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May 8, 2026

Fujifilm Announces Approval of “SAVYSCUS® Injection” in Japan

FUJIFILM Corporation (President and CEO, Representative Director: Teiichi Goto) announces that its group company, FUJIFILM Toyama Chemical Co., Ltd. (President: Mitsuhiro Sato), has received manufacturing and marketing approval in Japan for SAVYSCUS® Injection, a regenerative medical product. It is indicated for meniscal injuries for which meniscectomy is considered appropriate and is the first regenerative medical product approved in Japan*1 for meniscal injury under the Pharmaceutical and Medical Device Act. SAVYSCUS® Injection is composed of autologous synovial mesenchymal stem cells that are isolated and expanded from synovial tissue harvested from the patient’s own knee joint. Traditionally, approximately half of meniscal injuries have been considered indications for meniscectomy, in which the damaged portion of the meniscus is removed. While this procedure may alleviate symptoms, it has been reported that removal of the meniscus may increase the long-term risk of progression of knee osteoarthritis*2. As a result, there has been growing interest in treatment strategies that emphasize preservation of the meniscus in orthopedic practice. With this approval, SAVYSCUS® Injection provides a new treatment option as a regenerative medical product for patients with meniscal injuries for whom meniscectomy would otherwise be considered, in line with meniscus-preserving treatment concepts. The approval was based on the results of a feasibility clinical trial, which is led by Professor Ichiro Sekiya, Director of the Center for Stem Cell and Regenerative Medicine, Institute of Science Tokyo, and a pivotal Phase III clinical trial. FUJIFILM Toyama Chemical submitted the application for manufacturing and marketing approval on May 13, 2025, which has now been approved. The Phase III study was a single-arm, multicenter clinical trial enrolling 19 patients with meniscal injuries indicated for meniscectomy. The primary endpoint was the change in the Lysholm knee score*3 from screening to 52 weeks after administration. Additionally, to objectively assess the repair of meniscal lesions before and after administration, arthroscopic evaluation by an independent expert was conducted at week 52 post-administration as secondary endpoint. Furthermore, follow-up MRI evaluations were performed up to 104 weeks after administration. In the orthopedic field related to knee joint disorders, Fujifilm also provides a knee joint analysis software application as part of its 3D image analysis system, SYNAPSEVINCENT.® 4 This software has been utilized in epidemiological studies on knee osteoarthritis, such as the Kanagawa Knee Study and its longitudinal follow-up study 5. This software is expected to contribute to the diagnosis of knee osteoarthritis and meniscal injuries, which is considered early-stage pathology of knee osteoarthritis. The name SAVYSCUS® Injection is derived from the internationally recognized concept “Save the Meniscus,” reflecting the philosophy of meniscus preservation. Through SAVYSCUS® Injection, the Fujifilm Group aims to provide new treatment options for meniscal injury and to contribute to improving and maintaining human health by offering a broad range of orthopedic solutions spanning prevention, diagnosis, and treatment. *1 SAVYSCUS® Injection is the first regenerative medical product approved in Japan for meniscal injury under the Pharmaceutical and Medical Device Act. *2 A condition characterized by cartilage degeneration, affecting an estimated over 20 million people in Japan. *3 A validated scoring system widely used to assess knee symptoms and function, particularly suited for meniscal disorders. *4 SYNAPSE VINCENT® refers to the following medical device: Certification No. 22000BZX00238000 *5 Led by Professor Ichiro Sekiya, Director of Center for Stem Cell and Regenerative Medicine, Institute of Science Tokyo, with the cooperation of Kanagawa Prefecture. About Meniscal Injury The meniscus is a C-shaped fibrocartilaginous tissue in the knee joint that plays a critical role in shock absorption, load distribution, and joint stability. Meniscal injuries may occur as a result of aging-related degeneration or sports-related trauma, and are commonly associated with symptoms such as pain, swelling, catching or locking sensation, and instability during knee movement. Treatment options for meniscal injury include conservative management, meniscal repair, and meniscectomy (partial removal of the meniscus). Because meniscal repair is applicable only to limited injury patterns and locations, meniscectomy is frequently selected for injuries that are unlikely to heal with repair, accounting for approximately half of all meniscal surgeries performed in Japan. Although meniscectomy can provide symptomatic relief, loss of the meniscal tissue increases mechanical stress on the articular cartilage and has been reported to elevate the long-term risk of progression to knee osteoarthritis. As osteoarthritis progresses, some patients may ultimately require more invasive procedures, such as total knee arthroplasty. In Japan, approximately 50,000 meniscal surgeries are performed annually, with around half involving meniscectomy, while this number increases to 60% in patients over 40 years old. Synovial Mesenchymal Stem Cell-Based Technology for “SAVYSCUS® Injection” SAVYSCUS® Injection incorporates synovial mesenchymal stem cell-based technology developed by Professor Ichiro Sekiya, Director of the Center for Stem Cell and Regenerative Medicine, Institute of Science Tokyo. The therapy involves intra-articular administration of a suspension of cultured autologous synovial mesenchymal stem cells using a minimally invasive arthroscopic procedure. This approach is intended to align with treatment strategies aimed at meniscus preservation in patients with meniscal injuries for whom meniscectomy would otherwise be considered. Fujifilm and the Institute of Science Tokyo have jointly conducted research on the treatment of meniscal injury using this technology. These research activities were carried out under projects supported by the Japan Agency for Medical Research and Development (AMED) 6, including the feasibility clinical trial 7 aimed at clinical implementation. *6 “Practical Application of Regenerative Medicine for Knee Osteoarthritis (Cartilage and Meniscus) Using Synovial Stem Cells” (Supported period: Fiscal Years 2015–2017) *7 “Physician-Initiated Clinical Trial of Autologous Synovial Stem Cells for the Treatment of Meniscal Injury” (Supported period: Fiscal Years 2018–2019) About the Phase III Clinical Trial FUJIFILM Toyama Chemical designed and conducted the pivotal Phase III clinical trial based on the results of the preceding feasibility clinical trial. This study was initiated in January 2023 to evaluate the efficacy and safety of SAVYSCUS® Injection in patients with meniscal injuries indicated for meniscectomy. This was a single-arm, multicenter clinical trial enrolling 19 patients, including those with suspected flap tears, who had not achieved improvement following at least three months of conservative treatment. The primary endpoint was the change in Lysholm knee score from screening to 52 weeks after administration. As a result, the Lysholm knee score (mean ± standard deviation) at screening was 38.1 ± 8.9, and at 52 weeks after the end of treatment, it was 91.6 ± 8.2; the change in the Lisholm knee score (least squares mean [95% confidence interval]) was 53.5 [48.7, 58.2], and a statistically significant difference was observed for this clinically meaningful change. Subsequently, the change in the Lisholm knee score at week 104 was 57.8 [54.4, 61.2], indicating that the improvement in meniscal function and symptoms observed at week 52 was maintained. Secondary endpoints included arthroscopic image assessments by independent experts at 52 weeks, as well as longitudinal MRI evaluations by independent experts up to 104 weeks after administration. Based on arthroscopic image assessment, complete healing in the central region of the meniscus — an avascular zone where spontaneous healing is not expected — was observed in 35.7% of patients with flap tears (5 of 14 patients*8). In addition, based on MRI evaluation, improvement was observed in 73.7% of all patients (14 of 19 patients). During the follow-up period, no reoperation related to meniscal re-tear was reported, and no adverse events with a causal relationship to the product were identified. *8 In one case, arthroscopy at 52 weeks post-administration was not performed due to the occurrence of an adverse event. Please note: non-content items such as media contact details and dateline have been omitted.

