May 25, 2018
Company: Tamagawa Holdings, Co., Ltd.
Representative name: President, Toru Masuzawa(JASDAQ Code: 6838)
Contact: Management Planning Division, Junya Tokumoto
Tel: 03-6435-6933

Notice on Change in Share Unit Number, and Share Consolidation,
and Partial Amendment of the Articles of Incorporation
Please be informed as follows that we made decision on amendment in the share unit number and partial
amendment of the Articles of Incorporation at the board of directors held today, and also determined to bring
the discussion on share consolidation and partial amendment of the Articles of Incorporation at the 50thordinary shareholders’ meeting to be held on June 28, 2018 (hereafter “this Shareholders’ Meeting”).
1. Amendment of share unit number(1) Reason for amendment
Japanese Stock Exchanges Conference announces “Plan of Conduct for Aggregation of Unit of Exchange”
and aims to integrate the unit of exchange of ordinary shares of all the domestic listed companies into 100
shares before October 1, 2018.
We also respect this purpose as a company listed at Tokyo Stock Exchange and decided to amend the unitof exchange of our shares (share unit number) from current 1,000 shares to 100 shares.

(2) Content of amendment
We amend the share unit number from 1,000 shares to 100 shares.

(3) Scheduled date for amendment
October 1, 2018

(4) Conditions for amendment
Partial amendment of the Articles of Incorporation concerning this case is to be made by decision of theboard of directors in accordance with the stipulation of the Companies Act, but this partial amendment ofthe Articles of Incorporation is subject to approval and agreement upon the following bill concerning “2.
Share consolidation” as the original proposal at this Shareholders’ Meeting.

2. Share consolidation(1) Purpose of share consolidation
For changing the share unit number from 1,000 shares to 100 shares as described in above “1. Change ofshare unit number,” in consideration of medium- to long-term share price fluctuations of our shares, we will
execute share consolidation (10 shares into 1 share) in order to reach the investment unit standard (morethan 50,000 yen under 500,000 yen) considered by the stock exchange as desirable.

(2) Content of share consolidation①Share type for share consolidation: Ordinary shares②Manner / rate of share consolidation: 10 owned shares are combined into 1 share on October 1, 2018 forthe shares owned by the shareholders listed in the final shareholders’ registry as of September 30, 2018(practically as of September 28).
③The number of shares reducing due to share consolidation
Total number of issued shares before share consolidation (as of March 31, 2018)

44,046,000 shares

The number of shares reducing due to share consolidation

39,641,400 shares

Total number of issued shares after share consolidation

4,404,600 shares(Note) “The number of shares reducing due to share consolidation” and “total number of issued shares after
share consolidation” are the theoretical values calculated based on the total number of issued
shares before share consolidation and share consolidation rate.

(3) The number of shareholders reducing due to share consolidation
Composition of the shareholders based on the shareholder registry as of March 31, 2018 is as follows.
Number of shareholders (ratio)

Number of owned shares (ratio)

Total number of shareholders

2,592 (100.0%)

44,046,000 shares (100.0%)

Under 10 shares

58 (2.2%)

138 shares (0.00%)

More than 10 shares

2,534 (97.8%)

44,045,862 shares (100%)(Note) If share consolidation is executed based on the above composition of shareholders, the 58
shareholders (total number of owned shares: 138 shares) whose owned shares are under 10 shares
will lose his/her status as shareholders after the process described in below (4). Thoseshareholders may also use the procedures of “Buy-out of odd-lot shares” before share consolidation
comes in force. Please contact your securities company of trading, or our shareholder registry
manager.

(4) Process when there is broken number under 1 share
If there is a broken number under 1 share as a result of share consolidation, it shall be disposed of in alump sum in accordance with Article 235 of the Companies Act, and such disposition amount shall be
distributed to the shareholders according to the ratio of the broken number.

(5) Total number of authorized shares as of the effective date of share consolidation
13,419,600 shares (134,196,000 shares before share consolidation)
In addition, in accordance with Article 182, Section 2 of the Companies Act, the stipulation of the Articles ofIncorporation stipulating the total number of authorized shares is deemed to have been amended as
described above on the effective date of the share consolidation (October 1, 2018).

(6) Conditions for share consolidation
Subject to approval and agreement upon the bill concerning the Revers Share Split as the original proposal
at this Shareholders’ Meeting.

