RULES REGARDING SERVICE FEES APPLICABLE TO
THE BOOK-ENTRY TRANSFER SYSTEM FOR SHARES, ETC.
(January 4, 2024)[TRANSLATION]

This translation is prepared solely for reference purpose and shall not haveany binding force. This is an unofficial translation and the original Japanese
text will be definitive in case of any divergence in the meaning.
Japan Securities Depository Center, Incorporated (JASDEC) shall not accept
any responsibility or liability for damage or loss caused by any error,
inaccuracy, misunderstanding or misspelling with regard to this translation.

JAPAN SECURITIES DEPOSITORY CENTER, INC.

Article 1

Purpose

These rules shall prescribe necessary matters regarding the service fees to be paid to
JASDEC pursuant to the provisions of Article 286 of the Operational Rules Regarding
Book-Entry Transfer of Shares, etc. (hereinafter referred to as the “Operational Rules”)
by issuers of the Book-Entry Transfer Share, etc., Administrators of Shareholder
Register, Administrators of Investor Register, etc., Administrators of Preferred Equity
Investor Register, Administrators of Beneficiary Register, Issuing Agents, Paying
Agents, JASDEC Participants, Indirect Account Management Institutions, FundSettlement Corporations, Payment-Handling Banks, any person making a demand to
JASDEC pursuant to the provisions of Article 255-2, Paragraph 1 of the Operational
Rules (excluding JASDEC Participants) and any person making a demand to JASDEC
pursuant to the provisions of Article 287, Paragraph 1 of the Operational Rules (limited
only to the Interested Parties of JASDEC Participants) (hereinafter referred to as the“Assessed Parties”).
Article 2

Defined Terms

The terms used in these rules which are the same as those in the Operational Rules orthe Enforcement Rules of Operational Rules Regarding the Book-Entry Transfer of
Shares, etc. shall have the same meaning as ascribed therein.
Article 3Service Fees

The Assessed Parties shall pay to JASDEC the service fees prescribed in the Appendix(meaning the sum of the amounts calculated for each fee category prescribed in the
Appendix) in a manner prescribed separately by JASDEC. In this case, amounts
corresponding to the applicable consumption tax and local consumption tax shall be
added to such service fees.
Article 4

Time of Payment

The time of payment of the service fees prescribed in the preceding article shall be asprescribed in each of the following items for the category of the Assessed Party set forthin the item:1(1) Issuer of the Book-Entry Transfer Shares, etc.:
With respect to the semi-annual period from December of the preceding year
through May of the current year, by the last business day of June of thecurrent year and for the semi-annual period from June of the current year
through November of the current year, by the last business day of Decemberof the current year.
(2) Administrator of Shareholder Register, Administrator of Investor Register,etc., Administrator of Preferred Equity Investor Register, Administrator of
Beneficiary Register, Issuing Agent, Paying Agent, JASDEC Participant,Indirect Account Management Institution, Fund-Settlement Corporation, andPayment-Handling Bank:
With respect to the current month, by the last business day of the following
month.
(3) Person making a demand to JASDEC pursuant to the provisions of Article
255-2, Paragraph 1 of the Operational Rules (excluding JASDEC
Participants) and person making a demand to JASDEC pursuant to theprovisions of Article 287, Paragraph 1 of the Operational Rules (limited only
to the Interested Party of a JASDEC Participant):
By the day separately designated by JASDEC.
Article 5

Delay Damages

When any Assessed Party fails to pay the service fees by the time of payment prescribedin the preceding article, JASDEC may collect from the Assessed Party delay damages at
the rate of JPY 0.04 per day for each JPY 100 of the unpaid amounts.
Supplementary Rules
1.

2.

These rules shall come into effect as of the implementation day of the Act for
Partial Amendments of the Act on Book-Entry Transfer of Corporate Bonds andOther Securities for the Purpose of Streamlining the Settlement of Trades of Sharesand Other Securities, etc. (Act No. 88 of 2004) prescribed in the main text ofArticle 1 of the Supplementary Provisions of the Act (hereinafter referred to as the“Implementation Day”).
The account opening fee to be paid by a participant referred to in Article 2 of the
Supplementary Rules of the Operational Rules when a JASDEC Participant

2

3.

4.

5.

6.

Account is opened on the Implementation Day shall be, notwithstanding 1 of the
Appendix, an amount derived from multiplying ¥300,000 by the number ofClassified Accounts of the JASDEC Participant Account that do not have the same
identity as Classified Accounts which were opened pursuant to Article 18 of the
Operational Rules Relating to Stock Certificates, etc. on the day preceding the
Implementation Day (meaning the Classified Accounts whose JASDEC Participant
Codes are different from Participant Codes prescribed in Article 9, Paragraph 2 of
the Enforcement Rules for the Operational Rules Relating to Stock Certificates,
etc., unless otherwise prescribed by JASDEC).
Of the book-entry transfers on the Implementation Day, with respect to thosetransfers performed pursuant to the Day-Old Demand for Book-Entry Transfer or
the Day-Old Demand for Balance Adjustment (limited only to those transfers
relating to book-entry transfer between Classified Accounts of the same JASDEC
Participant), the Book-Entry Transfer Fee prescribed in 1. of the Appendix shallnot apply.
With respect to new records pursuant to the provisions of Articles 5, Article 19 andArticle 20 of the Supplementary Rules of the Operational Rules, the New Record
Fee prescribed in 2. of the Appendix shall not apply.
A person making a demand for delivery of a certified copy or an abridged copy of
the transfer receipt register prescribed in Articles 16 and 29 of the Supplementary
Rules of the Operational Rules shall pay ¥500 for each certified copy or abridged
copy (for the copy whose number of pages exceeds 10 pages, ¥10 shall be added
for each page exceeding 10 pages).
A person making a demand for issuance of the Principal and Interest Payment
Content Certificate relating to the principal and interest paid prior to the
Implementation Day shall pay ¥500 for each certificate copy (for the copy whose
number of pages exceeds 10 pages, ¥10 shall be added for each page exceeding 10
pages).
Supplementary Rules (Notice on March 30, 2009)

These amended provisions shall come into effect as of April 1, 2009. However,amendment rules as to Account Inquiry Fee shall be applied to the inquiry on and afterJanuary 5, 2009.
Supplementary Rules (Notice on December 30, 2009)3

These amended provisions shall come into effect as of December 30, 2009.
Supplementary Rules (Notice on March 29, 2010)
These amended provisions shall come into effect as of March 29, 2010. However,account management fee and Book-Entry Transfer System usage fee relating to Gross
Purchase Type Share Options prescribed in Article 6, Paragraph 4 of Operational Rules
Regarding Book-Entry Transfer of Shares, etc. are applied from the calculation of thefee for July, 2010.
Supplementary Rules (Notice on March 29, 2010)
These amended provisions shall come into effect as of April 1, 2010.
Supplementary Rules (Notice on April 7, 2010)
1.

2.

3.

