November 24, 2021

For Immediate Release

Company name: First Brothers Co., Ltd.

President:

Tomoki Yoshihara

(TSE First Section, Stock code: 3454)

Inquiries:

Chief Financial Officer

Yoshinobu Hotta

(Tel: +81-3-5219-5370)

Notice Regarding Sale of Real Estate for Sale by Consolidated Subsidiary

On November 24, 2021, First Brothers Capital Co., Ltd., a consolidated subsidiary of First Brothers Co., Ltd., determined to sell real estate for sale (trust beneficiary rights) as shown below. The parent company, First Brothers Co., Ltd., resolved to approve this transaction on the same day.

1. Property to be Sold and Transaction Summary

(1) Location

Wako, Saitama Prefecture

(2) Asset to be

Real estate for lease (trust beneficiary rights)

transferred

(3) Buyer

Undisclosed

We have refrained from disclosing the identity of the buyer due to non-

disclosure requirements included in our sales contract with the buyer.

(4) Selling price

Undisclosed

We have refrained from disclosing the selling price of the property due to

non-disclosure requirements included in our sales contract with the buyer.

The selling price of the property is equivalent to at least 10% of our

consolidated net sales in the fiscal year ended November 30, 2020.

(5) Delivery date

Early December 2021 (planned)

2. Outlook

We plan to incorporate the impact of this transaction into our consolidated earnings forecast for the fiscal year ending November 30, 2022, which is scheduled for release on January 12, 2022.

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Disclaimer

First Brothers Co. Ltd. published this content on 02 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 08:10:04 UTC.