Investor Presentaiton

TSE Market Restructuring • On April 4, 2022, TSE restructured the cash equity market to incentivize sustainable growth and medium - to long-term corporate value creation at listed companies, thereby providing an attractive market that gains support from various types of investors both domestic and overseas. Old Market Divisions 1st Section For companies with high liquidity Mothers For startups 2nd Section For companies with a track record JASDAQ For various companies (Proven and emerging companies) Standard Growth Indicated Issues > ☐ Ambiguity in the market division concepts Poor incentives for sustainable growth ☐ No indices that are functional as investment targets Transition to new market segments on April 4, 2022 JPX New Market Segments PRIME TOKYO STANDARD GROWTH TOKYO TOKYO Prime The market for companies with high liquidity and governance standards and a focus on constructive dialogue with global investors 1,833 companies <Basic Concepts > Standard The market for companies with sufficient liquidity and governance standards to invest in a publicly traded market 1,442 companies ☐ Criteria are set according to the concept of each market segment Growth The Market for companies with high growth potential 538 companies Initial listing criteria and continued listing criteria for each market segment have been standardized in principle. (Note) The number of listed companies in each market is as of the end of June 2023. The number of companies applying the grace period (as of the end of December 2022) is 269 for the Prime Market, 200 for the Standard Market, and 41 for the Growth Market, for a total of 510 companies © 2023 Japan Exchange Group, Inc. 4

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