Securities Report (Domestic Investment Trust Beneficiary Certificates) - 23rd Period (2025/10/28 - 2026/04/27)

T&D Asset Management Co., Ltd. Securities Report (Domestic Investment Trust Beneficiary Certificates) - 23rd Period (2025/10/28 - 2026/04/27)

This report has been prepared in accordance with the Financial Instruments and Exchange Act as an information disclosure document for investors in domestic investment trust beneficiary certificates. The reporting period covers the 23rd fiscal term from October 28, 2025, to April 27, 2026, and includes details on investment performance, asset management policies, revenue structure, risk management practices, and management outlook during this period.

The company prioritizes transparency and reliability in the asset management industry and fulfills its responsibilities to investors through regular submission of such reports. This document also discusses portfolio composition, key investment holdings, responses to changing market conditions, and strategic initiatives for the future.

Financial statements, including the income statement, balance sheet, and cash flow statement, are attached and audited by an independent auditor to ensure objectivity and accuracy.

The full report is available for viewing and download via EDINET (Electronic Disclosure for Investors' Network) and the company's official website, serving as a decision-support tool for prospective and existing investors.