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| 1. | Reason for Application for Delisting We have resolved to file the applications for delisting considering that the delisting would have little or no impact upon our shareholders and investors as the volume of shares traded on the stock exchanges of Sapporo, Nagoya and Fukuoka has been immaterial. |
| 2. | Stock Exchanges other than the Aforementioned Three Stock Exchanges The Company's shares will continue to be listed on the Tokyo Stock Exchange and Osaka Securities Exchange. |
| 3. | The Date of Applications for Delisting March 24, 2003 (Monday) |
| 4. | Forecast hereafter After the Nagoya, Fukuoka, and Sapporo Stock Exchanges receive the Company's application for delisting, they will move the Company's stock to a delisted stock trading post. Delisting is expected to be completed one month from the date on which the stock is moved. |