News

Kashima Antlers Co., Ltd. (Headquarters: Kashima City, Ibaraki Prefecture; Representative Director and President: Fumiyuki Koizumi; hereinafter "Kashima Antlers") announced today that Mercari, Inc. (Headquarters: Minato-ku, Tokyo; Representative Director, CEO (President): Shintaro Yamada; hereinafter "Mercari") and LIXIL Corporation (Headquarters: Koto-ku, Tokyo; Representative Director, President and CEO: Kinya Seto; hereinafter "LIXIL") have agreed to subscribe to shares issued by Kashima Antlers through a third-party allotment.

This matter was formally approved at an extraordinary general meeting of shareholders held today, Friday, May 13. Mercari will continue to hold 71.2% of Kashima Antlers' outstanding shares, and Kashima Antlers will work with Mercari, its management partner, toward sustainable growth.

In addition, LIXIL will acquire 10.0% of Kashima Antlers' outstanding shares and enter into a new capital alliance agreement. Kashima Antlers and LIXIL have walked together through a 28-year partnership. Going forward, they will further strengthen their relationship and cooperate in SDG initiatives through sports, promoting awareness activities aimed at realizing a sustainable society.

■Ownership Ratios of Kashima Antlers' Outstanding Shares　

	Before Capital Increase	After Capital Increase
Mercari	71.2%	71.2%
LIXIL	0%	10.0%
Nippon Steel	11.0%	7.1%
Local Governments	7.7%	5.0%
Other Companies	10.1%	6.7%

*Ratios are rounded to one decimal place.