May 8, 2026

Coronation Square Mall breaks ground in Johor Bahru, marking major milestone in city centre transformation

A major milestone was achieved today with the groundbreaking of Coronation Square Mall and two residential blocks, part of Phase 2 of Coronation Square. The landmark integrated development is set to transform Johor Bahru city centre into a vibrant regional destination. The ceremony was graced by distinguished guests including YAB Dato' Onn Hafiz bin Ghazi, Menteri Besar of Johor and Mr Ng Kuan Khai, Singapore’s Consul‑General to Johor Bahru. Strategically located in the city centre of Johor Bahru, Coronation Square will have direct connectivity to the upcoming Johor Bahru – Singapore Rapid Transit System (RTS). This seamless link between Malaysia and Singapore is expected to significantly enhance cross‑border mobility, positioning the development as a key gateway for business, lifestyle and investment. The development will feature Johor Bahru city centre’s largest retail mall, complemented by residential, hospitality, medical and commercial components. Designed to serve both local communities and the growing visitor population, the development is supported by strong infrastructure and accessibility. A New Retail and Lifestyle Destination Themed “Coronation Square – Where the World Meets Johor”, the mall is positioned as a premium lifestyle destination, underpinned by strong cross‑border connectivity, scale and integration within the wider development. It will bring together a curated mix of retail and brands from Malaysia, Singapore, the region and beyond, creating a truly international lifestyle destination. The mall will offer a day‑to‑night experience anchored by a marketplace grocer, a diverse dining landscape, and experiential offerings. Complementing these are family‑friendly attractions and wellness offerings designed to serve cross‑border tourists, residential communities and office crowds. Key highlights include: Air‑conditioned Pedestrian Overhead Bridge (POB) from Coronation Square to RTS Station POB from Persada Johor to Bangunan Sultan Iskandar customs, immigration and quarantine (CIQ) complex Integrated access via internal spine roads and surrounding flyovers Significant parking infrastructure, including park‑and‑ride facilities Strategic location within the Johor‑Singapore Special Economic Zone (JS‑SEZ) growth corridor With the JS‑SEZ expected to drive new investments, talent inflows and business activity, Coronation Square is well‑placed to capture both domestic demand and visitor traffic, creating a strong platform for regional and international retailers. Developers' Vision Datuk Patrick Lim, Managing Director of Coronade Properties , said: "Today’s groundbreaking marks the next phase of our vision to shape Johor Bahru into a connected and vibrant city centre. Coronation Square is designed as a ‘city within a city’, bringing together infrastructure, businesses and community within one integrated development. As we move into Phase 2 with Coronation Square Mall, we are building more than just retail. We are creating an ecosystem that supports businesses, creates jobs and serves the daily needs of the community.” Facilitating Regional Retail Expansion On the sidelines of the groundbreaking ceremony, Singapore Retailers Association (SRA) and CapitaLand Investment (CLI) signed a Memorandum of Understanding (MoU) to support Singapore retailers expanding into Johor Bahru. Under this collaboration, both parties will work together to facilitate market entry opportunities, pilot retail concepts such as pop‑ups, and organise knowledge‑sharing sessions to provide retailers with deeper insights into Johor Bahru’s consumer landscape. Vivien Lim, Vice President, SRA , said, “Johor Bahru has emerged as one of the most accessible and promising markets for Singapore retailers looking to expand regionally. Through this collaboration with CLI, we aim to ensure our members are well‑positioned to seize these opportunities with the right market insights and support.” Tan Mui Neo, Managing Director, Retail Management, Commercial Management (Singapore), CLI, added, “As Singapore’s largest mall operator with established retail platforms across Malaysia and China, CLI brings both regional scale and local expertise to this partnership. We are well‑placed to bring together quality brands from across the region, and Coronation Square’s “Where the World Meets Johor” positioning reflects this ambition. Through this MoU with SRA, we hope to take some of the uncertainty out of regional expansion, connecting retailers with the right market insights, opportunities and partners on the ground.” Driving Industry Collaboration CLI has been appointed as the retail advisor for Coronation Square Mall, bringing extensive experience from managing more than 70 malls across Singapore, Malaysia and China. The Ascott Limited, CLI’s wholly owned lodging business unit with a presence in over 40 countries, will manage the hotel component at Coronation Square under its flagship Ascott brand, marking the brand’s debut in Johor Bahru as part of a landmark hospitality collaboration within the JS‑SEZ. As the developer, Coronade Properties plays a central role in bringing together key stakeholders across the retail ecosystem, including retailers and institutional partners, to create meaningful opportunities for brands entering the Johor market. In line with the MoU’s focus on market engagement, a fireside chat was held during the event with invited Singapore‑based retailers. The session was moderated by Ervin Yeo, CEO, Commercial Management, CLI, and featured industry perspectives from YB Dato Haji Hasni Mohammad, Economic and Investment Advisor to the Johor State; Tuan Haji Natazha Hariss, Chief Executive, Invest Johor; Musa Fazal, Chief Policy and Operating Officer, Singapore Business Federation; Stephen Sing, Executive Director, SRA; and Datuk Patrick Lim, Managing Director, Coronade Properties Sdn Bhd. The discussion gave retailers a first‑hand look at the opportunities and consumer landscape in Johor Bahru, as well as in‑depth market information that SRA and CLI aim to make more accessible to Singapore retailers through this collaboration. Positioning Johor Bahru for the Next Phase of Growth The groundbreaking of Coronation Square comes at a pivotal moment as infrastructure improvements and cross‑border initiatives continue to strengthen Johor Bahru’s position within the Malaysia – Singapore corridor. The development is poised to play a key role in shaping the city’s next phase of growth as a connected and vibrant regional destination. Download(s) News Release Download the PDF

