News of the conclusion of a business tie-up contract with Censere Group [concerning the evaluation of intangible assets].

We entered into the business tie-up contract with Censere Group on March 9, 2010.

Censere Group is based in Singapore, Hong Kong, China, etc., and assesses the value of the intangible assets including patent rights, trademarks and copyrights.
There are large numbers of evaluation results in the countries where the IFRS (International Financial Reporting Standards) has been already introduced into.

In addition, Censere Group has newly set up a representative office in Japan within the premises of our office.

Tel.：03-5725-1065
URL：http://www.censere.com/

In collaboration with Censere Group, we are able to provide evaluation services in respect of the following intangible assets:

• When the financial reporting standard currently met by domestic companies is to be shifted to the IFRS, the fair value (as calculated by means of the reevaluation model and the impairment test) of intangible assets will be newly demanded (※)
• When a domestic company acquires another company which has substantial intangible assets
• When, in domestic accounts, the fair value of intangible assets is required in the impairment accounting of fixed assets and business combination accounts, and so on.

  In addition, through this tie-up we can now provide the services mentioned above when the shift from the J-GAAP to the IFRS takes place in our IPO support business unfolding in the Singapore market for domestic companies.