March 5, 2024
To All Stakeholders:CompanyRepresentative
Stock CodeListings
Contact

USS Co., Ltd.
Yukihiro Ando
Chairman and Representative Director4732
Prime Market, Tokyo Stock Exchange
Premier Market, Nagoya Stock Exchange
Masafumi Yamanaka
Executive Vice President,Officer, Supervisory Office(Tel +81-52-689-1129)

Announcement on Stock Split and Partial Amendment of the Articles of Incorporation
The Board of Directors of USS Co., Ltd. approved a resolution to conduct a stock split, to makea corresponding partial amendment of its articles of incorporation as follows.
1. Purpose of stock split
By lowering the cost of purchasing one investment unit of USS stock, the split is expected tomake this stock accessible to an even broader range of investors by increasing the liquidityof USS stock and making an investment in this stock easier.
2. Summary of the stock split(1) Method
USS common stock will be split 2-for-1 with a record date of Sunday, March 31, 2024 (Since
this day falls on a non-business day of the shareholder registry administrator, thesubstantial record date will be Friday, March 29, 2024.).
(2) Increase in the number of shares
1) Shares issued before the split
257,000,0002) Increase due to the split
257,000,000
3) Shares issued after the split
514,000,000
4) Authorized number of shares
2,000,000,000*The total number of shares issued mentioned above are based on the total number ofissued shares as of March 5, 2024, and may increase during the period up to the record
date of the stock split due to the exercise of stock acquisition rights.

(3) Schedule
1) Record date announcement
2) Record date3) Date of stock split

March 15, 2024
March 31, 2024
April 1, 202413. Partial Amendment of the Articles of Incorporation(1) Reason for the Amendment
Effective April 1, 2024, the total number of authorized shares of the Company set forthin Article 6 will be revised as a result of the stock split, pursuant to Article 184 Paragraph 2of the Companies Act.
(2) Details of the Amendment
The proposed amendment is as follows.
(Amended portion underlined)
Current Articles of Incorporation
Articles of Incorporation after Amendment(Total number of authorized shares)(Total number of authorized shares)
Article 6. The Company is authorized to issue Article 6. The Company is authorized to issue
up to 2,000,000,000 shares.
up to 1,200,000,000 shares.
(3) Schedule
1) Board resolution date

March 5, 2024

2) Effective date

April 1, 2024

4. Other items(1) Changes in share capital
There are no changes in share capital due to this stock split.
(2) Dividend
There is no change in the dividend forecast of ¥38.40 per share for the fiscal year ending inMarch 2024 because this dividend is based on the number of shares issued before the stocksplit.
(3) Increase in shareholder benefits
USS has a shareholder benefit program for the purposes of expressing appreciation for thesupport of shareholders and making USS stock even more appealing in order to increase thenumber of long-term shareholders who understand and support the operations and goals ofUSS.
Reference: Summary of shareholder benefits
Shares held
Annual benefit
100-499¥500 QUO card (two times)
500-999¥2,000 Mitsui Sumitomo VJA gift card (two times)
1,000-9,000¥5,000 gourmet gift (two times)
10,000+¥10,000 gourmet gift (two times)*To help shareholders better understand the stock split, we have prepared a Frequently Asked
Questions (FAQ), which can be found on the next page.

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Stock split (April 1, 2024) questions and answers
Frequently Asked Questions (FAQ)
Q. Why did USS decide to do this stock split?
By lowering the cost of one investment unit of USS stock and increasing the stock’s liquidity,
the split is expected to attract an even broader range of investors because investing in USS
stock will become even easier.
Q. How will the split affect the minimum investment in USS stock?
The split is expected to reduce the minimum investment to about half the current amount.
For example, based on a pre-split stock price of ¥2,600:
Minimum pre-split investment: ¥2,600 x 100 shares (one investment unit) = ¥260,000
Minimum post-split investment: ¥1,300 x 100 shares (one investment unit) = ¥130,000
Q. How will be value of a current holding of 100 shares change?
A holding of 100 shares will become 200 shares after the split. Assuming that the stock priceis half of the pre-split amount, there will be no change in the value of this holding before andafter the split.
Q. Do shareholders need to complete a procedure for this stock split?
No actions by shareholders are necessary.
Q. How will the dividend change after the stock split?
The total amount of dividends received will not change because the stock split will double
the number of shares held.
The date of the stock split is April 1, 2024. Consequently, there is no change in the original
forecast of a dividend of ¥38.40 per share for the fiscal year ending in March 2024 with arecord date of March 31, 2024, when the number of shares issued has not changed due to thestock split.
Q. Will the shareholder benefit program change?
There will be no change in the terms of the shareholder benefit program after the stock split.
As a result, benefits received by shareholders will increase due to this split.
Reference: Summary of shareholder benefits
Shares held

Annual benefit

100-499¥500 QUO card (two times)

500-999¥2,000 Mitsui Sumitomo VJA gift card (two times)

1,000-9,000¥5,000 gourmet gift (two times)

10,000+¥10,000 gourmet gift (two times)

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