May 7, 2026

Public Company

Science Over Hype: JD Health’s New Standard for Smarter Supplement Shopping

In the rapidly evolving and increasingly popular health and wellness landscape, JD Health is setting a new benchmark built on three core pillars: professionalism, rigor, and safety. In response to a marketplace often clouded by anecdotal trends and information gaps, JD Health is moving beyond traditional quality checks to provide a more definitive framework for efficacy and trust. On April 3, JD Health officially pioneered the industry’s first “Science-Based Evidence” (SBE) Nutrition Certification. Developed specifically for JD Health’s first-party (1P) model—where the platform directly manages its own self-operated product inventory—this initiative marks a strategic shift from conventional retail toward a high-standard, evidence-led ecosystem. Here is how JD Health is integrating scientific rigor across its entire value chain to reshape the future of wellness retail. Vetting with Precision: The 1P Advantage The foundation of JD Health’s quality assurance lies in its robust first-party (1P) supply chain. By maintaining direct, deep-rooted partnerships with official brands, the platform ensures authenticity at the source. JD Health’s procurement teams visit research centers and production facilities of nutrition brands. This allows for a firsthand evaluation of R&D capabilities, clinical evidence, and manufacturing integrity, ensuring that only products meeting elite internal standards enter the self-operated inventory. Global Sourcing with Local Oversight To meet the rising demand for international health solutions, JD Health has built a sophisticated cross-border quality control network. Leveraging overseas local teams and a dual-track supply chain of multilingual buyers, the platform uses a “Direct Sourcing” model that now spans key markets in Asia, Oceania, the Americas, and Europe. By identifying high-potential products in specialized segments—such as bone health, cardiovascular care, and advanced vitamin formulations—JD Health provides a secure gateway for consumers to access cutting-edge global supplements with confidence. A Science-Backed Framework Across 17 Categories JD Health has established the “JD Good Nutrition” standard, an expansive system currently covering 17 core categories, including protein powders, fish oils, and probiotics for both adults and children. The new SBE certification adds a critical layer of scientific validation to this framework. All certified products must pass rigorous third-party laboratory testing before listing and are subject to continuous monitoring through spot checks and quarterly audits. Furthermore, JD Health’s experts verify efficacy by cross-referencing clinical research from leading global journals and authoritative medical reports. Human Expertise Meets AI Empowerment To solve the “paradox of choice” where consumers struggle to know what to buy or how to use it, JD Health has introduced a comprehensive professional service matrix. Customers have 24/7 access to certified nutritionists for real-time consultation via the JD.com app. This human expertise is amplified by “Citrus”, JD Health’s own medical large language model. By tapping into a vast library of evidence-based nutrition data, this AI-powered assistant has already supported over 20 million interactions, offering personalized nutrition plans and data-driven product comparisons tailored to individual health profiles. The launch of the SBE certification is a cornerstone of JD Health’s long-term strategy to professionalize the wellness sector. By doubling down on scientific rigor within its self-operated category, JD Health is simplifying the decision-making process for millions of families while providing a high-caliber platform for global brand partners. As a healthcare industry leader, JD Health remains dedicated to pushing the boundaries of quality and expertise, ensuring that the future of health consumption is defined by transparency and scientific integrity.

May 7, 2026

AirAsia X (AirAsia Group) makes history with record order for 150 Airbus A220s, with options for another 150; Debuts as launch customer for new 160-Seat configuration

AirAsia X Berhad (AAX/ AirAsia Group*) has reached a historical milestone in its fleet expansion journey, announcing a firm agreement with Airbus valued at approximately USD19 billion at list prices for 150 Airbus A220-300 aircraft, with the strategic flexibility to upsize the commitment to 300 of the A220 Aircraft Family to meet future demand. This landmark agreement represents the single largest firm order for the A220 type placed by any airline globally. The move signals a decisive shift in AirAsia’s future fleet strategy, prioritising operational discipline and margin protection in an evolving global market. Photo Caption: (L-R) Lars Wagner, Chief Executive Officer of Airbus Commercial Aircraft; The Hon. Christine Frechette, Premier of Quebec; Tan Sri Tony Fernandes, Chief Executive Officer of Capital A and Advisor to AirAsia X; The Right Hon. Mark Carney, Prime Minister of Canada and The Hon. Melanie Joly, Minister of Industry, Minister responsible for Canada Economic Development for Quebec Regions at a ceremony at the Airbus facility in Mirabel, Canada. The order was officially announced at a ceremony at the Airbus facility in Mirabel, Canada, attended by Tan Sri Tony Fernandes, Chief Executive Officer of Capital A and Lars Wagner, Chief Executive Officer of Airbus Commercial Aircraft. The event was held in the presence of the Right Honourable Mark Carney, Prime Minister of Canada, and The Honourable Christine Frechette, Premier of Quebec. With this order, AirAsia makes history as the global launch customer for the high-density, 160-seat configuration. This variant will serve as the Group’s next-generation efficiency workhorse, providing immediate right-sizing capacity required to optimise margins on mid-density routes. The A220 is a highly scalable product, offering a seamless path to the future A220-500 variant to meet evolving capacity needs and successor to the aging A320s in the similar capacity range of 180+ seats. Powered by state-of-the-art engine technology, it is among the most efficient aircraft in its class, offering an optimal balance of range and capacity. It is approximately 20% more fuel efficient and produces about 20% less emissions compared to the A320ceo. The A220 is a natural strategic fit within the Group’s multi-gauge fleet. It will provide the flexibility to easily meet demand, allowing AirAsia to aggressively increase flight frequencies on existing routes, giving guests the convenience of multiple daily departures and better connectivity windows, supporting Fly-Thru traffic. Furthermore, the A220’s capacity means it can reach profitability with fewer passengers than the larger narrowbody alternatives. This opens up smaller, high-growth markets and secondary hubs that were previously commercially unviable, advancing AirAsia’s mission to make the world smaller and ensuring everyone can fly. Commenting on the historic order, Bo Lingam, Group CEO of AirAsia Group said, “AirAsia has spent more than two decades making the world smaller. We built Malaysia into the world's top low-cost carrier hub, and we opened up air travel to millions of people across Asia who had never flown before. This plane gives us the ability to build the biggest and densest network, serving as a vital tool for efficiency. Its range of up to 7 hours opens up entirely new possibilities, and allows us to match right-sized capacity to demand and give our guests the flexibility to fly whenever they want through increased frequencies. We have democratised travel in Asia by opening up routes that were never feasible before, and now we are going to do it for the world.” Tony Fernandes, CEO of Capital A and Advisor to AirAsia Group added, “In an environment of high fuel prices and volatility, the answer is not to stand still, it’s to double down on efficiency. This aircraft materially improves our fuel burn and trip costs, strengthening our resilience regardless of where the cycle goes. We never waste a crisis at AirAsia- we make bold decisions at the right moment, not the easiest moment. This order reflects our long-term discipline and the scale of our ambitions. The A220 is the perfect tool for our next phase of growth, allowing us to build the world's first true low-cost network carrier. Beyond the airlines, this agreement strengthens the broader ecosystem we have built in Capital A, from cargo, MRO to digital businesses, and will create real jobs and opportunities in the markets we fly to. Our partnership with Airbus spans more than two decades and has been central to everything we have achieved. Today is another milestone in that journey, and there are many more to come.” Lars Wagner, CEO of Airbus Commercial Aircraft said, “The A220 will provide an optimal platform for AirAsia, combining low operating costs with the latest technology to maximise productivity and also open up new routes across Asia that were not feasible before. Everyone at Airbus has been pleased to work with AirAsia to finalise this new contract, which is fully aligned with the airline’s new network strategy.” Upon delivery from 2028, the aircraft will service destinations across Asean, and into Asia Pacific, freeing up larger A320s and A321s to mid-haul routes, and A330s to fly longer-haul routes into Europe, Australia and North America. *The name change from AirAsia X Berhad to AirAsia Group Berhad is subject to shareholder approval at the company's 19th Annual General Meeting and registration by the Companies Commission of Malaysia (CCM).

