TSE securities code : 7999

63rd (Fiscal Year 2011)
Financial Report

April 1, 2011 to March 31, 2012

MUTOH HOLDINGS CO., LTD.

M e s s age to Sha re hold er s
We would like to express our sincerest gratitude
to all of the shareholders who have continued tosupport us.
We are pleased to present our 63rd financial
report that covers operations and the MUTOH
Group's efforts for the fiscal year ended March
31, 2012.
President

Nobumasa Hayakawa

Basic Policy
With constant innovationand challenging
ourselves,
we contribute to society

B u s i ne ss Situation a n d Ou t c o m es
The global economy for the current consolidated fiscal year remained in a difficult environment on the whole. This ismainly because the debt crises in a number of European countries are about to spread into other parts of the world andthe US economy under gradual recovery also saw an increasing downside risk primarily stemming from the continuing
high unemployment rate and soaring prices of crude oil.
Against this background, in our Imaging and Information Equipment Business, we aggressively released new products.
Specifically, we introduced the "VJ-1324" and the "VJ-1624," our large-format inkjet printers that have an output speed
up to 30% faster than the previous VJ printers, in the first half of the fiscal year, and the high-end "VJ-1638" model,
whose output speed is some 60% faster than that of the "VJ-1624" model, in the second half of the fiscal year underreview. These models are designed to promote the "VJ (Value Jet) Series" brand and support our new global businessstrategies in the signage industry.
In our Other Business segment, we worked toward introducing strategic products to meet user needs by, for example,
releasing a number of products including LED Light Board "LitaVi" for visual inspections in manufacturing processes and a
new color taping product, named "Finoa Color Taping JFA National Team Version" of the Finoa brand, in our sports
support product category.
Our business performance remained sluggish under an economic environment that made no full-fledged recovery, yetprimarily caused by the downturn worldwide in business and continued appreciation of the yen.
Looking at the consolidated business performance for the fiscal year under review, net sales stood at ¥20,441 million(down 6.7% year on year). Operating income came to ¥653 million (down 45.6% year on year). Meanwhile, ordinary
income increased to ¥1,306 million (up 35.8% year on year) due mainly to the posting of equity-method investment gains
after SEKONIC Corporation (renamed SEKONIC HOLDINGS CORPORATION since April 2, 2012) became a new equitymethod affiliate from this consolidated fiscal year. Meanwhile, however, we incurred a net loss of ¥425 million for the
fiscal year (compared with a net income of ¥800 million in the same period of the previous year). This primarily came as aresult of posting extraordinary retirement benefits, as an extraordinary loss, which stemmed from the streamlining of thedevelopment and manufacturing-related divisions, loss from valuation of inventory assets for discontinued manufacture of
products, and amortization of goodwill stemming from the write-down of shares of subsidiaries and affiliates.
The Company has decided to distribute year-end dividends of ¥3 per share to our shareholders, thanking them for support
to date.
We would like to request your continuing support of the Company in years to come.

1

Consolidated Financial Highlights
Consolidated net sales
63rd (FY2011) period:

60th (FY2008) period:

26,338million¥20,441 million

61st (FY2009) period:

21,997million

Consolidated operating income
63rd (FY2011) period:

60th (FY2008) period:

951million

61st (FY2009) period:

354million

Business Segment
Net Sales (Millions of yen)

62nd (FY2010) period:

Imaging & Information Equipment Business

21,920million

Information Service Business
Real-Estate Leasing Businessand Other Business¥653 million● 63rd (FY2011) period:

62nd (FY2010) period:¥20,441 million

1,202million
1,865

Consolidated ordinary income
63rd (FY2011) period:

60th (FY2008) period:

1,394million¥1,306 million

61st (FY2009) period:

325million

Consolidated net income (loss)
63rd (FY2011) period:

60th (FY2008) period:

604million

217million

63rd (FY2011) period:

60th (FY2008) period:

