerated environmental impact reduction through strengthened BCP measures and enhanced "NIAWASE + Uchoku" service offerings.

• Supply chain management to achieve our sales target of 500 billion yen

  Sales per person (10 thousand yen)

  100 million yen

  2,950

  2,464

  2,681

  1,950

  2,142 2,206 2,134 2,268

  11,910

  10 thousand yen

  10,135

  9,342 9,604

  8,352 8,541 8,623 8,214 8,717

  
  
  

  Becoming the company we want to be

  500

  billion

  yen

  • Balancing employee growth and security based on HR data

  • Creating an environment conducive to long-term employment

• Data-driven, market-oriented product development

Logistic Products

With strong business performance, our product procurement, transaction types, and logistics volume are increasing. From a cross-departmen-tal supply chain perspective and medium-term viewpoint, we will visualize required capacities, calculate gaps against the current state, and review business processes to enhance our corporate capabilities.

Net sales (100 million yen)

3,200

Cross-cutting measures

HR

Sales

• SCM data platforms

• Developing AI platforms

• Establishing an advanced security system

2017

2018

2019

2020

2021 2022 2023 2024

2025

• • Distribution center tours for individual shareholders

    After a six-year hiatus due to the COVID-19 pandemic, we held distribution center tours (to Planet Osaka, Planet Saitama, and Planet Aichi) for individual shareholders. These distribution centers, which form the core of our business, helped approximately 200 participants deepen their understanding of our unique business strategies.

    
    
    

    In front of the Automated Bucket Warehouse, Planet Osaka (50 participants)

• Building a company that allows innovation and security

  In April 2026, 123 new employees joined us. Last year, the mandatory retirement age was raised to 68. As we spend a lot of time at work, we are working to build a company where each individual can work with peace of mind and where all employees can take on challenges based on their own ideas.

  
  
  

  2026 New employee job offer ceremony (123 new employees for 2026)

  Initiatives

  in the 64th period

  
  
  

  [ Product Department]

  Challenging ourselves to create new customer benefits

  
  
  

  Kazuo Nakai

  Director & General Manager of Product Department

  Executive in charge of

  TRUSCO NAKAYAMA USA, INC.

  We will further strengthen our role as a reliable procurement partner for manufacturing sites, aiming for greater heights. By pioneering new categories and enhancing our product offerings, we will take our competitive product lineup to the next level. Furthermore, we will think outside the box in developing and adopting products, thereby improving "convenience, security, and customer satisfaction."

  Initiatives and Results for 63rd

  Mission for 64th

  • Achieving a product lineup

    that solves customers' challenges

    Based on direct feedback from our sales team, we have enriched our product lineup to immediately deliver users what they want. We proactively stocked BCP-compliant items that are helpful in emergencies and heat protection

• Broadening our product offerings

  
  
  

  By expanding our product offerings in areas such as heatstroke prevention items, environmental sanitation supplies, and emergency supplies, we will strengthen our product lineup and meet high user expectations and demand.

  
  
  

  items in high demand without running out of stock. The number of our inventory items grew by 12thousand from the previous period, reaching 623thou-sand items. Furthermore, in response to users' opinions, we actively found new suppliers, increasing the number of our suppliers to 3,729 companies.

  Heatstroke prevention items

  Air purifier/

  
  
  
  
  

  Pest control products

  Preserved foods for stockpiling

  442

  thousand

  499

  thousand

  thousand

  thousand thousand

  2,652

  2,966

  3,272

  3,509

  thousand

  Number of suppliers

  3,637 3,729

  
  
  

  Trends in the number of inventory items and the number of suppliers

  Number of inventory items

  562

  593

  611

  623

  Heatstroke prevention watch

  Deodorizing air freshener

  Retort pouch type

  2020

  2021 2022 2023 2024

  2025

  Salt tablets

  Insect repellent products

  Freeze-dried type

  
  
  

  • Market-oriented product adoption and development Being the first to spot market needs, we adopted and developed products with pricing and specifications that satisfy our customers-quality that only

    TRUSCO can deliver. With new items added, sales of our private-brand factory fans rose to 290 million yen (+¥150 million year-on-year). A special set combining portable power supply, which is in high demand for disaster preparedness, with heating equipment was highly acclaimed.

• Creating highly competitive products

  We will focus further on our market-oriented approach. Specifically, we will globalize our procurement scope to enhance our product lineup in the largest market segment. We will also improve customer satisfaction by boosting the development of high-quality, cost-effective private brand products. Moreover, through the

  
  
  

  TRUSCO factory fans with an expanded lineup

  Our original top brand products

  development of products that cater to market needs with uncon-

  
  
  

  ventional ideas, we will strive to improve sales and profit margins.

