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Regarding March 6 Announcement on Resignation of President
Today, following the Company's explanation of the September 25 announcement to Tokyo Stock Exchange representatives, the Company received a strict verbal warning. The Company was advised that although the explanation for the resignation of the representative director was inappropriate and the disclosure inadequate, these concerns were not significant enough to cause investors to make erroneous investment decisions, and therefore the exchange would not require a disclosure improvement report or other measure.
The Company takes this warning from the Tokyo Stock Exchange seriously, and will continue to make efforts to practice appropriate information disclosure.