[SBI Securities] Conclusion of an Absorption-Spinoff Agreement concerning the "Okasan Online Securities" Business by SBI Securities and Okasan Securities

SBI Securities Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director and President: Masato Takamura, hereinafter "SBI Securities") and Okasan Securities Co., Ltd. (Headquarters: Chuo-ku, Tokyo, Director and President: Yoshihiro Ikeda, hereinafter "Okasan Securities") have today decided to conclude an absorption-spinoff agreement (hereinafter, the "Absorption-Spinoff Agreement") to transfer certain rights and obligations related to the "Okasan Online Securities" business, which is conducted by Okasan Securities, to SBI Securities (hereinafter, the "Transfer").

Okasan Securities, while strengthening its digital promotion system centered on face-to-face consulting, has decided to transfer part of this business to SBI Securities, which has extensive experience and a robust system infrastructure in the online securities field, in order to ensure the stable and continuous development of the "Okasan Online Securities" business in the future and to provide products and services with high customer satisfaction.

The SBI Group and the Okasan Securities Group have collaborated in multiple fields, including asset management, to create synergistic value. Through this transfer, we aim to further strengthen the collaboration between the two group companies and provide even higher value-added services by integrating the strengths of both companies.

The assets and rights and obligations related to the securities comprehensive trading accounts, NISA accounts, and margin trading accounts of target customers are subject to the transfer of the "Okasan Online Securities" business conducted by Okasan Securities. Specifically, it is planned to inherit deposits, domestic stocks (physical), investment trusts, and margin trading positions and margin collateral (including pledged securities). These are scheduled to be transferred to SBI Securities on October 13, 2026 (Tuesday), the effective date of this Absorption-Spinoff Agreement.

Businesses related to exchange FX (Click 365) and exchange CFD (Click Kabu 365), over-the-counter FX, Chinese stocks, and ECF are not included in this transfer. Details regarding the suspension of various services for the "Okasan Online Securities" business (transfer target) and the transfer to SBI Securities will be announced sequentially through a special website and other channels.

Through this transfer, both companies will strive to achieve the best interests of their customers and will continue to support the asset formation of individual investors.

The impact of this matter on the business results is expected to be minor. We will promptly announce if any matters requiring disclosure arise in the future.

SBI Securities Co., Ltd. Overview:

Company Name: SBI Securities Co., Ltd.

Location: 1-6-1 Roppongi, Minato-ku, Tokyo

Representative: Masato Takamura, Representative Director and President

Registration Number, etc.: Kanto Local Finance Bureau Director (Kinsho) No. 44

Type of Financial Instruments Business: Type 1 Financial Instruments Business, Type 2 Financial Instruments Business, Investment Advisory and Agency Business

Capital: ... (Input truncated)