Post by Hibiki Path Advisors

Hibiki Path Special Opportunity has submitted a shareholder proposal to Tomoe Corporation and our shareholder proposal regarding the appropriation of surplus will be submitted for approval at the Company’s 94th Annual General Meeting of Shareholders scheduled to be held on June 26, 2026. The Company has published our proposal together with the Board of Directors’ opposing opinion. Accordingly, we attach our proposal to this post and set out below the background to our submission, as well as our views on the Board’s opposition statement. https://lnkd.in/gCykTQ6h --------------------------------------------------------------------------- This post does not constitute, and shall not be construed as, any proposal, solicitation, marketing, advertisement, inducement, or representation with respect to any service or product, nor does it constitute advice regarding the purchase or sale of any investment product or any type of investment, the making of any investment, the entering into of any transaction, or the refraining from any action (whether or not any terms or conditions are stated herein), and does not express any opinion regarding the merits of any particular investment or investment strategy. Any examples of strategies or transactions are provided solely for explanatory purposes and do not represent past or future strategies or performance, nor do they indicate the likelihood of success of any particular strategy. Furthermore, this post does not constitute investment, financial, legal, tax, or any other professional advice. This post has been prepared based on publicly available information (which we have not independently verified) and does not purport to be complete, timely, or comprehensive. We do not intend, either directly or indirectly, including through other shareholders, to propose at any shareholders’ meeting of Tomoe Corporation the transfer or disposal of the business or assets of Tomoe Corporation or any of its group companies. In addition, we do not have any intention to engage in any conduct that would make the continuous and stable operation of the business of Tomoe Corporation or its group companies difficult.