May 2, 2026

Revision of Operating Segments toward the Realization of the Medium-term Management Plan 2029

Mitsui & Co., Ltd. (Head Office: Tokyo; President and Chief Executive Officer: Kenichi Hori) will make changes to its operating segments effective April 1, 2026. Under this revision, the Digital & Infrastructure Solutions Segment and the Mobility Segment will be integrated into a single segment. The segment will be called the Mobility, Digital & Infrastructure Segment, in line with the organizational restructuring previously announced on January 15, 2026. This revision forms a part of our efforts to strengthen the organizational structure for the realization and execution of the Medium-term Management Plan 2029, announced on May 1, 2026, and is therefore being disclosed concurrently with the announcement of the Plan. Attachment Revision of Operating Segments (PDF 164KB) Related Release Release Organizational Restructuring in Preparation for the Next Medium-term Management Plan (Jan. 15, 2026)

May 1, 2026

Event Announcement

COLES BAKES A DIFFERENCE FOR AUSSIE VETERANS THIS ANZAC DAY

Coles is baking a difference for Aussie veterans this Anzac Day with its annual Anzac Day fundraising appeal for national military charity Bravery Trust. Funds raised will help veterans under financial pressure as Bravery Trust released its annual Impact Report which revealed the challenges Australian servicemen and women face upon transitioning to civilian life and beyond. The new report revealed: Demand from Australian Defence Force (ADF) current and ex-serving personnel seeking financial support and education from Bravery Trust increased by 77% over the past two years, with a six-fold increase in veterans seeking financial counselling since 2023. 55% of Bravery Trust’s beneficiaries are supporting children, meaning their support provides a safety net for the entire family unit, not just the individual. More than a quarter (26%) of veterans supported by Bravery Trust are battling both mental and physical health issues simultaneously. Before seeing Bravery Trust, only 20% of veterans had a household budget, with 94% having one after seeking help. Top requests for help from Aussie veterans were rent and bond, relocation, motor vehicle expenses and essential utility bills. Among the thousands of veterans Bravery Trust has supported since its inception is Sonya, who turned to Bravery Trust when unexpected bills left her with nowhere else to go. Sonya served both full-time and part-time in the Australian Army for over 16 years, beginning with a stint in the Army Reserves before embarking on several overseas deployments. A single mum for much of her career, she balanced postings, courses and time in the field while putting her children first. Medically discharged in 2012 and living with injuries that prevent her from working, Sonya first contacted Bravery Trust in 2020 for help when her council rates and home insurance fell due in the same week, and again in 2025 for assistance to fix her car so she could stay mobile. “When I first reached out to Bravery Trust, I was very hesitant - pride had a lot to do with that. But the Bravery Trust team made the whole process so easy, putting any fears I had at ease,” Sonya said. “On both occasions they helped me move forward, and I would encourage other veterans to pick up the phone and ask for help. Transitioning is hard, but with the support of friends and organisations like Bravery Trust, I’m now making the most of every moment, enjoying what’s out there.” Bravery Trust CEO Garth Callender encouraged Australians to get behind the campaign. “Our servicemen and women have already given up so much for our country, the least we can do is help them through their transition into civilian life,” he said. “Since 2012, Bravery Trust has distributed more than $8.4 million in direct payments to veterans and successfully negotiated more than $1.1 million in debt to be waived for clients.” “This is made possible with the support of our partners like Coles, and the generosity of their customers. Our partnership is more than just about raising funds. We are also encouraging Australians to start a conversation about veterans and finances by hosting an Anzac biscuit morning tea.” Coles Business Category Manager Bakery and current serving Army Reserve member Rory McDonald said Coles is honoured to continue backing Bravery Trust and Australian veterans. “At Coles, we have a proud history with the veteran community, dating back to our founder GJ Coles and his brothers’ involvement in the Great War,” he said. “More recently, we’ve raised more than $6.4 million for Bravery Trust to support veterans doing it tough. However, the need is ongoing, and we hope our customers can continue to help make a difference by supporting this year’s Bravery Trust appeal.” For media enquiries, please contact Coles Media Line (03) 9829 5250 or [email protected] or [email protected]

May 1, 2026

Business

"KAGURABACHI" Set for TV Anime Adaptation by Cypic in April 2027!

