Nissha Co., Ltd.’s consolidated subsidiary in the Information and Communication business, Nissha Printing Communications, Inc. (hereinafter, “Nissha Printing Communications”) has concluded a share transfer agreement with Kyodo Printing Co., Ltd. (hereinafter, “Kyodo Printing”) targeting their company formed through joint investment, Kyodo NCI Printing Co., Ltd. (hereinafter, the “Target”), for the transfer of shares held by Nissha Printing Communications (investment rate 10%) to Kyodo Printing as of January 5, 2021. The Target will become a wholly owned subsidiary of Kyodo Printing with the transfer and is scheduled to be renamed as of January 5, 2021.
Nissha Printing Communications will continue to focus on publication printing, art solutions, and other fields in which it can maximize its high-definition, high-quality color reproduction capabilities, primarily in the Kansai area where it has an established business foundation.

The impact of this transaction on the Nissha Co., Ltd.’s consolidated results for the current fiscal year is expected to be negligible. Going forward, if revisions to business forecasts or the announcement of other matters become necessary, we will make prompt disclosure of the same.