船井総研ホールディングス（9757） – Notice Regarding Merger of Consolidated Subsidiaries and Change of Trade Name

For Immediate Release February 4, 2022 Funai Soken Holdings, Inc. (TSE 1, stock code 9757) Takayuki Nakatani, President & CEO Contact: Takahisa Okumura Director, senior vice president, and head of Management Administration Divisional Headquarters +81-(0)6-6232-0130 Notice Regarding Merger of Consolidated Subsidiaries and Change of Trade Name Funai Soken Holdings hereby announces that its Board of Directors decided at a board meeting today to merge two Funai Soken Consulting Group companies—Funai Soken Corporate Relations Inc., and Shinwa Computer Service Co., Ltd.—and rename the surviving company. 1. Reasons for Merger As part of the Funai Soken Consulting Group’s core business of providing comprehensive management consulting services for SMEs, the group has expanded its services to include digital transformation consulting and comprehensive management consulting for mid-scale clients. As a result, the group faces an urgent need to strengthen its platform for hiring and developing talent able to provide digital solutions. The decision was made to merge the strengths of Funai Soken Corporate Relations (online marketing and BPO consulting) with those of Shinwa Computer Service (digital HR hiring and development, computer systems development) so that the Funai Soken Consulting Group may offer clients the full spectrum of digital services more seamlessly. 2. Details of Merger (1) Schedule Board meetings (of the boards of directors of the merging companies and Funai Soken Holdings) to approve merger agreement contents prior to execution: Scheduled for Feb. 18, 2022 Execution of the merger agreement (by the merging companies):Scheduled for Feb. 18, 2022 Shareholders meetings (of the merging companies) to approve the merger agreement: Scheduled for Mar. 25, 2022 Merger takes effect: Scheduled for July 1, 2022 (2) Method of Merger An absorption merger, in which Funai Soken Corporate Relations will absorb Shinwa Computer Service and be the surviving company, and Shinwa Computer Service will become defunct. (3) Allocation of Stake in New Company As both merging companies are wholly-owned subsidiaries of Funai Soken Holdings, no allocation of shares or other monies shall arise in this case. (4) Effect on Subscription Rights for Shares and Bonds with Subscription Rights N/A (10) Financial Situation and Business Performance in Preceding Fiscal Year Year ended December 2020 Year ended December 2020 (In thousands of yen except net assets per share and earnings per share) 3. Merging Companies (1) Name (2) Address (3) Representative (4) Business (5) Capital (6) Incorporated (7) Shares Issued (8) Fiscal Year (9) Major Shareholders and Stakes Net assets Total assets Net assets per share Net sales Operating income Ordinary income Net income Earnings per share 4. Post-Merger Company (1) New trade name (2) Principal place of business (3) Representative (4) Business (5) Capital (6) Fiscal Year (7) Major Shareholders and Absorbing Company Funai Soken Corporate Relations Inc. 6th floor, Shinfushimimachi Bldg., 4-4-10 Fushimi-machi, Chuo-ku, Osaka Hitoshi Nagira, president Systems integration, digital marketing, BPO and consulting 50 million yen November 28, 2013 5,000 Ends December 31 Funai Soken Holdings: 100% Absorbed Company Shinwa Computer Service Co., Ltd. 3rd floor, Nippo Hacchobori Bldg., 2-19-8 Hacchobori, Chuo-ku, Tokyo Akihide Goto, president Systems development, etc. 13 million yen June 12, 1980 7,560 Ends December 31 Funai Soken Holdings: 100% 889,786 1,500,533 177,957 yen 4,946,252 223,055 230,369 154,668 30,933 yen 124,982 240,548 16,532 yen 562,020 -22,707 -22,669 -10,526 -1,392 yen Funai Soken Digital, Inc. (TBC) 6th floor, Shinfushimimachi Bldg., 4-4-10 Fushimi-machi, Chuo-ku, Osaka Hitoshi Nagira, president Systems integration, digital marketing, BPO, consulting, and systems integration, etc. 50 million yen Ends December 31 Funai Soken Holdings: 100% Stakes Funai Soken Corporate Relations is scheduled to change its trade name when the merger takes effect on July 1, 2022. 5. Outlook The impact of this merger on business performance for this fiscal year is minor. Funai Soken Holdings will promptly announce any information requiring public notice.