Merger Announcement

Ladies and Gentlemen:

We are pleased to announce the merger of KOKUYO Co., Ltd.; KOKUYO S&T Co., Ltd.; and KOKUYO Furniture Co., Ltd., with KOKUYO Co., Ltd., (hereinafter referred to as “KOKUYO”) as the surviving company effective October 1, 2015.

KOKUYO S&T Co., Ltd., and KOKUYO Furniture Co., Ltd. had been pursuing maximum value creation in their respective businesses since their establishment through a spin-off from KOKUYO Co., Ltd in 2004. In the meanwhile, with accelerating globalization, popularization of the Internet and change of demographic structure, the business challenges we face have been growing more complicated and diverse.

Through this merger, we intend to resolve the increasingly more complicated and diverse customer issues and needs and deliver maximum value to customers by leveraging the collective strength of the KOKUYO Group. We are committed to our corporate philosophy “Enrich the world through our products.”

We look forward to your support and cooperation in the years to come.

Yours sincerely,

Akihiro Kuroda
Representative Director and Chairman
KOKUYO Co., Ltd.

Hidekuni Kuroda
Representative Director, President and CEO
KOKUYO Co., Ltd.

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