August 29, 2024
ART MOVING COMPANY Co., Ltd.
Yamato Holdings Co., Ltd.

ART GROUP Makes Yamato Home Convenience a Wholly
Owned SubsidiaryART MOVING COMPANY Co., Ltd. (Head Office: Osaka-shi, Osaka; President: Masato Terada;
hereinafter "Art") and Yamato Holdings Corporation (Head Office: Chuo-ku, Tokyo; Representative
Director and President: Yutaka Nagao; hereinafter "Yamato Holdings") have agreed that effective
January 1, 2025, Art will acquire 49% of the remaining outstanding common shares of Yamato
Home Convenience Co., Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director and President:
Hideki Terada; hereinafter "YHC"), which are held by Yamato Holdings. This will make YHC awholly owned subsidiary of ART GROUP.
1. Background and Objectives
As a leading company in the moving industry, Art has earned a high reputation from customers byproviding a variety of services making customers' wishes a reality and by treating moving as a service
business. In recent years, Art has been expanding its business domain, seeking to go beyond theworld of moving and propose better ways of living.
YHC is engaged in two core services, the transportation of large furniture and major appliances, andsingle-person moving. The latter helps customers to move their living space with ease and peace ofmind.
As of January 17, 2022, Yamato Holdings has already conducted an agreed-upon transfer of 51% of
YHC's outstanding common shares to Art. By combining the technology and quality that Art and YHC
have cultivated, the two have worked to provide more convenient services and to make the delivery
service of large household goods a new pillar of ART GROUP's business.
The results of these efforts have steadily borne fruit, revealing clear synergistic effects between thelarge furniture and major appliance transportation business and the moving business. Now, in orderto achieve further growth of ART GROUP as a whole, it has been decided that YHC will become awholly owned subsidiary of ART GROUP.

2. Date of Share Transfer
Planned for January 1, 2025
3. Future Developments
YHC plans to change its name to "ART SETTING DELIVERY Co., Ltd." effective January 1, 2025.
Note that Yamato Transport Co., Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director andPresident: Yutaka Nagao) will continue to provide transportation of large furniture and major
appliances along with overseas moving services in cooperation with ART GROUP.
ART GROUP and the Yamato Group will continue to collaborate while utilizing the management
resources of both groups to expand the delivery business of large household goods and to evolvethe moving business. Going forward, both parties will breathe new life into the logistics industry byproviding services boasting even greater quality and convenience.
4. Number of Shares Acquired and Status of Shares Held Before and After Acquisition by ART
MOVING COMPANY Co., Ltd.
Number of shares held
before acquisition
Total number of sharesacquired
Number of shares held afteracquisition

9,225 shares (number of voting rights: 9,225)

8,863 shares (number of voting rights: 8,863)

18,088 shares (number of voting rights: 18,088)

Contact
Public Relations, ART MOVING COMPANY Co., Ltd. TEL: +81-6-6946-0143
Corporate Communications Strategy, Yamato Holdings Co., Ltd.

TEL: +81-3-3541-4141

Reference
Execution of Share Transfer Agreement for Yamato Home Convenience Co., Ltd. (August 2, 2021)(Japanese only)
https://www.yamato-hd.co.jp/news/2021/newsrelease_20210802_3.html