Share Handling Regulations

Matters concerning the handling of shares in the Company (including, without limitation, procedures for exercising shareholders’ rights) shall be governed by these Regulations in accordance with the Articles of Incorporation, as well as the rules established by the Japan Securities Depositary Center, Inc. (hereinafter referred to as “JASDEC”) and securities firms and other account management institutions at which shareholders open their transfer accounts (hereinafter referred to as the “Securities Firm”).

The manager of the shareholders’ register of the Company and its handling office shall be as follows:


Manager of the shareholders’ register:		Mitsubishi UFJ Trust and Banking Corporation 4-5, Marunouchi 1-chome, Chiyoda-ku, Tokyo

Handling office:		Mitsubishi UFJ Trust and Banking Corporation Osaka Corporate Agency Division 6-3, Fushimimachi 3-chome, Chuo-ku, Osaka

1. Any changes to the matters entered in the shareholders’ register shall be made by a general shareholders notice (sou kabunushi tsuchi) or any other notice given by JASDEC (excluding a notice provided for in Article 154, Paragraph 3 of the Law Concerning Book-Entry Transfer of Corporate Bonds and Shares, Etc. (the “Book-Entry Transfer Law”) (hereinafter referred to as the “Individual Shareholder Notice (kobetsu kabunushi tsuchi)”)).

2. In addition to the preceding paragraph, in the issue of new shares and any other cases provided for in laws and regulations, the relevant matters entered in the shareholders’ register shall be changed without JASDEC’s notice.

3. The shareholders’ register shall be recorded using letters and signs designated by JASDEC.

Article 4. Notification as to Matters Entered in the Shareholders’ Register

A shareholder shall notify his/her name and address through the Securities Firm and JASDEC, as prescribed by JASDEC. If changed, the same shall apply.

A corporate shareholder shall notify its representative through the Securities Firm and JASDEC, as prescribed by JASDEC. If changed, the same shall apply.

Shareholders who jointly hold shares shall determine their representative, and notify the name and address of the representative through the Securities Firm and JASDEC, as prescribed by JASDEC. If changed, the same shall apply.

A shareholder’s statutory agent, such as parent (shinken sha) and guardian (kouken nin), shall notify his/her name and address through the Securities Firm and JASDEC, as prescribed by JASDEC. If changed or removed, the same shall apply.

Article 8. Notification of the Place where Shareholders Residing Abroad, Etc. Should Receive Notices

A shareholder residing abroad and a registered pledgee of shares or their statutory agent shall appoint a standing agent in Japan or determine a place to receive notices in Japan, and notify the name and address of the standing agent or the place to receive notices through the Securities Firm and JASDEC, as prescribed by JASDEC. If changed or removed, the same shall apply.

If a shareholder’s notification to the Company is submitted through the Securities Firm and JASDEC, it shall be deemed as a notification given by the shareholder himself/herself.

1. If a shareholder (including a shareholder who applied for an Individual Shareholder Notice) makes any claim or exercises any other shareholders’ right (hereinafter referred to as the “Claim”), he/she shall attach or provide the item which evidences that the Claim has been made by himself/herself (the “Material for Evidence”). Provided, however, that this shall not apply if the Company may confirm that it is a Claim made by the shareholder himself/herself.

2. If a shareholder’s Claim against the Company has been made through the Securities Firm and JASDEC, it shall be deemed as a Claim made by the shareholder himself/herself, and no Material for Evidence shall be required.

3. In addition to the procedures in the preceding paragraphs, if a Claim is made by an agent, a power of attorney signed or affixed name and sealed by the shareholder shall be attached. The name and address of the agent shall need to be entered in the power of attorney.

If a shareholder directly exercises any of his/her Minority Shareholders’ Rights provided for in Article 147, Paragraph 4 of the Book-Entry Transfer Law against the Company, such exercise shall be made in writing with his/her signature or affixed name and seal after request of the Individual Shareholder Notice has been made.

