November 10,2022
Company Name
Takamatsu Construction Group Co., Ltd.
Representative Name Representative Director and President
Hirotaka Takamatsu（Securities Code 1762 Prime of the Tokyo Stock Exchange）
Contact
Officer, Takuya Oda（TEL +81－3－3455－8108）
Notice of Merger between Consolidated sub-subsidiaries（Effective date: April 1, 2023）
Takamatsu Construction Group Co., Ltd. hereby announce that our consolidated sub-subsidiaries,
Takamatsu Techno Service Osaka Co., Ltd. (head office: Yodogawa-ku Osaka, President and Representative
Director: Kenichi Kurihara, referred to as “Takamatsu Techno Service Osaka”) and Takamatsu Techno
Service Tokyo Co., Ltd. (head office: Chiyoda-ku Tokyo, President and Representative Director: Kohei Matsui,referred to as “Takamatsu Techno Service Tokyo”), have entered into a merger agreement effective November
9, 2022, and have decided to merge.
Takamatsu Techno Service Osaka and Takamatsu Techno Service Tokyo are wholly owned subsidiaries ofTakamatsu Corporation（head office: Yodogawa-ku Osaka, President and Representative Director: TakatoshiTakamatsu）, which is a consolidated subsidiary of the Company, and are therefore consolidated subsubsidiaries.

Notes
１． Main Purpose of the Merger
The merger aims to integrate the business strategies and optimize the management resources ofTakamatsu Techno Service Osaka and Takamatsu Techno Service Tokyo. Specifically, the merger has
the following three objectives(1) Strengthen sales force: To improve business performance by developing effective sales measures inboth Tokyo and Osaka.
(2) Promotion of human resource exchange and education: By integrating personnel systems, businessprocesses, and IT systems, we can activate personnel transfers and personnel exchanges, andimprove the quality of human resources training, thereby realizing more appropriate personnel
allocation for future growth areas.
(3) Improved efficiency in administrative and operations departments: To improve operational
efficiency and specialization by consolidating overlapping functions
２． Summary of the Merger(1) Merger Schedule
Date of resolution by the Board of Directors (the Company)：November 9 , 2022
Merger agreement execution date：November 9, 2022
Extraordinary shareholders' meeting to approve the merger agreement (the merging companies)：
November 24, 2022（schedule）
Effective date of merger：April 1, 2023（schedule）(2) Method of merger
An absorption-type merger in which Takamatsu Techno Service Osaka is the surviving company

and Takamatsu Techno Service Tokyo is the consolidated company.
(3) Merger consideration
There will be no issuance of shares or allotment of money, etc.
(4) Treatment of stock acquisition rights and bonds with stock acquisition rights in connection with themerger
Not applicable.
３． Summary of companies involved in the merger
Surviving Company(1) NameTakamatsu Techno Service (Osaka)(2) Location
1-1-20 Shin-kitano,
Yodogawa-ku, Osaka(3) Name and position ofKenichi Kurihara,
representative
Representative Director & President(4) Description of business ・Construction Work・Repair and maintenance work
・Real Estate Brokerage(5) Capital
300 million yen(6) Date of Establishment March 2, 1993
(7) Number of
6,000 shares
Issued Shares(8) Fiscal year-end
MarchConsolidated Company
Takamatsu Techno Service (Tokyo)
1-1 Kanda Mitoshiro-cho,
Chiyoda-ku, Tokyo
Kohei Matsui,
Representative Director & President
・Construction Work・Repair and maintenance work
300 million yen
April 1, 1997
6,000 shares
March(9) Shareholders
Takamatsu Corporation ownsTakamatsu Corporation owns
and Stockholding ratio 100% of the shares
100% of the shares(10) Status of the immediately preceding fiscal year (FY ended March 2022)
Total assets

3,608 million yen

1,664 million yen

Net assets

2,623 million yen

784 million yen

Net sales

4,094 million yen

3,124 million yen

Operating profit

80 million yen

132 million yen

Number of Employees

183

124

４． Post-Merger Outlook
This merger is between consolidated sub-subsidiaries of the Company, the impact of the merger on theCompany's consolidated financial results is not material.