28,301million

28,789million

63rd (FY2011) period:

60th (FY2008) period:

18,880

million962million

16,431● 62nd (FY2010) period:

62nd (FY2010) period:

800million¥21,920 million
1,942¥27,028 million

61st (FY2009) period:

Consolidated net assets

62nd (FY2010) period:¥(425) million

61st (FY2009) period:

Consolidated gross assets

2,143

2,404

62nd (FY2010) period:

28,462million

17,572¥18,601 million

61st (FY2009) period:

19,018million

62nd (FY2010) period:● 61st (FY2009) period:

19,459million¥21,997 million
2,048

3,236

16,713

Projections for the next period(Millions of yen)

Consolidated
projections

Net sales

OperatingincomeOrdinary
incomeNet income

21,000

500

500

300

Figures announced
on May 15, 2012.

Business environments surrounding the MUTOH Group remained in an uncertain state due to factors including thecontinued appreciation of the yen, renewed debt crises in some EU countries that surfaced as a downside factor in
the global economy, and a decelerated business uptrend in emerging countries that had led growth in the global
economy so far.
Against this background, we are determined to boost sales and improve profitability by striving for the continuing
creation of new value and enhancement of customer satisfaction. In particular, to achieve these objectives, we havebeen focusing on the promotion of large-format ink jet printers of the "Value Jet" brand in markets anddevelopment of new products based on our strong technical capability in the Imaging & Information Equipment
Business, and expansion of product line-ups to meet the diverse needs of customers in our Other Business segment.
2

Overview of Business Segments
In Asia, net sales and operating income stood at ¥8,521 million(down 2.0% year on year) and ¥545 million (down 4.5% year onyear), respectively, due primarily to the Japanese market that made80.4%
Imaging &Information
Equipment
Business

Net Sales¥16,431million

9.1%
Information
ServiceBusiness

3

Under the continued lackluster economy, IT investments remainedsluggish. As a result, net sales stood at ¥1,865 million (down 4.0%
year on year). However, operating income increased to ¥88 million(up 29.8% year on year) due to our constant cost-cutting efforts.

Net Sales¥1,865million

10.5%
Real-Estate
Leasing
Business and
Other
Businesses

no full-fledged recovery yet although overseas markets saw
continued steady expansion supported by economic growth inemerging countries.
In North America, net sales and operating income came to ¥2,212
million (down 8.6% year on year) and ¥103 million (down 36.3%
year on year), respectively, due to the impact of the continued
appreciation of the yen despite our proactive efforts in deploying
sales bases and activities.
In Europe, net sales and operating loss respectively totaled ¥5,698
million (down 11.7% year on year) and ¥66 million (against ¥328
million of operating income for the same period of the previousyear) due to the sluggish economy stemming from the debt crises
in some EU countries and impacts of the appreciated yen.

Net Sales¥2,143million

In the Real Estate Leasing Business, net sales decreased to ¥551
million (down 29.5% year on year) while operating income came to¥286 million (down 29.6% year on year) due to the departure ofsome tenants.
In Other Business, a slump in consumer spending and lingering
deflation prevailed. Under the circumstances, we strove to launch
new products that meet the diverse needs of our customers, such as
LED Light Board "LitaVi" for visual inspections and a new color
taping product, named "Finoa Color Taping JFA National Team
Version" of the Finoa brand in our sports support product category.
As a result, this sector recorded net sales of ¥1,592 million (down
1.8% year on year). However, operating loss improved by ¥65
million to ¥16 million (against an operating loss of ¥81 million forthe same period of the previous year).

