Noritz corrects growth rate in OGIHARA MFG acquisition

Noritz Corporation announced on October 16, 2025, a partial correction to its earlier "Notice Concerning Partial Share Exchange with OGIHARA MFG.CO., Ltd. (Simplified Partial Share Exchange) to Make it a Subsidiary" dated October 15, 2025. The correction specifically addresses the perpetual growth rate used in the calculation for the partial share exchange.

Originally, the perpetual growth rate was stated as -0.5% to 0.5%. The corrected disclosure revises this to a perpetual growth rate of 2.0%. This adjustment pertains to the "Grounds, etc. for details of allotment in the Partial Share Exchange" section, under "Matters concerning calculation" and "Overview of calculation." The notice was issued by Masayuki Takenaka, president and representative director, with inquiries directed to Eiichi Kishi, managing executive officer.