On May 23, 2018, JP-Holdings, Inc. announced that it received a document indicating that Page One Co., Ltd., a shareholder of the Company, will give proposals at the 26th annual general meeting of shareholders to be held in June 2018, as follows: 1) Appoint 4 directors: Koichiro Furukawa, Naoto Nishii, Toru Sakai, and Akihiko Fukuoka; 2) Appoint 4 outside directors: Manabu Uchiyama, Yuki Maruyama, Masaki Miki, and Takashi Minagawa; 3) 'Two thirds or more' in Article 28 (Method for terminating directors) of the Articles of Incorporation is to be changed to a 'majority.'