  
  
  
  
  
  
  

  ＋

  Products in the largest market segment with high repeat demand

  Cooling booth to prevent severe heatstroke

  
  
  

  Factory fan with DC motor

  Fully enclosed factory fan

  Commercial stove + Portable power supply

  
  
  
  
  

  Masking tape

  Personal cooling box

  ＋

  
  
  

  Large-size factory fan equipped with DC motor

  Fan heater + Portable power supply

  
  
  

  Diamond cutter

  Rechargeable compact blower

  High-speed motor delivers powerful airflow

  
  
  

  Cooling

To be released in March 2026

Initiatives

in the 64th period

Tatsuya Nakayama

Director & General Manager of Distribution Department

Guided by our policy that "Business must serve people and society," we aim to exercise our full potential, especially during challenging times like disasters and supply chain disruptions. We are also working to become indispensable as society faces great transformations that include a declining population and accelerated decarbonization. To be a reliable presence under any circumstances, we must enhance inventory and shipping capacities while also promoting process automation, contributing to decarbonization, and strengthen our infrastructure to ensure stable operations even in emergencies and disruptions. We are committed to building a distribution system resilient to change that can be relied on in times of emergency and into the future.

Initiatives and Results for 63rd

Mission for 64th

• • Inventory expansion aligning

    with the concept "TRUSCO has it"

    
    
    

    "TRUSCO has it" expresses the fundamental aspects of convenience that TRUSCO has to offer. We have expanded the inventory at our distribution centers across the country, improving the "area inventory shipment rate," or the percentage of orders shipped from the inventory of distribution centers nearest to customers, from 70.9% in December 2024 to 74.6% as of December 2025.

• Building distribution capacity looking ahead to 2030 and beyond

As the customer demand for Uchoku and other services continues to grow, our role to fulfill in the supply chain is becoming increasingly significant as we take on the responsibility of addressing challenges such as labor shortages stemming from population decline and decarbonization. Centering around our new facility Planet Aichi, we are working to enhance our distribution capacity through automation and initiatives including shipping

91.3

92.1

92.6

92.8

93.0％

capacity enhancement, looking ahead to 2030 and beyond.

Inventory shipment ratio (%) Percentage of orders coming from our inventory

74.6

80.0％

68.7 69.3

70.9

Area inventory shipment rate (%)

Percentage of orders shipped from the inventory of distribution centers nearest to customers

60th period FYE December 2022

61st period FYE December 2023

62nd period FYE December 2024

63rd period FYE December 2025

Fiscal year under review

64th period FYE December 2026

Plan

AutoStore

Skypod®

• Enhancement of Uchoku capacity

  The demand for NIAWASE (order consolidation) and Uchoku (direct delivery to users) grew further, resulting in 8.48 million directly shipped packages with net sales of 47.5 billion yen. To increase shipping capacity and pursue environmentally friendly logistics, we have enhanced packaging equipment, improved processes, and renewed materials.

• TRUSCO logistics prove truly useful during an emergency

  
  
  

  27.2％

  Uchoku sales ratio (%)

  17.5

  12.6

  14.8

  Number of deliveries

  (Unit: 10,000)

  2,900

  625

  8 8

  1,130

  62nd period 63rd period 64th period 67th period

  FYE December FYE December FYE December FYE December I-Pack®

  2024 2025 2026 2030

  Fiscal year Plan Plan under review

  (high-speed automated packaging and

  shipping line)

  4

  
  
  

  A disaster, supply chain disruption, or emergency for customers or suppliers-it is precisely in these times of need that we want to be of service to people and society. In preparing for the unexpected by increasing our inventory of disaster relief supplies and other items, establishing systems that ensure uninterrupted, stable operations, and other means, TRUSCO aims to be a first-choice logistics company in case of emergency.

  Abundant inventory of disaster relief supplies useful during emergencies

  Seismic isolation equipment enabling distribution centers to remain operational even during earthquakes

  Initiatives

  in the 64th period

  
  
  

  [ Digital Strategy Department]

  Digital connectivity behind supply chain evolution

  
  
  

  Atsushi Kazumi

  Director & General Manager of Business Management Department, General Manager of

  Digital Strategy Department, General Manager of

  Orange Book Department

  We utilize digital technology as an essential element of our business activities, not as a specific initiative. By digitally connecting products, inventory, logistics, and people and providing systems that support the entire supply chain, we have enhanced convenience for our customers and users. Going forward, we will work to make data and AI-driven decision-making more sophisticated and further enhance security to create an environment that can give users peace of mind. Our goal, as a key player in the distribution infrastructure supporting society, is to create sustainable value.

  Initiatives and Results for 63rd

  Mission for 64th

  • Enhancing purchasing convenience in the supply chain

    
    
    

    TRUSCO Orange Book.Com Cross enables users to easily find the products they need and purchase them through their suppliers, reducing the effort required of users and suppliers in quotation and order placement. It allows for effortless use of our features, such as selection of delivery methods, bringing greater convenience.

    620,000 items in stock

Easy to order

Various delivery methods

Uchoku

( )

delivered by carrier

Delivered from dealers

YOKEL

• Combining inventory and digital technology to create new services

  ① Inventory reservation system "Totteoki"

  Necessary products are secured and reserved out of the 620,000 items in our inventory beforehand.

  ② Quotation-inventory-order coordination system "Haya Gatten" We prepare inventory proactively when we don't have quoted items in stock.

  Suppliers

  TRUSCO

  Customers

  Totteoki

  Secure/Reserve

  Proactive arrangement

  620,000

  items in stock

  Haya Gatten Peace of mind!

  Quick delivery!

  Quote

  
  
  

  Through these two services, we provide an environment where users can find what they need, when they need it, without anxiety.

