Securities Code: 8929

Full-YearBusiness Summary
for Fiscal Year 2021

(31st period)
January 1 to December 31, 2021

Aoyama Zaisan Networks Company, Limited

Highlights of Consolidated Business Results

To Our Shareholders
Not only is the environment that individual asset owners andcorporate owners find themselves in undergoing majorchanges, including increasing value of assets transferredthrough inheritances and business successions becomingsocial issues, but the economic outlook also remains opaqueon account of restrictions on business activities due tomeasures to prevent COVID-19. Under these conditions, theneed for consulting on property and business succession andalso on property management is continually growing.
We positioned the three years covered by the Second MediumTerm Management Plan (2019–2021) as a growth period sothat we can expand and grow starting in 2022. With a vision of
becoming Japan’s top comprehensive property consulting firm
to gain the support of many customers who state that theychoose Aoyama Zaisan Networks for property related matters,
we moved forward with related efforts based on five basic
principles, including“technology fortification”and“expanding
collaborations.”
During the fiscal year under review, the final year of the Second
Medium-Term Management Plan, our efforts were centered on
the following.

Introducing technology
The ART System, which was developed to improve andstandardize the quality of consulting and increase productivity,
was fully launched in February 2021.
By switching to the ART System to create analysis and proposalmaterial that traditionally has been done by hand, we havecreated a system that makes it possible to submit proposals of
the same quality regardless of the consultant’s skill level.

Expanding collaborations
Although ADVANTAGE CLUB partnerships were offered only toGroup customers and customers of the accounting firms andother institutions belonging to our nationwide network, wecreated a system that makes it possible to provide thesepartnerships to financial institution clients, too, and concluded
related business tie-ups with eighteen new financial
institutions.
We have also used our provision of ADVANTAGE CLUBpartnerships to develop relationships that make it possible toprovide property consulting services.

Meeting the demands for property and business successions thatare growing larger and more diverse
Through Aoyama Family Office Service Co., Ltd., which wasestablished in January 2021, we launched consulting services
for a number of companies that have been operating for many
years, to support the lasting development of families andbusinesses.
As for business succession consulting, we strengthened ouralliance with mega banks looking to differentiate themselves1

In fiscal year 2021, we generated ¥24,213 million in net sales, surpassing our initial projection of ¥21,000
million, for various reasons, including ADVANTAGE CLUB partnerships that surpassed targets.
Because of this increase in net sales, we recorded ¥1,856 million in operating profit (initial projection of ¥1,630
million) and net profit per share after stock-split of ¥61.22, dramatically exceeding the ¥33.01 for the previous
fiscal year.
President

Masazumi
Hasumiand conducted various events including seminars.
In addition, Aoyama Financial Service Co., Ltd., which wasestablished to provide financial instruments, was registered asa financial instruments intermediary service provider in May
2021 and launched operations in June.
Up to this time, the Group had been limited to providing
investment products backed by real estate, we can now
provide investment trusts publicly offered in Japan appropriate
for long-term and diversified investments that meetcustomers’needs.

N e t
sales

24,213 million yen(Up 26.6% year-on-year)

Operatingincome1,856 million yen(Up 42.4% year-on-year(unit: million yen)(forecast)

1,603

19,118(unit: yen)

2,550

(forecast)

19,06161.22 yen(unit: million yen)

36,50024,213)

Net profit
per share

70.00

70.00

61.22

1,856
1,303

(forecast)

33.01

Responding to growing management needs
As for ADVANTAGE CLUB, we planned to form partnerships
worth ¥15.0 billion because of strong demand from ourcustomers and sales to regional financial institution andsecurity company customers, but we were ultimately able tocreate partnerships for six properties worth a total of ¥16.25
billion, which exceeded our plans.
Turning to the regional revitalization business, which employsa plan of action made possible by the Act on Specified Joint
Real Estate Ventures, we held the ground breaking ceremony
for a project located in the city of Tsuruga-shi, Fukui Prefecture,in April 2021 and fully launched the work so that the grandopening can be held at the beginning of September 2022.

Fiscal Year 2019 Fiscal Year 2020 Fiscal Year 2021 Fiscal Year 2022
(29th period)(30th period)(31st period)(32nd period)

Fiscal Year 2019 Fiscal Year 2020 Fiscal Year 2021 Fiscal Year 2022
(29th period)(30th period)(31st period)(32nd period)
The Company conducted a 2-for-1 stock split*ofcommon shares on September 1, 2021.

