Dependence on regional economic conditions due to concentration of the business base in Hiroshima, Okayama, Yamaguchi, and Ehime

A risk that fluctuations in the local economies of Hiroshima, Okayama, Yamaguchi, and Ehime, including economic conditions, population, and corporate activity, will affect performance because the company’s business base is geographically concentrated in these 4 prefectures.