Preferred Stocks, etc.

A preferred stock, etc. means a non-participating preferred stock and subsidiary-linked dividend stock.

A non-participating preferred stock means, out of a class of stocks which have precedence on surplus dividends, a stock whose shareholder is unable to receive dividend from the residual distributable amount after receiving payment of preferred dividend.

A subsidiary-linked dividend stock means an equity share of a class whose substance is that the issuer pays surplus dividend to shareholders in accordance with the business performance, dividend, etc. of its consolidated subsidiary.