Note: This document has been translated from a part of the Japanese original for reference purposes only. In theevent of any discrepancy between this translated document and the Japanese original, the original shall prevail.

July 14, 2023

To whom it may concern
Company name:Name ofrepresentative:(Code No.
Inquiries:

Takasho Co., Ltd.
Nobuo Takaoka
Representative Director and President
7590, Prime market of the Tokyo Stock Exchange)
Hiroshi Sohgawa,Senior Managing Executive Officer,
Corporate Management Headquarters Director(Telephone: +81-73-486-2540)

Progress based on the plan for compliance with Prime Market Listing Maintenance Standards,
Application to the Standard Market of the Tokyo Stock Exchange and the Compliance Status
On November 15, 2021, we submitted and disclosed its "Plan for Compliance with the Listing Maintenance Criteria for
the New Market Classification" and on April 18, 2023, its “Compliance with Prime Market Listing Maintenance Standards".
At the moment, as there are no additional items (changes) to be noted regarding the progress submitted on April 18, 2023,
this information has been omitted.

In addition, based on the rule revisions of Tokyo Stock Exchange enforced on April 1, 2023 and the recent
compliance with the Prime Market's listing maintenance standards, the board members reviewed its plans for ourcompliance in the future. As a result, at a meeting of the Board of Directors held today, we resolved to apply forselection to the Standard Market, and we hereby announce that we have applied.
The reasons for selecting the Standard Market and the status of compliance with the criteria for maintaining listingon the Standard Market is as follows.
Notice1. The transition and planning period of compliance with Prime Market listing maintenance standards
Takasho's compliance with the Prime Market listing maintenance standards is as follows, and as of January 20, 2023,
we did not meet the criteria for "market capitalization of tradable shares".

Takasho’s
compliancestatus andtransition

Number of

Number ofshareholders

tradable shares

Tradable sharemarketcapitalization

10,422

101,904

7.9

As of June 30, 2021*1(transition record date)personsunitsbillion yen

As of December 31, 2022 *2---

14,773

131,178

9.1

personsunitsbillion yen

Tradable
Share
Ratio

Daily
Average
Trading
Value
0.096

69.4%

As of January 20, 2023*3

1billion yen-0.084billion yen

74.5%

-

Prime Market listing800

20,000100.020
35%

maintenance criteria

personsunits

billion yen

Compliance status

CompliedComplied

Incompatible--

Planning period as statedbillion yen
CompliedComplied--

January 20,

in the original plan2026

*1 Takasho's compliance status as of June 30, 2021 is based on the distribution of Takasho's shares, etc. as known by
The Tokyo Stock Exchange (TSE) as of the transition record date (June 30, 2021).
*2 Daily Average trading value as of December 31, 2022 is based on the notice from the Tokyo Stock Exchange's confirmation ofcompliance with the Prime listing maintenance standards (trading value standards) for the period from January to December 2022.
*3 Takasho's compliance status as of January 20, 2023 is based on the distribution of Takasho's shares, etc. as known by the TSE asof the record date (January 20, 2023).

2. Implementation status and evaluation of efforts to comply with Prime Market listing maintenance standards
Takasho’s market capitalization of tradable shares does not meet the Prime Market listing maintenance standards.
Therefore, we have been promoting various measures for improving our share price, such as enhancing IR activities
and enhancing shareholder returns, while striving for Medium- to Long-term Management Strategy Initiatives tomeet the criteria for market capitalization of tradable shares. However, our current stock price has not reachedapproximately 800 yen, which is the stock price required to meet the criteria for Prime Market listing maintenance.
3. The reasons for Standard Market selection
With respect to the "market capitalization of tradable shares" which does not meet the criteria at this time, there isa risk of delisting if we do not meet the relevant criteria during the transitional measures period. In addition, even if
we meet the criteria during the transitional measures period, there is a risk of not achieving the criteria for maintaining
listing in the future if we cannot keep the stable and continuous sufficiency. Hence, we determined that it is importantto create an environment in which our shareholders can hold and trade our shares without anxiety.
We have decided to select the Standard Market because we believe that allocating management resources to theexecution of our plan from a medium- to long-term perspective, rather than only from a short-term perspective tofulfill the criteria for maintaining listing on the Prime Market, will contribute to our growth and increase our corporate
value.
4. Compliance with listing maintenance standards for the Standard Market
The status of our company's compliance with the criteria for maintaining listing on the Standard Market as ofJanuary 20, 2023 is as follows and it complies with all listing maintenance standards.
If a company complies with all of the criteria as of the judgment reference date for each item of the listing
maintenance criteria, it will no longer be necessary to disclose the "plan for complying with the listing maintenancecriteria of the Standard Market", and we will not disclose the progress of the plan for compliance.
Number ofshares

Tradable sharemarketcapitalization

131,178

9.1

Number of
tradableshareholders
Takasho’s compliance status

14,773

Tradable
Share Ratio

Monthly
Average
Trading
Value

Net
Assets19,171

13.38

units

billion yen

10

Positive

units

Number

74.5%
As of January 20, 2023*4

personsunitsbillion yen

Standard Market listing

400

2,000

1.025%

maintenance criteria

personsunitsbillion yen

2*4 The compliance status of the number of shareholders, number of tradable shares, tradable share market capitalization, and ratio oftradable shares is based on the "Compliance with Listing Maintenance Standards (Distribution Standards)" notified by the TSE.
The monthly average trading value is calculated as the monthly average of the trading value in the trading session of the TSE during
the six-month period from January 2023 to June 2023.

Even after shifting to the Standard Market, we will grow our business by promoting hybrid-style proposals thatutilize content both online and real, because the market size of our garden and exterior business is very large,
including not only general housing but also various facilities in the non-residential sector and the global market.
And we will strive to reclassify the market to the Prime Market again in the future by promoting medium- to longterm corporate strategies, proactively conducting investor relations activities, and strengthening communication
with investors in order to obtain an appropriate evaluation in the stock market.

5. Expected date of transition to the Standard Market
The transition to the Standard Market will be carried out on October 20, 2023. After this date, trading of ourcompany's shares will be shifted to the Standard Market and will continue on that market.

End of document3