Notice Regarding Publication of Mid-Term Management Policy and Business Targets

THE WHY HOW DO COMPANY (the "Company") resolved its mid-term management policy and business targets at a Board of Directors meeting held on May 26, 2026.

This policy is an updated version of the document published on November 4, 2025. As a three-year plan starting from the fiscal year ending April 2026, the Company aims to create sustainable corporate value through M&A-based business succession support and value enhancement via AI utilization.

1. Mid-Term Management Targets (Consolidated) The Company aims to achieve 10 billion yen in consolidated sales and 1 billion yen in adjusted EBITDA in the fiscal year ending April 2028 (the 24th term).

2. Management Policy For SMEs facing successor shortages, the Company promotes a unique model of 'Long-Term Companionship M&A (The Third Way)' that does not assume a sale. It will simultaneously advance four growth drivers: 'Continuous M&A Execution,' 'Strategic Business Alliances,' 'AI Value-Up,' and 'Entry into New Sectors.'

3. Reproducible Growth Process The Company establishes a cycle from sourcing to PMI and AI support, promoting group-wide PMI and AI implementation while respecting the independence of each company.