These amended provisions shall come into effect as of the effective date of theprovisions set forth in Item 3 of the Supplementary Provisions of the Act forAmendments of the Related Acts Accompanying the Enactment of the Trust Act,etc. (Act No. 109, 2006, hereinafter referred to as the “Supplementary Provisionsof the Amending Act”).
A person making a demand for delivery of a certified copy or an abridged copy of
the transfer receipt register prescribed in Article 4, Paragraph 1 and Article 9 of the
Supplementary Rules of the Operational Rules (Notice on April 7, 2010) shall pay¥500 for each certified copy or abridged copy (for the copy whose number of pages
exceeds 10 pages, ¥10 shall be added for each page exceeding 10 pages).
With respect to a demand for the issuance of a copy of the Book-Entry Transfer
Account Register of beneficiary certificate in trust prescribed in Article 4,
Paragraph 1 and Article 12 of the Supplementary Rules of the Operational Rules(Notice on April 7, 2010), the Fee of Issuance of Certificate of Matters Recorded in
the Book-Entry Transfer Account Register prescribed in 1. of the Appendix shallbe applied mutatis mutandis.
Supplementary Rules (Notice on July 30, 2010)

4

These amended provisions shall come into effect as of August 1, 2010.
Supplementary Rules (Notice on March 28, 2011)
These amended provisions shall come into effect as of April 1, 2011.
Supplementary Rules (Notice on March 28, 2011)
These amended provisions shall come into effect as of July 1, 2011.
Supplementary Rules (Notice on November 18, 2011)
These amended provisions shall come into effect as of November 28, 2011.
Supplementary Rules (Notice on March 26, 2012)
These amended provisions shall come into effect as of April 1, 2012.
Supplementary Rules (Notice on August 26, 2013)
These amended provisions shall come into effect as of September 1, 2013.
Supplementary Rules (Notice on October 31, 2013)
These amended provisions shall come into effect as of January 6, 2014; provided,
however, that if JASDEC recognizes that the Book-Entry Transfer Services for Shares,
etc. cannot be or is not likely to be implemented under such amended provisions due totrouble in the operation of the systems managed by JASDEC, such amended provisions
shall come into force as of a day to be designated by JASDEC which day shall be on orafter January 7, 2014.
Supplementary Rules (Notice on November 26, 2014)
These amended provisions shall come into effect as of December 1, 2014.
Supplementary Rules (Notice on December 26, 2014)

5

These amended provisions shall come into effect as of January 5, 2015.
Supplementary Rules (Notice on April 27, 2015)
These amended provisions shall come into effect as of May 1, 2015.
Supplementary Rules (Notice on October 13, 2015)
These amended provisions shall come into effect as of January 1, 2016.
Supplementary Rules (Notice on March 25, 2016)
These amended provisions shall come into effect as of April 1, 2016.
Supplementary Rules (Notice on March 24, 2020)
These amended provisions shall come into effect as of April 1, 2020.
Supplementary Rules (Notice on September 4, 2020)
These amended provisions shall come into effect as of November 24, 2020; provided,
however, that if JASDEC recognizes that the Book-Entry Transfer Services for Shares,
etc. cannot be or is not likely to be implemented under such amended provisions due totrouble in the operation of JASDEC’s systems, such amended provisions shall comeinto effect as of a day to be designated by JASDEC which day shall be on or afterNovember 25, 2020.
Supplementary Rules (Notice on December 21, 2020)
These amended provisions shall come into effect as of January 18, 2021.
Supplementary Rules (Notice on February 26, 2021)
These amended provisions shall come into effect as of April 1, 2021.

6

Supplementary Rules (Notice on August 1, 2022)
These amended provisions shall come into effect as of September 1, 2022.
Supplementary Rules (Notice on December 15, 2023)
These amended provisions shall come into effect as of January 4, 2024.

7

Appendix
TABLE OF SERVICE FEES APPLICABLE TO THE BOOK-ENTRY TRANSFER SYSTEM FOR SHARES, ETC.
1. Fees to be Paid by JASDEC Participants(1)Book-Entry Transfer Fee
Classification
Book-Entry
Transfer
SharesAssessed Party(1) Non-Exchange Transaction Deliveries (meaning book-entry transfers other thanthose referred to in (2) and (3) below)
a. For book-entry transfers(except for those referred to in b. and c. below) basedon the demand for book-entry transfer prescribed in Article 53 of the
Enforcement Rules of the Operational Rules Regarding Book-Entry Transfer of
Shares, etc. (hereinafter referred to as the “Rules”), Transferor JASDEC
Participant and Transferee JASDEC Participantb. For book-entry transfers based on the Demand for DVP Book-Entry Transfer
prescribed in Article 65, Paragraph 1 of the Rules or a book-entry transfer
relating to the deposit of the Designated Collateral Securities prescribed in
Article 68-2, Paragraph 1 of the Rules (excluding cases where the book-entry
transfer to the Transferee DVP Participant is not carried out pursuant to Article
68-2, Paragraph 2 of the rules), Transferor DVP Participantc. For book-entry transfers based on the demand for book-entry transfer prescribedin Article 69 of the Rules or the demand for book-entry transfer prescribed in
Article 70, Paragraph 1 or 2 of the Rules (limited only to when the balance of
securities planned to be received in the DVP Account is applied to the demand),Transferee DVP Participant(2) Book-entry transfers between Classified Accounts, etc. (meaning book-entry
transfers referred to in a. to c. below)
a. For book-entry transfers based on the demand for book-entry transfer prescribedin Article 53 of the Rules (limited only to book-entry transfers between
Classified Accounts of the same JASDEC Participant), Transferor JASDEC
Participant and Transferee JASDEC Participantb. For book-entry transfers based on the demand for book-entry transfer relating to
the Securities Designated as Collateral prescribed in Article 68 of the Rules, abook-entry transfer relating to the deposit of the Designated Collateral
Securities prescribed in Article 68-2, Paragraph 1 of the Rules (limited to cases
where the book-entry transfer to Transferee DVP Participant is not carried out
pursuant to the Article 68-2, Paragraph 2), or a record of decrease and a recordof increase prescribed in Article 68-2, Paragraph 2 of the Rules, Transferor
JASDEC Participant and Transferee JASDEC Participantc. For book-entry transfers based on the demand for book-entry transfer between
balances of securities eligible for book-entry transfer prescribed in Article 70,
Paragraph 2 of the Rules (limited only to cases where the balance of the
Securities Designated as Collateral in the DVP Account is applied to thedemand for book-entry transfer and, furthermore, the demand for a book-entry

8

Fee Rate(i) Number of book-entry transfers in the current month(however, excluding those transfers that correspond to(ii) and (iii) below)(ii) Of the number of book-entry transfers in the current
month, a portion exceeding the number of book-entry
transfers derived from multiplying 10,000 transfers by
the number of business days of the said current month(iii) Of the number of book-entry transfers in the current
month, a portion of the number of book-entry
transfers relating to the book-entry transfers of sharesless than 1 unit (meaning book-entry transfers when
the number of shares transferred in a single bookentry transfer falls below 1 unit for the issue) (limited
however only to those portions that do not correspondto (ii) above)¥50 per transfer
80% of the ratein (i) per transfer
50% of the fee
rate in (i) per
transfer¥10 per book-entry transfer, etc.

transfer or a designation that is the cause for the demand for book-entry transfer
is not a demand for book-entry transfer to the JASDEC Participant Account ofanother JASDEC Participant), Transferor JASDEC Participant and Transferee
JASDEC Participant(3) Book-entry transfers relating to the settlement of Japan Securities Clearing
Corporation
Japan Securities Clearing Corporation

Classification
Book-Entry
Transfer
Corporate
Bonds with
Share Options,Book-Entry
Transfer Share
Options,
Book-Entry
Transfer
Investment
EquitySubscription
Rights(i) Number of book-entry transfers in the current month(excluding however those transfers corresponding to(ii) below)(ii) Of the number of book-entry transfers in the current
month, a portion exceeding the number of transfers
derived from multiplying 5,000 transfers by the
number of business days of the current month

Assessed Party(1) Non-Exchange Transaction Deliveries (meaning book-entry transfers other than those referred to in (2) and (3) below)
a. For book-entry transfers(excluding those in b. and c. below) based on the demand for book-entry transfer prescribed in Article 246 of theRules (including when the article is applied mutatis mutandis pursuant to Article 342 and 351-3 of the same Rules; the same shall apply
hereinafter in this classification), Transferor JASDEC Participant and Transferee JASDEC Participant¥25 per transfer
80% of fee ratein (i) per transfer

