Announcement of the Commencement of Operations of Makita Industrial Tools Corporation.

We are pleased to announce that Makita Industrial Tools Corporation. commenced operations on September 1, 2026, following the acquisition of the power tool business of Panasonic Electric Works Co., Ltd.("PEW").

The provision of products and services, as well as customer support for the acquired business, will continue under the existing framework for the time being.

To date, our company has developed and marketed products such as power tools and outdoor power equipment, primarily for the construction and building industries, while helping customers improve work efficiency and address challenges at job sites. Through the launch of this new business, we will not only further strengthen our power tool business but also expand our business scope into the fields of fastening equipment for factories and construction applications, as well as factory-oriented IoT solutions, thereby enhancing the value we deliver to our customers.

By combining the Makita Group's battery and motor technologies and global business platform with the technologies and expertise that PEW has cultivated in power tools, fastening equipment for factories and construction applications, and factory-oriented IoT solutions, Makita Industrial Tools Corporation. will provide new value to a broad range of customers, from construction and building sites to manufacturing facilities, while helping to solve their operational challenges.

The Makita Group regards this business as an important initiative for enhancing corporate value. As a trusted partner supporting our customers' production activities and manufacturing operations, we will continue to pursue sustainable growth and the creation of new value.

We sincerely appreciate your continued support and patronage.