[Digest Video Here] Please watch from the following URL. URL: https://youtu.be/Ml0aTcTxtcM Funai Soken Agata FAS Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President: Takashi Mitsuda) will hold an online seminar on how to improve the performance of golf driving ranges acquired through M&A on July 22, August 6, and August 12, 2026. The seminar is aimed at businesses considering diversification and M&A in the golf driving range industry, which continues to shrink. Speakers will include Akihiko Okutomi, Representative Director of Kagohara Golf Co., Ltd., who has taken over multiple facilities through M&A, and experts from our company and Funai Soken. Prior to the seminar, Funai Soken Agata FAS released a digest video of approximately 5 minutes on its official YouTube channel, allowing potential attendees to preview the content. You can check the content in the video first, and if you are interested, you can apply for the seminar. Watch the Digest Video ■ Key Points of This Release An online seminar will be held on three dates in July-August 2026, where a business owner who has practiced performance improvement for golf driving ranges acquired through M&A and experts will explain specific methods. Topics covered include: "Calculation of transfer price including goodwill," "Synergy between outdoor golf driving ranges and other businesses," "Relationship building after M&A with a focus on people," "Criteria for judging growth potential," and "Realization of conglomerate management." A digest video of approximately 5 minutes, allowing attendees to preview the seminar content, has been released. Akihiko Okutomi, president of Kagohara Golf, who will be speaking, discusses his approach to M&A in a shrinking industry. ■ Points You Can Learn in This Seminar 1 Method for calculating the appropriate transfer price, including "goodwill" Kagohara Golf's approach to presenting their desired transfer price, with respect for the current management. 2 Synergy effects between outdoor golf