High-speed, large-format inkjet printers that achieve
outstanding productivity and high-quality printing"VJ-1638J" (1,625 mm width), the newest model of ourlarge-format inkjet printers, is equipped with our proprietary
image quality improving technology, named "Fog/ Wow Print,"that reduces horizontal thin lines and uneven coloring but raises
color density, in addition to high-speed printing of up to 48m2/h.
The "VJ-1638J" model performs the highest color-quality printing
with its four colored inks in combination with three types oflarge/medium/small variable dot diameters.
Our "VJ-1638J" printer that achieves high productivity and highprinting quality on a high level is designed to meet diverse needsin the signage industry.
High-speed, large-format inkjet printer "VJ-1638J"

Educational CAD system
Tool package for educational institutions that can solve problems of 3D
CAD education
Design drawing requires (1) the ability to draw the front/plane/side views, etc. of a completed
imaged work, and (2) the ability to image completed shapes from a drawing. Manual designing witha drafter, etc. and manipulating 2D CAD tools will develop these abilities with training. If students
are provided with a 3D CAD system in class with no preliminary training, the ability to convert a 2Dmodel into/from a 3D model cannot be taught.
Our CAD system integrates a 2D CAD system, called "M-Draft Spirit," that allows the trainee to makedrawings just like using a drafter, with global 3D CAD standard "SolidWorks." This tool package
enables the instructor to provide trainees with the 2D or 3D system according to the curriculum.

Our "Finoa Kinesiology Tape Super Water-Repellency" is made from a ground fabricof polyester and polyurethane, to which is added an excellent water-repellencyfeature.
Since this breathable water-repellent tape covers both cold water and warm water,
it can effectively prevent the skin surface from becoming sweaty.
The tape can be worn during rainy activities, training, showering,and other watery conditions.

OK inshowering

OK in
rain

OK forsweat

4Topics
Head office function relocated
The Company has relocated its head office function,
including those of related Group companies in Japan, into
a building in Ikejiri, Setagaya-ku, Tokyo from December 26,
2011. The relocation is designed to ensure sufficient space toexpand business, improve further operational efficiency, andaccelerate decision-making within the Group.
The Group companies that relocated their head offices
during the same period and subsequently are MUTOH
HOLDINGS CO., LTD. and its major subsidiaries, namely
MUTOH INDUSTRIES LTD., MUTOH ENGINEERING INC.,
MUTOH ENTERPRISES LTD., and MUTOH ITEX Co., Ltd.
On the occasion of the relocation, the MUTOH Group isdetermined to make great strides in years to come.

Address
Access53-1-3, Ikejiri, Setagaya-ku, Tokyo 154-8560
TEL : +81-3-6758-7100
Tokyu Denentoshi Line Ikejiri-Ohashi Station
0-minute walk from the west exit

Take the lead in the world!
We have successfully established an inkjet system-based
light guide plate gradation pattern printing technology.
MUTOH's proprietary printing technology will renew the existingworld of light guide plate printing.

Cases of application

A light guide plate is an acrylic plate whose surface has special processingthat disperses light incoming from a plate end and emits it evenly on thesurface. Light guide plates are used mainly for screen printing, laser cutting,V-ditch cutting, and molding. MUTOH has established its proprietary inkjet
printing technology.

MUTOH's proprietary light guide plate printing technology is
expected to have applications in broader areas.

LED light guide plate sign

Inkjet system-based light guide plate printing allows you to
Perform on-demand printing
Needs neither molds nor printing plates.
in test production time and cost.

Will enable a substantial reduction

Use large-format panels
This large inkjet flat-bed printer

LED internal illumination sign

Can support 100 inch-class panels

Moreover, MUTOH's proprietary gradation pattern
printing will allow you to makeFine printing patterns
On thin (2 mm or less) acrylic board where dot patterns cannot be seen on an
LCD display and other media.

LED liquid crystal display TV

Adjustment of color temperature
Diverse types of inks can be mounted concurrently
Color temperature can be adjusted to some extent with the light guide plate.

No need of diffuser panel
Accurate gradation patterns enable brightness distribution control.
Fine surface light emission patterns also allow removal of diffuser.

