2016

Notice of Change of Accounting Period (Closing Date)

Announced: Nov. 9, 2016

Published: Nov. 9, 2016

Name of Listed Company: Toyo Ink SC Holdings Co., Ltd.
Representative: Katsumi Kitagawa, President and Representative Director
Stock Code: 4634, Tokyo Stock Exchange First Section
Inquiries: Toshihiko Nobe, Operating Officer and General Manager of General Affairs Department
Tel: +81-3-3272-5731

Toyo Ink SC Holdings Co., Ltd. (President and Representative Director: Katsumi Kitagawa; hereinafter “the Company”) hereby announces that, subject to shareholder approval of a partial amendment to the Articles of Incorporation at the 179th General Meeting of Shareholders to be held in late June 2017, it resolved to change its accounting period (closing date) at the meeting of the Board of Directors held on November 9, 2016, as described below:

1. Reasons for the change

In line with the world standard, the closing date of all Toyo Ink Group companies will be unified as December 31 in order to promote the integration of global business operation as well as to improve management transparency through the timely and appropriate disclosure of management information in light of the goal of turning the Toyo Ink Group into “a corporate group evolving into a globally useful specialty chemical manufacturer.”

2. Details of the change in the accounting period

Current closing date:  March 31 of each year
New closing date:       December 31 of each year
(Note) As the transitional period for the adoption of the new closing date, the 180th business year will span a 9-month period from April 1, 2017 to December 31, 2017. The same change to the accounting period will be made at those consolidated subsidiaries that currently have a closing date other than December 31.

3. Future forecasts

The Company will announce its earnings forecasts for the 180th business year in the consolidated financial results for the fiscal year ending March 31, 2017, which is scheduled to be disclosed in May 2017.

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Update: Nov. 9, 2016