November 12, 2004

Best Bridal, Inc.
President and CEO Masayuki Tsukada
TSE Mothers Code: 2418
For information, contact:
Director andmanager,
Title andRyuichi Shibuta
Management
namePlanning
DepartmentTel.
03 (5464) 0081 (switchboard)（http://www.bestbridal.co.jp）

Notice Concerning Partial Acquisition of Sales Rights by
Consolidated Subsidiary
At the meeting of the Board of Directors of Best Bridal, Inc. (BBI) on November 12, 2004, it wasdesigned to enter into an agreement concerning the partial acquisition of sales rights byconsolidated subsidiary Best Bridal Hawaii, Inc. from MATZKI INC., as detailed below.
1. Objective of partial acquisition of sales rights
As a pioneer in guesthouse weddings, the Best Bridal Group consistently offers the latest services
and facilities to meet changing customer needs. The Group offers a number of “high quality,authentic” guesthouses in Japan and overseas, providing detailed customer care and the richselection of products and services needed for unique and original weddings. We provide couples
with weddings full of emotion and dreams come true. Best Bridal Hawaii, Inc. was established bythe Overseas Department in February 1999, beginning wedding agency operations in May of thesame year. Today it directly operates two chapels in Hawaii, and as of the term ended December
31, 2003 has hosted the weddings of 1,478 couples.
MATZKI INC. is a well-known firm in the Hawaiian wedding scene, active there for 29 years,
and has been handling weddings of visitors from overseas, primarily via major Japanese travel
agencies. It has three churches in Hawaii with sole usage rights (Waioli Chapel, St. Mark's
Episcopal Church, Harris United Methodist Church).
Under the recently-signed agreement, BBI subsidiary Best Bridal Hawaii, Inc. has acquired all
sales rights related to Hawaiian wedding services for Japanese customers currently offered underthe “MATZKI Wedding” name.
As a result of this acquisition, BBI will be able to fully utilize the customer draw of nationwide
travel agencies in Japan in addition to its current overseas wedding promotions throughdirectly-managed stores utilizing magazine advertising. This is expected to provide us with asignificantly larger customer base for Hawaiian weddings. In addition we will be able to makeuse of three additional churches in Hawaii, which is expected to support major growth in thenumber of couples making use of our overseas wedding services.

2. Schedule for transfer of sales rights
November 12, 2004
Signing of agreement
November 16, 2004
Transfer of sales rights (planned)
3. Content of acquired sales rights(1) Description of business being transferred
All rights related to Hawaiian wedding services for Japanese customers currently offered underthe “MATZKI Wedding” name.
(2) Performance of business (term ended December 31, 2003)
Revenues
US$5,294,000
Percentage of consolidated revenues for term ended December 31, 2003 (11,276,000 yen): 4.9%
Note: US$1.00 calculated as 105 yen (rate of November 10, 2004) for purposes of convenience.

(3) Rights and values transferred (as of October 21, 2004)
Asset
Item
Actual value
Inventory, etc.
US$429,000
Total
US$429,000
No liabilities were transferred.
(4) Acquisition priceReal market value.
4. Outline of subsidiary
(1)

Name

Best Bridal Hawaii, Inc.

(2)

EstablishedFebruary, 1999(3)

Address

999 Bishop Street, 26th Floor, Honolulu, Hawaii 96813(4)

Legal representative

Masayuki Tsukada, CEO(5)

Capital

US$11,000(6)

Major shareholders

Best Bridal, Inc. (100%)(7)

Business content

Hawaiian wedding service(8)

Fiscal year

Ends December 31(9)Employees

17(10)

Total assets

US$3,827,000(11)EquityUS$1,199,000(12)Revenues

US$5,492,000(13)Income (Loss) before income taxes US$309,000(14)Net income for the term

US$159,000

5. Outlook for the future
The acquisition of sales rights is expected to make a significant contribution to corporate
mid-term performance, but little effect is expected to appear in consolidated results for thecurrent term (term ending December 31, 2004).