  ( )

  Fastest delivery

  from over 620,000 items in stock

  Real-time price and delivery time

  pick up of products at our distribution bases

  • Strengthening multi-layered defense against sophisticated threats

    To prepare for increasingly sophisticated cyber threats, we are continuously strengthening our multi-layered security measures. In addition to intrusion prevention and behavior detection with WAF*1 and EDR*2, we employ backup protection and log analysis to promptly detect and minimize potential damage.

    Attacks

    Threat countermeasures

    using the latest technology

    Protected

    subject

    External Intrusion Behavior attacks prevention detection

    • Unauthorized access

    • e-mail

    • Malware

    • ID/Password abuse

    • WAF/FW

    • IPS

    • e-mail countermeasures

    • EDR

    • Log monitoring

    • Fraud detection

    • Core system

    • EC websites

    • Logistics

    • Data protection

    *1 WAF…Web Application Firewall

    *2 EDR…Endpoint Detection and Response

• Data and AI-driven evolution of management foundations

  In 2025, we established a unified AI development platform, delivering quick results on initiatives like AI-powered HR activities. Utilizing a common AI foundation combined with business data, we are promoting greater sophistication in our operations and services while expediting management decisions.

  AI-based Make HR proposals Common AI foundation

  job rotation tailored to each

  employee's life plan • Data integration

  • Simulation

  Business and personnel data

  Career

  history

  Skills

  Performance

  Appraisal

  
  
  

  Initiatives

  in the 64th period

  [ Sales Department]

  Continue to meet expectations and prove worthy of trust from our customers through optimal and best services tailored to their challenges and needs

Masashi Yamamoto

Senior Executive Officer

General Manager of Sales Department

The environment surrounding our customers changes rapidly day by day, making their challenges and needs increasingly complex and diverse. We are committed to further evolving our unique services, utilizing our strengths, and proposing the optimal and best solutions from the customer's perspective. By carefully listening to their opinions and thoughtfully communicating our vision and approach, we will continue to meet their trust and expectations by bringing together the power of logistics, systems, and people.

Initiatives and Results for 63rd

Mission for 64th

• • Accurately understand the issues and

    values of our customers to strengthen functions

    Factory route 211,223 million yen (+7.2% yoy)

    We focused on solving the challenges faced by customers and users by proposing tailored solutions through our unique services, including "NIAWASE + Uchoku" (order consolidation + direct delivery to users), MRO Stocker, "YOKEL" (user pickup service), and "Naojiro."
    
    Utilizing our product strength and distribution capabilities, we focused on collaborating with existing customers and acquiring new customers in industries we had not sufficiently served, creating new business opportunities.
    
    

    e-business route 76,960 million yen (+12.9% yoy)

    We further shortened delivery time and achieved one-stop procurement on each customer's website by accelerating system linkage centered on product data and inventory information, leading to enhanced market advantage.

    Home center route 28,396 million yen (+5.9% yoy)

    Utilizing our thorough inventory and distribution capabilities, we expanded our market share by implementing initiatives to seamlessly connect physical stores with online channels and by strengthening proposals to pro-tools shops for craftsmen.

    Overseas route 3,463 million yen (+12.0% yoy) Local subsidiaries reduced delivery time due to the expansion of the inventory of products that match market needs. In the export business, we strengthened our competitiveness by enhancing customer convenience through our extensive product lineup.

  • Sales trends by segment (100 million yen)

• Proposing the optimal and

  best services for our customers

  Our newly released member site for users, TRUSCO Orange Book.Com Cross, streamlines procurement operations for users and customers, with multiple options for receiving products. Among others, YOKEL is a new procurement method that enables users to receive our in-stock items in 15 minutes at the earliest, with peace of mind even in emergencies. Also among our proposals for services optimized for customer needs are "NIAWASE + Uchoku" and our MRO Stocker.

  Pickup of products ordered using YOKEL 24-hour pickup lockers

  
  
  

• Disaster preparedness utilizing our strengths

  Led by the newly established BCP Response Promotion Section within the Sales Department, we will build a system to swiftly procure essential goods during emergencies; this includes selecting disaster relief supplies, increasing inventory, and publishing catalogs. Furthermore, we will expedite the signing of disaster recovery agreements with local governments in collaboration with our customers, allowing us to be of service even during disasters. With this trust as our foundation, we will create new demand and expand sales.

  
  
  

  30

  25

  21

  515 221

  1,706

242

591

1,821

268

681

1,969

283

769

2,112

2025 34

2024

2023

2022

Factory route e-business route Home center route Overseas route Example: Catalog listing disaster relief supplies and the listed products

Initiatives

in the 64th period

Atsushi Kazumi

Director & General Manager of Business Management Department, General Manager of

Digital Strategy Department, General Manager of

Orange Book Department

Considering the needs of the times, even in the digital age, it is impossible to judge whether to use paper or web catalogs uniformly in terms of the diversity of Monodzukuri sites. We believe that it is up to our users to decide which type of catalog or media to use. We are working to achieve greater user convenience and bring more business opportunities for customers with catalogs that feature our vast inventory and allow products to be delivered promptly.

