Share Consolidation and Change to 100 Shares per Trading Unit

「At a board meeting held on 26 May 2017, the company resolved to change the number of shares constituting one trading unit and partially amend its Articles of Incorporation, and resolved to submit a proposal concerning the share consolidation to the 69th Annual General Meeting of Shareholders held on 29 June 2017. The proposal was approved at that meeting, and took effect on 1 October 2017.」

「At the 69th Annual General Meeting of Shareholders held on 29 June 2017, the company obtained approval for a share consolidation effective 1 October 2017, at a ratio of 1 common share for every 10 shares, and a change in the number of shares constituting one trading unit from 1,000 to 100. As a result, the total number of issued shares is expected to decrease from 42,620,172 to 4,262,017.」

「As a company listed on the Tokyo Stock Exchange, and in accordance with this principle, the company decided to change the trading unit for its shares, the number of shares constituting one trading unit, from the current 1,000 shares to 100 shares effective 1 October 2017. Effective 1 October 2017, it will consolidate its shares at a ratio of 1 share for every 10 shares held by shareholders listed in the final shareholder register as of 30 September 2017.」