We hereby announce that Nissha Co., Ltd. (hereinafter, “Nissha”) ’s consolidated subsidiary, Nissha Medical Technologies (hereinafter, “NMT”), operating as the Medical Technologies Business Unit (MTBU) of Nissha, has acquired all assets of Olympus Group’s Norwalk, Ohio Medical Manufacturing Operation. This site currently manufacturers rigid scopes for urology and gynecology and other components of therapeutic devices.

This strategic acquisition provides value to all NMT OEM customers through increased vertical integration for our NMT Design and Manufacturing Division. This agreement further enhances NMT design services and manufacturing capabilities related to machined components, and increased production capacity in North America to support NMT global growth and operations.

The acquisition consists of the Norwalk, Ohio manufacturing operation, alongside an agreement to move additional production lines from other OSTA facilities into NMT facilities.

The impact of this transaction on the Company’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.