CyberAgent, Inc. (Head office: Shibuya-ku, Tokyo; President: Takahiro Yamauchi; TSE Prime Market: 4751), as a co-chief production partner with Shochiku Co., Ltd., is pleased to announce that anime adaptation of Takeru Hokazono's Kagurabachi will begin broadcasting and streaming in April 2027. The original manga is currently serialized in Shueisha's Weekly Shonen Jump and will surpass a cumulative circulation of 4 million copies (including digital editions) with the release of Volume 11 in Japan on Friday, May 1. A stellar team of creators has been assembled for the project. Production will be handled by CyberAgent group company animation studio, Cypic ( Umamusume: Cinderella Gray , The Summer Hikaru Died ). Tetsuya Takeuchi, known for his work on Sword Art Online II (Action Animation Director), Lycoris Recoil (Storyboards, Episode Director, Animation Director, Key Animation) and Heavenly Delusion (Battle Scene Storyboards, Episode Director, Animation Director), will direct the series. Keigo Sasaki, known for his work on Blue Exorcist , The Seven Deadly Sins , will serve as Character Designer. Furthermore, Taihi Kimura, winner of the 2025 Seiyu Awards for Best New Actor, has been cast as the story’s protagonist, Chihiro Rokuhira. The story follows Chihiro Rokuhira, a young man aspiring to become a swordsmith, who embarks on a path of revenge in a world engulfed with darkness. He seeks to reclaim his peaceful life and the six Enchanted Blades—swords of immense power capable of determining the fate of the nation—that were stolen by the mysterious sorcerer organization "Hishaku." Wielding the seventh Enchanted Blade, "Enten," left behind by his father, Chihiro turns his hatred into a flame of determination. Known for its uncompromising quality, animation studio Cypic brings the story to life with jaw-dropping visuals! To mark the announcement, a teaser visual and trailer have been released alongside a special commemorative illustration and comment from the original author, Takeru Hokazono, as well as comments from Director Tetsuya Takeuchi, Character Designer Keigo Sasaki, and lead voice actor Taihi Kimura, who voices the protagonist, Chihiro Rokuhira. Furthermore, the Kagurabachi World Tour has officially been confirmed. It will feature a screening of the first 20 minutes of Episode 1 and culminate in Japan with the world’s first full-length screening of Episode 1. Continuing to draw passionate attention from both domestic and international audiences, Kagurabachi is set to begin broadcasting and streaming globally in April 2027, in partnership with MUSE , and SMG HOLDINGS , among others. Introduction A single stroke opens a new era, cutting a path from Japan to the world— Weekly Shonen Jump 's Neo-Japanese Sword Action series begins here! From day one, the Kagurabachi manga has captivated fans, weaving a blood-soaked tale of revenge through breathtaking sword-fight sequences. And now, known for its uncompromising quality, animation studio Cypic brings the story to life with jaw-dropping visuals! Story Flames of resolve, kindled by hatred. Chihiro Rokuhira is a boy who aspires to become a swordsmith, and took daily training under his father Kunishige, a renowned swordsmith. Their days, once filled with laughter, are brutally torn apart by an attack from the mysterious sorcerer organization, the Hishaku. What is stolen from them are the six Enchanted Blades—swords of immense power capable of shaping the fate of the nation—and the gentle, warm life they once shared. From that day on, everything changed. In a world engulfed in darkness, Chihiro takes up Enten, the seventh Enchanted Blade left behind by his father, and sets out on a blood-soaked path of revenge. Teaser Visual & Trailer The newly released teaser visual captures Chihiro Rokuhira poised with his Enchanted Blade, fixing his gaze forward with fierce determination. In the background, three goldfish—Aka, Kuro, and Nishiki—dance through the air. The composition masterfully blends stillness and motion, signaling the beginning of an epic saga. The teaser trailer opens with the forge where swords are made, highlighting one of the series’ central themes: katana. Set in a Japan where modern landscapes and timeless Japanese aesthetics converge, the trailer vividly brings to life the opening of Chihiro’s revenge story. Its weighty atmosphere and palpable tension draw viewers into the singular world of Kagurabachi . View Teaser Trailer: https://youtu.be/pC39732i1bA ©Takeru Hokazono/SHUEISHA,Project Kagurabachi Cast & World Tour Information Rising star Taihi Kimura, winner of the 2025 Seiyu Awards for Best New Actor, has been cast as the story’s protagonist, Chihiro Rokuhira. The Kagurabachi World Tour is set to begin in summer 2026. As part of the tour, exclusive 20-minute preview screenings of Episode 1 will be held at venues across the world. The tour will culminate in Japan in spring 2027 with the first full-length screening of Episode 1 ahead of its official broadcast. Further details regarding dates and venues will be announced at a later date. Comments from Takeru Hokazono, Tetsuya Takeuchi, Keigo Sasaki, and Taihi Kimura Takeru Hokazono (Original Author) Profile: His first manga was the one-shot Enten , which won the 100th Tezuka Award in 2020 and was published in Jump GIGA’s Spring 2021 issue. He is currently serializing Kagurabachi in Shueisha’s Weekly Shonen Jump . ©Takeru Hokazono/SHUEISHA Comment from Takeru Hokazono: "You know the Rock Lee vs. Gaara fight in Naruto ? The manga version is great of course, but isn't the anime's version just incredibly cool? Well, the very person who brought that scene to life is our director! Woo! The staff is full of amazing people who really know the manga inside and out. I can't wait to see how the animation turns out! Definitely a must-watch!" Tetsuya Takeuchi (Director) Profile: His recent works include Sword Art Online II (Action Animation Director), Lycoris Recoil (Storyboards, Episode Director, Animation Director, Key Animation) and Heavenly Delusion (Battle Scene Storyboards, Episode Director, Animation Director), among others. Comment from Tetsuya Takeuchi: "Who would've thought that I'd be directing a popular Shonen Jump anime after working as a key animator on Naruto back when I was just a newbie... you really never know what life has in store. When you think of Kagurabachi , you think of swords! And more swords! Plus cool characters and intense drama! I'll work hard to capture all those elements and aim to make a show that both long-time fans of the manga and first-time viewers alike can enjoy! There's a lot of pressure!" Keigo Sasaki (Character Design) Profile: His recent works include Blue Exorcist and The Seven Deadly Sins , among others. Comment from Keigo Sasaki: “Hokazono-sensei's art style is really cool, and I couldn't wait to see his drawings come to life! I jumped into the design process with nothing but that feeling in mind, but it's been an uphill battle. It's hard... but when I manage to draw something well, it makes me that much happier! The staff and I are working hard every day, and I feel so lucky to be able to participate in this project. I'll do my absolute best so that everyone can enjoy the anime." Taihi Kimura (Voice of Chihiro Rokuhira) Profile: Affiliated with KEN PRODUCTION. Major roles include Takeshi Narihira in Yin-Yang Kaiten Re:Birth , Adam Krensh in The Beginning After the End , and Leo in TO BE HERO X , among others. Character Introduction of Chihiro Rokuhira A quiet boy who sets out on a journey to avenge his father, who was killed by the Hishaku, and to recover the six stolen Enchanted Blades. With the remaining seventh Enchanted Blade in hand, he walks a blood-soaked path. Comment from Taihi Kimura: “I’m Taihi Kimura, and I’ll be voicing Chihiro Rokuhira! I'm truly grateful for this opportunity to voice the protagonist of Kagurabachi —an incredible series loved by fans all over the world. A katana is forged and refined through the art of "tanren," gaining its ultimate strength through the repeated folding of steel. Chihiro is a quiet young man, but deep in his heart he carries a conviction as unyielding as a sword. I’m going to give this role my absolute all and pour my heart and soul into it so that Chihiro’s unwavering resolve truly resonates with everyone. Thank you for your support!” Follow & Repost Campaign Now Underway! To celebrate the announcement of the anime adaptation, a Follow & Repost campaign is currently running on the official X. Ten lucky winners will be selected by lottery to receive an exclusive teaser visual poster (not for sale). Be sure to check it out! *The design is subject to change. ©Takeru Hokazono/SHUEISHA,Project Kagurabachi About KAGURABACHI Broadcasting and Streaming information April 2027 MUSE, and SMG HOLDINGS, among others Staff Original Work: ” Kagurabachi ” by Takeru Hokazono (Serialized in Shueisha’s Weekly Shonen Jump ) Director: Tetsuya Takeuchi Character Design: Keigo Sasaki Production: Cypic Production Committee Leads: Shochiku & CyberAgent Cast Chihiro Rokuhira: Taihi Kimura Official Links - Official Website: https://anime.kagurabachi.jp/ - Official X: ＠kb_anime_en （ https://x.com/kb_anime_en ） - Official TikTok: @kb_anime_en （ https://www.tiktok.com/@kb_anime_en ） - Official Instagram: @kb_anime_en （ https://www.instagram.com/kb_anime_en/ ） ©Takeru Hokazono/SHUEISHA Original Work Title: Kagurabachi Author: Takeru Hokazono Previously Published: Available online on MANGA Plus by SHUEISHA (Chapters 1-17 are currently available for free until May 25 for a limited time) and published in print and digital by Viz Media (English Version).