Fee Rate¥50 per bookentry transfer

b. For book-entry transfers based on the Demand for DVP Book-Entry Transfer prescribed in Article 253, Paragraph 1 of the Rules or a bookentry transfer relating to the deposit of the Designated Collateral Securities prescribed in Article 256-2, Paragraph 1 of the Rules (excluding
cases where the book-entry transfer to the Transferee DVP Participant is not carried out pursuant to Article 256-2, Paragraph 2 of the rules),Transferor DVP Participantc. For book-entry transfers based on the demand for book-entry transfer prescribed in Article 257 of the Rules or the demand for book-entry
transfer prescribed in Article 258, Paragraph 1 or 2 (limited only to cases where the balance of securities planned to be received in the DVP
Account is applied to the demand for book-entry transfer), Transferee DVP Participant(2) Book-entry transfers between Classified Accounts, etc. (meaning book-entry transfers referred to in a. to c. below)
a. For book-entry transfers (limited only to those between Classified Accounts of the same JASDEC Participant) based on the demand forbook-entry transfer prescribed in Article 246 of the Rules, Transferor JASDEC Participant and Transferee JASDEC Participant¥10 per bookentry transfer,etc.

b. For book-entry transfers based on the demand for book-entry transfer relating to the Securities Designated as Collateral prescribed in Article
256 of the Rules, a book-entry transfer relating to the deposit of the Designated Collateral Securities prescribed in Article 256-2, Paragraph
1 of the Rules (limited to cases where the book-entry transfer to Transferee DVP Participant is not carried out pursuant to the Article256-2,
Paragraph 2 or 3), or a record of decrease and a record of increase prescribed in Article 256-2, Paragraph 2 of the Rules, Transferor
JASDEC Participant and Transferee JASDEC Participantc. For book-entry transfers based on the demand for book-entry transfer relating to between balances of securities eligible for book-entry
transfer prescribed in Article 258, Paragraph 2 of the Rules (limited only to cases where the balance of the Securities Designated as
Collateral in the DVP Account is applied to the demand for book-entry transfer and, furthermore, the demand for a book-entry transfer or adesignation which is the cause for the demand for book-entry transfer is not a demand for book-entry transfer to the JASDEC Participant
Account of another JASDEC Participant), Transferor JASDEC Participant and Transferee JASDEC Participant(3) Book-entry transfers relating to the settlement of Japan Securities Clearing Corporation
Japan Securities Clearing Corporation
Classification
Book-Entry
Transfer
Investment

Assessed Party(1) Non-Exchange Transaction Deliveries (meaning book-entry transfers other than those referred toin (2) and (3) below)

9

Fee Rate(i) Number of book-entry transfers incurrent month(excluding however
those transfers that correspond to¥25 per bookentry transfer¥50 per transfer

Equity,Book-Entry
Transfer
Preferred Equity
Investments,
Book-Entry
Transfer
Beneficial
Interest in
Investment
Trust,
Book-Entry
Transfer
Beneficial
Interest

a. For book-entry transfers (excluding those referred to in b. and c. below) based on the demand forbook-entry transfer prescribed in Article 53 of the Rules which is applied mutatis mutandis
respectively pursuant to Articles 351, 352, 355 and 357-7 of the Rules (the same shall apply
hereinafter in this classification), Transferor JASDEC Participant and Transferee JASDEC
Participantb. For book-entry transfers based on the demand for DVP Book-Entry Transfer prescribed in
Article 65, Paragraph 1 of the Rules, or a book-entry transfer relating to the deposit of the
Designated Collateral Securities prescribed in Article 68-2, Paragraph 1 of the Rules (excluding
cases where the book-entry transfer to the Transferee DVP Participant is not carried out pursuant
to Article 68-2, Paragraph 2 of the rules), Transferor DVP Participantc. For book-entry transfers based on the demand for book-entry transfer prescribed in Article 69 of
the Rules or based on the demand for book-entry transfer prescribed in Article 70, Paragraph 1 or
2 of the same Rules (limited only to cases where the balance of the securities planned to bereceived in the DVP Account is applied to the demand for book-entry transfer), Transferee DVP
Participant(2) Book-entry transfers between Classified Accounts, etc. (meaning book-entry transfers referred toin a. to c. below)(i) below)(ii) Of number of book-entry transfers
in current month, a portion of thenumber of book-entry transfers
less than 1 trading unit at financial
instruments exchange (meaning
book-entry transfers for BookEntry Transfer Beneficial Interest
in Investment Trust or Book-Entry
Transfer Beneficial Interest when
the number of transfers in a single
trading transfer falls below 1 unit
for the issues)

50% of the ratein (i) per transfer¥10 per book-entry transfer, etc.

a. For book-entry transfers based on the demand for book-entry transfer prescribed in Article 53 of
the Rules (limited only to book-entry transfers between Classified Accounts of the same
JASDEC Participant, excluding however book-entry transfers relating to Book-Entry Transfer
Beneficial Interest in Investment Trust between JASDEC Participant Accounts of Japan
Securities Clearing Corporation referred to in (3) below), Transferor JASDEC Participant andTransferee JASDEC Participantb. For book-entry transfers based on the demand for book-entry transfer relating to the Securities
Designated as Collateral prescribed in Article 68 of the Rules, a book-entry transfer relating to
the deposit of the Designated Collateral Securities prescribed in Article 68-2, Paragraph 1 of theRules (limited to cases where the book-entry transfer to Transferee DVP Participant is not carriedout pursuant to the Article 68-2, Paragraph 2), or a record of decrease and a record of increaseprescribed in Article 68-2, Paragraph 2 of the Rules, Transferor JASDEC Participant andTransferee JASDEC Participantc. For book-entry transfers based on the demand for book-entry transfer relating to between
balances of securities eligible for book-entry transfer prescribed in Article 70, Paragraph 2 of theRules (limited only to cases where the balance of the Securities Designated as Collateral in the
DVP Account is applied to the demand for book-entry transfer and, furthermore, the demand fora book-entry transfer or a designation which is the cause for the demand for book-entry transfer
is not a demand for book-entry transfer to the JASDEC Participant Account of another JASDEC
Participant), Transferor JASDEC Participant and Transferee JASDEC Participant(3) Book-entry transfers relating to the settlement of Japan Securities Clearing Corporation
Japan Securities Clearing Corporation(2)Account Management Fee(a)Portion Proportionate to the Number of JASDEC Participant Accounts
Classification
CommonAssessed Party
A JASDEC Participant

Fee Rate¥10,000 monthly per Classified Account10¥25 per book-entry transfer

(b)Portion Proportionate to Account Balance
Classification
Book-Entry
Transfer
SharesAssessed Party
A JASDEC Participant having an accountbalance

A JASDEC Participant having an accountbalance in the Account Exclusively for
Collateral
A JASDEC Participant having an accountbalance in the Account for Foreign Nationals

Classification
Book-Entry
Transfer
Corporate
Bonds with
Share Options
Book-Entry
Transfer
Share Options

Classification
Book-Entry
Transfer
Investment
EquityAssessed Party
A JASDEC
Participant having an
account balance

A JASDEC
Participant having an
account balance

Fee Rate
With respect to a monthly average account balance (meaning the amount derived from dividing the sum of allbalances relating to all Classified Accounts of a JASDEC Participant on each business day of the relevant monthwhen the JASDEC Participant has been a JASDEC Participant by the number of business days of usage(meaning the number of days of the relevant month in which the JASDEC Participant has been a JASDEC
Participant; the same shall apply hereinafter); the same shall apply hereinafter)
Monthly amount per unit(i)
Portion of
0.5 million units or less
¥0.32(ii) Portion greater than
0.5 million units but
1.5 million units or less
¥0.28(iii) Portion greater than
1.5 million units but
3 million units or less
¥0.24(iv) Portion greater than
3 million units but
5 million units or less
¥0.20(v) Portion greater than
5 million units but
7 million units or less
¥0.16(vi) Portion greater than
7 million units but
10 million units or less
¥0.12(vii) Portion greater than
10 million units but
20 million units or less
¥0.08
(viii) Portion greater than
20 million units but
30 million units or less
¥0.04(ix) Portion greater than
30 million units but
50 million units or less
¥0.02(x) Portion greater than
50 million units¥0.01
With respect to a monthly average account balance of the Account Exclusively for Collateral¥0.02 monthly per unit
With respect to a monthly average balance of Foreign Ownership Limitation Issue recorded in the Account for
Foreign Nationals¥0.04 monthly per unit
Fee Rate

