Change in the Trading Unit to 100 Shares and 1-for-5 Reverse Stock Split

「At a meeting of the Board of Directors held on 6 April 2018, the company resolved to submit proposals concerning the share consolidation and change in the number of shares constituting one trading unit to the 48th Annual General Meeting of Shareholders held on 28 May 2018. The proposals were approved at that meeting, and the changes took effect on 1 September 2018.」

「At a meeting of the Board of Directors held on 6 April 2018, the company resolved to submit proposals concerning the share consolidation and change in the number of shares constituting one trading unit to the 48th Annual General Meeting of Shareholders held on 28 May 2018. The proposals were approved at that meeting, and the changes will take effect on 1 September 2018.」

「As a company listed on the Tokyo Stock Exchange, we respect the purpose of this initiative and will change the number of shares constituting one trading unit for trading in our common shares from 1,000 to 100. At the same time, taking into account the investment unit value level regarded as desirable by the stock exchange, namely ¥50,000 or more and less than ¥500,000, we will conduct a share consolidation. Effective 1 September 2018, the number of common shares held by shareholders listed or recorded in the final shareholder registry as of 31 August 2018 will be consolidated at a ratio of 1 share for every 5 shares.」