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Elith Establishes Coconala Elith, a Joint Venture with Coconala

Elith and Coconala established Coconala Elith on November 1, 2026. Combining Elith’s AI R&D and product development capabilities with Coconala’s corporate customer base and sales capabilities, the joint venture will plan, develop and sell AI security products and services built on the GENFLUX series.

Elith Inc.

Elith Inc. (headquarters: Bunkyo-ku, Tokyo; Representative Director and CEO: Koki Inoue; hereinafter “Elith”) announces that, as disclosed on October 13, 2026, it established Coconala Elith Inc. (hereinafter “Coconala Elith”), a joint venture with Coconala Inc. (headquarters: Shibuya-ku, Tokyo; Representative Director, President and CEO: Ayumu Suzuki; Tokyo Stock Exchange Growth Market: 4176; hereinafter “Coconala”), effective November 1, 2026. Combining Elith’s AI research and development and product development capabilities with Coconala’s corporate customer base and sales capabilities, Coconala Elith will plan, develop and sell AI security products and services that meet the needs of corporate customers.

Coconala Elith’s Initiatives

Coconala Elith will go beyond selling Elith’s existing products. Building on the GENFLUX series of products for safe AI use, the two companies will jointly plan features that corporate customers need and incorporate them into the products. Its initial focus will be on the following two AI security challenges that companies must address to continue using AI in their operations.

Further details, including product configurations, launch dates, pricing and sales arrangements, will be announced once finalized.

Management Team

Representative Director, President and CEO: Ayumu Suzuki Concurrent position: Representative Director, President and CEO, Coconala Inc.

Director: Fubuki Sawa Concurrent position: VP of Product, Elith Inc.

About Coconala Elith Inc.

Company name: Coconala Elith Inc. Location: Shibuya Infos Tower 6F, 20-1 Sakuragaoka-cho, Shibuya-ku, Tokyo Representative: Ayumu Suzuki, Representative Director, President and CEO Business: Evaluation and verification of AI safety, and AI agent-related business Capital: JPY 10 million Ownership: Elith 49%; Coconala 51% Established: November 1, 2026 Fiscal year-end: August

About Coconala Inc.

Coconala Inc. (Tokyo Stock Exchange Growth Market; securities code: 4176) Representative: Ayumu Suzuki, Representative Director, President and CEO Location: Shibuya Infos Tower 6F, 20-1 Sakuragaoka-cho, Shibuya-ku, Tokyo

Business: Marketplace Company

Agent Company

AI Company

Website: https://coconala.com

About Elith Inc.

Location: Frontier Hongo 6F, Room A, 2-27-17 Hongo, Bunkyo-ku, Tokyo Representative: Koki Inoue, Representative Director and CEO Established: December 2022 Business: AI research and development, AI product development, and AI solutions Website: https://www.elith.ai/

Media Inquiries

Elith Inc., Public Relations Email: pr-team@elith.ai