December 22, 2017

To whom it may concern
TAYCA CORPORATION
Notice Concerning the Acquisition of Shares (Ownership) of TRS Technologies, Inc.
TAYCA CORPORATION hereby announces that, at a Board of Directors’ meeting, a resolution was
passed to acquire all shares of TRS Technologies, Inc. (hereinafter, TRS) to make it our subsidiarycompany.

1. Reasons for acquiring shares
TAYCA CORPORATION ranks the electronic industry materials business as an important growthstrategic area, and actively invests our management resources in piezoelectric ceramic products withthe aim of expanding business.
Piezoelectric ceramics can expand or contract when a voltage is applied, and conversely generate avoltage when subjected to a pressure. Utilizing this characteristic, piezoelectric ceramics are used formain parts of ultrasonic device including ultrasonic diagnostic equipment, non-destructive testing
equipment and washing apparatus.
Among them, the health care sector is expanding strongly and TAYCA’s piezoelectric ceramics used
for ultrasonic diagnostic equipment gains the largest share in the world, recognized for our highquality and technological capabilities.

TRS to be acquired was established in 1990. It currently focuses on piezoelectric materials,
especially on piezoelectric single crystal, and is recognized as one of leading companies in this area.
Piezoelectric single crystal has high conversion efficiency of electrical energy into vibrational energy
and can enhance the quality of diagnostic imaging of ultrasonic diagnostic equipment, and therefore,
it is increasingly adopted to premium-grade ultrasonic diagnostic equipment. This could lead toimproving quality of diagnosis in a medical setting as well as exploring new application fields.
Meanwhile, piezoelectric ceramics are materials used for various fields and have extremely highcomplementary relationship with piezoelectric single crystal.

By utilizing the synergy effect with TRS, TAYCA is committed to facilitate further technologicalinnovation of piezoelectric materials, with the aim of developing it as one of our core businesses.

2. Acquisition priceApproximately 3 billion yen

3. Overview of new subsidiary company (TRS Technologies, Inc.)(1) Name

TRS Technologies, Inc.

(2) Location

Suite J, 2820 East College Ave. State College, PA 16801(3) Representative (name & position)

Wesley S. Hackenberger, President & COO(4) Business operations

Piezoelectric materials manufacturer
Manufacturing and sale of piezoelectric ceramics andpiezoelectric single crystal for medical device andindustrial use, etc.

(5) Capital

USD 124,000(6) Date of establishment

June 1990(7) Relationships with the said

Capital relationship

Not applicable

Personal relationship

Not applicable

Transactional relationship

Not applicablecompany(8) Recent business performance and financial position of the said company
Fiscal year end

FYE December 2015

FYE December 2016

Net assets (USD in thousands)

3,149

3,553

Total assets (USD in thousands)

6,803

8,124

Sales (USD in thousands)

8,519

9,853

4. Status of holding shares before and after acquisition, the number of shares to be acquired andscheduled date of acquisition(1) Number of holding shares before

0 shares (percentage of voting rights: 0%)

acquisition(2) Number of shares to be acquired

100,000 shares (percentage of voting rights: 100%)(3) Scheduled date of acquisition

January 5, 2018 (scheduled)

End of report