1. Position regarding reduction of the investment unit

HIRATA Corportion recognizes that reducing investment units is one effective measure to promote the revitalization of the stock market, such as expanding the investor base and improving the liquidity of stocks.

2. Policy regarding reduction of the investment unit

Regarding the reduction of investment units for our company's stocks, we will carefully consider the future stock price level, market trends, shareholder composition, and other factors, and comprehensively examine the necessity and timing of implementation.