Initiatives and Results for 63rd

Mission for 64th

• • Back to basics: TRUSCO Orange Book 2025

    • Effectiveness of paper catalogs

    Additional listings for Orange Book 2025 edition: 210,000 items (actual)

    (Re-listings + New listings)

    56.9 billion yen

    (+117% year-on-year)

    Returning to our basic concept of linking product adoption, inventory adoption, and catalog listings, we have published our Orange Book, featuring 420,000 items (immediate delivery rate: 90%). Sales of the 210,000 added items amounted to 56.9 billion yen (117% year-on-year), delivering a tangible impact with our catalog listings.

    
    
    

    Number of items listed: 420,000 Total circulation:

    Approx. 150,000 copies

• Strengthening the integration of paper catalogs and e-commerce sites

  Paper catalog

  WEB

  NEW!!

  User review

  453,000 items

  listed in the Orange Book

  2026 edition

  Selection

  ⇒Order

  Orange Book

  .Com Cross

  Compare and

  evaluate

  Compare and evaluate numerous equivalent products

  Product details

  Check prices and delivery dates

  in real time

  Paper catalogs have the advantage of perspicuity, while e-commerce sites provide more in-depth product information alongside real-time price and delivery date checks to help users complete their orders. We are further strengthening the integration of both formats and enhancing "user review" functions.

  • TRUSCO Orange Book.Com Cross, our purchasing site for users

    To simplify product procurement for users and improve operational efficiency for customers, in March 2025 we launched a new service with enhanced functionality, including easier product comparison and real-time price and delivery date checks.

• New Categories for

TRUSCO Orange Book 2027 (Planned)

We are expanding our product lineup as part of our efforts to strengthen advanced fields and new markets.

•Space-related products

NASA-STD supplies

Astronaut hand tools

Space lubricant

•Products for healthcare facilities

Number of users: 6,924, Sales performance: 2.01 billion yen (as of the end of 2025)

Medical protective equipment Testing supplies

Pill cases

Company Executives

Matters concerning Company Executives

Directors and Auditors (as of December 31, 2025)

Notes: 1. Pursuant to Article 19 of the Articles of Incorporation of the Company, the term of office of a director is one year.

1. Outside Director Takako Suzuki resigned upon the expiration of her term at the closing of the 62nd Annual Shareholders' Meeting held on March 28, 2025.

2. Outside Directors Kenichi Saito and Kuniaki Hagihara, and Part-time Auditor Hiroho Kamakura resigned on June 30, 2025.

   ESG Activity Report

   Environment

Initiatives for Sustainability

For more than 25 years since before the word "sustainability" became popular, we have been continuously working on business activities with lowered environmental impact with "Sustain-ability" as our slogan. At present, we are engaged in a variety of initiatives as TRUSCO "Sustain-ability" projects designed to create a better future, including social activities and governance.

Sustainability

Environmental activities through business

TRUSCO is committed to reducing the environmental burden of our business activities, planning and developing environmentally-friendly PB Products and proactively recycling, reusing, and returning products to their original state. The aim is to reduce environmental impact through the entire supply chain, including for users of our products, thereby achieving sustainable distribution. Within the Company, we are working to raise awareness of reduction of environmental burdens among each employee.

Suppliers

（3,729）

1

2

3

3

4

Users

(Unlimited ∞)

•Reducing the environmental burden

by "Niawase" + "Uchoku"

4,716t reduced

by using our equipment

•TRUSCO Power Generation Installations (21 locations)

TRUSCO's Direct Delivery Service realized by "Niawase"

+"Uchoku" makes it possible to deliver directly to users (8.48 million packages a year) instead of two-step deliveries that involve customers. Not only does this shorten delivery times

We install photovoltaic power generation panels at our new business locations.

• Changes in power generation and power self-sufficiency rate

  but also helps reduce the amount of packaging materials

  used and CO2 emissions.

  Power Generation Capacity

  4,659kw

  Power Self-sufficiency

  Rate

  25%

  268

  16.7

  262

  15.5

  481

  ten thousand kWh

  25％

  4 Using our products 6,438t reduced

  •MRO Stocker is like "Okigusuri," a system of "Use First, Pay Later" for medicine, but for tools Always having professional

  tools in stock reduces management costs, delivery time, and unnecessary purchases. In addition, delivery costs as associated with each order are also reduced, which helps

  Solar power panels on the roof of

  2023

  2024

  2025

  to reduce the environmental burden.

  Planet Aichi

  (3,396 panels, 1,867 kWh)

  ■■ …Power generation

  • …Power self-sufficiency rate

  •Repair Workshops

  "Naojiro" Service

  Naojiro Repair

  1,192t reduced Workshops Website

  Responding to risks and opportunities attributed with climate change

  In order to continue to be of service to people and society in any era, we are resolving social issues and contributing to local communities based on our "Sustainability" Basic Policy. Based on the TCFD* recommendations for climate change, we also disclose the following four items: "Governance," "Strategy," "Risk Management," and "Indicators and Targets."

  Environment

*Task Force on Climate-related Financial Disclosures (TCFD)

Suppliers

Customers

• CO2 emissions related to the Company's business activities (results of 2024)

  
  
  

  Responding to risks and opportunities attributed with climate

  Scope 2

  Electricity use

  7,350

  (t-CO2)

  0.3%

  Category 11(Use of sold products)

  Category 1(Purchased products and services)

  1,568,961(t-CO2)

  59.3%

  Fuel use

  (t-CO2)

  2,364 0.1%

  Scope 1

Category 2

(Capital goods such as buildings, machinery, etc.)

