May 16, 2024
To Shareholders
Company name:Name of representative:
Securities code:
Inquiries:
Tel:

MITSUBA Corporation
Katsuyoshi Kitada,
Representative Director, President
7280 (Prime Market of Tokyo StockExchange)
Koji Ogino, General Manager,
Accounting and Finance Department
0277-52-0113[Correction] “Notice on Acquisition and Retirement of Existing Class Shares, Issuance of Class
Shares Through Third-Party Allotment, Partial Amendments to the Articles of Incorporation,
Reduction of Share Capital and Capital Reserve, and Refinancing of Current Borrowings bySyndicated Loans” and “MITSUBA Corporation Supplementary Information on Capital Policy”
MITSUBA Corporation has made the following corrections to “Notice on Acquisition and Retirement of Existing Class
Shares, Issuance of Class Shares Through Third-Party Allotment, Partial Amendments to the Articles of Incorporation,
Reduction of Share Capital and Capital Reserve, and Refinancing of Current Borrowings by Syndicated Loans” and“MITSUBA Corporation Supplementary Information on Capital Policy” attached at the end of the above Notice as
supplementary information related to such Notice, which were announced on May 10, 2024. The corrected parts areunderlined or circled in red.
1. “Notice on Acquisition and Retirement of Existing Class Shares, Issuance of Class Shares Through Third-Party Allotment,
Partial Amendments to the Articles of Incorporation, Reduction of Share Capital and Capital Reserve, and Refinancing ofCurrent Borrowings by Syndicated Loans”
II. Capital Increase Through Third-Party Allotment
10. Performance and equity financing in the last three years(2) Current number of issued shares and current number of dilutive shares (as of March 31, 2024)[Before Correction]
Number of shares

Ratio to the number ofissued shares

Number of issued shares

Common shares: 44,755,768 sharesClass-A shares: 10,000 sharesClass-C shares: 5,000(Note) 1100%(Note) 2 (Note) 2 -Current number of dilutive shares at thecurrent conversion price (exercise price)

Class-A shares: 25,621,317 sharesClass-C shares: 12,810,658 shares

57.2%
28.6%

(Number of dilutive shares at the lowest
conversion price (exercise price)--

Number of dilutive shares at the highest
conversion price (exercise price)--(Note) 1. As described in “I. Acquisition and Retirement of Existing Class Shares” above, the Company plans to acquire and retire
all Class-A and Class-C shares at the same time as the third-party allotment on June 28, 2024.
2. As neither Class-A shares nor Class-C shares have voting rights, their ratios to the number of issued shares is not stated.

[After Correction]
Number of shares

1

Ratio to the number ofissued shares

Number of issued shares

Common shares: 44,755,768 sharesClass-A shares: 10,000 sharesClass-C shares: 5,000(Note) 1

Current number of dilutive shares at thecurrent conversion price (exercise price)

Class-A shares: 25,621,316 sharesClass-C shares: 12,810,658 shares

57.2%28.6%(Number of dilutive shares at the lowest
conversion price (exercise price)--

Number of dilutive shares at the highest
conversion price (exercise price)--100%(Note) 2 (Note) 2 -(Note) 1. As described in “I. Acquisition and Retirement of Existing Class Shares” above, the Company plans to acquire and retire
all Class-A and Class-C shares at the same time as the third-party allotment on June 28, 2024.
2. As neither Class-A shares nor Class-C shares have voting rights, their ratios to the number of issued shares is not stated.

IV. Reduction in Share Capital
11. Procedures for the reduction in share capital(1)

Amount of share capital reduction[Before Correction]
5 billion yen(Breakdown)

An amount equivalent to an “amount of share capital increase” resulting from the issuance ofClass-D shares: 5 billion yen
Share capital will be increased by 50 billion yen at the same time as the payment for Class-D
shares is done, so share capital after the effective date will not be reduced from share capitalprior to it.

[After Correction]
5 billion yen(Breakdown)

12.

An amount equivalent to an “amount of share capital increase” resulting from the issuance ofClass-D shares: 5 billion yen
Share capital will be increased by 5 billion yen at the same time as the payment for Class-D
shares is done, so share capital after the effective date will not be reduced from share capitalprior to it.

Schedule for reduction in share capital[Before Correction](1) Date of resolution by the Board of Directors

Friday, May 10, 2024

(2)

Date of public notice of objection to creditors

Wednesday, May 22, 2024

(3)

Final date of public notice of objection to creditors (planned)

Friday, June 21, 2024

(4)

Effective date (planned)

Friday, June 28, 2024

[After Correction](1) Date of resolution by the Board of Directors

Friday, May 10, 2024

(2)

Date of public notice of objection to creditors

Wednesday, May 22, 2024

(3)

Final date of public notice of objection to creditors (planned)

Monday, June 24, 2024

(4)

Effective date (planned)

Friday, June 28, 2024

2. “MITSUBA Corporation Supplementary Information on Capital Policy”
Page 12 Reference) Business Portfolio Strategy (2/2)

2[Before Correction][After Correction]3