Capital Reduction to Ensure Flexibility and Agility in Capital Policy

「On 1 July 2023, stated capital was reduced and transferred to other capital surplus pursuant to Article 447(1) of the Companies Act to promote agility and flexibility in future capital policy, together with an increase from the exercise of stock acquisition rights.」

「To secure flexibility and agility in future capital policy, we reduced the amounts of stated capital and capital surplus and transferred them to other capital surplus pursuant to Articles 447(1) and 448(1) of the Companies Act. Of ¥1,016,000,000 in stated capital, ¥916,000,000 was reduced and transferred to other capital surplus, leaving stated capital of ¥100,000,000. Of ¥966,000,000 in capital surplus, ¥966,000,000 was reduced and transferred to other capital surplus, leaving capital surplus of ¥0. The effective date was 1 December 2022.」