With respect to a monthly average account balance(i)
Portion of 400,000 book-entry transfer units or less(ii) Portion greater than 400,000 book-entry transfer units but 1 million book-entry transfer units or less(iii) Portion in excess of 1 million book-entry transfer units
With respect to a monthly average account balance
(i)
(ii)
(iii)

Portion of 400,000 book-entry transfer units or lessPortion greater than 400,000 book-entry transfer units but 1 million book-entry transfer units or lessPortion in excess of 1 million book-entry transfer units

Assessed Party
A JASDEC Participant having an account balance

Fee Rate
With respect to a monthly average account balance(i)
Portion of
0.5(ii) Portion greater than
0.5 million units but 1.5(iii) Portion greater than
1.5 million units but
3(iv) Portion greater than
3 million units but
5(v) Portion greater than
5 million units but
7(vi) Portion greater than
7 million units but 10(vii) Portion greater than
10 million units but 20

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million units or lessmillion units or lessmillion units or lessmillion units or lessmillion units or lessmillion units or lessmillion units or lessMonthly amount per
book-entry transfer unit
¥1.0
¥0.9
¥0.8
Monthly amount per
book-entry transfer unit
¥1.0
¥0.9
¥0.8

Monthly amount per unit
¥0.32
¥0.28
¥0.24
¥0.20
¥0.16
¥0.12
¥0.08

A JASDEC Participant having an account balancein the Account Exclusively for CollateralClassification
Book-Entry Transfer
Investment Equity
Subscription Rights

Classification
Book-Entry
Transfer
Preferred
EquityInvestments

Assessed Party
A JASDEC
Participant having
an account balance

Fee Rate
(i)
(ii)
(iii)

Portion of 400,000 book-entry transfer units or lessPortion greater than 400,000 book-entry transfer units but 1 million book-entry transfer units or lessPortion in excess of 1 million book-entry transfer units

A JASDEC Participant having an account balancein the Account Exclusively for Collateral

Book-Entry Transfer
Beneficial Interest

¥0.04
¥0.02
¥0.01

¥0.02 monthly per unit

With respect to a monthly average account balance

Assessed Party
A JASDEC Participant having an account balance

Classification
Book-Entry Transfer
Beneficial Interest in
Investment Trust(viii) Portion greater than
20 million units but 30 million units or less(ix) Portion greater than
30 million units but 50 million units or less(x) Portion greater than
50 million units
With respect to a monthly average account balance of the Account Exclusively for Collateral

Assessed Party
A JASDEC Participant having an
account balance

A JASDEC Participant having an
account balance in the AccountExclusively for Collateral
A JASDEC Participant having an
account balance

Monthly amount per
book-entry transfer unit
¥1.0
¥0.9
¥0.8

Fee Rate
With respect to a monthly average account balance
Monthly amount per unit(i)
Portion of
0.5 million units or less
¥0.32(ii) Portion greater than
0.5 million units but 1.5 million units or less
¥0.28(iii) Portion greater than
1.5 million units but
3 million units or less
¥0.24(iv) Portion greater than
3 million units but
5 million units or less
¥0.20(v) Portion greater than
5 million units but
7 million units or less
¥0.16(vi) Portion greater than
7 million units but 10 million units or less
¥0.12(vii) Portion greater than
10 million units but 20 million units or less
¥0.08
(viii) Portion greater than
20 million units but 30 million units or less
¥0.04(ix) Portion greater than
30 million units but 50 million units or less
¥0.02(x) Portion greater than
50 million units¥0.01
With respect to a monthly average account balance of the Account Exclusively for Collateral¥0.02 monthly per unit

Fee Rate
With respect to a monthly average account balance
Monthly amount per unit(i)
Portion of
0.05 million units or less
¥0.32(ii) Portion greater than
0.05 million units but 0.15 million units or less
¥0.28(iii) Portion greater than
0.15 million units but 0.30 million units or less
¥0.24(iv) Portion greater than
0.30 million units but 0.50 million units or less
¥0.20(v) Portion greater than
0.50 million units but 0.70 million units or less
¥0.16(vi) Portion greater than
0.70 million units but
1 million units or less
¥0.12(vii) Portion greater than
1 million units but
2 million units or less
¥0.08
(viii) Portion greater than
2 million units but
3 million units or less
¥0.04(ix) Portion greater than
3 million units but
5 million units or less
¥0.02(x) Portion greater than
5 million units¥0.01
With respect to a monthly average account balance of the Account Exclusively for CollateralWith respect to a monthly average account balance(i)
Portion of(ii) Portion greater than
0.05 million units but

120.05 million units or less0.15 million units or less¥0.02 monthly per unit
Monthly amount per unit
¥0.32
¥0.28

A JASDEC Participant having an
account balance in the AccountExclusively for Collateral(iii) Portion greater than
0.15 million units but 0.30 million units or less(iv) Portion greater than
0.30 million units but 0.50 million units or less(v) Portion greater than
0.50 million units but 0.70 million units or less(vi) Portion greater than
0.70 million units but
1 million units or less(vii) Portion greater than
1 million units but
2 million units or less(viii) Portion greater than
2 million units but
3 million units or less(ix) Portion greater than
3 million units but
5 million units or less(x) Portion greater than
5 million units but
With respect to a monthly average account balance of the Account Exclusively for Collateral

¥0.24
¥0.20
¥0.16
¥0.12
¥0.08
¥0.04
¥0.02
¥0.01

¥0.02 monthly per unit(c)Portion Proportionate to the Number of Participant Accounts
Classification
CommonAssessed Party
A JASDEC Participant
opening an account fora Participant

Fee Rate
With respect to a monthly average number of Participant accounts (meaning the number derived from dividing
the sum of the number of Participant accounts opened by the JASDEC Participant on each business day of therelevant month when the JASDEC Participant has been a JASDEC Participant by the number of business days ofusage)(i)
Portion of 100,000 accounts or less(ii) Portion greater than 100,000 accounts but 1 million accounts units or less(iii) Portion greater than 1 million accounts but 5 million accounts units or less(iv) Portion in excess of 5 million accounts

Monthly amount
per account
¥3.6
¥2.7
¥1.8
¥0.9

(3)Account Opening Fee
Classification
CommonAssessed Party
A JASDEC Participant that has
had a JASDEC Participant
Account opened

Fee Rate
When becoming a new JASDEC Participant
When a person who has become a new JASDEC Participant has 2 or more Classified Accounts
opened, with respect to more than 1 Classified AccountWith respect to Classified Accounts opened for an existing JASDEC Participant¥1,000,000¥300,000 per account¥300,000 per account(4)Obliteration Fee
Classification
CommonAssessed Party
A JASDEC Participant making a demand for obliteration or purchase retirement

Fee Rate¥200 per demand(5)Account Inquiry Fee
Classification
CommonAssessed Party
A JASDEC Participant making an inquiry of the transferee account, etc.
A JASDEC Participant downloading data relating to results of inquiry of the transferee account, etc. or relating to inquired status

Fee Rate¥10 per inquiry¥10 per download(6)Demand Fee for Individual Number, etc.
Classification
CommonAssessed Party
A JASDEC Participant making a demand for Individual Number, etc.