MUTOH
gradation patterns

LED flat lighting

Existing-type
dots printing

6Topics
The MUTOH Group Showroom :MUTOH Designing Gallery opened (1)The MUTOH Group has opened a showroom on
the first floor of its head office, called MUTOH
Designing Gallery.
(A guide to the gallery is also provided on the Website of MUTOH
Holdings at http://www.mutoh-hd.co.jp)
See, touch and experience the MUTOH brand at MUTOH
Designing Gallery.
The gallery embodies the Group’s principles, and expresses
its commitment to keep in constant tune with needs fordesigning (planning) new products and solutions, and tocontinue introducing (providing) products that benefit
people who engage in designing and planning. It also
expresses the Group’s aspirations to design (propose) new
businesses (business models) and global environments, notto mention its spirit of manufacturing.
In addition to showcasing the latest products and awrapped car, the gallery introduces the history of the
MUTOH Group, provides product demonstrations, andoffers a business meeting space.

Entrance Gallery

The entrance to the gallery welcomes visitors with

The wrapped car is an eye-catching display dominating

a wrapped car—that catch the attention of passing

the front of the entrance, featuring a wrapping film

pedestrians and drivers.

printed using the ValueJet inkjet printer that is MUTOH’s

The MUTOH Sign Wallcore product.

The MUTOH Sign Wall is an impressive, brightly shining

The design of the wrapping was chosen for its lofty anddisplay. Its bright illumination is produced by thecosmopolitan image.

incorporation of numerous Cool Light next-generation

It displays both the playful spirit that is needed in design

LED bar lights that have been developed independently byplanning and production flexibility.

MUTOH.

7

The wrapped car

two symbolic displays—a large MUTOH Sign Wall andThe MUTOH Group Showroom :MUTOH Designing Gallery opened (2)History Gallery
Here, the MUTOH History Panel presents MUTOH’s history from its
establishment in 1952 to the present, and instills in visitors a senseof expectation for the future and for MUTOH’s future role.
The entire space is a gallery of the history of manufacturing
support that MUTOH has led as a pioneer in drafting and design
and products borne from the concept, "every object that has form
can be rendered graphically." Exhibits range from the first drafter("Mechanical Engineering Heritage" certified by the Japan Societyof Mechanical Engineers) to pen plotters, CAD equipment, andinkjet plotters, as well as Digicollar (optical measuring instruments)and LED products.

Meeting SpaceThe meeting space is spacious and quiet, and is ideal for holding
detailed business meetings in a relaxed and unhurried atmosphere.
The walls are adorned with nine tapestries that not only display
MUTOH’s extensive worldwide network, but are each printed ona different media to exhibit the superior technology of MUTOH’s
large-scale ink-jet printers.

Demonstration SpaceThe demonstration space allows visitors to see, touch andexperience MUTOH products, and to discuss business while
confirming actual printing processes and samples.
On display are the latest in the VJ (Value Jet) series of large ink-jet
printers, which MUTOH has continuously renewed and upgraded asa pioneer in the industry.

8Topics
In hope of making a symbolic foundation for the "spiritual recovery" ofIshinomaki citizens
Ishinomaki Senshu University's project, titled "Ishinomaki City Coastal Area
Restoration 3D Miniature Production Project with a 3D Printer"
Ishinomaki Senshu University, a user of 3D printers called"ZPrinter,"worked to produce a 3D miniature in hopes of making asymbolic foundation for local citizens' "spiritual recovery."
The production is part of the recovery and symbiosis projectaiming to reproduce a miniature townscape of coastal areasof Ishinomaki City before the March 11 earthquake disaster.

High-speed, 3D Printer"ZPrinter450"

A scene of hometown
Ishinomaki
Areas surrounding Kadowakicho and Minamihama-cho in
Ishinomaki City

The 3D miniature is
exhibited in the libraryof the univeristy.