May 1, 2026

Business

TOPPAN to Showcase Sustainable Packaging Synergies with Global Group Companies at interpack 2026

TOPPAN Inc. (TOPPAN), a TOPPAN Group company and wholly owned subsidiary of TOPPAN Holdings Inc. (TYO: 7911), will participate in interpack 2026 , the world's premier international packaging trade fair, to be held in Düsseldorf, Germany, from May 7 to 13. This year, TOPPAN will join forces with its key group companies: TOPPAN Packaging Czech s.r.o. (TCZ), a Czech-based barrier film production site; Toppan Speciality Films Private Limited (TSF), an India-based film specialist, and Irplast S.p.A., an Italian film and tape manufacturer that joined the TOPPAN Group in 2025. By fusing TOPPAN’s world-class barrier technologies with the high-quality base film manufacturing capabilities of TSF and Irplast, the group will showcase a comprehensive range of sustainable packaging solutions to the European and global markets. Background and Objectives As part of TOPPAN’s vision for the Group’s "Digital & Sustainable Transformation," the company is accelerating its global packaging business through local production for local consumption, to draw closer to achieving a circular economy. In Europe, a region at the forefront of environmental initiatives, TOPPAN is bolstering its supply chain by leveraging TCZ's local production of GL BARRIER1 (commenced late 2024) alongside the extensive film expertise of TSF and newly joined Irplast. At interpack 2026, the group will emphasize its ability to deliver high-performance, recycle-ready packaging that contributes to a circular economy. Main Solutions on Show High-Barrier Mono-material "GL BARRIER" TOPPAN will present mono-material versions of its proprietary GL BARRIER transparent film, which deliver high barrier performance equivalent to multi-material laminates while employing single-material compositions for easy recycling. These products now feature resistance to high-temperature retort sterilization, enabling long-term food preservation while maintaining excellent recyclability. The solutions will be supplied to European brand owners through TCZ’s local production capabilities. TSF High-Performance Film Solutions for Sustainable Packaging TSF will spotlight its next-generation portfolio of high-performance films, including retortable CPP (Cast Polypropylene), BOPE (Biaxially Oriented Polyethylene), ultra-high barrier (UHB), and high-seal strength (Hi-Seal) solutions. Designed to enable mono-material packaging structures, these films deliver strong performance across critical parameters making them suitable for demanding applications requiring both recyclability and high-speed processing. These solutions will support brand owners in transitioning from multi-material laminates to recyclable flexible packaging, contributing to the advancement of a circular economy. IRPLAST Range of Sustainable Films IRPLAST LOOPP and NOPP films are ISCC PLUS certified and made from post-consumer waste(PCW) and bio-circular feedstock2. These films are designed to replace fossil-based materials through a mass balance approach. They offer the same technical performance as standard films, while being suitable for food contact packaging, 100% recycle-ready, and ideal for high-performance flexible packaging applications. About interpack 2026 Dates: May 7 to 13, 2026 Venue: Messe Düsseldorf Organizer：Messe Düsseldorf GmbH　 Official website: https://www.interpack.com/ TOPPAN Group booth: Hall 10 / D44 1. GL BARRIER is TOPPAN’s proprietary brand of transparent film products that deliver world-class barrier performance. Stable performance is enabled by a multi-layer structure combining a unique coating layer with a high-quality vapor-deposited layer. In recognition of their numerous outstanding features, GL BARRIER products are used in a wide variety of fields, including the food, healthcare/pharmaceutical, and industrial materials sectors. Combining the functions of the printing and barrier substrate layers into a single layer provides an alternative to aluminum foil with a streamlined layer structure. https://www.toppan.com/en/living-industry/packaging/products/barrier_film/ 2. Irplast’s Sustainable Films: LOOPP and NOPP • LOOPP: Made using raw materials derived from the chemical recycling (pyrolysis) of post-consumer waste (PCW). It maintains the same mechanical, physical, and optical properties as virgin material. • NOPP: Made using bio-based feedstocks such as used cooking oil or tall oil (a by-product of the wood industry) that do not compete with the food chain. These films allow customers to contribute to the circular economy by guaranteeing the same performance and behavior on packaging machines as standard virgin materials. About the TOPPAN Group Established in Tokyo in 1900, the TOPPAN Group is a leading and diversified global provider committed to delivering sustainable, integrated solutions in fields including printing, communications, security, packaging, décor materials, electronics, and digital transformation. The TOPPAN Group’s global team of more than 50,000 employees offers optimal solutions enabled by industry-leading expertise and technologies to address the diverse challenges of every business sector and society and contribute to the achievement of shared sustainability goals. https://www.holdings.toppan.com/en/ https://www.linkedin.com/company/toppan/

