On July 1, 2025, our consolidated subsidiary, santec LIS Corporation, completed the acquisition of all shares of MOG LABORATORIES PTY LTD (“MOGLabs”), an Australian manufacturer of optical measurement instruments. As a result, MOGLabs has become a second-tier subsidiary of our corporate group.
This acquisition follows the execution of a share transfer agreement dated May 29, 2025, and was formally closed on July 1, 2025.

1. Background and Purpose of the Acquisition
MOGLabs is engaged in the development, manufacturing, and sales of advanced optical measurement instruments, primarily for the fields of atomic physics and quantum computing. Since its establishment in 2007, the company has supplied products to research institutions and corporations worldwide.Through this acquisition, our group aims to expand its product lineup and business domain in the optical measurement sector, thereby enhancing overall corporate value.

2. Overview of MOGLabs

 The impact of this acquisition on our group’s consolidated financial results for the fiscal year ending March 2026 is currently under review. Should any material impact be identified, we will disclose it as appropriate.