Japan Excellent, Inc. announced the decision made on May 27, 2024 concerning new debt financing as follows. Details of Debt Financing: Lender: Development Bank of Japan Inc. Loan Amount is JPY 3.5 billion. Interest Rate: 1.60750% (Fixed rate).

Borrowing Period is 9 years. Drawdown Date is May 31, 2024. Principal Repayment Date is May 31, 2033.

Borrowing Method, Repayment Method, Collateral: Term loan agreement To be repaid in full on the repayment date Unsecured /Non-guaranteed.