Making Vitabrid Japan a Consolidated Subsidiary Through a Loan

「Vitabrid Japan Inc., an equity-method affiliate of the Company, became a consolidated subsidiary effective 1 December 2016. At a Board of Directors meeting held on 15 November 2016, the Company resolved to provide a loan to Vitabrid Japan Inc., an equity-method affiliate, and executed the loan on 1 December 2016. Although the Company’s equity interest in Vitabrid Japan Inc. did not change, Vitabrid Japan Inc. changed from an equity-method affiliate to a consolidated subsidiary under the substantive control criterion.」