Notice of Stock Split

■Total number of authorized shares

159,665,600 shares

■Total number of issued and outstanding shares

44,633,232 shares

Principal Shareholders（Except treasury shares）as of March 31,2026

Name of Shareholder Equity securities held
Shares held
(hundreds)		 Ratio of
shareholding（％）
Public Interest Incorporated Foundation　Furuoka Scholarship Foundation 55,553 13.39
The Master Trust Bank of Japan ,Ltd. 44,648 10.76
Gakken Employees' Stock Ownership 12,426 2.99
ＢＮＰ　ＰＡＲＩＢＡＳ　ＬＵＸＥＭＢＯＵＲＧ／２Ｓ／ＪＡＳＤＥＣ／ＪＡＮＵＳ　ＨＥＮＤＥＲＳＯＮ　ＨＯＲＩＺＯＮ　ＦＵＮＤ 12,023 2.89
Custody Bank of Japan, Ltd. 9,496 2.29
Development Bank of Japan Inc 9,480 2.28
Kawai Musical Instruments Manufacturing Co., Ltd. 9,108 2.19
Nippon Life Insurance Company 9,000 2.17
Gakken Businee Partners Stock Ownership 8,794 2.12
ＢＮＹ　ＧＣＭ　ＣＬＩＥＮＴ　ＡＣＣＯＵＮＴ　ＪＰＲＤ　ＡＣ　ＩＳＧ　（ＦＥ－ＡＣ） 7,947 1.91
  • Shareholding percentage was calculated after deduction of treasury stock.