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January 28, 2000

Notification of the Result of Treasury Stock Purchase

Details of the treasury stock purchase announced yesterday (January 27, 2000) are provided below.

1. Reason for purchase Retirement of stock in accordance with Section 3 of the Commercial Code governing the retirement of shares
2. Type of stock purchased Taisho par-value common stock
3. Amount of stock purchased 2,000,000 shares
4. Price 3,150 yen
5. Date of transaction Friday, January 28, 2000
6. Method of purchase Purchased at closing price from ToSTNeT-2 of the Tokyo Stock Exchange

We are pleased to announce that this treasury stock purchase was completed as resolved by the Board of Directors on January 27, 2000.