Decision and Details
Establishment of a fee-free period for ADR issuance fees relating to MPJPY (Sponsored Level 1 ADR (American Depositary Receipt) Program)
To provide U.S. investors with a more convenient and efficient way to invest through DTC settlement; and because the Company and DBTCA agreed to waive ADR issuance fees for all investors during a one-time 60-day campaign period.
The impact on the Company's consolidated results for the fiscal year ending December 2026 is expected to be immaterial.
| Item | Details |
|---|---|
| Matter Covered | Establishment of a fee-free period for ADR issuance fees relating to MPJPY (Sponsored Level 1 ADR (American Depositary Receipt) Program) |
| Decision Date | 13 April 2026 |
| Implementation Date | To be implemented from 13 April 2026 through 12 June 2026 (scheduled; implementation of the fee-free period) |
| Period Covered | 60 days from 13 April 2026 through 12 June 2026 |
| Amount | Standard ADR issuance fee: up to USD 0.05 per ADR; annual service fee for 2026 and 2027: USD 0.01 per ADR per year; ADR issuance fee during the fee-free period: waived |
| Quantity / scale | 60 days; each ADR represents 1 common share of the Company (1:1) |
| Impact on Business Performance | The impact on the Company's consolidated results for the fiscal year ending December 2026 is expected to be immaterial. |
| Reason | To provide U.S. investors with a more convenient and efficient way to invest through DTC settlement; and because the Company and DBTCA agreed to waive ADR issuance fees for all investors during a one-time 60-day campaign period. |
| Governing Rule | Tokyo Stock Exchange rules (disclosure if a matter requiring timely disclosure arises in the future) |
| Related previous disclosures | Notice Regarding the Establishment of a Sponsored ADR (American Depositary Receipt) Program dated 19 December 2025 |
| Future plans | The fee-free period will end on 12 June 2026, after which the standard ADR issuance fee will apply. The annual service fee for 2028 and thereafter will be announced separately by the depositary bank or the Company. |
Items this document does not state (1)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To provide U.S. investors with a more convenient way to invest through DTC settlement and major U.S. securities firms. The Company and DBTCA also agreed to establish a one-time 60-day campaign period.