Wedge Holdings Inc.

Established Brain Navi Inc. with capital of 50 million yen in Minato Ward, Tokyo

Relocated headquarters to Shibuya Ward, Tokyo, and started manuscript, publishing, and other businesses

Relocated headquarters to Chiyoda Ward, Tokyo

Listed on the Hercules Market of Osaka Securities Exchange

Transitioned to a holding company as Wedge Holdings Inc. through a company split, and established Brain Navi Inc.

Relocated headquarters to Kanda Nishikicho, Chiyoda Ward, Tokyo

Absorbed Brain Navi Inc.

Increased capital through third-party allotment to Asuka-no Holdings Inc. of the APF Group, with capital after increase at 769,140,900 yen

As a result of a third-party allotment of new shares, Asuka-no Holdings Co., Ltd. of the APF Group became the top shareholder.

Established in 2012. A pioneer in motorcycle leasing within Cambodia, awarded the first Finance Lease license by the Central Bank of Cambodia. As a subsidiary of Group Lease (GL), GL Finance has expanded its operations from Phnom Penh across Cambodia, rapidly creating new markets.

A strategic subsidiary established in Singapore to oversee investment activities in Southeast Asia, leveraging Singapore's top-tier management infrastructure. It plays a central role in Wedge Holdings Group's overseas investment activities: Thanaban Co., Ltd. (TNB).

Established Engine Holdings Asia PTE. as a strategic subsidiary for business investment in Southeast Asia

Strengthened capital through third-party allotment with four companies including APF Group's investment company, with capital after increase at 1,189,140,900 yen

Capital increase through third-party allotment with four companies, including an investment company of the APF Group, as subscribers.

Made Group Lease PCL., a listed company on the Thai Stock Exchange, a consolidated subsidiary, expanding the finance business of our group

The Group Lease of Southeast Asian group companies becomes a consolidated subsidiary of Wedge Holdings.

Increased capital through third-party allotment with two companies including APF Group's investment company, with capital after increase at 1,839,143,700 yen

Capital increase through third-party allotment with two companies, including an investment company of the APF Group, as subscribers.

Relocated headquarters to Nihonbashi Honcho, Chuo Ward, Tokyo

Showa Holdings Inc. became the parent company

About Showa Holdings Group. The group was formed when Showa Rubber Co., Ltd., established in Showa 12 (1937), became a holding company in Heisei 21 (2009). Its subsidiaries include a diverse range of businesses such as manufacturing and processing of industrial rubber products, sports goods manufacturing and sales, and food manufacturing. In May 2011, the company joined the Showa Holdings Group through a business alliance and share acquisition.

Established Engine Property Management Asia PTE.LTD. for operating resort businesses in Southeast Asia

Made Group Lease Holdings PTE.LTD., a consolidated subsidiary, to expand finance business in Southeast Asia

The Unicon division, which started with article production for books and magazines, merged into a new business unit in October 2012, marking a fresh start. Currently, it operates as a production division involved in card game development, book editing, digital content creation for distribution, and other entertainment-related businesses, trusted by many clients.

The Unicon division has been integrated and a new start has been made.

Made GL Finance PLC., a consolidated subsidiary, to expand finance business in the Kingdom of Cambodia

Made Thanaban Co., Ltd., a consolidated subsidiary, to expand finance business in the Kingdom of Thailand

Expanding finance business in Thailand as a consolidated subsidiary.

Consolidated subsidiary of GL Leasing (Lao) to expand finance business in the Lao People's Democratic Republic

Implemented capital increase through third-party allotment with Showa Holdings Co., Ltd. as the subscriber: (Post-increase capital: 3,891,922,280 yen)

Implemented capital increase through third-party allotment with Showa Holdings Co., Ltd. as the subscriber.

Capital contribution to PT Group Lease Finance Indonesia completed, making it a consolidated subsidiary

Make BG Microfinance Myanmar Co., Ltd. a consolidated subsidiary

Make GL-AMMK Co., Ltd. a consolidated subsidiary