Consolidated
Balance Sheet(Summary)(unit: million yen)

Total assets 16,001

1 Total assets 17,426
2 Interest-bearing liabilities

2,315Interest-bearing liabilities(Remaining loan period: 14 years)

2,478

Initiative to improve human resources and employee satisfaction
It is our opinion that to win consultations related to theprecious properties and businesses of customers, we mustgrow into a community of consultants with a high level ofhumanity, such as faithfulness, kindness, and altruistic attitude.
We conducted training for all employees more than ten times
last year in order to foster in each employee the ability to act ina manner in line with these principles.
We celebrated our 30th anniversary on September 17, 2021.
I would like to express my deep appreciation for the guidanceand support we have received from customers, first andforemost, and all other stakeholders such as shareholders,
partner companies, and supporters.
We will take the opportunity of this 30th anniversary to unite
the whole company and do even better so that we cangenerate continued growth and greater corporate value.
I hope for your continued support in the future.

Fiscal Year 2019 Fiscal Year 2020 Fiscal Year 2021 Fiscal Year 2022
(29th period)(30th period)(31st period)(32nd period)(Remaining loan period: 15 years)

Cash and deposits

9,428Real estate for sale

319

Real estate for rentInterest-bearing liabilities
other than the above

3,692(Average loan period: 5 years)

Other liabilities

3,264

2 Interest-bearing liabilities

Cash and deposits

10,865other than the above

4,273(Average loan period: 5 years)

Other liabilities
Real estate for sale

3,709

118

Real estate for rent

2,471

Net assets

2,371

3 Net assets

Other assets

Equity ratio
39.8 %

Other assets

Equity ratio
40.8%

6,566

3,783

End of fiscal year 2020*

4,071

7,128

End of fiscal year 2021

The net profit per share was calculated
assuming the stock-split was conducted at the
beginning of the fiscal year ended December
2019.

1 Total assets
Total assets amounted to ¥17,426 million, up ¥1,425
million from the end of the previous period, mainly
due to an increase in cash and deposits.
2 Interest-bearing liabilities
Interest-bearing liabilities amounted to ¥6,589 million,up ¥418 million from the end of the previous period
due to an increase in long-term loans payable, etc.
3 Net assets
Net assets grew by ¥561 million from the end of theprevious period to reach ¥7,128 million mainly due toan increase in retained earnings.
fiscal year 2020, funds of the same amount as real estate*In
for rent were procured with the loan period where
repayment with the NOI of the said real estate was possible.
Furthermore, a portion of interest-bearing liabilities was
repaid in order to maintain a sound D/E ratio level.

2

AZN

Transitioning to a new growth stage by formulating the Third

Topics

TopicsFebruary 2022

1 Launched the Third Medium-Term Management Plan

With the goal of realizing our long-term vision of becoming “Japan’s top comprehensive property consulting firm
supported and chosen by many customers under the banner of ‘about property, Aoyama Zaisan Networks,’” weformulated the Third Medium-Term Management Plan to provide direction to the three years starting in 2022.
In the plan, we position those three years as a growth and expansion period for the Company, which celebrated
its 30th anniversary, set four perspectives to achieve that vision, and plotted strategic individual services thatwill form the framework of our business strategy.
Medium-Term Management Plan Overview

Third Medium-Term
Management Plan
Second Medium-Term
Management PlanFirst Medium-Term
Management Plan
(2014–2018)

Property
consulting firm

start-up period

Topics2(2022–2024)(2019–2021)

A period of growth

A period of growth

consulting firm

as a property consulting firm
and a period to improve thehumanity of our humanresources and adopt
technology with an eye toward
a period of greater growth andexpansion in the future

as a property

VisionThird MediumTerm Management
Plan Explanatory
Video

3 Participated in IR Seminar for Individual Investors

In September 2021, we participated in the IR Seminar for Individual Investors held by logmi Finance.
At the seminar, which was streamed as a Zoom webinar, we gave a speech in which we outlined ourbusiness and discussed the outlook for the future.
Furthermore, the video and transcript of the Earnings Briefing for fiscal year ended December 31, 2021
and Third Medium-Term Management Plan Briefing held in February 2022 have been made public.
Facing a new growth stage, we will further strengthen IR.

