Optimizing the Investment Unit Through a Share Consolidation and a Change in the Number of Shares per Unit

「At a Board of Directors meeting held on 23 May 2018, the company resolved to submit to the 76th Annual General Meeting of Shareholders, held on 27 June 2018, a proposal for partial amendments to the Articles of Incorporation concerning the share consolidation and change in the trading unit. The proposal was approved at the Annual General Meeting of Shareholders and took effect on 1 October 2018.」

「At the 76th Annual General Meeting of Shareholders held on 27 June 2018, amendments to the Articles of Incorporation were approved, providing for the consolidation of the company's common shares at a ratio of 10 shares to 1 share and, effective 1 October 2018, the date of the share consolidation, changing the number of authorized shares from 80,000,000 to 8,000,000. In addition, amendments to the Articles of Incorporation were approved to change the trading unit from 1,000 shares to 100 shares effective 1 October 2018, the date of the share consolidation.」

「As a company listed on the Tokyo Stock Exchange, we respect the purpose of this initiative and will change the trading unit for our shares from 1,000 shares to 100 shares. At the same time, we will conduct a share consolidation at a ratio of 10 shares to 1 share, with the aim of bringing the investment unit within the level considered desirable by the stock exchange, between ¥50,000 and less than ¥500,000 per trading unit. Effective date of the share consolidation: 1 October 2018 (scheduled) Effective date of the change in trading unit: 1 October 2018 (scheduled)」