January 31, 2022
For Immediate Release
K.R.S. Corporation
Mitsubishi Logistics Corporation

Notice Regarding Business Alliance Between
K.R.S. Corporation and Mitsubishi Logistics CorporationK.R.S. Corporation (headquarters: Chofu city, Tokyo; President and Representative Director: Hideaki
Nishio; hereinafter, "K.R.S. Corporation") and Mitsubishi Logistics Corporation (headquarters: Chuoku, Tokyo; President and Chief Executive Officer: Masao Fujikura; hereinafter "Mitsubishi Logistics")
are pleased to announce that they entered into a business alliance agreement (hereinafter, the"Alliance") on January 31, 2022 as follows.

1. Background and purpose of the Alliance
In recent years, following increasing customer and consumer awareness of quality in the
manufacturing industry, strict quality control has become necessary throughout supply chains. In
particular, there have been increasing expectations for cold chains (low-temperature transportation)
because of the increase in demand for frozen/chilled foods and food loss reduction activities in thefood industry and increased enforcement of the guidelines for the appropriate distribution ofmedicinal drugs (GDP: Good Distribution Practice) and other initiatives in the pharmaceuticalindustry.
Within this context, the two companies have built a new distribution platform that supports foods
and medical care by combining K.R.S. Corporation's nation-wide distribution network, which isable to control four temperature zones, and the customer base, distribution bases, and import/export
cargo handling expertise, etc. of Mitsubishi Logistics with the goal of providing new value tocustomers. In addition, through these initiatives utilizing the strengths of both companies, the twocompanies believe that they will be able to contribute to solutions to various social issues and therealization of a prosperous and sustainable society.
2. Details of the Alliance(1) Food
Both companies will supplement each other's distribution functions to build a logistics systemthat can exclusively handle customers' supply chains, regardless of temperature zones or whether
it is an upstream or downstream supply chain. In addition, they will also work to build a joint
distribution network with increased efficiency and quality.
(2) PharmaceuticalUtilizing K.R.S. Corporation's nation-wide distribution network to achieve the pharmaceuticallogistics that is an area that Mitsubishi Logistics excels in, the companies will provide safe, secureand high-quality logistics services to customers while also aiming to establish new logistics
business. They will also consider the establishment of new services.
(3) Other
The companies will consider cooperation with overseas bases (in ASEAN, China, and othercountries and regions) and the joint development of new services such as frozen/chilled ecommerce projects.

[K.R.S. Corporation]
Representative: Hideaki Nishio, President and Representative Director
Location of headquarters: 3-50-1 Chofugaoka, Chofu-shi, TokyoTypes of businesses: Warehousing business; consigned freight forwarding business; motor truck
transportation business; customs clearance; sales of industrial and automotive fuel and oil,insurance agency; sales of logistics information and consulting on logistics operations; realestate renting and leasing business; administrative, accounting, human resources and labor
management procedures for other companies; subcontracted planning, development andconstruction of IT systems for the outsourced administrative and other procedures in thepreceding item, etc.
Capital: 4,063.11 million yen (as of the end of November, 2021)
Established: February 1966
[Mitsubishi Logistics Corporation]
Representative: Masao Fujikura, President and Chief Executive Officer
Location of headquarters: 19-1,Nihonbashi, 1-chome,Chuo-ku,Tokyo
Types of businesses: Warehousing; harbor transportation; international transportation; landtransportation; marine transportation; customs clearance; developing, selling andoperational management of the logistics systems; buying, selling and leasing oftransportation and cargo handling equipment; buying, selling, leasing, intermediarybusiness and management of real estate; contracting, design and supervision ofconstruction work; operation of parking lots, etc.
Capital: 22,393 million yen (as of the end of December, 2021)
Established: April 1887

Contact information for this news release
Corporate Planning Department, K.R.S. Corporation (TEL: +81-42-441-2070)
Corporate Communications Chamber, Mitsubishi Logistics Corporation(TEL: +81-3-3278-6652)