Overview of Ishinomaki Senshu University:
Senshu University is an incorporated educational institution. The
organization opened Ishinomaki Senshu University covering its firstEngineering Department in 1989 in Ishinomaki-shi, Miyagi Prefecture. The
university is well known for its advanced academic studies and practicaleducation programs. Open to the local community, it has also beenproactively engaged in projects with local circles concerned.
Total number of students: 1,853 (as of May 1, 2011)

MUTOH, as a sponsoring company, is supporting the project.

9

Large-capacity & inexpensive backup power supply"Anshin Power Supply"

A UPS is not enough to maintain your business during an emergency
A UPS (un-interruptible power supply)
is a system to prevent servers and PCs
from sudden shutdown during power
failure. However, the battery of a
UPS is limited (work time is several
minutes up to tens of minutes).
Accordingly, another large-capacity
power supply is needed to maintain
operation of IT systems during an
emergency.

The capacity is 20 times greater
but the cost is 1/3 or lessServers

in-house LAN and PCs
MUTOH has released"Anshin Power Supply,"a new solution product for
emergencies.
With our successful application of
EV (electric vehicle) technology,"Anshin Power Supply" has achieved
a capacity some 20 times greaterthan that of existing UPS systems.
Meanwhile, we have selected all thenecessary and sufficient functions
for backup power supply. As a result,the kWh’s cost has been reduced to
one-third or less of the UPS cost. One"Anshin Power Supply" can coverand support servers, in-house LAN
and PCs. This backup power supply isvery useful during emergencies andensures business continuation during
power failure.

The capacity is 20
times greater

10kWh¥300,000
per kWhThe cost is 1/3
or less¥80,000
per kWh
0.5kWhexisting UPS

Anshin Power
Supplyexisting UPS

Anshin Power
Supply10Consolidated Financial Statements■ Consolidated Balance Sheets
Account(Millions of yen)

Period FY2011 Period

FY2010 period

As of March 31, 2012

As of March 31, 2011

AssetsCurrent assets(Millions of yen)Account

Period FY2011 Period

FY2010 period

As of March 31, 2012

As of March 31, 2011

Liabilities
15,863

17,276

6,144

7,601

Current liabilities

4,871

4,991

2,960

2,900

—

103

1,910

1,986

Long-term liabilities

3,555

4,011

Long-term debt—

245

Others

3,555

3,766

Total liabilities

8,426

9,002

Shareholders’ equity

20,35920,930Capital stock

10,19910,199

Capital surplus

4,181

4,182

Retained earnings

8,298

8,862

Treasury stock(2,319)(2,312)

Total other cumulative
comprehensive income(2,408)(2,109)Minority interests

650

637

Total net assets

18,601

19,459Total liabilities and net assets

27,02828,462

Notes and accounts payable
Cash and bank deposits

Notes and accounts receivable

Inventories

OthersFixed assets

Tangible fixed assets

Intangible fixed assets

Investments and other assets

Investment securities

4,347

4,679

796

694

8,626

160

Others

4,300

4,575

11,165

Short-term bank loans andcurrent portion of long-term debt

11,186

Net assets

8,809

600

2,378

1,775

1,815

979

Others562

796

Total assets

27,02828,462■ Consolidated statement of change in net assets FY2011(April 1, 2011 – March 31, 2012)

(Millions of yen)

Total other cumulative
comprehensive
Capital stock Capital surplus Retained earnings Treasury stock Total shareholders’ equity
incomeShareholders' equity

Outstanding as of April 1, 201110,199

4,182

8,862

(2,312)

20,930(2,109)Minority
interests

Total net
assets637

19,459Change in value for consolidated
accounting year
Dividend of surplus

(137)

(137)

(137)

FY2011 net loss

(425)

(425)

(425)

(7)

(7)

(7)

0

0

0

Acquired treasury stock
Disposed treasury stock(0)

Change in value for consolidated accounting
year for items other than capital stock (net)

11

—

(299)

12

(286)

Total change in value for consolidated
accounting year

—

(0)

(563)

(7)

(570)

(299)

12

(857)