22,708(t-CO2)

0.9%

36.9%

975,580

(t-CO2)

Category 12(Disposal of sold products)

27,517

change

About Scope 3

Category 4(Transportation, delivery)

36,498(t-CO2)

1.4%

*Figures with % indicate composition ratio.

*Scope 1: Direct emissions from fuel use

Scope 2: Indirect emissions resulting from energy supplied by another company Scope 3: Indirect emissions related to the supply chain other than Scopes 1 and 2

(t-CO2) 1.0%

Other products

0.1%

2,661

(t-CO2)

Comfortable

work environment

Based on the idea that "an employer has the obligation to provide a work environment where employees can continue to work for a long time with a peace of mind," the Company provides an environment that supports participation of diverse human resources and encourages all employees to use various workplace-related programs at TRUSCO.

Promotion of female employees

Since around 2006, we have set a goal of increasing the percentage of female employees, and have been promoting recruitment activities and creating a workplace where they feel comfortable working. In January 2024, our first female general manager took office, and in the same year we established a new "Girls' meeting for proposals." This meeting is held to encourage the hiring of future female executives, allowing female employees determined through a candidacy system to participate in monthly management conferences and make proposals for business improvement and company growth.

Members of the Girls' meeting for proposals *Years of service are in parentheses. From left: Haruka Kakazu (13), Chiaki Nakajima (13),

Ayumi Doi (19), Saori Miyazaki (13),

Satoko Kitai (13)

46.5%（Employees）

Percentage of

annual paid leave taken

32.5% 95.2%

Percentage of female

employees hired

Percentage of female

employees

Percentage of female

senior supervisors

37.0 % 73.6 %

（Employees） （Part-time employees）

Percentage of employees

who have taken childcare leave by gender

68.7

Male

Female

%（Employees）

（Employees） （Employees）

35.0 %（84）

Number of male employees who have taken childcare leave

13

Percentage of female

employees in management roles 8.7 %（11）

Average number of overtime hours

per month

23.0hours*2

Comfortable work environment indicators*1

Result for 2025

*1The above indicators are for the parent company only.

*2It includes hours within the statutory overtime hours.

TRUSCO NAKAYAMA

Health Insurance Association

TRUSCO NAKAYAMA

Health Insurance Association website

As a company that looks after the lives of our employees, we want to take responsibility for the health of our employees and their families. Based on that desire, in April 2019, we established the TRUSCO NAKAYAMA Health Insurance Association, our sole health insurance association. Its establishment allows us to make decisions smoothly and further enhance our own insurance services.

TRUSCO NAKAYA-

MA Health Insurance

Association

(From left) Yoshimi Kaneshiro, Manager Akiko Tani, Supervisor Yuka Sato

Programs for employees to work for

many years with peace of mind

The "spirit" of a corporate system differs depending on when it was initiated. We have a number of unique human resource programs that were inspired not by the trends of the world but by our concern for our employees. By respecting the opinions of our employees and supporting their work styles through various approaches, we improve their motivation to work which leads to the growth of the Company.

Details of personnel systems

Under this system, employees who wish to take special leave (paid) for childcare purposes are granted up to 20 days per child until the end of the month in which the child turns one year old.

*Split or hourly use of leave available

This program allows employees to apply for relocation to an area of choice when their spouse (even if employed by another company) is transferred.

Hiroki Koyanagi, Mito

Branch

The system allows employees to apply for a desired transfer if they wish to work in the vicinity of people they associate with, both inside and outside the company.

Program participants

10

Result for 2025

*Maximum of 3 years

At TRUSCO NAKAYAMA,

employees can take childcare leave until the end of the month in which their child reaches the age of three.

Program participants

33

Result for 2025

Society

The Nakayama Visually Impaired Welfare Foundation

"Giving Back to Society" through the Nakayama visually impaired welfare foundation

The Nakayama visually impaired welfare foundation was established in 1997 in response to the will of "wanting to serve visually impaired people" by Kiyoko Nakayama, the mother of Tetsuya Nakayama (President of the foundation), who was born with optic nerves damaged by a forceps delivery. It later became a public interest incorporated foundation in 2010. The basic property shall be shares of TRUSCO NAKAYAMA Corporation, and the foundation does not receive donations or support from outside and does its own management. We continue "Giving Back to Society" through the Nakayama visually impaired welfare foundation.

(2025) Guide dog "Cool"

Managing the foundation using stock dividends

The foundation was established by the Nakayama Family with four million shares of TRUSCO NAKAYAMA Corporation stock and $3 million in cash. In addition, the Nakayama Family donated an additional one million shares of TRUSCO NAKAYAMA Corporation stock in 2021. The foundation operates its business with the dividends from the shares.

