Transition to a Defined Contribution Pension Plan

「The Company introduced a defined contribution pension plan effective 1 October 2017. In connection with this, 株式会社大地を守る会, the Company’s wholly owned subsidiary absorbed on the same date, transferred its defined-benefit corporate pension plan and retirement lump-sum plan to the defined contribution pension plan effective the same date. The accounting treatment for the transfer was based on “Accounting for Transfers between Retirement Benefit Plans” (ASBJ Guidance No. 1, 16 December 2016) and “Practical Treatment of Accounting for Transfers between Retirement Benefit Plans” (PITF No. 2, 7 February 2007). As a result, the Company recognized a loss of ¥92.222 million on the amendment of retirement benefit plans as an extraordinary loss for the six months ended 30 September 2017.」