May 1, 2026

Business

T.M.G. Challenged Plus TOPPAN’s Junichi Yoshida Selected to Represent Japan at the 11th International Abilympics

Junichi Yoshida, an employee of T.M.G. Challenged Plus TOPPAN Inc. (T.M.G. Challenged Plus TOPPAN), a special subsidiary1 of TOPPAN Holdings Inc. (TYO: 7911), has been selected to represent Japan at the 11th International Abilympics to be held May 10-13, 2027. He will compete in the Creating Web Pages skill. The International Abilympics is a vocational skills competition for persons with disabilities, featuring participants from 52 member countries and regions. Held approximately every four years, the event aims to hone the vocational skills of participants while fostering deeper understanding within the business community and society to promote the employment of people with disabilities. Yoshida’s Background to Competing at the International Abilympics As part of its diversity and inclusion efforts, the TOPPAN Group takes active measures to provide workplace environments where anyone can excel in their own way regardless of disabilities and actively promotes the employment of people with disabilities. Since establishing T.M.G. Challenged Plus TOPPAN in 1993, the entire TOPPAN Group has continuously collaborated on developing new businesses to support people with disabilities as well as their long-term employment. Junichi Yoshida works creating websites at T.M.G. Challenged Plus TOPPAN’s Universal Research Institute2. Utilizing the high level of expertise and experience accrued through his daily work, Yoshida competed in and won gold in the Creating Web Pages skill (event) at the 45th Japan Abilympics, held in October 2025. This secured him a place at the International Abilympics. Junichi Yoshida Profile Skill/Event：Creating Web Pages Year of Birth: 1974 Hometown: Niigata City Message from Junichi Yoshida “Since joining TOPPAN Inc. in 2006, I have been involved in system design, development, quality control, and internal infrastructure management across various fields. After transferring to T.M.G. Challenged Plus TOPPAN in 2019, I have focused on website production in a number of capacities. I conduct web accessibility3 audits to ensure websites are inclusive for everyone, including people with disabilities and the elderly. I also create content for 'Rakuyuku,' a barrier-free information site. When it comes to the International Abilympics, I am proud to be an employee of the TOPPAN Group and I hope that by pushing my own limits, I can bring courage and hope to others.” International Abilympics Overview T.M.G. Challenged Plus TOPPAN T.M.G. Challenged Plus TOPPAN was established in June 1993 as a "Model Enterprise for the Employment of Persons with Severe Disabilities," through a joint investment by TOPPAN Holdings Inc., the Tokyo Metropolitan Government, and Itabashi City. Based on the principle of normalization, the mission is to provide a vibrant workplace where people with disabilities can fully demonstrate their capabilities within the local community. The TOPPAN Group remains committed to building an environment where diverse talent can thrive and reach full potential, working towards a society where everyone can be themselves and succeed, regardless of having a disability. 1 Special Subsidiary Company: A subsidiary established to promote the employment of people with disabilities. Under the Act on Employment Promotion etc. of Persons with Disabilities, these companies must meet specific requirements and be officially certified by the Minister of Health, Labor and Welfare. 2 T.M.G. Challenged Plus TOPPAN Universal Research Institute: Drawing on nearly 30 years of experience working alongside people with disabilities, T.M.G. Challenged Plus TOPPAN established the Universal Research Institute to provide consulting services and information resources. In addition to web accessibility audits, universal design consulting, and interviews/surveys with the disability community, the institute plans and operates "Rakuyuku." This barrier-free information site serves as a dedicated media platform created by and for people with disabilities. Universal Research Institute: https://www.toppan-tpt.co.jp/business/84/ (in Japanese) Rakuyuku : https://rakuyuku.com/ (in Japanese) 3 Web Accessibility: The practice of ensuring that all people, including the elderly and persons with disabilities, can access and use website information without barriers, regardless of their age, physical limitations, or technological environment. About the TOPPAN Group Established in Tokyo in 1900, the TOPPAN Group is a leading and diversified global provider committed to delivering sustainable, integrated solutions in fields including printing, communications, security, packaging, décor materials, electronics, and digital transformation. The TOPPAN Group’s global team of more than 50,000 employees offers optimal solutions enabled by industry-leading expertise and technologies to address the diverse challenges of every business sector and society and contribute to the achievement of shared sustainability goals. https://www.holdings.toppan.com/en/ https://www.linkedin.com/company/toppan/

May 1, 2026

Business

SoftBank Corp. and TOPPAN Holdings Develop Lightweight, Durable Skin for Solar HAPS Aircraft Wings

