Lawsuit Filed Against a Group Company

On August 30, 2024, Kuraray Korea Ltd. (hereinafter “Kuraray Korea”), a Group company in South Korea, was the target of a patent infringement lawsuit filed at the Seoul Central District Court by SEKISUI CHEMICAL CO., LTD. regarding the Trosifol® The Wedge Acoustic and Trosifol® The Wedge Acoustic Shadeband interlayer films for laminated safety glass, which are manufactured and sold by Kuraray Korea.

Respect for both Kuraray’s and other companies’ intellectual property is foundational to the Company, and we conduct due diligence regarding such intellectual property before manufacturing or selling products. Our legal opinion towards this lawsuit differs from that of SEKISUI CHEMICAL CO., LTD., and we are working with Kuraray Korea and local legal counselors to properly address the situation.

We do not anticipate an impact on Group performance from this incident. We will promptly disclose further matters as needed should they occur.