June 29, 2021

Menicon Co., Ltd.

President and CEO: Hidenari Tanaka

Securities Code: 7780

TSE, 1st section, NSE, 1st section

Contact:

Motonari Watanabe

Senior Executive Officer,

Corporate Management, CFO

Phone:+81-52-935-1646

View and Policy regarding the Lowering Investment Units

1. View regarding lowering the investment unit

Menicon Co., Ltd. ("the Company") recognizes that lowering the investment unit contributes to expanding the investor base and improving stock liquidity.

2. Policy regarding lowering the investment unit

The Company will consider lowering the investment unit by comprehensively considering the Company's stock price, trading volume, shareholder composition and the environment surrounding the Company.

(Note) This disclosure is implemented based on Rule 409 (Disclosure of Lowering Investment Units) of the Securities Listing Regulations of the Tokyo Stock Exchange.

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Menicon Co. Ltd. published this content on 29 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2021 06:35:38 UTC.