Share consolidation and changes to the trading unit

「At a Board of Directors meeting held on 11 May 2017, the company resolved to submit proposals concerning the share consolidation and the change in the number of shares constituting one trading unit to the 106th Annual General Meeting of Shareholders held on 29 June 2017. The proposals were approved at the meeting, and took effect on 1 October 2017.」

「At the 106th Annual General Meeting of Shareholders held on 29 June 2017, approval was granted for the consolidation of the company's common shares from 10 shares into 1 and for an amendment to the Articles of Incorporation changing the total number of authorized shares from 100,000,000 to 10,000,000 effective on the date the share consolidation took effect, 1 October 2017.」

「The company will change the trading unit for its common shares from 1,000 shares to 100 shares and will also conduct a share consolidation in order to maintain the exchange's desired investment unit range of ¥50,000 or more but less than ¥500,000 when changing the number of shares constituting one trading unit.」「Effective 1 October 2017, the company will consolidate shares at a ratio of 1 share for every 10 shares held by shareholders recorded in the final shareholder register as of 30 September 2017.」