CSR Report 2013 the Nisshinbo Group’S Concept of CSR
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1 September 1, 2020 to Whom It May Concern: Keiichi Aida President
Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect, or any other forms of damages arising from the translation. September 1, 2020 To Whom It May Concern: Listed Company’s Name: Keihin Corporation Representative: Keiichi Aida President and CEO (Code: 7251, TSE 1st Section) Contact: Mitsutoshi Sato, General Manager, Accounting Department (Telephone: 03-3345-3411) Notice of Position Statement regarding the Scheduled Commencement of the Tender Offer by Honda Motor Co., Ltd., an Affiliate, for the Management Integration of Hitachi Automotive Systems, Ltd., Keihin Corporation, Showa Corporation (Securities Code: 7274), and Nissin Kogyo Co., Ltd. (Securities Code: 7230) Keihin Corporation (the “Company”) hereby announces that as part of a series of transactions for management integration (the “Integration”; for details, please see the Note below) stated in “Notice of Position Statement regarding the Scheduled Commencement of the Tender Offer by Honda Motor Co., Ltd., an Affiliate, for the Management Integration of Hitachi Automotive Systems, Ltd., Keihin Corporation, Showa Corporation (Securities Code: 7274), and Nissin Kogyo Co., Ltd. (Securities Code: 7230)” dated October 30, 2019 (the “October 30 Press Release”) announced by the Company, regarding a tender offer (the “Tender Offer”) for the shares of the Company’s common stock (the “Shares”) commenced by Honda Motor Co., Ltd. (the “Tender Offeror”) pursuant to the basic contract (the “Basic Contract”) entered into among the Company, Hitachi Automotive Systems, Ltd. -
Defendants and Auto Parts List
Defendants and Parts List PARTS DEFENDANTS 1. Wire Harness American Furukawa, Inc. Asti Corporation Chiyoda Manufacturing Corporation Chiyoda USA Corporation Denso Corporation Denso International America Inc. Fujikura America, Inc. Fujikura Automotive America, LLC Fujikura Ltd. Furukawa Electric Co., Ltd. G.S. Electech, Inc. G.S. Wiring Systems Inc. G.S.W. Manufacturing Inc. K&S Wiring Systems, Inc. Kyungshin-Lear Sales And Engineering LLC Lear Corp. Leoni Wiring Systems, Inc. Leonische Holding, Inc. Mitsubishi Electric Automotive America, Inc. Mitsubishi Electric Corporation Mitsubishi Electric Us Holdings, Inc. Sumitomo Electric Industries, Ltd. Sumitomo Electric Wintec America, Inc. Sumitomo Electric Wiring Systems, Inc. Sumitomo Wiring Systems (U.S.A.) Inc. Sumitomo Wiring Systems, Ltd. S-Y Systems Technologies Europe GmbH Tokai Rika Co., Ltd. Tram, Inc. D/B/A Tokai Rika U.S.A. Inc. Yazaki Corp. Yazaki North America Inc. 2. Instrument Panel Clusters Continental Automotive Electronics LLC Continental Automotive Korea Ltd. Continental Automotive Systems, Inc. Denso Corp. Denso International America, Inc. New Sabina Industries, Inc. Nippon Seiki Co., Ltd. Ns International, Ltd. Yazaki Corporation Yazaki North America, Inc. Defendants and Parts List 3. Fuel Senders Denso Corporation Denso International America, Inc. Yazaki Corporation Yazaki North America, Inc. 4. Heater Control Panels Alps Automotive Inc. Alps Electric (North America), Inc. Alps Electric Co., Ltd Denso Corporation Denso International America, Inc. K&S Wiring Systems, Inc. Sumitomo Electric Industries, Ltd. Sumitomo Electric Wintec America, Inc. Sumitomo Electric Wiring Systems, Inc. Sumitomo Wiring Systems (U.S.A.) Inc. Sumitomo Wiring Systems, Ltd. Tokai Rika Co., Ltd. Tram, Inc. 5. Bearings Ab SKF JTEKT Corporation Koyo Corporation Of U.S.A. -
Organization Sector Report Title Publication Year Report Type