Outstanding as of March 31, 2012

10,199

4,181

8,298

(2,319)20,359(2,408)650

18,601

■ Consolidated statements of income
Period(Millions of yen)

Year ended
March 31, 2012

Year ended
March 31, 2011

20,441

21,920Operating income

653

1,202

Ordinary income

1,306

962

7

734

(425)

800

Account

Net sales

Income before income taxes
and minority interests
Net income (loss)

Trends of net sales (Millions of yen)The 61st
period21,997

The 62nd
period21,920The 63rd
period20,4410

Period(Millions of yen)

Year ended
March 31, 2012

Year ended
March 31, 2011

Net cash from operating activities

(484)

1,094

Net cash from investing activities

(276)

(372)

Net cash from financing activities

(521)

(94)

Effect of exchange-rate changes on cash andcash equivalents

(165)

(441)

Account

10,00015,00020,00025,000Trends of operating income (Millions of yen)The 61st
period■ Consolidated statements of cash flows

5,000

354

The 62nd
period

1,202

The 63rd
period

653
0

500

1,000

1,500

Trends of ordinary income (Millions of yen)

Net increase (decrease) in cash and cash
equivalents(1,448)185

Cash and cash equivalents at beginning of
period

7,592

7,407

Cash and cash equivalents at end of period

6,144

The 61st
period325

The 62nd
period962

The 63rd
period

1,306
0

500

1,000

1,500

7,592

Trends of net income (loss) (Millions of yen)

■ Consolidated subsidiaries in each business segment
Business segment

Company names

Imaging & Information
Equipment Business

MUTOH INDUSTRIES LTD., MUTOH Belgium nv,
MUTOH North Europe S.A., MUTOH Deutschland GmbH,
MUTOH AMERICA INC., MUTOH HONG KONG LIMITED,MUTOH SINGAPORE PTE. LTD.,
MUTOH AUSTRALIA PTY. LTD.,

Information Service
Business

MUTOH ITEX Co. Ltd.,MUTOH ENGINEERING INC.,

Real-Estate Leasing
Business

MUTOH HOLDINGS CO., LTD., MUTOH ENGINEERING INC.,
MUTOH ENTERPRISES LTD.

Other Business

MUTOH ENGINEERING INC.,
MUTOH ENTERPRISES LTD.
SEKONIC TECHNOLAB CO., LTD. (until December 2011)

The 61st
period217

The 62nd
periodThe 63rd
period
(500)

800
(425)

(250)

0

250

500

750

1,000

(Note) The Company assigned SEKONIC TECHNOLAB CO., LTD. to SEKONIC CORPORATION in January 2012.

12

Company Profile (As of June 28, 2012)
name:

MUTOH HOLDINGS CO., LTD.

Established:

March 5, 1952

Head office:

TEL: +81-3-6758-7100(founded: December 1942)
Capital stock:

1-3, Ikejiri 3-chome, Setagaya-ku, Tokyo
154-8560

Main business:

10,199 Millions yen

Management and assets management of
the Group companies

Website address:

http://www.mutoh-hd.co.jp

MUTOH group companies

MUTOH HOLDINGS CO., LTD.

•MUTOH Belgium nv•MUTOH Deutschland GmbH•MUTOH North Europe S.A.

•MUTOH INDUSTRIES LTD.
•MUTOH ENGINEERING INC.
•MUTOH ENTERPRISES LTD.
•MUTOH ITEX Co., Ltd.
•MUTOH HONG KONG LIMITED•MUTOH SINGAPORE PTE.LTD.
•MUTOH AUSTRALIA PTY.LTD.

•MUTOH AMERICA INC.

(Note) The Company assigned SEKONIC TECHNOLAB CO., LTD. to SEKONIC CORPORATION in January 2012.

