Appropriate Investment Unit Through a Share Consolidation and Change in the Trading Unit

「Based on a resolution of the 66th Annual General Meeting of Shareholders held on 26 April 2017, effective 1 August 2017, the company changed the number of shares constituting one trading unit from 1,000 shares to 100 shares, consolidated common shares at a ratio of 10 shares to 1 share, and changed the total number of authorized shares from 16,000,000 shares to 1,600,000 shares.」

「At the 66th Annual General Meeting of Shareholders held on 26 April 2017, proposals concerning the share consolidation and amendments to the Articles of Incorporation concerning changes to the number of shares constituting one trading unit and the total number of authorized shares were approved. Accordingly, effective 1 August 2017, the number of shares constituting one trading unit will change 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 change from 16 million shares to 1.6 million shares.」

「As a company listed on the Tokyo Stock Exchange, we respect this principle and will change the trading unit for our common shares 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, between ¥50,000 and less than ¥500,000, we will consolidate our shares. Effective 1 August 2017, 10 shares held by each shareholder listed in the final shareholder register as of 31 July 2017 will be consolidated into 1 share.」