TSE News

Public Inspection and Re-request for Improvement Status Report -Daio Paper Corporation-

Update : Jul. 19, 2012

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[Tokyo Stock Exchange, Inc.]

TSE received an Improvement Status Report from Daio Paper Corporation and made it available for public inspection. In addition to this, as a result of examinations, TSE deems it appropriate to re-request an Improvement Status Report as follows.

1. Company Name Daio Paper Corporation
(Code: 3880, Market Division: 1st Section)
2. Public Inspection of Improvement Status Report  
(1) Public Inspection Period From Jul. 13, 2012 (Fri.) to Dec. 29, 2016 (Thu.)
(2) Provision Securities Listing Regulations, Rule 503, Paragraph 4
(Public Inspection of Improvement Status Report)
(3) Reason for Submission After disclosing corrections to its earnings reports, etc. from the 1st quarter of the fiscal year ended Mar. 2007 to the 1st quarter of the fiscal year ended Mar. 2012, Daio Paper Corporation (hereinafter "the Company") disclosed that the Company would again make corrections to such earnings reports, etc. for the same periods. With regard to this matter, the Company submitted the report containing the background of such corrections and improvement measures on Dec. 29, 2011 (Thu.) and submitted the amended version of such report on May 25, 2012 (Fri.).
As six (6) months have passed since the submission of such report, the Company has submitted an Improvement Status Report containing the status of implementation and operation of such improvement measures described in such report.
3. Re-request for Improvement Status Report  
(1) Deadline for Re-submission of Improvement Status Report Jan. 28, 2013 (Mon.)
(2) Provision Securities Listing Regulations, Rule 503, Paragraph 2
(TSE deems it necessary to request the Company to submit an Improvement Status Report with regard to the status of implementation and operation of the improvement
measures.)
(3) Reason for Submission The Company disclosed the "Notice in relation to agreement on acquisition of shares of affiliated companies, etc. and changes in subsidiaries, major shareholders, and other related companies" on Jun. 26, 2012. As in the notice, a major change in the scope of consolidation of the Company is scheduled within a short period of time. Such change includes the Company acquiring stock of affiliated and other companies held by the founding family via a third party, which will result in such companies that became unconsolidated companies before the implementation and operation of the improvement measures becoming consolidated subsidiaries once again, as well as multiple companies joining the Company group.
In light of the above, TSE has requested the Company to explain the status after six months pass from today in order to confirm that the improvement measures of the Company group effectively function after such change. TSE deems it appropriate to request the Company to submit an Improvement Status Report by Jan. 28, 2013 (Mon.) pursuant to the provisions of Rule 503, Paragraph 2 of the Securities Listing Regulations.

DISCLAIMER: This translation may be used only for reference purposes. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. Tokyo Stock Exchange, Inc., Tokyo Stock Exchange Group, Inc., and/or Tokyo Stock Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, or misunderstanding with regard to this translation.

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