Avoiding Conflicts of Interest in the Tender Offer for Treasury Shares

「Maki Hiroyuki (牧寛之), the company's representative director and president, also serves as the representative of MakisHoldingB.V., which owns 25,319 issued shares of Makis, representing 100.00% of Makis's total issued shares. In view of the possibility that he had a special interest in the tender offer, he participated in prior discussions between the company and Makis solely from Makis's standpoint and did not participate from the company's standpoint, and did not participate in any way in the relevant board resolution, in order to eliminate the possibility of a conflict of interest.」