Calsonic Kansei : Announcement on the Resolutions of Partial Amendments to the Articles of Incorporation and Reduction in the Amounts of Capital, Capital Reserve, and Retained Earnings Reserve

To whom it may concern:

January 25, 2017

Company Name: Calsonic Kansei Corporation Representative: Hiroshi Moriya, President and CEO

(Stock Code: 7248, First Section of the Tokyo Stock Exchange)

Inquiries: Atsuhiko Akiyama, General

Manager of Financial Strategy & Planning Group, Global Finance Division

TEL. [phone]

Announcement ontheResolutionsofPartialAmendmentstotheArticlesofIncorporationand ReductionintheAmountsofCapital,CapitalReserve,andRetainedEarningsReserve

As stated in the "Announcement on Partial Amendments to the Articles of Incorporation and Reduction in the Amounts of Capital, Capital Reserve, and Retained Earnings Reserve" dated December 9, 2016 and the "Announcement on Revised Agenda for the Extraordinary General Shareholders' Meeting ("Partial Amendment to the Articles of Incorporation")" dated December 22, 2016, etc., Calsonic Kansei Corporation (the "Company") submitted proposals on partial amendments to its Articles of Incorporation and on reducing the amounts of capital, capital reserve, and retained earnings reserve to the extraordinary general shareholders' meeting of the Company held today. The Company hereby announces that all of the proposals were approved in their original form as follows.

The Company stated in the "Announcement Concerning Opinion on Tender Offer by CK Holdings Co., Ltd." dated November 22, 2016, regarding the tender offer (the "Tender Offer") by CK Holdings Co., Ltd. (the "Offeror") targeting the common stock of the Company, that, in light of the proposal from the Offeror, and conditional on the completion of the Tender Offer, the Company planned to make a distribution of surplus (the "Special Dividend"). All of the proposals approved at this extraordinary general shareholders' meeting of the Company are related to the Special Dividend.

1. Items to be Resolved

   Agenda No. 1: Partial Amendment to Articles of Incorporation

   This item was approved in its original form. The specific amendment is as set forth below.

   (Amendments are underlined.)

   Current Articles of Incorporation	After Amendment
   (Newly established)	Article 37-2. (Organs that Decide Dividends of Surplus) In the event that the Company distributes surplus by setting the record date on a date no later than September 29, 2017, the Company may, unless otherwise provided for in laws or regulations, decide the matters concerning dividends of surplus set

   forth in Article 459, Paragraph 1, Item 4 of the Companies Act by a resolution of the Board of Directors.

   Agenda No. 2: Reduction of Amount of Capital

   This item was approved in its original form. Of the total amount of capital,

   ¥41,456,240,645, there will be a reduction of ¥39,856,240,645, and the new amount of capital will be ¥1,600,000,000. The Company will transfer the entirety of the reduced amount of capital to other capital surplus. The effective date of reduction in the amount of capital is planned to be March 29, 2017.

   Agenda No. 3 Reduction of Amounts of Capital Reserve and Retained Earnings Reserve

   This item was approved in its original form. The Company will reduce the total amount of capital reserve, ¥59,638,172,926, and transfer the entirety of the reduced amount of capital reserve to other capital surplus. The amount of capital reserve after reduction will be ¥0. In addition, of the total amount of retained earnings reserve,

   ¥4,438,219,046, the Company will reduce ¥4,038,219,046, and transfer the entirety of the reduced amount of retained earnings reserve to retained earnings brought forward. The amount of retained earnings reserve after reduction will be ¥400,000,000. The effective date of reduction in the amounts of capital reserve and retained earnings reserve is planned to be March 29, 2017.

2. Future Plans

The board of directors of the Company is to adopt a resolution regarding the Special Dividend, in accordance with the provision of the Articles of Incorporation after the partial amendment described in Agenda No. 1 in "1. Items to be Resolved". The date of commencement of the Tender Offer has not been decided as of today. However, if the Tender Offer is commenced in late February 2017 as planned, the board of directors of the Company is to adopt a resolution to set the record date of the Special Dividend (planned to be the business day immediately preceding the expected date of commencement of the Tender Offer) and a resolution to determine the dividend amount and the effective date for the Special Dividend.

The Special Dividend will be conditional on the completion of the Tender Offer. Therefore, if the Tender Offer is not completed, the Special Dividend would not be made. In this case, the reductions of capital and reserve, described in Agenda No. 2 and Agenda No. 3, would also not take effect.

End

Note: This is an English translation of the Japanese press release disclosed to Tokyo Stock Exchange. If there is any inconsistency between the English and the Japanese releases, the Japanese-language documentation will prevail.