News Release


On the Transition to a Holding - Company Structure

March 10, 2006

KYORIN group has already officially announced the decision to transition to a holding-company structure through a share exchange scheduled for March, 2006. We announce the completion of this share exchange and the transition to a holding-company structure for KYORIN Co., Ltd. and KYORIN Pharmaceutical Co., Ltd. today, March 10.

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