Engagement Activities

5 October 2018 Letter to CEO:
　　　Follow-up JPY1.1 trillion share buy-back

28 May 2018 Letter to CEO:
　　　i. Set a JPY1.1 trillion share buy-back program ahead of the upcoming AGM and implement this as soon as possible
　　　ii. Implement a transparent and appropriate capital allocation policy
　　　iii. Reiterate the board’s commitment towards the restructuring of existing business units and avoiding premature M&A activity