No. of Company shares held

4.35 million shares (as of December 31, 2025)

New Nakayama Memorial Hall (completed on September 15, 2021)

Overview

Established

President Address

Support project results

Area of grounds Floor area Structure

October 1, 1997

Transition to a public interest incorporated foundation was made on November 1, 2020

Transition to a public interest incorporated foundation was made on October 1, 2021 Japanese name of the

Nakayama visually impaired welfare foundation was changed. Tetsuya Nakayama

2-1-9 Mizuki-dori, Hyogo-ku, Kobe, Hyogo Prefecture 652-0802 (3 min. walk from Shinkaichi Station)

1,127,860,000 yen

(cumulative total over 28 years until FY2024)

approx. 1,401 m2

approx. 5,712 m2

1 underground level, 5 floors above ground, equipped with isolation system

List of Officers and Board of Directors for the Nakayama visually impaired welfare foundation (listed in alphabetical order)

President

Tetsuya Nakayama Senior Director Saori Nakayama

Managing Director

Hiroaki Matsuyama

Director

Takuji Iuchi Norio Ichikawa Tatsuya Otsuka Kohei Goto

Osamu Tsujimoto Teruo Hashimoto Kenji Furuhashi Atsushi Matsumae Masahiko Mori Naoyuki Yamamoto

President of TRUSCO Corporation

Representative Director of NR Holdings Co., Ltd. Registered as Certified Public Accountant

Managing Director

President and CEO of AS ONE Corporation President of Zojirushi Corporation

President & Chief Executive Officer of Earth Corporation

Chairman of SANKO Co., Ltd.

President of TSURUMI MANUFACTURING Co. Ltd.

Chairman of Nippon Lighthouse Welfare Center for The Blind

President and CEO of Hosiden Corporation

The Nakayama Visually Impaired Welfare FoundationFull-time Director

President of DMG MORI CO., Ltd.

CEO and Chairman of Yamamoto Kogaku Co., Ltd.

Auditor

Kohei Nomura Kazumasa Murai Councilor Yusuke Saraya Tomihiro Takamatsu Yuko Nakayama

Rie Nakayama

Motonobu Nishimura Yuki Noumura

Junji Hada Naotaro Hikida Kunio Yamada

Yoshiaki Yamamoto Teiji Wakita

Attorney at Nomura & Partners

Certified Public Accountant and Tax Accountant at Murai Certified Public Accountant Office

President and Representative Director of Saraya Co., Ltd.

Former Chairman of DyDo GROUP HOLDINGS INC. Representative Director of NS Holdings Co., Ltd.

Assistant Professor of Department of Otolaryngology, Graduate School of Medicine, Keio University

Chairman of Mandom Corporation

President and Representative Director of Taiyo Kogyo Inc.

Chairman of ELECOM Co., Ltd.

President and Representative Director of Kohnan Shoji Co.,Ltd.

Chairman of Rohto Pharmaceutical Co., Ltd.

Former Director of the Department of Welfare for Persons with Disabilities

President and Representative Director of Wakita & Co., LTD.

Senichi Hoshino (former Nippon Professional Baseball manager), who passed away on January 4, 2018, served as director from June 2017 to January 2018, and contributed to the development of the foundation.

Nakayama Memorial Hall facilities leasing business

At Nakayama Memorial Hall, 14 non-prof-it organizations cooperate with each other to provide total support to a large number of visually impaired persons.

Spacious reception hall Sunny balcony

Grant project for support groups for visually impaired people and individuals

The foundation provides grants to groups for visually impaired people

➊Subsidized project ❷Scholarship grant program

and support groups in financial difficulty, and provides scholarships free of charge to university students and others.

The foundation provides grants to organi-

zations for the visually impaired people and support groups, and volunteer groups.

The scholarship provides a non-repayable monthly stipend of

80,000 yen for visually impaired students in undergraduate, junior college, and master's programs who have a strong desire to study, helping to create an environment in which they can concentrate on their studies through to graduation.

Support activities for social participation activities for visually impaired people

People with disabilities spend every day like people without disabilities, and the foundation supports the participation of visually impaired people in society, aiming to establish the concept of "normalization," whereby everyone can work together with vigor and enthusiasm.

➊Hyogo Prefecture Visually Impaired People Music Festiva Project "Nakayama/KLC Concert"

A classical concert started for the purpose of providing many visually impaired people with opportunities to perform.(KLC...Kobe Light Center)

➍Music performance project "Nakayama Wonderful Festa"

This is a concert that visually impaired people can attend with wheel-chairs and guide dogs which allows them to enjoy the concert free from worry.Vi-sually impaired visitors are welcome to come with their guide dogs or in wheelchairs so that they can enjoy the

"Nakayama/KLC Concert Vol.12" Guest appearance "Ensemble Kobe"

❷Lending business for guide dogs

We commission the training of two guide dogs per year and lend them to the visually impaired as "Nakayama Go" guide dogs. As of 2025 we have loaned 48 dogs.

❸Personal computer course project

Courses are divided into

event without distraction.

In FY2025, 1,672 audiences enjoyed a concert by singer Shigeru Matsuzaki.

Past performers (honorifics omitted) #23 2023 Iruka & Hiromi Ohta

#24 2024 Ryotaro Sugi &

Natsuko Godai #25 2025 Shigeru Matsuzaki

Note: Concerts were not held

from 2020 to 2022 due to the Covid-19 pandemic.

