Changing of Consolidation of Shares

(a) Consolidation of Shares Given the “Change in Number of Shares Constituting a Trading Unit” which will change the number of shares constituting a trading unit from 1,000 to 100 shares, the Company will consolidate shares to adjust the investment unit to an appropriate level in light of medium to long term share price trends.

(b) Details of consolidation of shares

(i) Type of shares to be consolidated: Common shares

(ii) Method and ratio of the Consolidation of shares:On April 1, 2017, shares held by shareholders recorded in the shareholder registry as of March 31, 2017 will be consolidated at the ratio of 5 shares to 1 share.


Detailed information is described in Annual Report.

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