September 20, 2017
To whom it may concern,
Company name: N i s h i m o t o C o . , L t d .
Name of representative: P r e s i d e n t Takayuki Kanai( Code No.: 9260 1st Section of Tokyo Stock Exchange )Contact: D irecto r and CFO Atsuhiko Kimura( TEL: 03-6870-2015 )Notification of Determination of the Offer Price and the Sale Price, as well as the Numberof Shares to be sold related to the Secondary Offering of Shares through Over-allotment

We are pleased to announce that the offer price and the sale price of the Company’s shares, as well as
the number of shares to be sold related to the secondary offering of shares through over-allotment
have been determined as follows:
1. Offer price/sales price: 4,750yen per share
2. Basis for the determination of the priceIn determining the offer price, we have performed the book building process through institutional
investors, among others, based on the provisional conditions (4,500yen–5,250yen).
With regard to the book building process, we found the following characteristics:
1) Total number of shares demanded well exceeded the number of shares offered.
2) The number of shares demanded was high.
3) The demand from investors other than institutional investors exceeded the demand frominstitutional investors.
As a result of the above book building process, we realized that the offer price is a price at which
demand exceeding the number of shares to be offered is expected, and therefore we set the price at
4,750yen, while also taking into consideration the conditions of the current market environment,
valuation of newly listed shares in the current market, price fluctuation risks during the period until
the listing date, etc. in a comprehensive manner.
Furthermore, we determined the underwriting price at 4,467.37yen.
3. Number of shares to be sold related to the secondary offering of shares through over-allotment:
555,000 shares
4. Matters concerning the amount of stated capital and additional paid-in capital to be increased:
1) Issuance of new shares through public offeringStated capital to be increased: 2,524,064,050yen (2,233.685yen per share)
Additional paid-in capital to be increased: 2,524,064,050yen (2,233.685yen per share)
Note: This document does not constitute an offer of any securities for sale. This document has beenprepared for the sole purpose of publicly announcing the issuance of new shares, disposal oftreasury shares, and secondary offering of shares of the Company and it is not for the purpose ofsoliciting investment, etc., both in and outside Japan. When investing in common stocks of theCompany, inventors should refer to the prospectus and relevant amendments for the issuance of
new shares, disposal of treasury shares, and secondary offering of shares that have been preparedby the Company before making a decision. This document is not an offer to sell, or solicitation of an
offer to buy, securities in the United States. In the United States, under the United States
Securities Act of 1933, except for the registration of securities or an applicable exemption fromsuch registration requirement, offering or sale of securities may not be conducted. The securities
referred to in this document will not be publicly offered in the United States.

2) Issuance of new shares by allotment to a third party
Stated capital to be increased (maximum): 1,239,695,175yen (2,233.685yen per share)
Additional paid-in capital to be increased (maximum): 1,239,695,175yen (2,233.685yen pershare)

Note: This document does not constitute an offer of any securities for sale. This document has been
prepared for the sole purpose of publicly announcing the issuance of new shares, disposal oftreasury shares, and secondary offering of shares of the Company and it is not for the purpose ofsoliciting investment, etc., both in and outside Japan. When investing in common stocks of theCompany, inventors should refer to the prospectus and relevant amendments for the issuance of
new shares, disposal of treasury shares, and secondary offering of shares that have been preparedby the Company before making a decision. This document is not an offer to sell, or solicitation of an
offer to buy, securities in the United States. In the United States, under the United States
Securities Act of 1933, except for the registration of securities or an applicable exemption fromsuch registration requirement, offering or sale of securities may not be conducted. The securities
referred to in this document will not be publicly offered in the United States.

[For reference]
Summary of the issuance of new shares through public offering, disposal of treasury shares throughpublic offering, and secondary offering of shares
1. Number of shares to be issued and sold(1) Number of shares Common stock 1,850,000 shares
to be issued(Issuance of new shares: 1,130,000 shares/
Disposal of treasury shares: 720,000 shares)(2) Number of shares Common stock Secondary offering of shares through purchase andto be soldunderwriting by the underwriter: 1,850,000 shares
Secondary offering of shares through over-allotment:
555,000 shares
2. Offering and sale period: September 21, 2017 (Thursday) to September 26, 2017 (Tuesday)
3. Payment date: September 28, 2017 (Thursday)
4. Delivery date: September 29, 2017 (Friday)● shares of the shares to be sold related to the secondary offering of shares through purchase andunderwriting by the underwriter described in 1-(2) above will be sold to investors in overseas markets(excluding the U.S. and Canada) with a focus on European and Asian markets through affiliatedcompanies, etc., of Nomura Securities Co., Ltd.

Note: This document does not constitute an offer of any securities for sale. This document has been
prepared for the sole purpose of publicly announcing the issuance of new shares, disposal oftreasury shares, and secondary offering of shares of the Company and it is not for the purpose ofsoliciting investment, etc., both in and outside Japan. When investing in common stocks of theCompany, inventors should refer to the prospectus and relevant amendments for the issuance of
new shares, disposal of treasury shares, and secondary offering of shares that have been preparedby the Company before making a decision. This document is not an offer to sell, or solicitation of an
offer to buy, securities in the United States. In the United States, under the United States
Securities Act of 1933, except for the registration of securities or an applicable exemption fromsuch registration requirement, offering or sale of securities may not be conducted. The securities
referred to in this document will not be publicly offered in the United States.