IR Seminar
Third Mediumfor Individual
Term
Investors Management Plan

Four Perspectives of the Medium-Term Management Plan
Aim

1

Improving the quality of customer services andgenerating volume growth through strategic individual
services and comprehensive property consulting services

Japan’
s top
comprehensive property
consulting firm
supported and chosen by
many customers underAim

2

Making property consulting services
through smartphones and online
communication tools the standard service

Aim

3

Growing into a group of consultants witha high level of humanity

the banner of‘about
Aim

4―Formed partnerships for two new properties during the second
half of fiscal year 2021
During the second half of fiscal year 2021, we formed voluntary partnerships for two properties, ADVANTAGE CLUB Ginza
Hanatsubaki-dori in September and ADVANTAGE CLUB Tameike-sanno in December.
New development

Trends of cumulative amounts of ADVANTAGE CLUB 118.28(unit: billions of yen)

ADVANTAGE CLUBGinza Hanatsubaki-dori

Actively contributing to society

Existing
Units

Amount of newly developed partnerships

490

DATA

Issued Our First Integrated Report

57.45
6.52

ADVANTAGE CLUBSee here fordetails. ▼

16.25

72.03

End of 2018

Tameike-sanno

30.0
88.28

Location:7-chome, Ginza, Chuo-ku, Tokyo
Size:Steel-frame, flat-roof structure with 1 underground and 10 above-ground floors
Use:Stores and offices

We issued our first integrated report in November 2021.
In this report, we not only look back at the changes in the philosophy and business model that wevalue but also give examples of the contributions that we have made to the happiness of customers
and a sustainable society through the succession, operation, and management of properties.
We will continue to work to improve corporate value through dialogue with stakeholders and aim
to contribute to a sustainable society.
3

Topics(What we want
to be)

property, Aoyama
Zaisan Networks’Medium-Term Management Plan and contributing to a sustainable society

Units

326

DATA

Location:2 chome, Akasaka, Minato-ku, Tokyo
Size:Steel-frame, reinforced concrete, flat-roof structure with 8 above-ground floors
Use:Office

62.75

9.28

End of 2019

End of 2020

5.30

Results ofEnd of 2021

End of 2022
(forecast)(as of December 31, 2021)

Cumulative number of partnerships

57

Cumulative total assets under management¥88.28 billion
3,024

Total partnership members

4

AZN Pick Up

Released three books on inheritance and business succession

We are further strengthening efforts to capture new customers through books and publishing seminars.
For each book, a consulting team with expertise in that particular field was put in charge of writing the book,and since fiscal year 2021, we have published three books.
A must read for managers of middle-market companies and SMEs concerned about business succession

When There is No Successor and M&As Will Not Work▲

The book uses case studies to introduce, in easy-to-understand terms, ideas about and methods for finding the optimal solution
for managers concerned about business succession due to lack of a successor or difficulty with M&A because of continuing losses.
It includes an explanation of two of our own unique methods—“business succession through shrinking”in which the businesssuccession is facilitated by shrinking its assets and operations to a size easy to pass on, and“happy closing,”in which there is aplanned passing on or liquidation of business, employment, and assets leaving funds on hand.

Released
October 2021
(Nikkan Kogyo
Shimbun, Ltd.)Our growing global network
We have established a nationwide network in Japan that includes leading tax accounting firms andaccounting offices.
Through this network, we provide consulting services to customers across Japan. As part of our efforts
to expand internationally, we have established overseas subsidiaries in Singapore and Indonesia.
Going forward, we will continue working with top overseas partners and enhance our network both athome and abroad.

I’ve got a lot of assets, but also a lot of concerns...
Wealthy landowners and managers of family companies have various concerns related to succession.
One problem is that no t wo f amilies are exac tly the same, and no t wo optimal measures are exac tly the same.
Therefore, the question becomes the following: What is the best inheritance measure for each individual family.
This book look s at how to f ind the optimal succession plan to solve the problems faced by customers from f ive
perspectives in line with the idea of“overall optimization.”▲

Released November
2021(Nikkei Business
Publications, Inc.)

