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Public Inspection of Improvement Status Report -Daio Paper Corporation-

Update : Jan. 28, 2013

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[Tokyo Stock Exchange, Inc.]

An Improvement Status Report has been made available for public inspection as follows.

1. Company Name Daio Paper Corporation
(Code: 3880, Market Division: 1st Section)
2.Public Inspection Period From Jan. 29, 2013 (Tue.) to Dec. 29, 2016 (Thu.)
Provision Securities Listing Regulations, Rule 503, Paragraph 4
(Public Inspection of Improvement Status Report)
3.Reason for Submission After disclosing amendments to its past 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 it was planning to amend such past earnings reports, etc. for the same periods. Regarding 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.) and the Improvement Status Report on Jul. 12, 2012 (Thu.).
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 was scheduled within a short period of time. Such change included the Company acquiring stock of affiliated and other companies held by the founding family via a third party, which would 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 re-requested the Company to submit an Improvement Status Report in order to confirm that the improvement measures of the Company group effectively function after such change.

* After submission of the Improvement Status Report by the said company, in addition to making such report available for public inspection in the Information Terrace in TSE Arrows, it will also be made available on the TSE website and through the TDnet database service.
Information on the systems and frameworks regarding Improvement Status Reports and such reports that are currently available for public inspection can be found on the following page of the TSE website (http://www.tse.or.jp/listing/kaizen/index.html).

DISCLAIMER: This translation may be used for reference purposes only. 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. This translation is subject to change without notice. Tokyo Stock Exchange, 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, misunderstanding, or changes with regard to this translation.

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