In consideration of the recent overall deterioration in business results, all directors and executive officers of Mitsubishi Rayon have already taken a pay cut on a voluntary basis effective from January this year as a statement of management responsibility, and they have agreed to a further reduction in their salaries effective from April. At the same time, the management of the Company has decided to carry out a pay cut for all managerial staff members below the rank of executive officer, as an additional measure to deal with the difficult current situation. Details are summarized below.