Fee Rate¥25 per demand(7)Fee of Various Mediations, etc.
Fee ItemClassification

Assessed Party

13

Fee Rate

Fee Item
Fee Relating
to Various
Mediations

Classification
Book Entry Transfer Shares,
Book Entry Transfer Corporate Bonds
with Share Options,Book Entry Transfer Share Options,Book-Entry Transfer Investment
Equity,Book-Entry Transfer Preferred Equity
Investments,
Book-Entry Transfer Beneficial Interest
in Investment Trust,Book-Entry Transfer Beneficial Interest

Book Entry Transfer Share Options

Individual
Transfer Fee

Assessed Party
A JASDEC Participant making a demand for
mediation set forth in any of (1) to (8) below:(1) Mediation of Notice of Account;(2) Mediation of a demand for acquisition of shareswith put options;(3) Mediation of a Purchase Demand of Shares Less
Than One Unit;(4) Mediation of a Sales Demand of Shares Less
Than One Unit;(5) Mediation of the designation of dividend
remittance or the designation of distribution
remittance;(6) Mediation of a Put Option Exercise Demand ofBook-Entry Transfer Corporate Bonds with Share
Options;(7) Mediation of a Share Option Exercise Demand ofBook-Entry Transfer Corporate Bonds with Share
Options; and(8) Mediation of a demand for opening of a special
account relating to overlooked shares in the nameof JASDEC.
A JASDEC Participant making a demand for
mediation of a Share Option Exercise Demand ofBook-Entry Transfer Share Options

Book-Entry Transfer Investment Equity
Subscription Rights

A JASDEC Participant making a demand for
mediation of an Exercise Demand of investment equity
subscription rights of Book-Entry Transfer Investment
Equity Subscription Rights

Book-Entry Transfer Corporate Bonds
with Share Options,

A JASDEC Participant that mediated an application for
individual transfer (meaning a transfer applicationprescribed in Article 11, Paragraph 1 of the
Supplementary Provisions of the Operational Rules(excluding those applications for which an application
is deemed to have been made pursuant to Paragraph 10of the same article), Article 24, Paragraph 1 of thesame Supplementary Rules of the Operational Rules,

Book-Entry Transfer Beneficial Interest
in Investment Trust,Book-Entry Transfer Beneficial Interest

14

Fee Rate¥300 per demand for mediation
However, for mediation for the Share Option Exercise Demandof Book-Entry Transfer Corporate Bonds with Share Options,¥0.00006 per yen of face value of each bond shall be added.

¥300 per demand for mediation
With respect to the number of Book-Entry
Per unit
Transfer Share which is newly recorded byexecution of share options (number below 1
unit shall be rounded up)(i) Portion of 300 units or less
¥60(ii) Portion greater than 300 units but 3,000¥10units or less(iii) Portion greater than 3,000 units¥1¥300 per demand for mediation
With respect to the number of Book-Entry
Per trading unit
Transfer Investment Equity which is newly
recorded by execution of investment equity
subscription rights (number below 1 trading
unit shall be rounded up)(i) Portion of 300 trading units or less
¥60(ii) Portion greater than 300 trading units but¥10
3,000 trading units or less(iii) Portion greater than 3,000 trading units¥1¥500 per certificate of corporate bonds with share options,beneficial interest in investment trust or beneficial interest in
trust issuing beneficiary certificatesFee ItemClassification

Assessed Partyand Article 4, Paragraph 1 of the same Supplementary
Rules of the Operational Rules (Notice on April 7,2010))

Fee Rate(8)Issuance Fee of Various Certificates
Fee ItemIssuance Fee ofCertificate ofMatters Recorded in
the Book-Entry
Transfer AccountRegisterIssuance Fee ofCertificate for the
Bondholders
MeetingIssuance Fee ofCertificate for the
Exercise of Rights
of Beneficiaries
Fee of Provision ofInformation onContents of Claim
for Principal andInterest Payment
and Information on
Planned Settlement
AmountClassification
CommonAssessed Party
A JASDEC Participant receiving theissuance of a certificate of mattersrecorded in the Book-Entry Transfer
Account Register and the provision of
information relating to the mattersrecorded in the Book-Entry Transfer
Account Register

Fee Rate
In the case of provision via the Target
Hofuri Website
In the case of a documentary issuance¥500 per demand
However, if CSV files are requested at the sametime, ¥500 shall be added for each demand.
¥500 per certificate
However, if the number of pages of a certificate
exceeds 10 pages, ¥10 shall be added for eachpage in excess of 10 pages. Further, ¥1,000
shall be added for each delivery.
¥500 per certificate

Book-Entry
Transfer Corporate
Bonds with Share
Options
Book-Entry
Transfer Beneficial
Interest

A JASDEC Participant receiving theissuance of a certificate for the
Bondholders Meeting

Book-Entry
Transfer Corporate
Bonds with Share
Options

A JASDEC Participant and a Paying
Agent receiving the provision of the filed
information on the contents of claim forprincipal and interest payment and theplanned settlement amount and receiving
the issuance of written confirmations of
the information on the contents of claim
for principal and interest payment and theplanned settlement amount

However, if the number of pages of a certificate exceeds 10 pages, ¥10 shall be added foreach page in excess of 10 pages.
¥500 per certificate

A JASDEC Participant receiving theissuance of a certificate for the Exerciseof Rights of Beneficiaries

However, if the number of pages of a certificate exceeds 10 pages, ¥10 shall be added foreach page in excess of 10 pages.
When providing the information on¥500 per filethe contents of claim for principal andinterest payment and the planned
settlement amount via file
When providing the information on¥500 per written confirmation
the contents of claim for principal andinterest payment and the planned
However, if the number of pages of thesettlement amount via written
confirmation exceeds 10 pages, ¥10 shall be
confirmation
added for each page in excess of 10 pages.

(Note)
1. The Book-Entry Transfer Fee concerning the book-entry transfer relating to the settlement of Japan Securities Clearing Corporation shall, with respect to the book-entry transfer from the
JASDEC Participant Account of a Transferor Spot Clearing Participant, etc. prescribed in Article 62, Paragraph 1 of the Rules to the JASDEC Participant Account (settlement account) ofJapan Securities Clearing Corporation and the book-entry transfer from the JASDEC Participant Account (settlement account) of Japan Securities Clearing Corporation to the JASDEC
Participant Account of a Transferee Spot Clearing Participant, etc. prescribed in the same paragraph, be the sum of the amounts calculated by applying the collection fee rate to, in thecase of a Transferor Spot Clearing Participant, etc., the number of book-entry transfers relating to the deliverer and receiver in book-entry transfers from the JASDEC Participant Accountof the Transferor Spot Clearing Participant, etc., to the JASDEC Participant Account (settlement account) of Japan Securities Clearing Corporation and, in the case of a Transferee Spot
Clearing Participant, etc., the number of book-entry transfers relating to the deliverer and receiver in book-entry transfers from the JASDEC Participant Account (settlement account) ofJapan Securities Clearing Corporation to the JASDEC Participant Account of the Transferee Spot Clearing Participant, etc., after summing up the number of book-entry transfers for each
JASDEC Participant who has become the Transferor Spot Clearing Participant, etc. or the Transferee Spot Clearing Participant, etc. (The same shall apply in the calculation for BookEntry Transfer Corporate Bonds with Share Options, Book-Entry Transfer Share Options, Book-Entry Transfer Investment Equity, Book-Entry Transfer Preferred Equity Investments,
Book-Entry Transfer Beneficial Interest in Investment Trust and Book-Entry Transfer Beneficial Interest. However, in the calculation for Book-Entry Transfer Beneficial Interest in
Investment Trust, the wording “the book-entry transfer from the JASDEC Participant Account of a Transferor Spot Clearing Participant, etc. prescribed in Article 62, Paragraph 1 of the15