GRI Reports List 2012(Japan) last updated: April 2013 Organization Sector Report Title Publication Year Report type Application Level Status Adeka Chemicals CSR Report 2012 2012 GRI - Referenced Advantest Technology Hardware Corporate Report 2012 2012 GRI - Referenced AEON Retailers Environmental and Social Report 2012 2012 GRI - Referenced Aeon Retailers Environmental & Social Initiatives 2012 2012 Non - GRI Aishin Seiki Equipment Aisin Report 2012 2012 GRI - Referenced Ajinomoto Food and Beverage Products Sustainability Report 2012 2012 Non - GRI All Nippon Airways Coompany Limited Aviation Annual Report 2012 Non - GRI Asahi Glass Company Chemicals AGC Report 2012 2012 GRI - Referenced Asahi Group Holdings Food and Beverage Products CSR Communication Report 2012 2012 GRI - Referenced Asahi Kasei Chemicals CSR Report 2012 2012 GRI - Referenced Astellas Pharma Health Care Products Annual Report 2012 2012 GRI - G3.1 B Self-declared azbil Conglomerates azbil Report 2012 2012 Non - GRI Benesse Holdings, Inc. Other Benesse Report 2012 2012 GRI - Referenced Bridgestone Chemicals CSR Report 2012 2012 GRI - Referenced Brother Technology Hardware CSR Report 2012 2012 GRI - Referenced Canon Technology Hardware Sustainability Report 2012 2012 GRI - Referenced Casio Consumer Durables Sustainability Report 2012 2012 GRI - G3.1 B Self-declared Chiyoda Corporation Construction CSR Report 2012 2012 GRI - Referenced Chubu Electric Power Energy Annual Report 2012 2012 GRI - Referenced Citizen Holdings Conglomerates CSR Report 2012 2012 GRI - Referenced -
Published on July 21, 2021 1. Changes in Constituents 2
Results of the Periodic Review and Component Stocks of Tokyo Stock Exchange Dividend Focus 100 Index (Effective July 30, 2021) Published on July 21, 2021 1. Changes in Constituents Addition(18) Deletion(18) CodeName Code Name 1414SHO-BOND Holdings Co.,Ltd. 1801 TAISEI CORPORATION 2154BeNext-Yumeshin Group Co. 1802 OBAYASHI CORPORATION 3191JOYFUL HONDA CO.,LTD. 1812 KAJIMA CORPORATION 4452Kao Corporation 2502 Asahi Group Holdings,Ltd. 5401NIPPON STEEL CORPORATION 4004 Showa Denko K.K. 5713Sumitomo Metal Mining Co.,Ltd. 4183 Mitsui Chemicals,Inc. 5802Sumitomo Electric Industries,Ltd. 4204 Sekisui Chemical Co.,Ltd. 5851RYOBI LIMITED 4324 DENTSU GROUP INC. 6028TechnoPro Holdings,Inc. 4768 OTSUKA CORPORATION 6502TOSHIBA CORPORATION 4927 POLA ORBIS HOLDINGS INC. 6503Mitsubishi Electric Corporation 5105 Toyo Tire Corporation 6988NITTO DENKO CORPORATION 5301 TOKAI CARBON CO.,LTD. 7011Mitsubishi Heavy Industries,Ltd. 6269 MODEC,INC. 7202ISUZU MOTORS LIMITED 6448 BROTHER INDUSTRIES,LTD. 7267HONDA MOTOR CO.,LTD. 6501 Hitachi,Ltd. 7956PIGEON CORPORATION 7270 SUBARU CORPORATION 9062NIPPON EXPRESS CO.,LTD. 8015 TOYOTA TSUSHO CORPORATION 9101Nippon Yusen Kabushiki Kaisha 8473 SBI Holdings,Inc. 2.Dividend yield (estimated) 3.50% 3. Constituent Issues (sort by local code) No. local code name 1 1414 SHO-BOND Holdings Co.,Ltd. 2 1605 INPEX CORPORATION 3 1878 DAITO TRUST CONSTRUCTION CO.,LTD. 4 1911 Sumitomo Forestry Co.,Ltd. 5 1925 DAIWA HOUSE INDUSTRY CO.,LTD. 6 1954 Nippon Koei Co.,Ltd. 7 2154 BeNext-Yumeshin Group Co. 8 2503 Kirin Holdings Company,Limited 9 2579 Coca-Cola Bottlers Japan Holdings Inc. 10 2914 JAPAN TOBACCO INC. 11 3003 Hulic Co.,Ltd. 12 3105 Nisshinbo Holdings Inc. 13 3191 JOYFUL HONDA CO.,LTD. -
Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT -
STOXX Japan 50 Last Updated: 03.08.2015
STOXX Japan 50 Last Updated: 03.08.2015 Rank Rank (PREVIOUS ISIN Sedol RIC Int.Key Company Name Country Currency Component FF Mcap (BEUR) (FINAL) ) JP3633400001 6900643 7203.T 690064 Toyota Motor Corp. JP JPY Y 176.4 1 1 JP3902900004 6335171 8306.T 659668 Mitsubishi UFJ Financial Group JP JPY Y 93.2 2 2 JP3890350006 6563024 8316.T 656302 Sumitomo Mitsui Financial Grou JP JPY Y 57.3 3 3 JP3854600008 6435145 7267.T 643514 Honda Motor Co. Ltd. JP JPY Y 52.7 4 4 JP3436100006 6770620 9984.T 677062 Softbank Group Corp. JP JPY Y 48.7 5 5 JP3885780001 6591014 8411.T 625024 Mizuho Financial Group Inc. JP JPY Y 47.9 6 6 JP3735400008 6641373 