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.

April 18, 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)
Atsushi Inoue,
Corporate Officer,
Corporate Management Headquarters Vice Director(Telephone: +81-73-482-4128)

Notice of Compliance with Prime Market Listing Maintenance Standards
We hereby announce that we have prepared the following information on the progress of our plan for Compliancewith Prime Market Listing Maintenance Standards as of January 20, 2023.
Notice1. Compliance with the Company's Listing Maintenance Standards and Plan Period
The status of our company's compliance with the criteria for maintaining listing on the prime market as ofJanuary 20, 2023, including its transition, is as follows. As shown in the table below, the Company will continue
to make various efforts to meet the criteria for "Tradable shares market capitalization" by the fiscal year ending
January 20, 2026.

Takasho’scompliancestatus andtransition

Number ofNumber ofshareholders

tradable shares

10,422As of June 30, 2021*1(transition record date)persons

As of December 31, 2022 *2-

Tradable
Share
Ratio

7.9
101,904 units-

Daily
Average
Trading
Value
0.096

69.4%
billion yen

14,773-billion yen-

0.084
billion yen

74.5%

-

9.1
131,178 units

As of January 20, 2023*3

persons
Prime market listing

Tradable sharemarket
capitalization

billion yen

8001020,000 units

maintenance criteria

persons

Compliance status

CompliedComplied--

0.02035%

billion yen

Planning period as stated

Incompatible

billion yen
CompliedComplied--

January 20,in the original plan

2026

1

*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 as of the transition record date (June 30, 2021).
*2 Daily Average trading value as of December 31, 2022 is based on the notice of 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 Tokyo
Stock Exchange as of the record date (January 20, 2023).

2. Status of implementation and evaluation of efforts to comply with Prime listing maintenance standards
Takasho has been making efforts to comply with the Prime market listing maintenance standards in the "Plan forCompliance with the Prime Market Listing Maintenance Standards in the New Market Segments" announced onNovember 15, 2021. As of January 20, 2023, Tradable share market capitalization did not meet the criteria, we will
promote medium- to long-term management strategies to comply with Tradable shares market capitalization, as well as
to strengthen IR activities and increase shareholder returns in order to comply with the Prime market listing
maintenance standards. The progress of various initiatives is as follows① Medium- to -Long term Management Strategy Initiatives
Takasho has established a medium- to long term management plan through the fiscal year ending January 20,
2050, aiming to achieve consolidated net sales of 100 billion yen and consolidated ordinary income of 10 billion
yen by the fiscal year ending January 20, 2050. The medium-term management plan through the fiscal year
ending January 20, 2026 is as follows.

Consolidated
Net sales
Consolidated
Operating income
Consolidated
Ordinary income
Consolidated
Net income※※

Year ending

Year ending

Year ending

Year ending

January 20, 2023

January 20, 2024

January 20, 2025

January 20, 2026

track record

plan

plan

plan

20,351

22,70025,70028,370

880

1,016

1,720

2,090

982

1,048

1,780

2,140518

651

1,090

1,300

Performance figures in million yen
Takasho has partially revised the mid- to-long term plan described in the "Plan for Compliance with the Prime Market Listing MaintenanceStandards in the New Market Segments" which was announced on November 15, 2021.

In the future, the prospects of Japanese economy continue to be highly uncertain and are unpredictable dueto the volatile global factors, soaring raw material and energy prices, and rising prices of commodities. On theother hand, we expect that the demand for garden exteriors continue to increase as people spend more time athome due to the expansion of new lifestyles caused by COVID-19. Under these circumstances, our group will
promote product development in the LINKED CITY concept (a tourism-oriented smart city concept thatimproves urban creativity with tourism as a starting point), as well as initiatives to revitalize local economies
and achieve sustainability. In addition, we will accelerate our commitment to our corporate philosophy andactively promote ESG and SDGs by transforming society toward low-carbon and resource-conscious products.
Since ESG is integrated into our business itself, we believe that the promotion of our group's products will
directly lead to the resolution or mitigation of environmental and social issues.

2The medium-term plan for consolidated sales by business segment through the fiscal year ending January
20, 2026 is as follows.
Year ending

Year ending

Year ending

Year ending

January 20, 2023

January 20, 2024

January 20, 2025

January 20, 2026

track record

plan

plan

plan

Pro-Use Business

13,193

13,78015,038

16,783Home-Use Business

5,587

6,420

7,078

7,682

Overseas Business

1,545

2,390

3,370

3,549

Other26110

214356※Performance figures in million yen

In the professional-use business, we will further promote the hybridization of real and Internet, promote
DX-type sales promotions such as AR and MR, enhance brand value and sales activities, and strengthen oursales and proposal capabilities to landscapers to expand sales channels.
In the home-use business, we will further strengthen sales in the growing e-commerce field, promote
development of new products through in-house factory production, and promote sales of common globalproducts.
In the overseas business, we will promote new transactions with major home centers in the U.S. andstrengthen sales in Europe (France, Italy, etc.), where we have not been able to expand our business. Inaddition, we will promote the introduction of new items for sale and the development of new products withthe aim of expanding sales through e-commerce, centering on marketplaces with business partners, including
our own website "VEGTRUG.COM," and strengthen sales by proposing a product lineup that customers canenjoy the entire garden. In addition, with regard to sales of professional-use products in the overseas business,
we will promote sales expansion to the U.S. and other markets by applying successful examples in theAustralian market. Furthermore, we will not only approach existing industries, but also promote thedevelopment of sales channels to untapped industries and fields.
On the management side, we will strive to reduce costs and establish a competitive advantage by promoting
the systemization of operations and the operation of AI and RPA, as well as the web order system in order toimprove operational efficiency and enhance productivity.
Based on these initiatives, we aim to achieve our medium- to long-term management plan.
② Strengthen Investor Relations(“IR”) activities
The following are the main IR activities made with the aim of increasing Takasho's market recognition
after the announcement of the "Plan for Compliance with the Prime Market Listing Maintenance Standards in the
New Market Segments" (from December 2021 to March 2023).
-Web briefings and investor meetings attended by representatives (held 20 times)-

Video distribution by representatives (5 times)-

Investor meetings attended by IR managers (43 times)-Disclosure in English (Financial Statements, Financial results briefing materials, Timely disclosurematerials)
In addition, we are conducting TV commercials in 14 prefectures in 6 regions in Japan to increase market

awareness of our company and our brand value, and at the same time, we are conducting DX-type sales
3promotion of garden and exterior products, linking our web platform site “Channel Takasho”.
We will continue to engage in active investor relations activities to raise market awareness.
③ Expansion of Shareholder Returns
For further clarification of our stance of providing stable and substantial returns to shareholders, we havedecided to set the dividend amount at a minimum of 5 yen per share per year, with a target payout ratio ofaround 40% at a board meeting held on March 3, 2023.
Furthermore, in order to enhance shareholder returns, improve capital efficiency, and implement a flexible
capital policy in response to changes in the business environment, Takasho has resolved to conduct to purchasetreasury stock as described below.
(1) Type of shares of acquisition: Common stock of the Company(2) Total number of shares of acquisition: 700,000 shares (maximum)(Ratio to total number of shares outstanding (excluding treasury stock): 4.0%)(3) Total amount of shares of acquisition: 500 million yen (maximum)(4) Period of acquisition: March 6, 2023 - June 9, 2023
(5) Method of acquisition: Purchase on the Tokyo Stock Exchange

Regarding shareholder returns, we will continue our efforts to provide a stable return to shareholders,
including dividend increase and other means.
End of document4