The shares are listed on the Tokyo Stock Exchange

Davis Polk advised the international joint lead managers and joint bookrunners in connection with the secondary offering of 25,871,800 shares of common stock of Sanrio Company, Ltd., which are listed on the Tokyo Stock Exchange.

The Japanese underwriters have an over-allotment option with respect to 3,880,700 shares. The global offering consisted of an offering in Japan and an international offering outside Japan pursuant to Rule 144A and Regulation S. Assuming full exercise of the over-allotment option, the aggregate proceeds of the global offering will be approximately ¥135.1 billion (approximately $882.9 million).

Sanrio is an entertainment company with operations around the world developing products, services and partnerships based on its portfolio of original characters, including the highly recognizable and widely beloved Hello Kitty.

The Davis Polk corporate team included partners Jon Gray and Christopher Kodama, counsel Chihiro Sasaki and associates Haruka Moriya and Yoshi Kusama Sanders. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided tax advice. Members of the Davis Polk team are based in the Tokyo and London offices.

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