On February 8, 2018, SPARX Asset Management Co., Ltd. announced that it has submitted a notification with the purpose of requests management to implement corporate value improvement measures. In this strategy, it may hold more than 5% of the total number of outstanding shares. Further, in view of the fact that the shares of Daiichi Kigenso Kagaku Kogyo Co., Ltd. are acquired based on this strategy, SPARX Asset Management continuously reviews the investment in the Company, and depending on the business and financial situation, the stock price of the Company, the situation of the securities market, the general economic situation and the industry situation, it may take actions that SPARX Asset Management deems appropriate in connection with investment in the Company. Such actions are carried out through constructive, fundamentally friendly discussions with the Company's Management, under 'important suggestions acts etc.' according to the law. In addition, SPARX Asset Management is planning to take actions under important proposal acts.