Aoyama Zaisan Networks Hokkaido Support (IKEWAKI TAX, ACCOUNTING & CONSULTANTS GROUP)
Nihon Shisan Soken Co., Ltd. Sapporo (Mitsunari Accountant Office)
FPC Tax Corporation

TohokuAoyama Zaisan Networks Aomori Support (Konda Accounting Office)Akiyama Accounting Office
Aoyama Zaisan Networks Sendai Support (Asahi Accounting Office)
MIRAI Tax Corporation
Aoyama Zaisan Networks Yamagata Support (Yutaka Licensed Tax Accountant’s Corp)
AMAGUCHI Partners Tax Corporation
Zaisan Networks Fukushima Co., Ltd. (Aozora Tax Corporation)

Kanto

Aoyama Zaisan Networks Ibaraki Support (Masuyama Accounting Office)
YGP Kujirai Tax Corporation
Zaisan Networks Tochigi Co., Ltd. (Tajima Accounting Office)Zaisan Networks Motegi Co., Ltd. (MOTEGI tax consultant office)Kanata Tax Corporation
Aoyama Zaisan Networks Saitama Co., Ltd. (CWM Research Institute)
Aoyama Zaisan Networks Kanto Chuo Support (MMG Tax Corporation)
Nihon Shisan Souken Co., Ltd.
Aoyama Zaisan Networks Denenchofu Support (Saito Tax Corporation)
Nihon Mirai Accounting & Tax Co.
Zeimu Sogo Tax Corporation
eclat Consulting
Humannetwork Inc. (Tokyo kaikei Partners Inc.)
Hori Yoshihiro Certified Public Accountant Office
Hisakawa Hidenori Certified Tax Accountant Office (Hara Hisakawa Tax and Accounting Corporation)
SEMS Inc. (Shimizu Certified Tax Accountant Office)Mountain Co., Ltd. (General Management Service Tax Corporation)
Aozora Tax Corporation
Tsuda Accounting Office
Koide Certified Public Accountant and Tax Accountant OfficeMimura Tax & Consulting
Kagayaki Zaisan Networks Co., Ltd. (Kagayaki Tax Corporation)
Aoyama Zaisan Networks Yokohama Support (YAMADA SYNTHETIC OFFICE)Ai Partners Tax Corporation
Masatoshi Yoshikawa Certified Tax Accountant Office
Oyama accounting Co., Ltd (Rita Tax Corporation)
Top Accounting Firm & co
Koyama Yoshiaki Licensed Tax Accountants
Yokohama Saiwai Tax Corporation
Enari Tax Corporation
SOUSHIN KAIKEI Tax Corporation

Business Succession—Lack of Understanding Between Parents and Children

Shareholder incentives
Shareholder
incentive item number

Shareholders recorded in the shareholder register and holding at least 30,000
shares as of December 31, 2021, are presented with one of the following items.
Shareholder
incentive item number

A

The UKAI Group common
meal certificate

worth 30,000 yen
Image

C

18.0

16.5

16.5

17.0

(forecast)

8.5

10.0

11.0

(forecast)

13.0

Fiscal Year 2019 (29th period) Fiscal Year 2020 (30th period) Fiscal Year 2021 (31st period) Fiscal Year 2022 (32nd period)
Image

イメージ

Image

● Facility use tickets from the Kato Pleasure Group may be used at all facilities listed on the management facility page of

5(unit: yen)

Image

Facility use tickets fromthe Kato Pleasure Group

30,000 yen (1,000 yen x 30 tickets)▲

End of fiscal year

● The UKAI Group common meal certificate may be used at each shop listed on the UKAI web site (https://www.ukai.co.jp/).

Shareholder
incentive item number

Released
February 2022
(Nikkei Business
Publications, Inc.)

Dividends per shareFirst half of fiscal year

Ukai special selectbeef (for sukiyaki)

30,000 yen(1,000 yen x 30 certificates)

B

the Kato Pleasure Group web site (https://www.kpg.gr.jp/store/).
(Limited to management facilities within Japan except for the online shop)

Fiscal year ended in December 2021

28 yen Fiscal year ending in December 2022 31 yen (forecast)

A stock-spilt was conducted with the record date of August 31, 2021.
The above figure gives dividends after the stock split.

