[Corporate News] Regarding the Additional Acquisition of Shares in Omori North America

On June 30, 2022, our company acquired additional shares of our North American subsidiary, Omori North America (hereinafter referred to as ONA), through a special purpose company (SPC) in collaboration with the Development Bank of Japan Inc. and Tokyo Small and Medium Enterprise Investment and Development Co., Ltd. This acquisition of shares was realized in line with the retirement intentions of the Cooney couple, who were the founders of BW Cooney, the predecessor of ONA, and have served as CEO and CFO of ONA for many years. Moving forward, we will promote organizational restructuring following the retirement of the Cooney couple and further advance digital transformation (DX). We will also refresh our logo with the aim of further strengthening Omori Machinery's North American operations.

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Regarding the Additional Acquisition of Shares in Omori North America