3. Partial amendment of Articles of Incorporation
Subject to approval and agreement upon the bill concerning above “2. Share consolidation” as the original
proposal at this Shareholders’ Meeting, our Articles of Incorporation shall be amended as follows as ofOctober 1, 2018.

(The underlined indicates the amended part)
Current Articles of Incorporation

After amendment(Total number of authorized shares)(Total number of authorized shares)

Article 6

Article 6

The Company’s total number of authorized shares

The Company’s total number of authorized sharesshall be 134,196,000 shares.

shall be 13,419,600 shares.

(Share unit number)(Share unit number)

Article 8

Article 8

The Company’s share unit number shall be 1,000

The Company’s share unit number shall be 100

shares.

shares.

4. DateDecision date of board of directors: May 25, 2018
Ordinary shareholders’ meeting: June 28, 2018 (scheduled)
Final trading date with 1,000-share unit: September 25, 2018 (scheduled)
Trading starting date with 100-share unit: September 26, 2018 (scheduled)
Effective date of share consolidation: October 1, 2018 (scheduled)
Effective date of amendment of share unit number: October 1, 2018 (scheduled)
Effective date of partial amendment of Articles of Incorporation: October 1, 2018 (scheduled)Attached document(Reference) Questions and answers concerning the amendment of share unit number and shareconsolidation
Q1. What is amendment of share unit number?
A1. Change of share unit number is to amend the number of shares which are the unit of voting right at theshareholders’ meeting and the unit of trading at the stock exchange.
the share unit number from 1,000 shares to 100 shares.

In this amendment, we will amend

Q2. What is share consolidation?
A2. Share consolidation is to combine multiple shares and make a smaller number of shares.
amendment, we will combine 10 shares into 1 share.

In thisQ3. What is the purpose for amendment of share unit number and share consolidation?
A3. Japanese Stock Exchanges Conference announces “Plan of Conduct for Aggregation of Unit ofExchange” and aims to integrate the unit of exchange of ordinary shares of all the domestic listedcompanies into 100 shares before October 1, 2018.
We also respect this purpose as a company listed at Tokyo Stock Exchange and decided to change theunit of exchange of our shares (share unit number) from current 1,000 shares to 100 shares.
Accordingly, we have decided to execute share consolidation (10 shares into 1 share) for the purpose ofadjusting to the standard of investment unit considered by the stock exchange as desirable (more than50,000 yen under 500,000 yen) in consideration of medium-term to long-term share price fluctuations
concerning our shares.
Q4. What will happen to the number of owned shares and voting right of the shareholders?
A4. The number of owned shares of the shareholders after share consolidation shall be the number of owned
shares recorded in the final shareholder registry as of September 30, 2018 (practically September 28)
multiplied by a tenth (any broken number under 1 shall be rounded down). The number of voting rights
shall be 1 per 100 owned shares after share consolidation. In specific, the number of owned shares andvoting right shall be as follows before and after amendment of share unit number and share consolidation.
Before it comes in force

After it comes in force

Number of owned
sharesNumber of voting
rightsNumber of owned
sharesNumber of voting
rights

Odd shares

13,000 shares

3300 shares

3None

2

1,234 shares

1123 shares

10.4 share

3100 shares

010 shares

0None410 shares

01 share0None

53 shares

00 share00.3 share

ExampleNo special procedure is required for the shareholders applicable to Example 1, 3 and 4.
For the shareholders applicable to Example 2 and 5, we will dispose of all the odd shares in a lump sum inaccordance with Article 235 of the Companies Act, and distribute such disposition amount to theshareholders to whom the broken number occurs. This disposition amount will be paid in late November
2018. The shareholders whose owned shares before it comes in force are under 10 shares (Example 5above) will lose his/her status as shareholders because all the owned shares become odd shares.
We appreciate your understanding.

[Contact]
Please contact your securities company you trade with or following shareholder registry manager for any
question concerning the amendment of share unit number and share consolidation.

(Shareholder registry manager)
2-8-4, Izumi, Suginami-ku, Tokyo
Sumitomo Mitsui Trust Bank, Limited, Securities Agency Division
Tel: 0120-782-031 (toll free)Business hours: Weekdays, 9:00 to 17:00