News

At a Board of Directors held on August 6, 2003, the Company decided to apply for the delisting of its common stock from the Nagoya, Fukuoka and Sapporo Stock Exchanges. The Company's common stock will continue to be listed on the Tokyo Stock Exchange and the Osaka Securities Exchange. Brief details are as follows.

1.Rationale

The Company has decided to apply for the delisting of its common stock from the Nagoya, Fukuoka and Sapporo Stock Exchanges reflecting nominal trade of the company's stock on these exchanges and efforts to reduce costs and administrative burden.

2.Listing of the Company's Common Stock

The Company's common stock will continue to be listed on the Tokyo Stock Exchange and the Osaka Securities Exchange.

3.Application for Delisting

The Company has applied for delisting on August 6, 2003 (Wednesday).

4.Schedule

After the Nagoya, Fukuoka and Sapporo Stock Exchanges receives the Company's application for common stock delisting, the Company's stock will be shifted to Delisted Stock Trading Post. Delisting is expected to be completed one month thereafter.