SoftBank Corp. (TYO: 9434) (President & CEO: Junichi Miyakawa, “SoftBank”) and TOPPAN Holdings Inc. (TYO: 7911) (President & COO: Satoshi Oya, “TOPPAN Holdings”) jointly developed a lightweight, durable skin for use on solar High-Altitude Platform Station (HAPS) aircraft wings and devised a testing method that replicates the stratosphere’s environment. Test production will go forward, and the aircraft wing skin is planned for use with HTA-type1 HAPS, which SoftBank plans to deploy for commercial services from 2029 onwards. This jointly developed HAPS aircraft wing skin and test method that reproduces stratospheric conditions were made possible by combining SoftBank’s HAPS expertise and TOPPAN Holdings’ know-how accrued over years of creating advanced multi-layered film technology designed for packaging and construction materials. TOPPAN Holdings also leveraged its proprietary technology that evaluates weather resistance. This joint development mitigates film damage (degradation) caused by strong ultraviolet (UV) rays and ultra-low temperatures of almost -100°C. As a result, the aircraft can stay in the stratosphere for longer periods. Image of skin structure for HAPS aircraft wings Development Background HAPS, also referred to as “base stations in the sky,” provide communication services from uncrewed aircraft that remain airborne in the stratosphere. Being able to keep an aircraft with a communications payload airborne for extended periods of time would make it possible to provide an alternative means of communications in the aftermath of large-scale natural disasters, as well as provide communication services to under-connected areas, such as mountainous regions and remote islands. As these platforms operate from the stratosphere at an altitude of approximately 20 km above, they offer wider-area coverage than base stations on the ground, while also providing high-quality, high-volume, low-latency communications superior to satellite-based communications. However, at this altitude in the stratosphere, UV ray and ozone exposure is far greater than at ground level, and with exposure to extremely cold temperatures that sometimes drop to almost -100℃, impaired efficacy due to these environmental factors had been a serious issue with conventional all-purpose skins. Responding to this challenge, SoftBank and TOPPAN Holdings jointly developed a new ultra-lightweight, high-durability skin for aircraft wings capable of withstanding the harsh conditions of the stratosphere, along with a specialized methodology for its evaluation. Wing Skin & Evaluation Method Characteristics 1. Use of impact-resistant advanced resin and proprietary structure to achieve both lightweighting and safety Leveraging converting technology2 developed for packaging by TOPPAN Holdings, an optimized skin structure was achieved by precisely layering original materials and impact-resistant advanced resin suitable for use at extremely low temperature conditions. The resulting skin weighs the same as or less than average conventional all-purpose skin, and even if damage to the skin were to occur, the break-resistant design keeps damage from spreading, allowing for both a safe and lighter HAPS airframe. 2. Advanced durability to address harsh stratospheric conditions SoftBank has contributed real-world data from its stratospheric HAPS flights, including actual temperature measurements and deep ultraviolet (UV-C) ray exposure conditions, and has also defined requirements such as weight reduction and other performance criteria. This has enabled TOPPAN Holdings to design a skin that addresses exposure to the harsh environmental conditions of the stratosphere by applying technology developed for construction materials. These conditions particular to the stratosphere include everything from extremely low temperatures (approximately -50℃ to -95℃) to extreme heat (approximately 100℃) from direct sunlight. The skin is also resistant to short wave UV-C and high-concentration ozone (10-20 ppm, parts per million) exposure that are far stronger than at ground level. This durability will allow for extended HAPS operation periods. 3. Establishing a testing method that simulates stratospheric conditions to ensure reliability TOPPAN Holdings leveraged its knowledge of packaging film testing and accelerated durability testing of construction materials, to construct a new test environment that assesses the skin under a simulation of the ultralow temperatures of the stratosphere, while also facilitating the testing of simultaneous exposure from short wave UV rays and the ozone. By using this test environment, it is possible to understand the detailed mechanisms of deterioration particular to the stratosphere and to use that knowledge for improved product design. This understanding and design adjustment makes it possible to carry out a more precise and more reliable evaluation compared to former testing methods. Roles of Both Companies SoftBank Provide expertise required to evaluate the suitability of the skin as well as expertise on HAPS operations Supervision of advancing use with HAPS aircraft and transferring advances to practical application TOPPAN Holdings Develop and provide skin material suitable for HAPS aircraft Proposal for evaluation method in stratospheric environment Future Developments SoftBank and TOPPAN Holdings will proceed with research to make the skin material developed within the scope of this project even lighter and stronger by fiscal 2027 (the year ending March 31, 2028). Additionally, while evaluating durability in the stratosphere, both companies will also attempt to establish mass production technology capable of ensuring sufficient supply and reliable quality by fiscal 2028. Also, based on testing outcomes, additional functions will be added, and the skin is expected to be used by SoftBank on HTA-type HAPS aircraft that provide commercial services, planned for launch from 2029 onwards. Both companies also plan to apply this skin to other fields that require a high level of durability. 1 HTA (Heavier-Than-Air) refers to HAPS that remain airborne by generating aerodynamic lift, similar to conventional aircraft. 2 Converting technology is the process of transforming materials like film into high-function final products through specialized processing such as printing and lamination. About SoftBank Corp. Guided by the SoftBank Group's corporate philosophy, "Information Revolution – Happiness for everyone," SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is expanding into non-telecom fields in line with its "Beyond Carrier" growth strategy while further growing its telecom business by harnessing the power of 5G/6G, IoT, Digital Twin and Non-Terrestrial Network (NTN) solutions, including High Altitude Platform Station (HAPS)-based stratospheric telecommunications. While constructing AI data centers and developing homegrown LLMs specialized for the Japanese language, SoftBank is integrating AI with radio access networks (AI-RAN), with the aim of becoming a provider of next-generation social infrastructure. https://www.softbank.jp/en/corp/ About the TOPPAN Group Established in Tokyo in 1900, the TOPPAN Group is a leading and diversified global provider committed to delivering sustainable, integrated solutions in fields including printing, communications, security, packaging, décor materials, electronics, and digital transformation. The TOPPAN Group’s global team of more than 50,000 employees offers optimal solutions enabled by industry-leading expertise and technologies to address the diverse challenges of every business sector and society and contribute to the achievement of shared sustainability goals. https://www.holdings.toppan.com/en/ https://www.linkedin.com/company/toppan/

May 1, 2026

Business

Gas Malaysia, Greenergy to Explore Biomass Steam Projects in Malaysia as Industries Weigh Lower-carbon Options

Gas Malaysia Berhad (“Gas Malaysia”), a member of MMC Group, and Wasco Greenergy Berhad (“Greenergy”) have signed a Memorandum of Understanding (“MoU”) to conduct a joint feasibility study on biomass-fired steam systems for industrial applications across Peninsular Malaysia. The collaboration will assess the viability of both on-site and centralised biomass steam systems, including hybrid configurations combining biomass and natural gas, to enhance cost efficiency and support the transition to lower-carbon industrial energy use. The study will focus on understanding industrial demand, identifying potential project locations, evaluating feedstock supply readiness, project configurations and business models to support scalable deployment for industrial customers. “Industrial customers are increasingly seeking energy solutions that balance reliability, cost and sustainability. This partnership enables us to evaluate how biomass can complement our existing offerings while supporting Malaysia’s energy transition agenda,” said Azli Mohamed, President and Group Chief Executive Officer of Gas Malaysia Berhad. Under the MoU, Gas Malaysia and Greenergy will jointly explore biomass-based steam solutions for industrial customers, leveraging their combined commercial, infrastructure and technical expertise to assess viable deployment strategies. “Decarbonising industrial heat requires solutions that are both technically viable and commercially scalable. This collaboration allows us to rigorously assess where biomass can be deployed at scale, alongside existing energy systems, to deliver practical and competitive outcomes for industrial users,” said Lee Yee Chong, Chief Executive Officer of Wasco Greenergy Berhad. This initiative aligns with Gas Malaysia’s long‐term growth strategy, which focuses on strengthening its core business while advancing value‐added and lower‐carbon energy solutions to meet evolving customer needs and national energy transition goals. At the same time, it reflects Greenergy’s post-IPO strategy to enhance earnings resilience and build on sustainable business through an asset ownership model, delivering reliable and low-carbon energy solutions to industrial users at scale. The collaboration also reflects broader regional trends, as industries across Southeast Asia evaluate alternative energy sources to meet decarbonisation targets. Malaysia, one of the world’s largest palm oil producers, generates substantial volumes of agricultural waste that can be converted into biomass fuel, positioning it as a viable low-carbon energy.

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