At the Company’s Board of Directors meeting held on September 27, 2018, the Representative Director and President Shusuke Oguro presented a proposal to resign as the Representative Director and President and to newly appoint Masataka Matsumura as the succeeding Representative Director and President. The proposal was unanimously approved excluding the Directors with special interests. As of the even date, Masataka Matsumura assumed the position of the Representative Director and President of the Company. Shusuke Oguro continues to serve the Company as a Director without the Representative capacity.