Classico debuts on Tokyo Stock Exchange Growth Market

Elan Corporation, whose shares trade on the Tokyo Stock Exchange Prime market, announced today, November 5, 2025, the listing of its equity-method affiliate, Classico Inc., on the Tokyo Stock Exchange Growth Market. This follows the approval for listing announced on October 1, 2025.

Elan believes Classico Inc.'s listing will contribute to Classico's growth and enhanced governance, ultimately fostering the growth and increased corporate value of the entire Elan Group. Following the listing, Classico will continue to be an equity-method affiliate of Elan Corporation.

Elan anticipates that the impact of this listing on its own performance for the fiscal year ending December 2025 will be negligible. The company also stated that any future matters requiring disclosure will be promptly announced.