the availability of retained earnings on the separate financial statements. In all cases, dividend payment shall depend on cash flow and investment plan including any other future obligations of the
trustee of any REIT. Clause 12 5 The following cases shall be deemed that a trustee has lacked independence and shall be prohibited from becoming the trustee of a REIT: 3 Repealed by the Notification of the
securities to the applicant in the following cases: 1. The price of shares or the price for exercise of conversion right under convertible securities to be acquired by the applicant is considered as an offer
SEC Office per calendar year within 31 January of the year, except for the following cases: (1) a licensee who commenses the business operation in the first year shall pay the fee on the first day of
financial statements. In all cases, dividend payment shall depend on cash flow and investment plan including any other future obligations of the Company and/or subsidiaries. Such dividends shall not adversely
consolidated earnings and subjected to the availability of retained earnings on the separate financial statements. In all cases, dividend payment shall depend on cash flow and investment plan including any other
payment shall still be made twice a year and is based on consolidated earnings and subjected to the availability of retained earnings on the separate financial statements. In all cases, dividend payment
availability of retained earnings on the separate financial statements. In all cases, dividend payment shall depend on cash flow and investment plan including any other future obligations of the Company and/or