Regarding Inquiries from the Shareholders of our company

　The purpose of this letter is to answer relatively common questions that we have received from the shareholders of our company regarding the tender offer of the shares of common stock of our company(“Shares”) by Kabushiki Kaisha U-NEXT SPC1 (“Tender Offer”).
　We note that our company’s board of directors has resolved in the board meeting of February 13, 2017 to favor the Tender Offer and recommend participation by the shareholders of our company to the same.
　It is appreciated if the shareholders of our company examine the following questions and answers and participate in the Tender Offer.