9432.T 664137 Nippon Telegraph & Telephone C JP JPY Y 45.5 7 7 JP3496400007 6248990 9433.T 624899 KDDI Corp. JP JPY Y 42.9 8 8 JP3726800000 6474535 2914.T 647453 Japan Tobacco Inc. JP JPY Y 39.5 9 10 JP3783600004 6298542 9020.T 629854 East Japan Railway Co. JP JPY Y 35.2 10 16 JP3802300008 6332439 9983.T 633243 Fast Retailing Co. Ltd. JP JPY Y 34.9 11 17 JP3422950000 B0FS5D6 3382.T 679717 Seven & I Holdings Co. Ltd. JP JPY Y 34.2 12 18 JP3463000004 6870445 4502.T 687044 Takeda Pharmaceutical Co. Ltd. JP JPY Y 33.5 13 14 JP3566800003 6183552 9022.T 618355 Central Japan Railway Co. JP JPY Y 32.7 14 11 JP3898400001 6596785 8058.T 659678 Mitsubishi Corp. JP JPY Y 31.8 15 13 JP3242800005 6172323 7751.T 617232 Canon Inc. -
Notice Regarding Execution of Share Exchange Agreement Concerning Nisshinbo Holdings Inc
[Translation] The share exchange described in this press release involves securities of a Japanese company. The offer is subject to disclosure requirements of Japan that are different from those of the United States. Financial information included in this document, if any, was excerpted from financial statements prepared in accordance with non-U.S. accounting standards that may not be comparable to the financial statements of United States companies. It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal securities laws, since the issuer is located in Japan and all of its officers and directors reside outside of the United States. You may not be able to sue a Japanese company or its officers or directors in a Japanese court for violations of the U.S. securities laws. It may be difficult to compel a Japanese company and its affiliates to subject themselves to a U.S. court’s judgment. You should be aware that the issuer may purchase securities otherwise than under the share exchange, such as in open market or privately negotiated purchases. This document has been translated from the Japanese-language original for reference purposes only. While this English translation is believed to be generally accurate, it is subject to, and qualified by, in its entirety, the Japanese-language original. Such Japanese-language original shall be the controlling document for all purposes. May 10, 2018 For immediate release Company: Nisshinbo Holdings Inc. Representative: Masaya Kawata, President Securities Code: 3105 TFS (First Section); NSE (First Section); SSE; FSE Contact: Investor Relations & Public Relations Group (Tel: 03-5695-8854) Company: New Japan Radio Co., Ltd. -
Honda to Commence the Tender Offer for Shares in Keihin, Showa and Nissin
FOR IMMEDIATE RELEASE Honda to Commence the Tender Offer for Shares in Keihin, Showa and Nissin Tokyo, Sep 1, 2020 – As announced in the press release issued on October 30, 2019, Hitachi, Ltd. (TSE: 6501, “Hitachi”), Honda Motor Co., Ltd. (TSE: 7267, “Honda”), Hitachi Automotive Systems, Ltd. (“Hitachi Automotive Systems”), Keihin Corporation (TSE: 7251, “Keihin”), Showa Corporation (TSE: 7274, “Showa”), and Nissin Kogyo Co., Ltd. (TSE: 7230, “Nissin”) entered into the basic contract regarding a management integration on October 30, 2019, to conduct the management integration through implementation of the absorption-type merger in which Hitachi Automotive Systems (a wholly-owned subsidiary of Hitachi) will be the surviving company, and Keihin, Showa and Nissin will be the disappearing companies (the “Absorption-type Merger”) after making Keihin, Showa and Nissin wholly-owned subsidiaries of Honda through tender offers targeting the common shares of Keihin, Showa and Nissin (collectively, the “Tender Offer”). Honda confirmed that all of certain conditions precedent, including filing with and permits from competition authorities of relevant countries in connection with the Tender Offer, have been satisfied, and that the conditions to commence the Tender Offer have been fulfilled. Therefore, Honda determined to commence the Tender Offer from September 2, 2020 on September 1, 2020. Along with the commencement of the Tender Offer, the schedule for implementation of the Absorption-type Merger assumed as of today is as follows. From September -
