Adjustment of the Investment Unit through a Share Consolidation and a Change in the Number of Shares Constituting One Trading Unit

「At a meeting of the Board of Directors held on 26 May 2017, the company resolved to submit proposals concerning the share consolidation and change in the trading unit to the 59th Annual General Meeting of Shareholders held on 22 June 2017. The proposals were approved at that meeting, and took effect on 1 October 2017.」

「At the 59th Annual General Meeting of Shareholders held on 22 June 2017, amendments to the Articles of Incorporation were approved to consolidate the company’s common shares at a ratio of 10 shares to 1 and, as of the effective date of the share consolidation, 1 October 2017, change the number of authorised shares from 50,000,000 to 5,000,000.」

「As a company listed on the Tokyo Stock Exchange, we respect this objective and will reduce the trading unit for our common shares from 1,000 shares to 100 shares. We will also conduct a share consolidation in consideration of the investment-unit value range preferred by the exchange, of ¥50,000 or more and less than ¥500,000.」