Taisei Corporation establishes new subsidiary for Chiba development

Taisei Corporation has resolved to make a priority capital contribution to TS Investment No. 2 Special Purpose Company, establishing it as a specified subsidiary. This decision, approved at a board meeting held today, October 29, 2025, is driven by the aim to invest in a development project in Chiba Prefecture. The contribution to TS Investment No. 2 will exceed 10% of Taisei Corporation's capital, meeting the criteria for a specified subsidiary.

TS Investment No. 2 Special Purpose Company, headquartered in Chiyoda-ku, Tokyo, was incorporated on September 5, 2025, with a total capital contribution of JPY 27,200 million. Taisei Corporation will hold 100% of the capital. The company's primary business activities involve the acquisition, management, and disposition of specified assets in accordance with the Act on the Securitization of Assets, along with ancillary operations related to the securitization of these assets.

The priority capital contribution agreement is expected to be finalized in December 2025. The initial contribution will be made in December 2025, with subsequent phased contributions planned until June 2028. Taisei Corporation anticipates that this transaction will have a negligible impact on its financial performance.