Ryoyo Electro Corporation and Ryosan Company, Limited announced that their respective boards of directors adopted resolutions to reach a basic agreement in order to realize the integration of their management ("Management Integration") at their respective board of directors' meetings held on May 15, 2023, and the Companies entered into a memorandum of understanding ("MOU") in connection therewith. Background and purpose of the Management Integration. Ryoyo Electro is an electronics trading company selling "semiconductors and devices" and offering "ICT and solutions" in its business domain.

Ryoyo Electro sells products and provides associated services to electronic equipment manufacturers and users in Japan and overseas. It endeavors to realize its vision of becoming "a company that provides the best solutions for customers' issues and problems in a faster and better manner than anyone else". By leveraging its wide range of upstream and downstream contacts in the supply chain and taking advantage of the market needs, as obtained from end users, Ryoyo Electro expands its relationships with upstream electronics manufacturers; also, by creating unique solutions that combine product, technology and services, it is developing a business model that circulates information and value throughout the supply chain.

Ryosan is a trading company specializing in the sale of semiconductor and electronic components in its device business and IT equipment in its solutions business. It sells products, such as electronic equipment, to manufacturers in Japan and overseas. Ryosan aims to become a " company that creates confidence and the best fit for society in the electronics domain." It positioned the innovation of its business model, supplier networks and sales channels as pillars of growth.

Ryoyo Electro is proceeding with the "promotion of the diversification of its portfolio" through extensive commercial rights acquisitions and channel reform, "deepening its local businesses in the G.