Reduction of the Trading Unit to 100 Shares and 1-for-2 Reverse Stock Split

「Following approval of the share consolidation at the 141st Annual General Meeting of Shareholders held on 27 June 2018, the Company carried out a share consolidation at a ratio of 1 share for every 2 common shares, effective 1 October 2018. The trading unit was also changed from 1,000 shares to 100 shares on 1 October 2018.」

「At the 141st Annual General Meeting of Shareholders held on 27 June 2018, the Company resolved to consolidate its common shares at a ratio of 2 shares into 1 share and to change the number of authorized shares to 200,000,000 shares, effective 1 October 2018. At a meeting of the Board of Directors held on 27 April 2018, the Company also resolved to change the trading unit from 1,000 shares to 100 shares, effective 1 October 2018.」

「As a company listed on the Tokyo Stock Exchange, the Company has decided to change the trading unit for its shares from the current 1,000 shares to 100 shares in line with this objective. In connection with this change, and with the aim of adjusting the investment unit, meaning the price per trading unit, to an appropriate level while taking into account medium- to long-term fluctuations in the Company's share price, the Company will conduct a 2-for-1 share consolidation and change the number of authorized shares from the current 395,872,000 shares to 200,000,000 shares.」