Guide dog lending ceremony

held during the 25th Nakayama Wonderful Festa

Nakayama Wonderful Festa #25 (Shigeru Matsuzaki)

beginner, Internet, Microsoft Office, iPad experience, and voice PC experience courses to teach basic computer usage and Internet operation.

Computer course

❺Accompanying aid workers (guide helpers) education training project

Training sessions are held six times a year with the aim of increasing the number and improving the quality of companionship support employees (guide helpers).

➏Barrier-free movie screening project "Nakayama UD Film Festival"

Sponsored by the Nakayama visually impaired welfare foundation,

the Nakayama UD Film Festival features audio commentary and Japanese subtitles for films screened. (UD...Universal Design)

A section of the Nakayama Memorial Hall has been used to provide real estate leases (office leasing, etc.) since November 2021.

Corporate Governance

Governance system

• For the embodiment of "TRUST COMPANY"

  The Company name and corporate logo

  directly express the concept of "TRUST COMPANY," a company trusted by all stakeholders. We will fulfill our social mission by embodying this concept as
  
  

  the starting point of our daily corporate activities.

  Corporate philosophy

  
  
  

  • Management that Keeps on walking ahead boldly and steadily

  • Management that respects people

  • Management that fosters entrepreneurship

  • Management that responds to the market in a trustworthy manner

  Our mission is to contribute to society through corporate activities and to realize the happiness of the people with whom we are connected.

  Idea ▶

  Existence philosophy

  Vision▶

  • Value sincerely and courtesy

  • Generate ingenious ideas and plan meticulously

  • Act dynamically with conviction

  • Build trustworthy communication with friendliness

  Management philosophy

  Behavioral philosophy

  People with whom we are connected(stakeholders)

  Meaning employees and their families, suppliers,clients,shareholders, and

  all other people related to the Company

  Behavior▶

  Society

Market

A company that earns trust

• Top-Level Parties Conference (Board Meeting)

  Consisting of only executives (excluding Outside Directors and Part-time Auditors), our Board of Directors Meetings deliberate and share the directions of the Company.

• Zentaku Hotlines

  "Zentaku Hotlines" are reporting hotlines established inside and outside the Company to early detect, address,

  and prevent any compliance issues.

  Zentaku Hotlines

  Internal Hotline: An internal reporting hotline for employees established

  within the Sustainability Promotion Section and the Osaka Management Section

  Lawyer Hotline: An internal reporting hotline for employees established at

  an external contractor

  Partner Zentaku Hotline: A reporting hotline for suppliers established within

  the Sustainability Promotion Section

• Board of Directors' Meeting (Management Conference) The Board of Directors meets once a month in principle to make decisions.The Management Conference seeks a wide range of opinions from attendees that include executive officers and general managers of departments to ensure a broad perspective and transparency.

Features of the Conference

1. Round-table layout allowing face-to-face communication

2. The seating is changed every time with no regard to seniority to facilitate participation from a fresh perspective

3. Minutes of the Management Conference, containing not only the resolved matters, but also the comments of each attendee,

   are released to all employees within one week.

4. Female employees determined by a candidacy system make proposals for improvement, enhancement, and growth as the "Girls' meeting for proposals."

5. Visualize in advance the percentage of time spent on deliberations, reports, proposals, etc. in the entire meeting for effective use of meeting time.

6. Every meeting, outside directors are given time to offer advice to utilize their knowledge.

   • "Fire Lookout Tower" electronic auditing system

This is the industry's first electronic auditing system, which was

launched in June 2001. The system is operated for the purpose of

• Open Judge System (OJS; 360-degree evaluation)

Objectives

1. The objectivity of the evaluation can be enhanced because various evaluations are conducted not only by supervisors but also by colleagues and subordinates with whom the employees work on a daily basis.

2. Evaluation comments are feedback to each individual to help them reaffirm their "strengths," "weaknesses," and

   "what is expected of them," leading to behavioral reforms.

3. This is a system in which co-workers mutually evaluate each other, which will create a good sense of tension. Knowing that they are being monitored will encourage all employees to work harder and improve their abilities.

*For all full-time and part-time employees, excluding officer.

Evaluation system operation method

1. Personal information on voters is completely undisclosed.

2. Each of three evaluation items is rated on a 5-point scale.

3. Voting results are reflected in personnel evaluations, promotions, salaries, and other personnel treatment.

   
   
   

   • "Shushazentaku" education To ensure that each and every employee has a high sense of ethics, we have adopted the concept of

     Shushazentaku as a compliance guideline and instilled our corporate stance of making a decision based on what is right rather than focusing on whether it is profitable. We distribute the TRUSCO Zentaku Book, our compliance manual,

     to all employees, including part-time workers, to ensure that they are fully

     immediately detecting abnormal events using electronic data of internal transactions and taking measures to prevent recurrence.

     aware of the importance of making good choices.

