partly because the overall household purchasing power was not sufficiently strong and household debt remained elevated. Private investment picked up in line with the improved economic outlook, and with
purchasing power. However, from Sep-21 onward, restrictions were gradually lifted, resulting in some improvement in consumer spending. Meanwhile, competition in mobile industry remained elevated as operators
represent. Independent decision-making is easier to achieve if the structure of the governing body includes representation from relevant interests. In particular it is not desirable that the plan sponsor or
. Actual value may change depending on the exchange rate being effected as of the transaction date 7 is supported by our distinguishing position of official sponsor to Chelsea Football Club Limited and
penetrate into three of the leading modern trade channels in the 3rd quarter of 2017. Coupled with this, such progress is supported by our distinguishing position of official sponsor to Chelsea Football Club
mechanism or measure which render the securities underwriter to perform duties independently: (1) in case the securities underwriter, or parent company or subsidiary company of the underwriter is the sponsor
which render the securities underwriter to perform duties independently: (1) in case the securities underwriter, or parent company or subsidiary company of the underwriter is the sponsor of the REIT; (2
profit and loss statement will start to decline since 3Q/2019 onwards due to a decrease in CFC fees, in line with the adjustment of sponsor status from Principal partner to Global partner, which will last
according to the conditions in the agreement. Currently, it is on process of seeking for sponsor and the result thereon. 5. Investment in the Entertainment Attraction Business The Meeting of the Board of
firms, is the sponsor of this project. As a result, this study may face self selection bias. The participants are companies with lower adjustments than the non-participants. The non-participants may