Takeover Defense

We believe that if the Company’s corporate value or shareholders’ interest could be harmed due to the acquisition of its shares by a specific person or group, the Company needs to take substantial measures to raise corporate value and secure shareholders’ interests to the extent permitted by laws, regulations, and the Company’s Articles of Incorporation. JVCKENWOOD, of course, recognizes the importance of increasing corporate value and securing shareholders’ interests, and continues to carefully study takeover defense measures. However, we have not introduced any specific measures so far.