April 23, 2024
Company Name: Toshiba Tec Corporation
Representative:

Hironobu Nishikori
Representative DirectorPresident and Chief Executive Officer(Securities Code: 6588, Tokyo Stock Exchange Prime Market)
Contact:Akira Abe
General Manager of Corporate Communications Division(TEL: +81-3-6830-9151)(Progress and changes in disclosure matters) Notice Regarding the Conclusion of theAbsorption-Type Company Split Agreement with RISO Technologies Corporation
Toshiba Tec Corporation (the “Company”) issued an announcement called the “Notice of Transferof Inkjet Head Business to RISO KAGAKU CORPORATION via Company Split (SimplifiedAbsorption-Type Company Split)” dated December 22, 2023, which was partially updated in the“(Progress of disclosure matters) Notice of Transfer of Inkjet Head Business to RISO KAGAKUCORPORATION via Company Split (Simplified Absorption-Type Company Split)” dated January 30,2024 (“Previous Timely Disclosure”). The announcement said that the Company concluded anagreement with RISO KAGAKU CORPORATION (“RISO KAGAKU”) to transfer the inkjet headbusiness of the Company and Tec Precision Co., Ltd. (“TPI”), a wholly-owned subsidiary of theCompany, from the Company and TPI to RISO Technologies Corporation (the “SucceedingCompany”), which was established by RISO KAGAKU as its wholly-owned subsidiary on April 1,2024, through the method of a company split (a simplified absorption-type company split for theCompany) (collectively, the “Absorption-Type Company Split”).
In order to implement the Absorption-Type Company Split, the Company resolved, at its Board ofDirectors meeting held today, to conclude an absorption-type company split agreement between theCompany and the Succeeding Company, and concluded the absorption-type company split agreement
effective the date of this notice. Meanwhile, TPI’s General Meeting of Shareholders also resolved
today to conclude an absorption-type company split agreement between TPI and the Succeeding
Company, and concluded the absorption-type company split agreement effective the date of this notice.
As a result, the Company hereby announces that the items that were left undecided in the Previous
Timely Disclosure have been confirmed and that changes have been made to some items as described
below.
The section numbers in this document are aligned with those in the Previous Timely Disclosure,and each term used but not defined otherwise herein shall have the meaning provided in the Previous
Timely Disclosure. In the following, the items newly confirmed that were left undecided in the1Previous Timely Disclosure and the items to which changes have been made are underlined, and theitems with no changes are omitted.

I. Items newly confirmed that were left undecided in the Previous Timely Disclosure
2. Summary of the Absorption-Type Company Split(1) Schedule of the Absorption-Type Company Split
The Company

TPI

December 22, 2023

December 22, 2023

December 22, 2023

December 22, 2023

April 23, 2024

April 23, 2024

Date of resolution of the Board ofDirectors concerning the conclusion of theDefinitive Agreement
Date of conclusion of the Definitive
Agreement
Date of resolution of the Board of
Directors concerning the conclusion of theAbsorption-Type Company Split
Agreement
Date of resolution of the General Meetingof Shareholders concerning the conclusion-of the Absorption-Type Company Split

April 23, 2024

Agreement
Date of conclusion of the Absorption-TypeCompany Split Agreement
Date of establishment of the Succeeding
Company
Effective date of the Absorption-TypeCompany Split

April 23, 2024

April 23, 2024

April 1, 2024

April 1, 2024

July 1, 2024 (planned)

July 1, 2024 (planned)(Omitted)
II. Items with changes since the Previous Timely Disclosure
As a result of discussions held between the Company and RISO KAGAKU after the Previous
Timely Disclosure, the Company and RISO KAGAKU reached an agreement to change the scope ofrights and obligations to be succeeded from the Company and TPI to the Succeeding Company, andin conjunction with such change, to change the amount of consideration that the Company and TPI
will receive from the Succeeding Company. As described above, the Company and TPI have concluded
an absorption-type company split agreement that reflects these changes with the Succeeding Company
effective the date of this notice, respectively. Therefore, some items in the Previous Timely Disclosure,will be changed as follows.

22.

Summary of the Absorption-Type Company Split(3) Details of allotment pertaining to the Absorption-Type Company Split(Before changes)
The Company and TPI will receive a total amount of JPY 7,120 million in cash from theSucceeding Company as consideration for the rights and obligations to be transferred in theAbsorption-Type Company Split.
The amounts to be received in cash by the Company and TPI, respectively, will be promptly
disclosed after such amounts are determined in the Absorption-Type Company Split Agreement.
(After changes)
The Company and TPI will receive a total amount of JPY 6,436 million in cash from theSucceeding Company as consideration for the rights and obligations to be transferred in theAbsorption-Type Company Split.
The amounts to be received in cash by the Company and TPI will be JPY 6,114 million andJPY 322 million, respectively.
5.

Details of the Business to be Split(3) Asset and liability accounts to be split and the book values thereof (as of June 30, 2023)(Before changes)
CompanyAssets

Liabilities

Current Assets

JPY 2,261 million

Current Liabilities

JPY 1,488 million

Non-current Assets

JPY 859 million

Non-current

JPY 507 million

Liabilities
Total

JPY 3,121 million

Total

JPY 1,995 million

TPIAssets

Liabilities

Current Assets

JPY 786 million

Current Liabilities

Non-current Assets

JPY 101 million

Non-current

JPY 581 million-Liabilities
Total

JPY 887 million

Total

JPY 581 million(Omitted)(After changes)
CompanyAssets

Liabilities

Current Assets

JPY 252 million

Current Liabilities

Non-current Assets

JPY 895 million

Non-current
Liabilities

3

JPY 507 million

TotalJPY 1,147 million

Total

JPY 507 million

TPIAssets

Liabilities

Current Assets

JPY 39 million

Current Liabilities-Non-current Assets

JPY 101 million

Non-current-Liabilities
Total

JPY 140 million(Omitted)4

Total-