Directors (As of June 28, 2012)13

Masanori Takayama

Chairman of the Board

Hajime Tatsuzawa

Full-time Auditor

Nobumasa Hayakawa

President

Hiroki Nakano

AuditorYuji Yata

Director

Nobuaki Kunimine

AuditorHisayoshi Aoki

Director

Masanobu Takeda

Director

Yoshiyuki Takayama

Director

Stock information (As of March 31, 2012)■ Number of shares issuable

170,000,000■ Number of shares issued

54,818,180■ Number of shares per unit

1,000

■ Number of shareholders

5,593■ Major Shareholders
Number of
Ratio of
Shares Held Shareholding(Shares)(%)

Name
TCS Holdings Co., Ltd.

13,220,000

28.77Mizuho Bank, Ltd.

2,121,399

4.62

Eiji Mutoh

1,580,586

3.44

The Chuo Mitsui Trust and Banking
Company, Ltd.

1,457,000

3.17

Unisystem Co., Ltd.

923,000

2.01

NTT System Development Co., Ltd.

712,000

1.55

Ikuko Mutoh

638,603

1.39

High-Tech System Corporation

551,000

1.20

Credit Suisse Securities (Europe) Limited Main
Account

469,000

1.02

The Master Trust Bank of Japan, Ltd.
(Trust Account)

433,000

0.94(Note) 1. T he Company holds 8,872,127 shares of treasury stock, which is
excluded from the major shareholders listed above.
2. The ratio of shareholding is calculated after excluding treasury stock.
3. The trade name of the Chuo Mitsui Trust and Banking Company, Ltd.
was renamed Sumitomo Mitsui Trust Bank, Limited as of April 1, 2012
upon merger.

Breakdown of shareholders
Securities companies
2.62%
30

Breakdown by the number of shares held
Foreign companies
3.00%
42

5 or more
4.78%
429

1 or more
9.46%
3,153

10 or more
11.38%
355

Financial
institutions
11.49%
30

Other companies
52.61%
260

Less than 1
0.71%
1,572

50 or more
4.02%
33

Individuals and others
30.28%
5,231

100 or more
16.09%
43

500 or more
3.85%
31,000 or more
49.71%
5

14

Shareholder Information
Business year :From April 1 to March 31 of the following year

Ordinary General Meeting of Shareholders :In June each year

Year-end Dividend Record Date :March 31 each year

Interim Dividend Record Date :September 30 each year

Public Notices :Public notices shall be made on the Company’s website (http ://www.mutoh-hd.co.jp).
* In case the public notices are not available on the Company’s website due to unavoidable
circumstances, such notices shall be made in the Nihon Keizai Shimbun

Administrator of Shareholder Register :Sumitomo Mitsui Trust Bank, Limited
4-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-8233

Mail address and Telephone number :8-4, Izumi 2-chome, Suginami-ku, Tokyo 168-0063
TEL: +81-120-782-031 (toll-free)
Stock Transfer Agency Department
Sumitomo Mitsui Trust Bank, Limited
Stock transfer agent services are provided at branch offices in Japan of Sumitomo Mitsui Trust
Bank, Limited.

Notes :
1. Requests for change of address, purchasing of shares constituting less than one unit, and selling of shares to constitute one unit
Please make all requests to the securities company where shareholders maintain their account.
For those shareholders who do not have an account at a securities company but who have opened a special account, please make all requests
to Sumitomo Mitsui Trust Bank, Limited, an account management institution of special accounts.
2. Payment of accrued dividends
Please make all requests to Sumitomo Mitsui Trust Bank, Limited, which is the administrator of the shareholder register.
3. Dividend Statement
The Dividend Statement that is delivered upon dividend payment also serves as a Payment Notice in accordance with the stipulations of the
Act on Special Measures Concerning Taxation.
This document can be used as an attachment when filing your income tax return. We ask that shareholders who will file an income tax return
carefully store this document.
For shareholders that have selected the stock pro rata system, your stock brokerage will calculate the amount of withholding tax.
Please confirm with your stock brokerage the materials to be submitted when filing your income tax return.