     TRUSCO Zentaku Book, our compliance manual

     General Meeting of Shareholders

     Held once a month

     Representative Director

     Executive Directors

     Full-time Corporate Auditors

     1

     3

     1

     Coordination

     Senior Executive Officer 1

     6members in total

     Held once a month

     Full-time Corporate Auditors 1

     Part-time Corporate Auditor＊ 2

     Board of Directors' Meeting

     Held once a month

     (Management Conference)

     Audit

     Board of Directors Management Conference Accounting Auditor

     Reporting Deloitte Touche Tohmatsu LLC

     Representative Director 1

     Executive Directors 3

     Outside Directors 1

     Direct contact

     from suppliers

     Full-time Corporate Auditors 1

     Part-time Corporate Auditor＊2

     8members in total

     Members of the Board of Directors 8

     Senior Executive Officer 1

     General Managers 21

     30members in total

     Lawyer Hotline

     Legal Advisors

     Direct contact from

     employees(including those of overseas subsidiaries)

     Central Health and

     Safety Committee

     Sustainability

     Committee

     Sustainability

     Promotion Section

     Representative Director Reporting Internal Auditing Office

     and President Audits conducted through the Reporting Tetsuya Nakayama "Fire Lookout Tower," an

     electronic auditing system

     Coordination

     Safety Committee

     Health Committee

     Compliance

     Officer

     Audit/guidance

     Direct contact from employees

     (including those of overseas subsidiaries)

     • Cross-departmental personnel transfers

     (1)Transfer of personnel,including manager positions,generally every 5 years on average (2)Fostering multifaceted employee development and creating a corporate culture free of factions (3)Preventing fraud through new surveillance

     Board of Auditors

Reporting

Reporting

Coordination

Beginning in 2024, the Company has disclosed the history of this investigation and the amount of additional tax collections as a key governance indicator.

Current Status and Policies of the Company

Employees

Number of employees

(Unit: persons/age/years)

Number of employees with disabilities

*Note: The number of employees seconded employees and local employees of subsidiaries.

Matters concerning stock of the Company

Status of shares

Notes: 1. The number of employees with disabilities necessary for the Company to satisfy the mandatory rate is calculated on a trial basis.

1. Rate of employees with disabilities is calculated as the ratio to the total number of full-time employees.

   Top 10 largest shareholders

   1. Total number of authorized shares

   2. Total number of issued shares

110,000,000

66,008,744 shares

(including 68,385 treasury shares) 65,940,359 shares

Name

No. of Shareholding

shares held ratio

(thousand shares) (%)

１ NS Holdings Corporation

7,918

12.01

Number of shares: 66,008,744

Foreign

corporations, etc.

0.10% 39.39%

68,385 26,003,869

1 512

21.38%

14,112,238

57

13.73%

9,061,312

25.40%

16,762,940

13,564

228

（ yoy

No change

） （ 2 yoy ）

Up

（ 5 yoy ）

Up

（446 yoy ） （24 yoy ）

Up

Up

Number of shareholders:14,362

Individuals and others

Japanese Banks and

companies securities firms

Treasury shares

7 NR Holdings Corporation

9 Heisei Jitsugyo Limited

2,358

1,802

3.58

2.73

10 SG/UCITS V/INV 1,645 2.49

Note: Shareholding ratio is calculated as a percentage of the total number of shares issued and outstanding (excluding 68,385 treasury shares) as of the last day of the fiscal year under review.

Dividend of surplus and dividend calculation standard

Dividend policy

The Company carries out business activities and capital investment for the purpose of being of service to the manufacturing sites in Japan to achieve sustainable growth and thereby intends to maximize the return to its shareholders. As for the distribution of profit, the Company's basic dividend policy is to pay performance-linked dividend at a consolidated payout ratio of 25% based on net income attributable to owners of parent, provided that the Company's profit has exceeded a certain threshold subject to a lower limit to secure stable dividend.

"TRUSCO Zentaku Dividend" Newly established (2023) The Company introduced a new dividend system, "TRUSCO Zentaku Dividend," effective from the fiscal year ended December

31, 2023, based on the concept of "Shushazentaku" to overcome the dichotomy between positive investment in digital and distribution and shareholders' expectations for dividends. According to

Dividend calculation standard

Above 40 (20) yen

Net income per share x 25%

Below 40 (20) yen 10 (5) yen

Net income per share Annual (interim) dividend per share

Notes: 1. The figures in parentheses () indicate the calculation standard for the semi-annual period.

2. For the purpose of this calculation, any fraction less than 1 yen will be rounded up in increments of 0.50 yen.

(0.01 -0.49 yen will be rounded up to 0.50 yen and 0.51 -0.99 yen to 1.00 yen)

Annual dividend per share and net income per share

(Unit: yen)

Net income per share

Annual dividend per share

238.72*

the above basic dividend policy, in case the determined annual

dividend per share is less than the annual dividend per share for the previous term, a portion of depreciation for the relevant term

Net income per share

159.11*

1854.5.45*

214.84*

220.50 yen*

(depreciation x 10% maximum) will be added to net income

attributable to owners of parent, and the dividend will be paid with a consolidated payout ratio of 25%.

Treatment of the impact of special factors, such as the sale of real estate or shares

In a term in which net income attributable to owners of parent has

Annual dividend per share

40.00

46.50

54.00 60.00 58.50 yen

fluctuated significantly due to the sale of real estate or shares not directly related to business activities or other special factors, their

2022

2023 2024 2025

FY under review

2026

Plan

impact is excluded in the determination of dividend amount.

*Net income per share recalculated after taking into account special factors.

tion