Optimizing the Investment Unit Through a Share Consolidation

「At a meeting of the Board of Directors held on 6 May 2022, the Company resolved to submit a proposal on a share consolidation to the 62nd Annual General Meeting of Shareholders held on 24 June 2022. The proposal was approved at the meeting, and the consolidation took effect on 1 October 2022. 1. Purpose of the share consolidation The Company's share price was substantially below the range of ¥50,000 or more and less than ¥500,000, which is considered desirable under the Tokyo Stock Exchange's Securities Listing Regulations as the level for an investment unit. The share consolidation is intended to improve this situation. 2. Details of the share consolidation (1) Class of shares subject to consolidation Common shares (2) Consolidation ratio The shares were consolidated at a ratio of 1 share for every 10 shares. The number of shares held by shareholders listed or recorded in the shareholder registry as of 30 September 2022 served as the basis. (3) Effective date 1 October 2022 (5) Reduction in the number of shares resulting from the consolidation Total number of issued shares before the consolidation (as of 30 September 2022) 1,718,823,703 shares Reduction in the number of shares resulting from this consolidation 1,546,941,333 shares Total number of issued shares after the consolidation 171,882,370 shares」