Issuance of New Shares and Increase in Capital Surplus in Connection with Share Exchange with 日新運輸

「Effective 1 March 2019, the Company conducted a share exchange under which the Company became the wholly owning parent company and Nisshin Transport Co., Ltd. became the wholly owned subsidiary. In connection with this transaction, the Company issued 4,159,200 new shares and allocated 640,800 treasury shares. As a result, during the six-month period ended the second quarter of the current consolidated fiscal year, capital surplus increased by ¥5,053,595 thousand and treasury shares decreased by ¥68,004 thousand. At the end of the second quarter of the current consolidated fiscal year, capital surplus was ¥5,275,185 thousand and treasury shares were ¥3 thousand.」