Period ended 30 Jun 17 Hotel business 956 990 (34) -3.5% 2,320 2,314 6 0.3% Education business 82 80 2 2.5% 203 215 (12) -5.6% Others 87 14 73 572.3% 301 65 236 361.5% Total revenue 1,125 1,084 41 3.9

3 1 August, 2 0 1 7 considered and approved the disposition of the subsidiary is engaged in education related business. As a result, operating results for the three months ended the first quarter

(Translation) No.Tor.For. 24/2018 21 December 2018 Subject : To sell common shares of Waseda Education (Thailand) Company Limited to connected person. Attention : The President of the Stock Exchange

Company places a significant emphasis on cultivating a sustainable relationship between society and the environment through the implementation of an Environmental Management System (ISO14001) across the

direction primarily by considering the balance of three dimensions – economy, society and environment – under good corporate governance, appropriate risk management and effective cost management. At the same

financial services with safety and fairness, and employees; via our Human Resources Management policy to treat employees equally through recruiting, providing a safe working environment and good occupational

fairness, and employees; via our Human Resources Management policy to treat employees equally through recruiting, providing a safe working environment and good occupational healthy environment, performance

Resources Management policy to treat employees equally through recruiting, providing a safe working environment and good occupational healthy environment, performance appraisal, layoffs and retirement

safety and fairness, and employees; via our Human Resources Management policy to treat employees equally through recruiting, providing a safe working environment and good occupational healthy environment

, with a manufacturing capacity of 50 tons per day. In this connection, the Company will have Environment Pulp and Packaging Co., Ltd., which is a subsidiary of the Company, act as the project company, the