Rules to the JASDEC Participant Account (settlement account) of Japan Securities Clearing Corporation and the book-entry transfer from the JASDEC Participant Account (settlement
account) of Japan Securities Clearing Corporation to the JASDEC Participant Account of a Transferee Spot Clearing Participant, etc. prescribed in the same paragraph” shall be deemed
to be replaced with “the book-entry transfer (including the book-entry transfer between JASDEC Participant Accounts of Japan Securities Clearing Corporation; the same shall apply
hereinafter) from the JASDEC Participant Account of a Transferor Spot Clearing Participant, etc. prescribed in Article 62, Paragraph 1 of the Rules (including Japan Securities Clearing
Corporation in book-entry transfers between JASDEC Participant Accounts of Japan Securities Clearing Corporation; the same shall apply hereinafter) to the JASDEC Participant
Account (settlement account) of Japan Securities Clearing Corporation and the book-entry transfer (including the book-entry transfer between JASDEC Participant Accounts of Japan
Securities Clearing Corporation; the same shall apply hereinafter) from the JASDEC Participant Account (settlement account) of Japan Securities Clearing Corporation to the JASDEC
Participant Account of a Transferee Spot Clearing Participant, etc. prescribed in the same paragraph (including Japan Securities Clearing Corporation in book-entry transfers between
JASDEC Participant Accounts of Japan Securities Clearing Corporation; the same shall apply hereinafter)”).
2. With respect to the Book-Entry Transfer Fee, the number of business days of a month during which the relevant person becomes a new JASDEC Participant or during which the relevant
person ceases to be a JASDEC Participant shall be the number of business days of the month in which the relevant person is a JASDEC Participant.
3. The Account Management Fee of a month during which the relevant person becomes a new JASDEC Participant or ceases to be a JASDEC Participant shall be the amount derived from(i) multiplying the amount calculated by applying each collection fee rate by the number of business days of usage and then (ii) dividing the amount of (i) by the number of business daysof the month.
4. With respect to the Portion Proportionate to the Number of JASDEC Participant Accounts of the Account Management Fee when a person who is already a JASDEC Participant receives
the opening of a Classified Account or discontinues a part of Classified Accounts during a month, the fee shall be an amount calculated by applying the collection fee rate to the number
derived from dividing the aggregate number of Classified Accounts on each business day by the number of business days of the month.
5. For the purpose of calculation of the Portion Proportionate to Account Balance of the Account Management Fee for Book-Entry Transfer Shares, with respect to issues not adopting the
trading unit share system, 1 share shall be deemed to be 1 unit in application.
5-2. The Portion Proportionate to Account Balance of the Account Management Fee for Book-Entry Transfer Share Options and Book-Entry Transfer Investment Equity Subscription Rights
is charged according to the monthly average account balance derived from the amount calculated by adding the an account balance of JASDEC Participants’ Book-Entry Transfer Share
Options to the account balance of JASDEC Participants’ Book-Entry Transfer Investment Equity Subscription Rights, and The Portion Proportionate to Account Balance of the AccountManagement Fee for Book-Entry Transfer Beneficial Interest in Investment Trust and Book-Entry Transfer Beneficial Interest is charged according to the monthly average accountbalance derived from the amount calculated by adding the an account balance of JASDEC Participants’ Book-Entry Transfer Beneficial Interest in Investment Trust to the accountbalance of JASDEC Participants’ Book-Entry Transfer Beneficial Interest.
6. With respect to the Portion Proportionate to Account Balance of the Account Management Fee related to a DVP Account, the fee shall be the sum of the amount derived from deducting
the amount corresponding to the fee for the Portion Proportionate to Account Balance for the Account Management Fee calculated with respect to the monthly average account balance ofeach DVP Participant from the amount derived from applying each collection fee rate to each figure derived from adding the monthly average balance of planned securities receipts tothe monthly average balance of the Transferee DVP Participant and from adding the monthly average balance of the Securities Designated as Collateral to the monthly account balance of
the DVP Participant offering of the Securities Designated as Collateral.
7. A book-entry transfer unit relating to the calculation of the Portion Proportionate to Account Balance of the Account Management Fee for Book-Entry Transfer Corporate Bonds with
Share Options, Book-Entry Transfer Share Options and Book-Entry Transfer Investment Equity Subscription Rights means the amount of each bond with respect to Book-Entry Transfer
Corporate Bonds with Share Options, the number of share options with respect to Book-Entry Transfer Share Options and the number of investment equity subscription rights withrespect to Book-Entry Transfer Investment Equity Subscription Rights. However, in the case that the issuer of the share with respect to the Book-Entry Transfer Share Options adopts the
trading unit share system, a book-entry transfer unit shall be the number of the account balance of the share options divided by a number of shares of one trading unit, and in the case thatthe trading unit prescribed by a financial instruments exchange of the investment equity with respect to the Book-Entry Transfer Investment Equity Subscription Rights is not 1 unit, abook-entry transfer unit shall be the number derived from dividing the account balance of the Book-Entry Transfer Investment Equity Subscription Rights by the trading unit of theinvestment equity with respect to the investment equity subscription rights.
8. An account balance at the time of calculating the Portion Proportionate to Account Balance of the Account Management Fee for Book-Entry Transfer Investment Equity, Book-Entry
Transfer Preferred Equity Investments, Book-Entry Transfer Beneficial Interest in Investment Trust and Book-Entry Transfer Beneficial Interest shall be, when the trading unit of which
is prescribed by a financial instruments exchange is not 1 unit, the number derived from dividing the account balance of the issue by the number of units of the trading unit.
9. The number of accounts of Participants for the purposes of Portion Proportionate to the Number of Participant Accounts of the Account Management Fee means the number of pieces ofsuch Participant Account Information relating to participants of a JASDEC Participant and participants of Lower-Tier Institutions of the JASDEC Participant as is registered in theParticipant Information Registration Book maintained by JASDEC (including the Participant Account Information relating to the Trust Property Nominee when the JASDEC Participant
has applied for handling of Trust Property Nominee and excluding the Participant Account Information where JASDEC receives a demand of deletion from the Participant Information
Registration Book).
10. The Obliteration Fee shall apply to a partial obliteration relating to retirement of Book-Entry Transfer Shares, Book-Entry Transfer Share Options, Book-Entry Transfer Investment
Equity, Book-Entry Transfer Investment Equity Subscription Rights or Book-Entry Transfer Preferred Equity Investments, a partial obliteration relating to purchase retirement of Book-

16

11.
12.
13.

14.
15.

16.

Entry Transfer Corporate Bonds with Share Options, an Obliteration on Exchange, an Obliteration on Cancelation or, a partial obliteration of Book-Entry Transfer Beneficial Interest in
Investment Trust and a partial obliteration relating to Partial Cancellation of Book-Entry Transfer Beneficial Interest, etc.
Of the Fee of Various Mediations, etc., the fees relating to mediation of a Purchase Demand of Shares Less Than One Unit shall not be collected for mediation of a Purchase Demand of
Shares Less Than One Unit made at the same time as a Share Option Exercise Demand of Book-Entry Transfer Corporate Bonds with Share Options.
Of the Fee of Various Mediations, etc., the fees relating to mediation of a Purchase Demand of Shares Less Than One Unit and mediation of a Sales Demand of Shares Less Than One
Unit shall not be collected for the demand decided to be invalid by the relevant company among those demands agented by JASDEC.
Of the Fee of Various Mediations, etc., the fees relating to mediation of a Share Option Exercise Demand of Book-Entry Transfer Share Options, the fee amount will be calculated on themonth when JASDEC receives the notice from the transfer agent with respect to the newly recorded Book-Entry Transfer Shares by execution of Share Options, and the fees relating tomediation of an Exercise Demand of investment equity subscription rights of Book-Entry Transfer Investment Equity Subscription Rights, the fee amount will be calculated on the monthwhen JASDEC receives the notice from the Administrator of the Investors' Register, etc. with respect to the newly recorded Book-Entry Transfer Investment Equity by execution of
investment equity subscription rights.
With respect to the Individual Transfer Fee, when the Immediately Upper-Tier Institution of the Special Participant directly mediates the Transfer Application to JASDEC pursuant to theprovisions of Article 11, Paragraph 7 of the Supplementary Rules of the Operational Rules or Article 4, Paragraph 7 of the same Supplementary Rules of the Operational Rules (Noticeon April 7, 2010), a JASDEC Participant which is the Upper-Tier Institution of the Immediately Upper-Tier Institution shall be the Assessed Party.
With respect to the certificate of matters recorded in the Book-Entry Transfer Account Register, the certificate for the Bondholders Meeting, the certificate for the Exercise of Rights ofBeneficiaries, and the confirmations of the information on the contents of claim for principal and interest payment and the information on planned settlement amount, a demand forissuance of the same type (in the case of the certificate of matters recorded in the Book-Entry Transfer Account Register, including its breakdown) on the same day shall be made for 1
document (1 demand if the certificate of matters recorded in the Book-Entry Transfer Account Register is provided via the Target Hofuri Website).
With respect to the Demand Fee for Individual Number, etc., the fees shall be collected also in the case that Individual Number, etc. is not provided from JASDEC as a result of making ademand to JASDEC.

