EN

Status of Shareholders

August 31,2025

Total authorized shares 267,000,000
Total issued shares 54,291,435
Shareholders 35,258

Major Shareholders (Top 10)

Shareholder Name Shares Owned (1,000s) Issued Shares Owned (%)
Benesse Holdings, Inc. 33,610 62.00
The Master Trust Bank of Japan (Trust Account) 2,963 5.46
MSIP CLIENT SECURITIES 898 1.65
Custody Bank of Japan, Ltd. (Trust Account) 821 1.51
Isao Ishihara 400 0.73
STATE STREET BANK AND TRUST COMPANY 505001 339 0.62
UEDA YAGI TANSHI Co., Ltd. 313 0.57
JP MORGAN CHASE BANK 385781 287 0.53
Kyoko Ishihara 264 0.48
J.P.Morgan Securities plc 244 0.45

Note : In addition to the above, the company holds treasury stock.

Distribution of Shares

The Number of ShareholdersIndividual&Other 6,145 people Financial Institutions, Crokerages, etc. 45 people Foreigners 68 people Other Corporations 50 people
Owned Number of SharesOther Corporations 44,574,000 people Individual&Other 4,360,000 share Financial Institutions, Brokerages, etc. 3,605,000 share Foreigners 1,750,000 share
*excluding treasury stock