Strategic Capital, Inc.

Letters to Management

Letters to Management

Letter to Tosho Printing Co., Ltd. and Toppan Printing Co., Ltd. (The parent company of Tosho Printing) (TSE Code 7913)

◆January 28th, 2019

Submitted our opinion to Tosho Printing Co., Ltd. and Toppan Printing Co., Ltd. (The parent company of Tosho Printing) about Toppan’s partial sale of Recruit Holdings Co., Ltd. on January 24th, 2019.

Please also find our special website “Improve Tosho’s shareholders’ value”.

A letter sent to Tosho Printing

A letter sent to Toppan Printing

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