Mizuho BK Custody and Proxy Board Lot Size List OCT 27, 2020 21LADY
Mizuho BK Custody and Proxy Board Lot Size List OCT 27, 2020 Board Lot Stock Name (in Alphabetical Order) ISIN Code QUICK Code Size 21LADY CO.,LTD. 100 JP3560550000 3346 3-D MATRIX,LTD. 100 JP3410730000 7777 4CS HOLDINGS CO.,LTD. 100 JP3163300001 3726 A DOT CO.,LTD 100 JP3160590000 7063 A-ONE SEIMITSU INC. 100 JP3160660001 6156 A.D.WORKS GROUP CO.,LTD. 100 JP3160560003 2982 A&A MATERIAL CORPORATION 100 JP3119800005 5391 A&D COMPANY,LIMITED 100 JP3160130005 7745 A&T CORPORATION 100 JP3160680009 6722 ABALANCE CORPORATION 100 JP3969530009 3856 ABC-MART,INC. 100 JP3152740001 2670 ABHOTEL CO.,LTD. 100 JP3160610006 6565 ABIST CO.,LTD. 100 JP3122480001 6087 ACCESS CO.,LTD. 100 JP3108060009 4813 ACCESS GROUP HOLDINGS CO.,LTD. 100 JP3108190004 7042 ACCRETE INC. 100 JP3108180005 4395 ACHILLES CORPORATION 100 JP3108000005 5142 ACMOS INC. 100 JP3108100003 6888 ACOM CO.,LTD. 100 JP3108600002 8572 ACRODEA,INC. 100 JP3108120001 3823 ACTCALL INC. 100 JP3108140009 6064 ACTIVIA PROPERTIES INC. 1 JP3047490002 3279 AD-SOL NISSIN CORPORATION 100 JP3122030004 3837 ADASTRIA CO.,LTD. 100 JP3856000009 2685 ADEKA CORPORATION 100 JP3114800000 4401 ADISH CO.,LTD. 100 JP3121500007 7093 ADJUVANT COSME JAPAN CO.,LTD. 100 JP3119620007 4929 ADTEC PLASMA TECHNOLOGY CO.,LTD. 100 JP3122010006 6668 ADVAN CO.,LTD. 100 JP3121950004 7463 ADVANCE CREATE CO.,LTD. 100 JP3122100005 8798 ADVANCE RESIDENCE INVESTMENT CORPORATION 1 JP3047160001 3269 ADVANCED MEDIA,INC. 100 JP3122150000 3773 ADVANEX INC. 100 JP3213400009 5998 ADVANTAGE RISK MANAGEMENT CO.,LTD. 100 JP3122410008 8769 ADVANTEST CORPORATION 100 JP3122400009 6857 ADVENTURE,INC. 100 JP3122380003 6030 ADWAYS INC. 100 JP3121970002 2489 AEON CO.,LTD. 100 JP3388200002 8267 AEON DELIGHT CO.,LTD. -
Annual Report 2012
ANNUAL REPORT 2012 Evolution into a Company that Creates Added Value Profile Contents Ranking as one of Japan’s leading chemical companies, Showa Denko at a Glance 1 Showa Denko K.K. operates in the six major segments of Consolidated Five-Year Summary 2 petro chemicals, chemicals, electronics, inorganics, aluminum, Message from the Management 3 2012 Achievements of Medium-Term and others. Business Plan “PEGASUS” 7 The Showa Denko Group has been implementing its Research and Development 10 medium-term consolidated business plan “PEGASUS” since Review of Operations 14 January 2011. Despite the severe business environment owing Corporate Social Responsibility 18 to the slowdown in overseas economies centering on Europe Responsible Care Activities 19 and China, and prolonged appreciation of the yen, we took Board of Directors 20 Corporate Governance 21 various measures in 2012 under “PEGASUS.” Specifically, we Consolidated Six-Year Summary 24 promoted the capacity expansion project at our U.S. graphite Management’s Discussion and Analysis 25 electrode subsidiary, and decided to establish a new graphite Consolidated Balance Sheets 28 electrode production site in China. We also established an Consolidated Statements of Income 30 aluminum casting subsidiary in Malaysia for our Shotic Consolidated Statements of Comprehensive Income 31 business. Consolidated Statements of To establish ourselves as a chemical company with a strong Changes in Net Assets 32 presence on the global market, we will continue to promote Consolidated Statements of Cash Flows 33 growth strategies in which our HD media and graphite elec- Notes to Financial Statements 34 trode businesses serve as our “Wings.” We will also work to Report of Independent Certified improve our business portfolio and build up strong and diversi- Public Accountants 54 Major Subsidiaries and Affiliates 55 fied businesses on a global scale, thereby establishing leading Corporate Data 56 positions in various market segments. -
