Adjusting the Investment Unit Through Share Consolidation and Changes to the Number of Shares per Trading Unit

「At a Board of Directors meeting held on 12 May 2017, the Company resolved to change the number of shares in one trading unit. It also resolved to submit a proposal for the consolidation of common shares to the 152nd Annual General Meeting of Shareholders held on 29 June 2017, where the proposal was approved. The changes took effect on 1 October 2017.」

「Because a proposal concerning a share consolidation, consolidating 5 shares into 1 share, was approved at the 152nd Annual General Meeting of Shareholders held on 29 June 2017, the Company's total number of authorized shares will become 8,000,000 shares as of 1 October of the same year. In addition, at a Board of Directors meeting held on 12 May 2017, the Company resolved to partially amend its Articles of Incorporation concerning the change in the number of shares in one trading unit, from 1,000 shares to 100 shares, effective 1 October of the same year.」

「As a company listed on the Tokyo Stock Exchange, the Company respects this objective and will change the number of shares in one trading unit of its common stock from 1,000 shares to 100 shares. At the same time, taking into account the investment-unit value level considered desirable by the stock exchange, namely ¥50,000 or more and less than ¥500,000, the Company will consolidate its shares.」