Procedures Related to Stocks

Shareholders who want to sell or purchase less-than-one-unit shares (less than 100 shares) that are not available for trading in the market may use the odd-lot share buyback program for requesting the Company to buy back those shares or the additional odd-lot share sale program for requesting the Company to sell odd-lot shares that would be combined with such shares in their holdings into one unit (100 shares).

• Odd-lot share buyback program

  1. If a shareholder holds 40 shares, 
     • the Company may buy back the 40 shares.
  2. If a shareholder holds 130 shares
     • including 100 for one unit,
     • the Company may buy back 30 shares.

• Additional odd-lot share sale program

  1. A shareholder with 60 shares
     • may purchase 40 more shares to hold 100 shares constituting one unit.
  2. A shareholder with 780 shares
     • may purchase 20 more shares to hold 800 shares constituting eight units.

The electronic stock certificate system was implemented for listed companies on January 5 (Monday), 2009. Then, all stock certificates of the Company became invalid. Shareholders’ rights are now electronically managed through accounts at financial institutions, including securities companies. Offices for handling stock procedures regarding the Company have been changed as follows:

1. Office handling dividend payment requests following the implementation of the electronic stock certificate system

   As in the past, the following shareholder register manager may accept such requests:

   Shareholder register manager:
   Sumitomo Mitsui Trust Bank
   4-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan
   Office for handling such requests:
   8-4, Izumi 2-chome, Suginami-ku, Tokyo, Japan 168-0063
   [Mail address] Stock Transfer Agency Business Planning Department, Sumitomo Mitsui Trust Bank
   [Telephone contact] TEL 0120-782-031 (toll free, 9:00–17:00 business day)
   Contact offices:
   Sumitomo Mitsui Trust Bank branches in Japan

2. Office handling address changes, odd-lot share buybacks and sales, designation of dividend-receiving means, etc. after the implementation of the electronic stock certificate system

   (1) Shareholders who deposit stock certificates in Japan Securities Depository Center:
   Relevant securities companies
   (2) Shareholders who do not deposit stock certificates in Japan Securities Depository Center:
   Following account management institution where they open accounts

   Account manager:
   Sumitomo Mitsui Trust Bank 4-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan
   Contact:
   8-4, Izumi 2-chome, Suginami-ku, Tokyo, Japan 168-0063
   [Mail address] Stock Transfer Agency Business Planning Department, Sumitomo Mitsui Trust Bank
   [Telephone contact] TEL 0120-782-031 (toll free, 9:00–17:00 business days)
   Contact offices:
   Sumitomo Mitsui Trust Bank head office and branches in Japan

The electronic stock certificate system has allowed shareholders to receive dividends on all stocks in their holdings through pre-registered deposit accounts or accounts at securities companies in addition to traditional designated dividend-receiving accounts. We recommend shareholders to use these accounts to securely receive dividend payments. For details, please consult your securities companies.

As for other procedures under the electronic stock certificate system, please refer to the following websites:

• Financial Services Agency, "Electronic Stock Certificate System" https://www.fsa.go.jp/ordinary/kabuken/
  index.html
• Japan Securities Depository Center, "Book-entry Transfer System for Stocks" https://www.jasdec.com/system/less/outline/