Standardization of Trading Units Through Share Consolidation and Changes in the Number of Shares per Unit

「Pursuant to the resolution, on 1 October 2017 the company consolidated common shares at a ratio of 10 shares to 1 share, based on the number of shares held by shareholders listed in the final shareholder register as of 30 September 2017. As a result, the number of issued shares after the consolidation decreased by 70,002,000 shares to 7,778,000 shares.」

「At the 17th Annual General Meeting of Shareholders held on 29 June 2017, the company’s proposals concerning the share consolidation and amendments to the Articles of Incorporation concerning the trading unit and total number of authorized shares 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 10 shares to 1 share, and the total number of authorized shares will be changed from 300,000,000 shares to 30,000,000 shares.」

「As a company listed on the Tokyo Stock Exchange, we respect this policy and will change our trading unit to 100 shares. At the same time, to maintain the price level per trading unit of our shares and ensure that the number of voting rights held by shareholders does not change, we will consolidate 10 shares into 1 share and, in line with the consolidation ratio, change the total number of authorized shares from 300 million to 30 million.」