17

2. Fees to be Paid by Issuers(1)Usage Fee of Book-Entry Transfer System
Classification

Assessed Party

Collection Fee Rate

Book-Entry Transfer Shares,

An issuer of theissue handled¥42,400 monthly per issue handledWith respect to the number of the shareholders, etc. (meaning shareholders, investors and preferredMonthly fee per
equity investment holders; the same shall apply hereinafter) in the General Shareholders Notice,
shareholder, etc.
etc. (meaning a General Shareholders Notice, a General Investors Notice and a General Preferred
Equity Investment Holders Notice; the same shall apply hereinafter) relating to the final record
date for shareholders, etc. (meaning the record date for shareholders, the record date for investors
and the record date for preferred equity investment holders) arriving by the end of the month(i)
Portion of 20,000 persons or less
¥3.63(ii) Portion greater than 20,000 persons but 100,000 persons or less
¥2.54(iii) Portion in excess of 100,000 persons¥1.09¥10,000 monthly per issue handledWith respect to the monthly average balance handled by JASDEC (meaning the amount derived
Monthly amount perfrom dividing the sum of the balances handled by JASDEC on each business day on whichbook-entry unit
handling was performed during the relevant month by the number of business days on whichhandling was performed (meaning the number of business days on which handling of the issue was
performed during the relevant month; the same shall apply hereinafter))(i)
Portion of 10,000 book-entry unit or less
¥0.8(ii) Portion greater than 10,000 book-entry units but 50,000 book-entry units or less
¥0.5(iii) Portion in excess of 50,000 book-entry units¥0.3¥22,000 monthly per issue handledWith respect to the number of beneficiaries in the General Beneficiaries Notice relating to the final Monthly amount perrecord date for beneficiaries arriving by the end of the monthbeneficiary(i)
Portion of 20,000 persons or less
¥2.0(ii) Portion greater than 20,000 persons but 100,000 persons or less
¥1.4(iii) Portion in excess of 100,000 persons¥0.6

Book-Entry Transfer
Investment Equity,
Book-Entry Transfer Preferred
Equity Investments

Book-Entry Transfer Corporate
Bonds with Share Options,

An issuer of theissue handled

Book-Entry Transfer Share
Options,
Book-Entry Transfer
Investment Equity Subscription
RightsBook-Entry Transfer Beneficial
Interest in Investment Trust,

An issuer of theissue handled

Book-Entry Transfer Beneficial
Interest(2)New Record Fee
Classification
CommonAssessed Party
An issuer of the issue handled relating to the new record

Collection Fee Rate
With respect to new records for the same type within the same day(i) Portion of 20,000 records or less(ii) Portion greater than 20,000 records but 100,000 records or less(iii) Portion in excess of 100,000 records

Per record
¥200
¥140
¥60

(3)Public Notice Fee of Issue Information
Classification
CommonAssessed Party
An issuer of the issue handled that is subject to the provision of issue details

Collection Fee Rate
¥200 per provision of issue details(4)Fee for Individual Shareholders NoticeClassification
Book-Entry Transfer Shares,
Book-Entry Transfer Investment Equity,

Assessed Party
An issuer receiving the Individual Shareholders Notice,etc. (meaning an Individual Shareholders Notice, anIndividual Investors Notice and an Individual Preferred
Equity Investment Holders Notice; the same shall apply

18

Collection Fee Rate
With respect to the Individual Shareholders Notice,etc. relating to the same issue in a month(i) Portion of 400,000 notices or less(ii) Portion in excess of 400,000 notice

Per notice¥1,000¥500

Book-Entry Transfer Preferred Equity Investments

hereinafter) from JASDEC(5)Fee of Demand for Information Provision
Fee ItemMediation Fee of Demandfor Information Provision

Classification
Book-Entry
Transfer Shares,

Assessed Party
An issuer making a demand for
information provisionCollection Fee Rate
Demand via file transmission
Demand via Participant Information Web terminal
When the Shareholders, etc. Reference Code is designatedWhen all of the name and address are designatedWhen a part of the name and address is designatedDemand via the Target Hofuri Website or in writing

Book-Entry
Transfer Investment
Equity,Fee of Information Provision

Issuance Fee of Notice Formof Matters Recorded in theBook-Entry Transfer
Account Register

Book-Entry
Transfer Preferred
Equity Investments,
Book-Entry
Transfer Beneficial
Interest

An issuer receiving the information
recorded in the Book-Entry Transfer
Account Register maintained by
JASDEC from JASDEC
An issuer making a demand for a
notice form of matters recorded in
the Book-Entry Transfer AccountRegister¥300 per mediation
per mediation¥1,000¥1,500¥3,000¥30,000 per mediation¥500 per provision

However, if the demanded period of the recorded information exceeds 1 day,¥10 shall be added for each day exceeding 1 day¥500 per notice form
However, with respect to the notice form whose number of pages exceeds 10 pages,¥10 shall be added for each page in excess of 10 pages.

(6)Fee for the General Shareholders Notice, etc.
Classification
Book-Entry Transfer Shares,
Book-Entry Transfer Investment Equity,
Book-Entry Transfer Preferred Equity
Investments
Book-Entry Transfer Corporate Bonds
with Share Option

Book-Entry Transfer Share Options

Assessed Party
An issuer making thedemand for a General
Shareholders Notice,etc.

An issuer receiving a
Notice to All Holders ofCorporate Bonds with
Share Options
An issuer receiving a
Notice to All Holders of
Share Options

Book-Entry Transfer Investment Equity
Subscription Rights

An issuer receiving a
Notice to All Holders ofInvestment Equity
Subscription Rights

Book-Entry Transfer Beneficial Interest
in Investment Trust,

An issuer making thedemand for a General

Collection Fee Rate
With respect to the number of the shareholders, etc. in the General
Shareholders Notice(i) Portion of 20,000 persons or less(ii) Portion greater than 20,000 persons but 100,000 persons or less(iii) Portion in excess of 100,000 persons
With respect to the number of holders of corporate bonds with share options in
the Notice to All Holders of Corporate Bonds with Share Options(i) Portion of 1,000 persons or less(ii) Portion greater than 1,000 persons but 5,000 persons or less(iii) Portion in excess of 5,000 persons
With respect to the number of holders of share options in the Notice to All
Holders of Share Options(i) Portion of 1,000 persons or less(ii) Portion greater than 1,000 persons but 5,000 persons or less(iii) Portion in excess of 5,000 persons
With respect to the number of holders of investment equity subscription rights
in the Notice to All Holders of Investment Equity Subscription Rights(i) Portion of 1,000 persons or less(ii) Portion greater than 1,000 persons but 5,000 persons or less(iii) Portion in excess of 5,000 persons
With respect to the number of beneficiaries in the General Beneficiaries Notice

19¥400,000 per demand
Per shareholder, etc.
¥30
¥21
¥9
¥120,000 per receipt
Per holder of corporate
bonds with share options
¥10
¥7
¥3
¥120,000 each time
Per holder of shareoptions¥10¥7¥3¥120,000 each time
Per holder of investment
equity subscription rights
¥10
¥7
¥3
¥400,000 per demand
Per beneficiary

Beneficiaries NoticeBook-Entry Transfer Beneficial Interest(i) Portion of 20,000 persons or less(ii) Portion greater than 20,000 persons but 100,000 persons or less(iii) Portion in excess of 100,000 persons

¥30
¥21
¥9

(7)Fee for Publication of Holding Ratio of Foreign Nationals, etc. during the Period
Classification
Book-Entry Transfer Shares

Assessed Party
An issuer of a Foreign Ownership Limitation Issue

Collection Fee Rate
¥20,000 monthly per Foreign Ownership Limitation Issue(8)Fee for Publication of mediation of a Share Option Exercise Demand
Classification
Book-Entry
Transfer Share
Options

Assessed Party
An issuer of the issue handled that is
subject to publication of mediation ofa Share Option Exercise Demand

Collection Fee Rate
¥20,000 per issue
However, when the publication period exceeds 1 month, ¥1,000 shall be added for each business day exceeding 1 month.