Kinki

Zaisan Networks Kyoto Co., Ltd. (SHINKEIEI SERVICE SHIMIZU Tax Co.)
Aoyama Zaisan Networks Kyoto Nijo Support (HIROSE LICENSED TAX ACCOUNTANT)SMO Corporation (Teruyoshi Sakon Tax Accountant Office)Zaisan Networks Osaka Co., Ltd. (Nihonkeiei Will Tax Accountant Corporation)
Seki Soken Zaisan Partners Co., Ltd (AZ TAX Corporation)
Shibata Business Consulting Co., Ltd. (SBC Partners Tax Corporation)
Act-cess Tax Accountant
Inada Accounting Tax Corporation
Aoyama Zaisan Networks Wakayama Support (Nishioka Accounting Office)

Chugoku

Shinichi Kishimoto Certified Tax Accountant Office
Aoyama Zaisan Networks Shimane Support (Chikashige Tax Office)Ikeda & Company Inc.
Fast Service Co., Ltd. (Nishikori Accounting Office)
OKAYAMA SOUKEN Consulting Co., Ltd. (OKAYAMA SOUKEN Tax Corporation)
Hikasa Accounting Co., Ltd. (Hikasa Accounting Office)Ishii Consulting Co., Ltd. (Ishii Tax Accounting)
Kato Hitoshi Certified Tax Accountant Office
Tax Accountants’Corporation Wakamiya & Partners
Second Ace Tax Corporation
Business Support & Create Co., Ltd. (Shinkai Tax Accountant Office)
Office Mitsuhiro (Mitsuhiro Tax Accounting Office)Tsutomu Nakano Certified Tax Accountant Office

Shikoku

Zaisan Consultants Tokushima Co., Ltd. (M.A.S. AGENT GROUP)
Midori Zaisan Consultants Co., Ltd. (Midori Tax Corporation)
Nonaka Keiei Corporation (Nonaka Management Consulting Office)

KyushuAoyama Zaisan Networks Kyushu Co., Ltd. (Shinohara Ueda Tax Corporation)
Sasaki Soken Co., Ltd. (Nishi Nihon Tax Corporation)
Satsuki Partners Co., Ltd. (Satsuki Hisadome accounting firm)
Nakata Certified Public Accountant Office
Masahiko Yasuda Certified Tax Accountant Office
Aoyama Zaisan Networks Saga Support (MOROI Accounting Firm)
Aoyama Zaisan Networks Nagasaki Support (Chuo Sogo Accounting Office)
MFAS Co., Ltd. (Nagata Yoshiro Tax Accountant Office)
NAGATA KAIKEIMIRAI TAX ACCOUNTING OFFICEIDEA Research Institute Licensed Tax Accountant Corporation (IDEA Soken Tax Accountant Corporation)
Mori Accounting Tax Corporation
Takenori Kubo Tax Accountant & Administrative Scrivener
Zaisan Networks Okinawa Co., Ltd. (PS Accounting Office)＊98 offices

Hokkaido

A must read for managers of family companies

The book is most useful for managers of unlisted family companies when concerned about inheritance and succession.
The book explains failed business successions due to successions that lacked feeling, understanding, or appreciation,using 19 cases as examples.
The book covers the topic in three chapters—“Desire and Attachment Business Succession,”“Envy and Anger BusinessSuccession,”and“Mindless Business Succession.”

Tsubasa M&A Partners (Tsubasa Tax Corporation)
Aozorakeiei Tax Corporation
Aoyama Zaisan Networks Kanazawa (HATAKE Management Group)
Kimura Business Succession Brain Co., Ltd. (KIMURA KEIEI BRAIN CO., LTD.)
Nochide Kaikei Tax Corporation
Aoyama Zaisan Networks Fukui Support (Uesaka Consulting Firm)
Nihon Soken Tax Corporation
Zaisan Networks Nagano Co., Ltd. (Nozomi Tax Corporation)
Mas Networks Co., Ltd. (The Narusako Accounting Firm Group)
Misawa property consulting Co. (Misawa Accounting Group)
SHINKO MANAGEMENT CENTER Co., Ltd. (SHINKO MANAGEMENT GROUP)MMPC Consultants Corporation (MMPC Tax Corporation)
Zaisan Networks Shizuoka Co., Ltd. (Iwasaki Tax Corporation)
Aim Nakano Accounting Co., Ltd. (ARIASU ZEIRISIHOUJIN)
Apex Inc. (Kimura Certified Public Tax Accountant Office)Zaisan Networks Nagoya Support (Meinan Consulting Network)
tax accountants’corporation kanade
J-MACS Advisory LLC (J-MACS Tax Accountant Office)Public Tax Accountant’s Corporation SMASH Business Management
Aoyama Zaisan Networks Mie Support (Midland Management Group Mie)

List of AZN nationwide network members Japan 97 bases(as of January 31, 2022)

A must read for land-owning asset holders and managers of family businesses concerned about succession

