Announcement of Merger

Dear All,

We would like to inform you that ARK Audit Corporation and Meiji Audit Corporation have agreed to merge on January 4, 2016.

The merger agreement was executed on March 26, 2015.

I.Corporate Name and Location of the Merged Corporation

Meiji ARK Audit Corporation (planned)

Principal location: Daini Toyo Building 6F, 2-1-21 Nihonbashi, Chuo-ku, Tokyo

Secondary address: 1-23-3, Nishi-Shinjuku, Shinjuku-ku, Tokyo

II. History and Scale of Both Firms
・ARK Audit Corporation

ARK Audit Corporation was established on March 3, 2004, and is currently an independent audit firm.

(As of January 31, 2015)

Personnel: 42 (including 30 certified public accountants)

Number of clients: 38 companies including 16 listed companies

Office: Tokyo

・Meiji Audit Corporation

August 17, 1982 (registration of incorporation); The joint audit firm of Horie and Morita Certified Public Accountants (founded in December 1963) and Tsukahara and Kudo Certified Public Accountant Office (founded in February 1967) established Meiji Audit Corporation, which has been in operation to date. (As of January 31, 2015)

Personnel: 39 (including 33 certified public accountants)

Number of clients: 33 companies, including 11 listed companies

Office: Tokyo

III.Purpose of Merger

The vision of ARK Audit Corporation and Meiji Audit Corporation is to become the No. 1 audit firm in terms of client satisfaction by striving to provide thorough client services that large audit firms cannot provide. We are convinced that our clients’ healthy growth is our value, and we have agreed to make it our mission to provide valuable audits that support our clients’ growth.

With the expansion of our scale, we will further improve the quality of our audits and enhance our client services to better meet our clients’ diverse needs, and as a result, we aim to contribute to the development of the Japanese economy.

IV.Post-Merger Organization and Audit Structure

The merged entity will have approximately 71 audited clients and approximately 80 employees.

We plan to establish a unified structure as soon as possible.

We will continue to be an audit firm trusted by our stakeholders.

Thank you very much for your understanding and cooperation.