Notification of Change in Parent Company and Affiliated Companies
Date: June 25, 2025
To Whom It May Concern
Company Name: Buffalo Inc.
Representative: Hiroyuki Maki, President and CEO (Stock Code: 6676)
Contact: President's Office, Hideto Tomiya, Tel: 03-4213-1122
This notice is to inform you of the change in our parent company and other affiliated companies.
As of the date of this notification, Melco Group, which was previously our parent company, will no longer be classified as such and will instead be classified as an affiliated company.
1. Date of Change
June 25, 2025
2. Reason for Change
Melco Group was previously considered our parent company based on the consolidated voting rights held by the company and parties closely associated with it, or parties who agreed to exercise voting rights in concert. However, as of May 9, 2025, Melco Group's sole voting rights ratio fell below 40%. Furthermore, at the 39th Ordinary General Meeting of Shareholders held today, the proportion of outside directors appointed to the Board of Directors increased. Considering these factors, it has been determined that Melco Group no longer controls Buffalo Inc.'s decision-making body, the Board of Directors, under the effective control standard. Consequently, Melco Group is no longer classified as a parent company but as an affiliated company.
3. Overview of the Company Subject to Change (As of March 31, 2025)
| (1) Name | Melco Group Inc. |
| (2) Location | 1-11-1 Marunouchi, Chiyoda-ku, Tokyo |
| (3) Representative's Position and Name | Hiroyuki Maki, Representative Director |
| (4) Business Description | Holding and managing securities, overseeing business operations through subsidiaries |
| (5) Capital | 98 million yen |
| (6) Date of Establishment | September 28, 2009 |
| (7) Net Assets | 40,470 million yen |
| (8) Total Assets | 52,673 million yen |
| (9) Major Shareholders and Shareholding Ratio | Makis Holding B.V. (100.00% shareholding) |
| (10) Relationship with the Subject Shareholder | Capital Relationship: Melco Group holds 32.88% of our total voting rights (as of May 31, 2025) and is considered an affiliated company. |
| Human Resources Relationship: Two directors of Melco Group also serve as directors of our company. | |
| Business Relationship: No relevant matters to report. |
4. Number of Voting Rights and Voting Rights Ratio Held by Melco Group Inc. Before and After the Change
| Status | Affiliation | Number of Voting Rights (Voting Rights Ratio) | Total | |
| Directly Held | Held in Concert | |||
| Before Change (As of May 9, 2025) | Parent Company | 41,752 shares (32.88%) | - | 41,752 shares (32.88%) |
| After Change (As of June 25, 2025) | Affiliated Company | 41,752 shares (32.88%) | - | 41,752 shares (32.88%) |
In addition to the above, parties closely associated with Melco Group Inc. or parties who have agreed to exercise voting rights in concert hold 19.02% of the voting rights.
The voting rights ratio is calculated based on the total number of voting rights as of May 31, 2025 (126,952 shares), with fractions of the third decimal place rounded down.
5. Change in Unlisted Parent Company, etc.
There are no relevant matters to report.
6. Future Outlook
This change will not affect our company's earnings.
End of Document
