Enplas : Notice Concerning Absorption-type Merger of Wholly-owned Subsidiary (Simplified Merger and Short-form Merger)

April 30, 2021

Company name: Enplas Corporation

Representative: Daisuke Yokota, President

Code No.: 6961, TSE 1st Section

Inquiries: Shigeya Fujita,

Member of the board, Executive Officer

Tel: [phone]

Notice Concerning Absorption-type Merger of Wholly-owned Subsidiary

(Simplified Merger and Short-form Merger)

Enplas Corporation ("Enplas", Head Office: Saitama, President: Daisuke Yokota") hereby announces that at the meeting of the Board of Directors held on April 30, 2021, it resolved to implement an absorption-type merger (hereinafter referred to as " the Merger") of its wholly-owned subsidiary, Enplas Display Device corporation (hereinafter referred to as "EDD"), with September 1, 2021, as the effective date, as follows.

1. Purpose of the Merger

EDD is engaged in LED business in the Optical business. The Merger will bring synergistic effects such as the creation of new technologies and new applications by combining and enhancing the strengths of individual luminous flux control technologies. In addition, the Merger will enable streamlined management and more efficient organizational management through the consolidation of operation, and will further accelerate Enplas group's business expansion.

2. Summary of the Merger
(1) Schedule of the Merger
Resolution of the Board of Directors	April 30, 2021
Date of signing the Merger agreement	April 30, 2021
Effective date the Merger	September 1, 2021 (scheduled)

1. Method of the Merger
   The Merger is an absorption-type merger in which Enplas is the surviving company and EDD is the disappearing company. EDD will be dissolved on the effective date of the Merger.
2. Details of Allocation Related to the Merger

As the Merger will be an absorption-type merger involving a wholly-owned subsidiary of Enplas, no new shares will be issued and no money etc. will be allocated.

1. Treatment of Stock Acquisition Rights and Bonds with Stock Acquisition Rights of Disappearing Company
   Not applicable.

3. Overview of the Companies Involved in the Merger

		Surviving Company of the		Disappearing Company of the
		Absorption-type Merger		Absorption-type Merger
(1)	Company name	Enplas Corporation			Enplas Display Device Corporation
(2)	Head Office	2-30-1, Namiki, Kawaguchi City,	2-30-1, Namiki, Kawaguchi City,
		Saitama Prefecture			Saitama Prefecture
(3)	Name and Title of	Daisuke Yokota, President		Kazuaki Yokoyama, President
	Representative
(4)	Business Purpose	Manufacture, processing and sale	Manufacture, processing and sale of
		of various precision parts and		various precision parts and products
		products made of engineering		made of engineering plastics and
		plastics and their composite		their composite materials
		materials
(5)	Paid-in Capital	8,080 million yen			100 million yen
(6)	Establishment	February 21, 1962			April 2, 2012
(7)	Number of Shares Issued	13,232,897 shares			2,000 shares
(8)	Fiscal Year End	March 31			March 31
(9)	Major Shareholders and Their	Daisuke Yokota	15.58%	Enplas Corporation	100%
	Holding Ratios (as of March	Makoto Yokota	10.45%
	31, 2021)	Saitama Resona Bank, Ltd.
			6.85%
		Mizuho Bank, Ltd.	6.78%
		The Master Trust Bank of Japan,
		Ltd.	6.64%
(10) Business Results and Financial Condition for the Previous Fiscal Year
		Enplas Corporation		Enplas Display Device Corporation
		(Consolidated)		(Non-consolidated)
		Fiscal year ended March 2020	Fiscal year ended March 2020
Net Assets	50,049 million yen	1,638	million	yen
Total Assets	54,996	million	yen	1,843	million	yen
Net Assets per Share	4,002.13	yen	819,308.85 yen
Net Sales	31,456	million	yen	2,380	million	yen
Operating Income	2,163 million	yen	3	million yen
Ordinary Income	2,150 million	yen	11	million	yen
Net Income Attributable to	489	million	yen	386	million	yen
Owners of Parent
Net Income per Share		39.44 yen	193,429.93 yen

Conditions after the Merger

After the Merger, there will be no change to Enplas's company name, head office address, paid-in capital, of fiscal yead end.

4. Future Outlook

Regarding the Merger, Enplas does not expect any significant effects on its consolidated business results. If an event which requires disclosure arises, Enplas will promptly announce it.

Notice:

1. This announcement contains forward-looking statements. These forward-looking statements are based on Enplas's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Enplas's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Enplas's latest Annual Securities Report and Quarterly Securities Report, and Enplas undertakes no obligation to publicly update or revise any forward-looking statements.
2. The official version of this announcement was published in Japanese. An unofficial English translation is provided for the convenience of overseas investors. For any discrepancies between the Japanese and English versions, the Japanese version shall prevail.