Any shareholder requesting a purchase of shares less than one (1) unit shall request the same through the Securities Firm and JASDEC, as prescribed by JASDEC.

1. The purchase price per share applicable to a purchase request in the preceding article shall be the closing price on the market managed by the Tokyo Stock Exchange on the day when the purchase request arrives at the handling office of the manager of the shareholders’ register. Provided, however, that if the shares in the Company are not traded on such day, or if the relevant day falls on a non-business day of the Tokyo Stock Exchange, the purchase price per share shall be the price agreed upon in the first trade of the shares in the Company on the subsequent business day on the market managed by the Tokyo Stock Exchange.

2. The purchase price shall be the amount calculated by multiplying the purchase price per share according to the preceding paragraph by the number of shares for which a purchase request is made.

1. Except as otherwise determined by the Company, the Company shall pay the purchase price on the fourth (4th) business day from the day immediately following the day when the purchase price per share is determined, as prescribed by JASDEC. Provided, however, that if the purchase price is a price with rights such as distribution of a surplus and stock split, the Company shall pay the purchase price by the record date.

2. A person who requests a purchase may request the payment of a purchase price by remittance to the bank deposit account designated by him/her, or by cash payment at the Japan Post Bank.

The shares less than one (1) unit for which a purchase request has been made shall be transferred to the Company’s transfer account on the day when the payment or payment procedures of the purchase price in accordance with the preceding article is completed.

Article 16. Method of Requesting the Purchase of Additional Shares Less Than One (1) Unit

If a shareholder holding shares less than one (1) unit requests a sale of the number of shares which, when aggregated with the number of his/her shares less than one (1) unit, constitutes a unit share (tangen kabushiki) (hereinafter referred to as the “Request for Purchasing Additional Shares”), he/she shall make such request through the Securities Firm and JASDEC, as prescribed by JASDEC.

Article 17. Request for Purchasing Additional Shares in Excess of the Balance of Treasury Stock

If the total number of shares for which a Request for Purchasing Additional Shares is made on the same day exceeds the number of the Company’s treasury stock to be transferred, all the Requests for Purchasing Additional Shares on such day shall not become effective.

A Request for Purchasing Additional Shares shall become effective when it arrives at the handling office of the manager of the shareholders’ register.

1. The purchase price per additional share shall be the closing price on the market managed by the Tokyo Stock Exchange on the effective date of the Request for Purchasing Additional Shares. Provided, however, that if the shares in the Company are not traded on such day, or if the relevant day falls on a non-business day of the Tokyo Stock Exchange, the purchase price per share shall be the price agreed upon in the first trade of the shares in the Company on the subsequent business day on the market managed by the Tokyo Stock Exchange.

2. The price for additional shares shall be the amount calculated by multiplying the purchase price per additional share according to the preceding paragraph by the number of shares for which a Request for Purchasing Additional Shares is made.

As prescribed by JASDEC, the Company shall apply for the transfer of the treasury stock equal to the number of shares for which a Request for Purchasing Additional Shares has been made to the transfer account of the shareholder who has made the Request for Purchasing Additional Shares, on the day when the shareholder who has made the Request for Purchasing Additional Shares remits the price for additional shares through the Securities Firm, and the Company confirms the remittance of the price for additional shares to the bank deposit account designated by the Company.

Article 21. Period when the Acceptance of the Requests for Purchasing Additional Shares is Suspended

1. The Company shall suspend the acceptance of the Requests for Purchasing Additional Shares each year for a period from the ten (10) business days prior to the days set forth below to such days:

2. Notwithstanding the preceding paragraph, the Company may, if it deems necessary, set another period when the acceptance of the Requests for Purchasing Additional Shares will be suspended.

Matters concerning the handling of special accounts, including the personal identification of shareholders with respect to whom special accounts has been opened, shall be governed by the rules established by JASDEC and the account management institutions for special accounts.

Any amendments to these Regulations shall be subject to the resolution of the board of directors.