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.

Company Name:
Name ofRepresentative:
Contact
Information:

August 29, 2023
Restar Holdings Corporation(Code: 3156 Tokyo Stock Exchange PrimeMarket)
Tomoharu Asaka,
Representative Director CFO
Susumu Nishima,
Corporate Executive Officer in charge ofPublic Relations and Investor Relations(Tel.: +81-3-3458-4618)

Notice Concerning Absorption-type Merger (Short-form Merger/Simplified Merger) of Consolidated Subsidiaries
The Company hereby announces that at a meeting of the Board of Directors held today, it resolved to carry out
an absorption-type merger with Restar Electronics Corporation, Restar Communications Corporation, and Vitec
Enesta Co., Ltd., in which the Company will be the surviving company (“the Merger”) as disclosed in “NoticeConcerning Decision on Basic Policy for Transition from a Pure Holding Company to an Operating Company
through a Merger with the Company’s Consolidated Subsidiaries” dated May 26, 2023. The Merger is scheduled
to take effect on April 1, 2024.
As the Merger is a simplified absorption-type merger involving consolidated subsidiaries, certain disclosuresand details have been omitted.
Details1.

Purpose of the Merger
Since the management integration in April 2019, the Restar Group has pursued business based on the spinoff structure in which the Company is a pure holding company under the vision of “We aim to be the“Electronics Value Platformer” that accommodates all manner of stakeholder needs” with a Group-wide
mission that is “We help society evolve by leveraging information and technology to create and deliver newvalue and services.” The post-management integration merger of businesses has proceeded smoothly, and there
has also been progress in business expansion, including the implementation and realization of Group synergies,
a key strategy, in various areas. At the same time, redundant organizational functions and a shortage of humanresources have become conspicuous.
Through the Merger, the Group will optimize the allocation of management resources, including humanresources and organizations, transform its earnings structure, speed up decision-making, manage businesses
flexibly, and expand businesses through M&A, with the aim of increasing the Group's corporate value overthe medium to long term.

2.

Summary of the Merger and Overview of the Companies Involved in the Merger
The outline is as disclosed in “Notice Concerning Decision on Basic Policy for Transition from a Pure
Holding Company to an Operating Company through a Merger with the Company’s Consolidated Subsidiaries”
dated May 26, 2023.

3. Overview of the Company After the Merger (scheduled for April 1, 2024)(1) Trade nameRestar Corporation(2) Head office address
Restar Building, 2-10-9 Konan, Minato-ku, Tokyo(3) Title and name ofKunihiro Konno, Representative Director Chairman and President CEO
representative(4) Main business details
1) Decision of group management strategies, creation of synergies between
groups, business management and business support for group companies

1Sales of semiconductors, electronic components, and related products inJapan and overseas; system proposals; provision of high-value-addedsolutions and technical support; design and manufacturing; LSI design
development and support; and reliability test service
3) Proposal, design, construction, maintenance and measurement ofsolutions for broadcasting, business, education, medical care/lifesciences, public facilities, factory automation/ security, electronic
measuring instruments, video, audio, communications and measurement
4) Community coexistence-based operation and management services forthe introduction and popularization of renewable energy from our own
solar power stations (in Japan and overseas) and wind power stations, etc.
4,383 million yen
March2)(5) Capital(6) Fiscal year-end
4.

Future Outlook
Since the Merger is a merger with the Company’s wholly-owned consolidated subsidiaries, the impact on
the Company’s consolidated financial results will be immaterial.

2