Nabtesco Corporation hereby announced that it has passed a resolution on its reorganization of Headquarters as of January 1, 2023 at its Board of Directors' meeting held on November 30, 2022, as detailed below. Reorganization of Headquarters (as of January 1, 2023): The Technology and R&D Division will be reorganized to realize the creation of new products and businesses. Establish the Innovation Strategy Division.

Reason for Reorganization: In order to realize the innovations set forth in the Medium-Term Management Plan, the Company reviewed the organization of the Technology and R&D Division for each function and establish the Innovation Strategy Division for the purpose of strongly promoting DX (Digital Transformation) and CVC.