October 25, 2023
To whom it may concern
Company name:ORGANO CORPORATION

Representative name: Masayuki Yamada
Representative Director and President(Securities Code: 6368, Stock Exchange: TSE PrimeMarket)
Inquiries:

Shojiro Koike

General Manager of Corporate Strategy and Planning
Dept., Corporate Management and Planning(TEL: +81-3-5635-5111)

Notice Regarding an Absorption-Type Merger (Simplified Merger and Short-Form Merger) of a
Consolidated Subsidiary
ORGANO CORPORATION (the “Company”) hereby announces that, at its Board of Directors meeting heldon October 25, 2023, the Company has resolved to conduct an absorption-type merger (the “Merger”) with
the Company’s consolidated subsidiary ORGANO ECO TECH CORPORATION.
As the Merger is a simplified merger and short-form merger with a wholly owned subsidiary, some disclosure
items and their content have been omitted.
1. Purpose of the Merger
To strengthen the engineering structure as set forth in the Medium-Term Management Plan, concentrate
management resources and build an efficient delivery system, the Company decided to conduct theabsorption-type merger with the consolidated subsidiary.
2. Overview of the Merger(1) Schedule of the Merger
Date of Board of Directors resolution
approving the merger agreement
Date of conclusion of the merger
agreement
Date of merger (effective date)

October 25, 2023
October 25, 2023
April 1, 2024 (scheduled)

Note: For the Company, the Merger is a simplified merger pursuant to the provisions of Article 796, paragraph(2) of the Companies Act. For ORGANO ECO TECH CORPORATION, the Merger is a short-form
merger pursuant to the provision of Article 784, paragraph (1) of the Companies Act. Therefore, neither
company will hold a general meeting of shareholders concerning the approval of the merger agreement.

－1－(2) Method of the Merger
In the absorption-type merger, the Company will be the surviving company and ORGANO ECO TECHCORPORATION will be dissolved.
(3) Details of allotments concerning the Merger
As the Merger is an absorption-type merger with a wholly owned subsidiary, it will not involve allotmentsof shares, money, etc.
(4) Handling of share acquisition rights and bonds with share acquisition rights associated with the Merger
There are no matters to report.

－2－

3. Overview of companies involved in the Merger (as of March 31, 2023)
Surviving company in theDisappearing company in theabsorption-type merger

absorption-type merger
ORGANO ECO TECH

(1)

Name

ORGANO CORPORATION(2)

Location

1-2-8, Shinsuna, Koto-ku, Tokyo

1-2-8, Shinsuna, Koto-ku, Tokyo

Masayuki Yamada,Kazuhisa Fukuda, Representative

Representative Director andDirector and President

(3)

(4)

Name and title ofrepresentative

Business description

CORPORATION

President
Manufacture, sale andManufacture, sale andmaintenance of water treatment

maintenance of water treatment

facilities and systems, and sale offacilities and systems, and sale ofwater treatment chemicals andwater treatment chemicals

food processing materials(5)

Share capital¥8,225 million¥50 million(6)

Date of establishment

May 1, 1946

October 1, 2009

46,359,700 shares

200 shares

March 31

March 31

(7)
(8)
(9)
(10)

Number of issued
sharesFiscal year-end
Major shareholder andholding ratio

Tosoh Corporation, 43.96%

ORGANO CORPORATION,
100%

Financial position and operating results for the most recent fiscal year
Fiscal year ended March 31, 2023Fiscal year ended March 31, 2023

(consolidated)(non-consolidated)

Net assets¥86,371 million¥1,195 million

Total assets¥164,854 million¥4,389 million

Net assets per share¥1,877.80¥5,978,189.33

Net sales¥132,426 million¥6,689 million

Operating profit¥15,212 million¥1,140 million

Ordinary profit¥16,020 million¥1,141 million¥11,730 million¥745 million¥255.77¥3,728,583.88

Fiscal year-end

Profit attributable to ownersof parent
Basic earnings per share

4. Situation after the Merger
After the Merger, there will be no changes to the Company’s name, location, name and title ofrepresentative, business description, share capital and fiscal year-end.

－3－5. Future outlook
As the Merger is a merger with a wholly owned consolidated subsidiary, it will have a negligible impact
on consolidated operating results.

－4－