Share consolidation and change in the number of shares per trading unit

「Pursuant to a resolution of the 97th Annual General Meeting of Shareholders held on 29 June 2017, the company amended its Articles of Incorporation in connection with a share consolidation at a ratio of 1 share for every 10 common shares, effective 1 October 2017. As a result, the number of issued shares decreased by 32,528,277 to 3,614,252 shares.」

「At a board meeting held on 19 May 2017, the company resolved to submit proposals on the consolidation of common shares and the change in the trading unit to the 97th Annual General Meeting of Shareholders held on 29 June 2017, where they were approved. Accordingly, effective 1 October of the same year, the trading unit will be changed from 1,000 shares to 100 shares, common shares will be consolidated at a ratio of 1 share for every 10 shares, and the total number of authorised shares will be changed from 100 million to 10 million.」

「As a company listed on the Tokyo Stock Exchange and Nagoya Stock Exchange, we respect this principle and will change the trading unit for our common shares from 1,000 shares to 100 shares. At the same time, in consideration of the investment unit value of ¥50,000 or more but less than ¥500,000, which the national securities exchanges consider desirable, we will consolidate our shares.」