Lowering the investment unit through a stock split and broadening the investor base

「Effective 1 November 2020, the company conducted a stock split at a ratio of 2 common shares for every 1 common share.」

「At a regularly scheduled meeting of the Board of Directors held on 17 September 2020, the company resolved to conduct a stock split and partially amend its Articles of Incorporation in connection with the stock split. The purpose is to improve share liquidity and expand the investor base by lowering the investment unit price of the company's shares, increasing the number of shares and creating an environment in which investors can invest more easily. With 31 October 2020 (effectively 30 October 2020) as the record date, the company will split the common shares held by shareholders recorded in the final shareholder registry on that date at a ratio of 2 shares for every 1 share.」

「Pursuant to a resolution of the Board of Directors meeting held on 31 July 2018, the company conducted a stock split and partially amended its Articles of Incorporation, effective 1 September 2018. With 31 August 2018 (Friday) as the record date, the company split the common shares held by shareholders listed or recorded in the final shareholder registry on that date at a ratio of 2 shares for every 1 share. The purpose was to create an environment in which investors could invest more easily, and to further expand the investor base, by lowering the investment unit price and improving the liquidity of the company's shares.」