Published on 7 October 2016 1. Constituents Change the Result Of
The result of periodic review and component stocks of TOPIX Composite 1500(effective 31 October 2016) Published on 7 October 2016 1. Constituents Change Addition( 70 ) Deletion( 60 ) Code Issue Code Issue 1810 MATSUI CONSTRUCTION CO.,LTD. 1868 Mitsui Home Co.,Ltd. 1972 SANKO METAL INDUSTRIAL CO.,LTD. 2196 ESCRIT INC. 2117 Nissin Sugar Co.,Ltd. 2198 IKK Inc. 2124 JAC Recruitment Co.,Ltd. 2418 TSUKADA GLOBAL HOLDINGS Inc. 2170 Link and Motivation Inc. 3079 DVx Inc. 2337 Ichigo Inc. 3093 Treasure Factory Co.,LTD. 2359 CORE CORPORATION 3194 KIRINDO HOLDINGS CO.,LTD. 2429 WORLD HOLDINGS CO.,LTD. 3205 DAIDOH LIMITED 2462 J-COM Holdings Co.,Ltd. 3667 enish,inc. 2485 TEAR Corporation 3834 ASAHI Net,Inc. 2492 Infomart Corporation 3946 TOMOKU CO.,LTD. 2915 KENKO Mayonnaise Co.,Ltd. 4221 Okura Industrial Co.,Ltd. 3179 Syuppin Co.,Ltd. 4238 Miraial Co.,Ltd. 3193 Torikizoku co.,ltd. 4331 TAKE AND GIVE. NEEDS Co.,Ltd. 3196 HOTLAND Co.,Ltd. 4406 New Japan Chemical Co.,Ltd. 3199 Watahan & Co.,Ltd. 4538 Fuso Pharmaceutical Industries,Ltd. 3244 Samty Co.,Ltd. 4550 Nissui Pharmaceutical Co.,Ltd. 3250 A.D.Works Co.,Ltd. 4636 T&K TOKA CO.,LTD. 3543 KOMEDA Holdings Co.,Ltd. 4651 SANIX INCORPORATED 3636 Mitsubishi Research Institute,Inc. 4809 Paraca Inc. 3654 HITO-Communications,Inc. 5204 ISHIZUKA GLASS CO.,LTD. 3666 TECNOS JAPAN INCORPORATED 5998 Advanex Inc. 3678 MEDIA DO Co.,Ltd. 6203 Howa Machinery,Ltd. 3688 VOYAGE GROUP,INC. 6319 SNT CORPORATION 3694 OPTiM CORPORATION 6362 Ishii Iron Works Co.,Ltd. 3724 VeriServe Corporation 6373 DAIDO KOGYO CO.,LTD. 3765 GungHo Online Entertainment,Inc. -
Important Notice the Depository Trust Company
Important Notice The Depository Trust Company B #: 14454-20 Date: December 24, 2020 To: All Participants Category: TaxRelief, Distributions From: International Services Attention: Operations, Reorg & Dividend Managers, Partners & Cashiers Tax Relief – Country: JAPAN Depositary for Unsponsored DR Program: BNYM Securities: See Below Subject: CUSIP(s): Please refer to Dividend Event Matrix for list of CUSIPs Record Date: 12/30/2020 Payable Date: TBD CA Web Instruction Deadline: 01/20/2021 8:00 PM ET Participants can use DTC’s Corporate Actions Web (CA Web) service to certify all or a portion of their position entitled to the applicable withholding tax rate. Participants are urged to consult TaxInfo respectively before certifying their instructions over the CA Web. Important: Prior to certify listing tax withholding instructions, participants are urged to read, understand and comply with the information in the Legal Conditions category found on TaxInfo on the CA Web. Questions regarding this Important Notice may be directed to GlobeTax 212-747-9100. Important Legal Information: The Depository Trust Company (“DTC”) does not represent or warrant the accuracy, adequacy, timeliness, completeness or fitness for any particular purpose of the information contained in this communication, which is based in part on information obtained from third parties and not independently verified by DTC and which is provided as is. The information contained in this communication is not intended to be a substitute for obtaining tax advice from an appropriate professional advisor. In providing this communication, DTC shall not be liable for (1) any loss resulting directly or indirectly from mistakes, errors, omissions, interruptions, delays or defects in such communication, unless caused directly by gross negligence or willful misconduct on the part of DTC, and (2) any special, consequential, exemplary, incidental or punitive damages.