Azbil : Notification of Stock Split and Partial Amendment to the Articles of Incorporation

(Translation)

May 13, 2024

Company name:	Azbil Corporation
Representative:	Kiyohiro Yamamoto
	Director, President & Group CEO
Contact:	Toshihiko Akabane
	General Manager,
	Head of Group Management Headquarters
Phone:	[phone]
Stock code:	6845 (Prime Market of Tokyo Stock Exchange)

Notification of Stock Split and Partial Amendment to the Articles of Incorporation

Azbil Corporation ("the Company") announces that at the Board of Directors meeting held on May 13, 2024, it resolved to implement a stock split and partially amend the Articles of Incorporation along with the stock split. Details are as follows.

1. Purpose of the stock split

The purpose of the stock split is to increase share liquidity, prepare an environment that makes it easier for investors to invest and expand the investor base by reducing the price of share-trading units.

2. Overview of the stock split

1. Method of the stock split
   Each share of common stock owned by shareholders listed or recorded in the closing register of shareholders on the record date of Monday, September 30, 2024 will be split into four shares.
2. Increase in the number of shares by the stock split

Total number of issued shares prior to the stock split:	141,508,184 shares
Increase in the number of shares by the stock split :	424,524,552 shares
Total number of issued shares after the stock split:	566,032,736 shares
Total number of authorized shares after the stock split:	2,237,680,000 shares
(3) Schedule of the stock split
Date of public notice of record date:	Friday, September 13, 2024
Record date:	Monday, September 30, 2024
Effective date:	Tuesday, October 1, 2024

AZBIL CORPORATION TOKYO BLDG., 2-7-3, MARUNOUCHI, CHIYODA-KU, TOKYO 100-6419 JAPAN

3. Partial amendment to the Articles of Incorporation along with the stock split

1. Reason for the amendment
   Along with this stock split, the Company will amend Article 6 of its Articles of Incorporation to change the total number of authorized shares, effective Tuesday, October 1, 2024, in accordance with the provisions of Article 184, Paragraph 2 of the Companies Act.
2. Details of the amendment

	*Amended points are underlined
Current Articles of Incorporation	Following the amendment
(Total number of authorized shares)	(Total number of authorized shares)
Article 6.	Article 6.
The total number of authorized shares shall be	The total number of authorized shares shall be
five hundred fifty-nine million four hundred	two billion two hundred thirty-seven million six
twenty thousand (559,420,000)shares.	hundred eighty thousand (2,237,680,000)
	shares.

(3) Schedule

Date of resolution by the Board of Directors to amend the Articles of Incorporation: Monday, May 13, 2024

Effective date of the amendment to the Articles of Incorporation:Tuesday, October 1, 2024

4. Others

1. There will be no change in the amount of stated capital stock as a result of this stock split.
2. Dividends
   As the effective date of this stock split is Tuesday, October 1, 2024, the year-end dividend for the fiscal year whose record date is Sunday, March 31, 2024 and the interim dividend for the second quarter-end whose record date is Monday, September 30, 2024 will be paid on the basis of the number of shares prior to the stock split.
   For the year-end dividend for the fiscal year ended March 31, 2024 and the dividend forecast for the fiscal year ending March 31, 2025, please refer to the Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (based on Japanese GAAP) announced today.
   For the year-end dividend for the fiscal year ended March 31, 2024, please also refer to Notification of Cash Dividends from Retained Earnings (Increase in dividends) announced today.

AZBIL CORPORATION TOKYO BLDG., 2-7-3, MARUNOUCHI, CHIYODA-KU, TOKYO 100-6419 JAPAN