Adjusting the Investment Unit Through Share Consolidation and Changes to the Share Unit

「Effective 1 October 2017, the company conducted a share consolidation, consolidating 5 shares into 1, and changed the trading unit from 1,000 shares to 100 shares.」

「At a board meeting held on 19 May 2017, the company resolved to submit proposals concerning the share consolidation, the change in the trading unit and the change in the total number of authorized shares to the 78th annual general meeting of shareholders held on 23 June 2017. The proposals were approved at that meeting. Accordingly, effective 1 October 2017, the trading unit will change from 1,000 shares to 100 shares, 5 common shares will be consolidated into 1 share, and the total number of authorized shares will change from 290,098,000 shares to 60,000,000 shares.」

「As a company listed on the Tokyo Stock Exchange and the Sapporo Securities Exchange, we respect the purpose of this initiative and will change the trading unit from 1,000 shares to 100 shares. We will also conduct a share consolidation to adjust the investment unit to an appropriate level, taking into account the expansion of investment opportunities for individual investors and medium- to long-term share-price movements. Effective 1 October 2017, every 5 shares held by shareholders listed in the final shareholder register as of 30 September 2017 will be consolidated into 1 share.」