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Jan. 25, 2021 TSEPublic Inspection of Improvement Status Report: PRESSANCE CORPORATION
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An Improvement Status Report has been made available for public inspection as follows.

1.Company Name PRESSANCE CORPORATION
(Code: 3254, Market Division: 1st Section)
2.Public Inspection Period From Jan. 26, 2021 (Tue.) to Jul. 8, 2025 (Tue.)
Provision Securities Listing Regulations, Rule 503, Paragraph 4
(Public Inspection of Improvement Status Report)
3.Reason for Submission On Dec. 23, 2019, PRESSANCE CORPORATION (hereinafter 'the Company') established an external management reform committee to investigate and verify problems in terms of its corporate governance and reform its governance system based on recommendations from a third party after the former President and Representative Director and former employees were arrested and indicted on charges of embezzlement. The Company also disclosed on Mar. 31, 2020 a report received from the committee.
This was a case of inappropriate disclosure arising from deficiencies in the Company's organizational structure for conducting appropriate timely disclosure, and improvements to the organizational structure were deemed highly necessary. As such, TSE required the Company to submit a report containing the background of the issue and improvement measures.
As required after six months from the submission of the Improvement Report, the Company has submitted a report on the status of implementation and operation of the improvement measures ('Improvement Status Report').
  • After submission of the Improvement Status Report, etc. by the Company, they will be made available on the JPX website and through the TDnet database service.
    Improvement Report, etc. that are currently available for public inspection can be found on the following page of the JPX website (https://www.jpx.co.jp/listing/market-alerts/improvement-reports/index.html) (available only in Japanese).

DISCLAIMER: This translation may be used for reference purposes only. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. This translation is subject to change without notice. Tokyo Stock Exchange, Inc. and/or Japan Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or changes with regard to this translation.

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Japan Exchange Group Inc. published this content on 25 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2021 06:35:02 UTC