(9)Fee for Publication of mediation of an Exercise Demand of Investment Equity Subscription Rights
Classification
Book-Entry Transfer
Investment Equity
Subscription Rights

Assessed Party
An issuer of the issue handled that is
subject to publication of mediation of an
Exercise Demand of investment equity
subscription rights

Collection Fee Rate
¥20,000 per issue
However, when the publication period exceeds 1 month, ¥1,000 shall be added for each business day exceeding
1 month.

(Note)
1. The fees to be paid by issuers shall be calculated monthly.
2. The fees to be paid by issuers shall, when the same issuer issues a multiple number of issues, be calculated for each issue.
3. The Usage Fee for Book-Entry Transfer System when there is a commencement or discontinuance of handling during a month shall be the amount derived from (i) multiplying theamount calculated by applying each collection fee rate by the number of business days on which handling has been performed and then (ii) dividing the amount of (i) by the number ofbusiness day of the month.
4. The number of shareholders, etc. in the General Shareholders Notice, etc. relating to the calculation of Usage Fee for Book-Entry Transfer System in the Book-Entry Transfer Shares,
the Book-Entry Transfer Investment Equity, and the Book-Entry Transfer Preferred Equity Investments, or the number of beneficiaries in the General Beneficiaries Notice relating to
the calculation of Usage Fee for Book-Entry Transfer System in the Book-Entry Transfer Beneficial Interest in Investment Trust and the Book-Entry Transfer Beneficial Interest shall,when the record date for shareholders, etc. or beneficiaries does not occur during the period from the time of commencement of handling to the end of the current month, be prescribed
separately.
5. A book-entry transfer unit of the Usage Fee for Book-Entry Transfer System in the Book-Entry Transfer Corporate Bonds with Share Options, the Book-Entry Transfer Share Options
and the Book-Entry Transfer Investment Equity Subscription Rights means the amount of each bond with respect to the Book-Entry Transfer Corporate Bonds with Share Options, thenumber of share options with respect to the Book-Entry Transfer Share Options and the number of investment equity subscription rights with respect to the Book-Entry Transfer
Investment Equity Subscription Rights. However, in the case that the issuer of the share with respect to the share options adopts the trading unit share system, a book-entry transfer unit
shall be the number of the account balance of the share options divided by a number of shares of one trading unit, and in the case that the trading unit prescribed by a financial
instruments exchange of the investment equity with respect to the investment equity subscription rights is not 1 unit, a book-entry transfer unit shall be the number derived from
dividing the account balance of the issue by the number of units of the trading unit.
6. The number of new records in the New Record Fee means the number of accounts (limited only to those accounts that are Self Accounts) of Participants which are subject to the makingof New Record.
7. The New Record Fee shall include the case in which the issuance of treasury shares is made against the exercise of share options of the Book-Entry Transfer Corporate Bonds with
Share Options and the Book-Entry Transfer Share Options.
8. The New Record Fee associated with the Notice of the Number of New Shares, the Notice of the Number of New Investment Trust Beneficial Rights or the Notice of the Number of
New Beneficial Rights shall not be collected.
9. The Fee for the General Shareholders Notice, etc. in the Book-Entry Transfer Shares, the Book-Entry Transfer Investment Equity and the Book-Entry Transfer Preferred Equity
Investments shall be collected with respect to a demand for the General Shareholders Notice, etc. in the case of having a justifiable cause referred to in Article 151, Paragraph 1 of the
Operational Rules (including when the same paragraph is applied mutatis mutandis pursuant to Articles 271 and Article 272 of the Operational Rules). However, the General

20Shareholders Notice, etc. given by notifying JASDEC in advance to the effect that a demand will be made by the Issuer for the General Shareholders Notice, etc. on each ending day of
a quarterly accounting period prescribed in Article 195, Paragraph 2 of the Rules (including when the same paragraph is applied mutatis mutandis pursuant to Articles 351 and 352 of
the Rules) shall be excluded from the target for the Fee for the General Shareholders Notice, etc.
10. The Fee for the General Shareholders Notice, etc. in the Book-Entry Transfer Beneficial Interest in Investment Trust and the Book-Entry Transfer Beneficial Interest shall be collectedwith respect to a demand for the General Beneficiaries Notice in the case that an event referred to in Article 283-7-2, Paragraph 1 or Article 285-62-2, Paragraph 1 of the Operational
Rules takes place.
11. The Fee for Publication of Holding Ratio of Foreign Nationals, etc. during the Period to be paid when an issue becomes a Foreign Ownership Limitation Issue during a month or when
it ceases to be a Foreign Ownership Limitation Issue during a month shall be the amount derived from (i) multiplying the amount calculated by applying the collection fee rate by the
number of business days on which the issue has been a Foreign Ownership Limitation Issue and then (ii) dividing the amount of (i) by the number of business days of the month.

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3. Fees to be Paid by Other Assessed Parties
Fee ItemFixed Fee to be Borne by
Indirect AccountManagement Institutions
System Connection
Preparation Fee

Classification
CommonAssessed Party
An Indirect Account Management Institution
obtaining a consent from JASDEC

CommonSystem Connection Fee

CommonA person making a system connection (meaning an
integrated Web terminal, a file transmission or an
online real time connection) with JASDEC(excluding however cases where a connection ismade as a JASDEC Participant)
A person making a file transmission or an online
real time connection with JASDEC (excluding
however cases where a connection is made as a
JASDEC Participant and cases where a connection
is made only as a Payment-Handling Bank)

Terminal Connection Fee
Integrated Web
Terminal Connection
Fee

CommonUsers of Integrated Web terminals

Participant Information
Web Terminal
Connection Fee
Issuance Fee of Certificateof Matters Recorded in theBook-Entry Transfer
Account Register
Issuance Fee of Certificate
for the Bondholders
Meeting

Users of Participant Information Web terminals

CommonBook-Entry Transfer
Corporate Bonds
with Share Options

An interested party making a demand for acertificate of matters recorded in the Book-Entry
Transfer Account Register
A person making a demand to JASDEC pursuant to
the provisions of Article 255-2, Paragraph 1 of the
Operational Rules (excluding JASDEC
Participants)

Collection Fee Rate
With respect to a consent for an Indirect Account Management
Institution¥300,000 per consent
With respect to initiation of a system connection¥50,000 per company¥10,000 monthly per company

With respect to the number of Business User IDs(i)
Portion of 5 or less(ii) Portion greater than 5 but 10 or less(iii) Portion in excess of 10
With respect to the number of Business User IDs(i)
Portion of 5 or less(ii) Portion greater than 5 but 10 or less(iii) Portion in excess of 10

Monthly fee per ID¥10,000¥5,000¥1,000Monthly fee per ID¥10,000¥5,000¥1,000¥500 per certificate

However, with respect to the certificate whose number of pages exceeds
10 pages, ¥10 shall be added for each page in excess of 10 pages.
¥500 per certificate
However, if the number of pages of a certificate exceeds 10 pages, ¥10
shall be added for each page in excess of 10 pages.

(Note)
1. The System Connection Fee to be paid when there is a commencement or suspension of the system connection during a month shall be the amount derived from (i) multiplying thecollection rate by the number of business days connected (meaning the number of business days connected to the system during the said month) and then (ii) dividing the amount of (i)by the number of business days of the month.
2. The Integrated Web Terminal Connection Fee and the Participant Information Web Terminal Connection Fee shall be the amount derived from dividing the sum of the amounts
calculated by applying the respective collection fee rates to the number of Business User IDs on each business days of the month by the number of business days of the month.

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