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

August 8, 2024
To whom it may concern,

Company name:Name of representative:
Inquiries:

Takashima & Co., Ltd.
Koichi Takashima, President andRepresentative Director(Securities code: 8007; Prime Market)
Takahisa Tokumoto, General Manager ofStrategic Planning & Management
Department(Telephone: +81-3-5217-7248)

Notice Concerning the Conclusion of a Joint Venture Agreement to Establish a Joint Venture

We hereby announce that our Board of Directors has resolved at a meeting on August 8, 2024, to contract a jointventure agreement with DG Power System Co., Ltd. (hereafter DG Power System), a business company under theDG Capital Group Co., Ltd. (hereafter DG Capital Group) for the establishment of a joint venture company topromote digital grid technology, as described below. The joint venture will become an equity-method affiliate of theCompany.
1.Reason for Establishment
With "contributing to society through our business" as our corporate mission, we are developing our construction
supply, industrial materials, and electronics and devices businesses. The construction supply business handles avariety of construction and construction-related commercial products for the residential and nonresidential markets,
including wall materials, foundation piling methods, insulation materials, solar panel-related materials, and interior
furnishings. We have established a nationwide sales network and undertake a wide range of processes from planningand design to construction.
In the renewable energy field, among others, we have been handling renewable energy-related commercial
products since 1994, and we are one of the best in the industry. In addition to solar power generation systems, wealso provide our customers with new energy products such as "V2H" and "storage batteries" in order to further
promote renewable energy.
Currently, in the renewable energy field, we have a capital alliance with DG Capital Group in April 2023, whichaims to promote advanced renewable energy with digital grid technology that enables "internetization of electricity".
Through this alliance, we are working together comprehensively to promote digital grid technology. In order tofurther accelerate the spread of digital grid technology, we have concluded a joint venture agreement with DG
Power Systems to establish a joint venture company to manufacture digital grid equipment and supply equipment.
DG Power Systems is an operating company under the DG Capital Group that develops and manufactures digitalgrid routers.
Under the joint venture agreement, the two companies intend to leverage their strengths in the new joint venturecompany to be established. We intend to expand our business performance by manufacturing digital grid routers,
which are inverters with grid-forming functions that are expected to be in increasing demand as digital gridtechnology becomes more widely used.

2. Overview of the Joint Venture Company(1)Company nameDG Takashima Co.,Ltd.
AE2-7-2 Distribution Bldg. A, Tokyo Ryutsu Center, 6-1-1(2)
Location
Heiwajima, Ota-ku, Tokyo,143-0006
Name ofPresident and Representative Director, Masaru Shinkai.
(3)
representatives
Vice president and Representative Director, Takayuki Minami.
(4)
Business activity
Manufacturing and sales of DGR (Digital Grid Router), etc.
(5)
Capital stock
10 million yen.
(6)
Date of establishment August 31, 2024 (Plan)(7)
Fiscal year end
September 30(8)Investment ratio
DG Power Systems 51%, Takashima Co., Ltd. 49%*"Net Assets" and "Total Assets" of the joint venture are not disclosed due to the fact that the other company's
consent cannot be obtained.
3. Overview of joint venture partner(1)
Company name
DG Power System Co., Ltd.
AE2-7-2 Distribution Bldg. A, Tokyo Ryutsu Center, 6-1-1(2)
Location
Heiwajima, Ota-ku, Tokyo,143-0006
Name of(3)President and representative director, Rikiya Abe.
representatives
Research and development of equipment and devices related to digital(4)
Business activity
grid systems; research and development, production, operation, andsales of software(5)
Capital stock
500,000 yen(6)
Date of establishment October 9, 2020.
Major shareholders and shareholding ratio", "Relationship between the listed company and the company", and "Financial
position and operating results for the past three years" of the company are not disclosed due to the fact that the consent of thecompany concerned cannot be obtained.

4. Schedule(1)
Date of boardresolution(2)
Date of contract(3)
Date of business
start

August 8, 2024
August 8, 2024
September 1, 2024 (Plan)

5. Future outlook
The impact of the company to be established under the joint venture agreement on the Group's consolidated results
for the fiscal year ending March 31, 2025, is expected to be negligible. If it becomes clear that there will be asignificant impact on our business performance in the future, we will promptly announce it.
End.