Inheritance Plans for a 100-Year Life—Leaving Assets and Intentions From“Five Perspectives”

Chubu

Overseas

Overseassubsidiaries■

Aoyama Wealth Management Pte. Ltd. (Singapore)■

PT. Aoyama Zaisan Networks Indonesia (Indonesia)

Overseas
partners■

Hong Kong investment consulting partner■

American property management partner■

Major Indonesian industrial conglomerate■

American real estate partner

6

Corporate Data (as of December 31, 2021)

Executives (as of March 30, 2022)

Na m e o fCompany

Aoyama Zaisan Networks Company,
LimitedHead Office

3F Aoyama Tower Place, 8-4-14 Akasaka,
Minato-ku, Tokyo 107-0052
Tel. +81-3-6439-5800

Incorporated

September 17, 1991

Capital stock

1,167.60 million yen

Business line

Individual property consulting
Business succession consulting
Real estate solutions consulting

Number of
employees (Group)

259

Consolidated
subsidiaries

4 companies including Aoyama Estate Co.,
Ltd., Nihon Shisan Soken Co., Ltd., Aoyama
Zaisan Investments Co., Ltd., Aoyama
Zaisan Networks Kyushu Co., Ltd., Aoyama
Financial Service Co., Ltd. and Aoyama
Family Office Service Co., Ltd.

President

Masazumi Hasumi

Director, Managing Executive Officer

Masayuki Yagi

Director, Managing Executive Officer

Takeshi Matsuura

Director, Managing Executive Officer

Takaomi Ogawa

Director, Managing Executive Officer

Shintaro Hashiba

Director, Executive Officer

Shinji Shimane

Director, Executive Officer

Hideo Matsuda

Director

Michihiro Nagasaka

Outside Director

Haruo Shimada

Outside Director

Keiji Watanabe

Outside Auditor (standing)

Hiroyuki Fujita

AuditorHisao Nakatsuka

Outside Auditor

Hiroaki Rokugawa

Stock Overview (as of December 31, 2021)

Notes for Shareholder

Number of shares in issue ������ 24,362,800
Number of shareholders��������� 5,336
Major Shareholders (Top 10)

Fiscal year
Base date for the determinationof shareholders with year-end
dividend entitlements
Base date for the determinationof shareholders with interim
dividend entitlements
General meeting of shareholders
Administrator of the shareholder
registry/Account management
institution for special accountShares held

Shareholding ratio

Masazumi Hasumi

Name2,493,300

10.32

NOMURA PB NOMINEES LIMITED
BUS – MARGIN (CASH BP)

1,130,500

4.68

STATE STREET BANK AND TRUSTCLIENT OMNIBUS ACCOUNT OM 02
505002

1,048,600

4.34

Nihon M&A Center Inc.

1,000,000

4.14

Yasuo Takano

691,600

2.86

Custody Bank of Japan, Ltd. (trust
account 9)681,600

2.82

BNY GCM CLIENT ACCOUNT JPRD
AC ISG (FE－AC)

648,041

2.68

MSIP CLIENT SECURITIES

582,300

2.41

Custody Bank of Japan, Ltd.
(pension trust account)

442,200

1.83

The Master Trust Bank of Japan, Ltd.
(trust account)

431,100

1.78

Contact

Stock exchange listings
Public announcements

January 1 to December 31
December 31

June 30in March
Mitsubishi UFJ Trust and Banking
Corporation
Mitsubishi UFJ Trust and Banking Corporation, Stock Transfer
Agency Department
1-1, Nikko-cho, Fuchu-shi, Tokyo
Tel. 0120-232-711 (toll-free, Japan only)
Mailing address: P.O. Box 29, Shin-Tokyo Post Office 137-8081
Mitsubishi UFJ Trust and Banking Corporation, Stock Transfer
Agency Department
TSE Second Section
To be announced on the Company’s website(For reference)
1. Shareholders’address changes, repurchase requests, and such other procedures, asa rule, are filled with the account-administrating institutions where shareholders
have their accounts (securities companies, etc.). Shareholders are requested tocontact their account holding securities companies, etc., for information.
Shareholders are reminded that application filings cannot be made with theadministrator of shareholder registry (Mitsubishi UFJ Trust and Banking Corporation).
2. Dividends hitherto uncollected by shareholders are paid by Mitsubishi UFJ Trust andBanking Corporation, Head Office Branch.