May 1, 2024
Corporate name:
Representative:
Listing:
Code number:Contact:

SHOFU INC.
Tetsuo Takami
Representative Director, President & COO
Tokyo Stock Exchange (Prime Market)
7979
Shigefumi Iwasaki
General Manager of General Affairs
Department(TEL: +81-75-561-1112)

Notice Concerning Stock Split and Partial Amendment to the Articles of Incorporation

SHOFU INC. (the “Company”) hereby announces that its Board of Directors has resolved at its meeting heldon May 1, 2024 to undertake a stock split and a partial amendment to its Articles of Incorporation following thestock split. The details are described below.
1. Stock split(1) Purpose of stock split
By undertaking the stock split to lower the price of share-trading units, we intend to make shares more
affordable for investors, with a view to improving the liquidity of the Company’s stock and expanding its
shareholder base.
(2) Method of stock split
The record date of the stock split will be Monday, September 30, 2024. Each share of common stock owned
by a shareholder whose name appears or is recorded in the shareholder registry as of the end of the record
date, will be split for two shares.
(3) Increase in the number of shares from the stock split（ⅰ） Total number of shares issued before the stock split（ⅱ） Increase in the issued shares resulting from the stock split（ⅲ） Total number of shares issued after the stock split（ⅳ） Total number of shares authorized after the stock split(4) Schedule（ⅰ） Public notice date of record date（ⅱ） Record date（ⅲ） Effective date

17,894,089 shares
17,894,089 shares
35,788,178 shares
128,000,000 shares

Friday, September 13, 2024 (scheduled)
Monday, September 30, 2024
Tuesday, October 1, 2024

-1-2. Partial Amendment to the Articles of Incorporation(1) Reason for Amendment
In conjunction with the stock split, the Company will amend the total number of shares authorized to be issued
in its Articles of Incorporation with an effective date of October 1, 2024, pursuant to the provisions of Article 184,
Paragraph 2 of the Companies Act of Japan.
(2) Details of Amendment
The details of the amendment are as follows
Current Articles of Incorporation

Amendment(Total Number of Shares Authorized) Article 6. The(Total Number of Shares Authorized) Article 6 The

total

total

numberofsharesauthorized

shallbe64,000,000.

numberofsharesauthorized

shallbe128,000,000.
(Amended portions are underlined)(3) Schedule of the Amendment（ⅰ）

Date of Resolution by the Board of Directors

Wednesday, May 1, 2024（ⅱ） Effective date3.

Tuesday, October 1, 2024

Others(1) Amount of share capital
There will be no change in the amount of share capital as a result of the stock split.
(2) Dividends
As the stock split will take effect on October 1, 2024, the year-end dividend for the fiscal year ending March31, 2024 which has a dividend record date of March 31, 2024, and the interim dividend for the fiscal year ending
March 31, 2025 which has a dividend record date of September 30, 2024, will be paid based on the shares
before the stock split.
(3) Shareholder special benefit
The Company has the following shareholder benefit plans, which will not change because of the stock split.
In-house product offerings

Eligible shareholders: Shareholders holding one unit
(100 shares) or more as recorded in the shareholders'register as of March 31 of each year

Sales of In-house products at preferential prices

Eligible shareholders: All shareholders recorded in theshareholders' register as of March 31 every year

Sales of nail care products at preferential prices

Eligible shareholders: All shareholders recorded in theshareholders’ register as of September 30 every year

(Note) This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, the original shallprevail.
-2-