Straight-line depreciation of tangible fixed assets for Toyosu Market

「Following the Tokyo Metropolitan Government's announcement on 20 June 2017 of its policy to relocate the market to Toyosu Market, the company began depreciating on a straight-line basis tangible fixed assets, excluding buildings, related to the wholesale seafood and refrigerated warehousing businesses that were acquired for use at Toyosu Market. This was because, after reviewing the expected utilization of the tangible fixed assets in connection with the relocation to Toyosu Market, the company determined that the assets, primarily refrigeration equipment newly invested in by the group at Toyosu Market, were expected to operate stably over the long term and contribute consistently to earnings.」