REVIC Transfers Debt Pertaining to Fuji Technica Inc. and Others
June 14th, 2013
Regional Economy Vitalization Corporation of JapanThe Regional Economy Vitalization Corporation of Japan (“REVIC”), following a decision by
the REVIC Committee, has resolved to implement a transfer of debt of the Fuji Technicacompanies. As a result, REVIC no longer holds any debt of the Fuji Technica companies.
1. Names of companies concerned
Fuji Technica Inc. (hereafter, “Fuji Technica”) and Fuji Assembly Systems, Inc. (hereafter“FAS”); (collectively, “the Fuji Technica companies”).
Note: Fuji Technica & Miyazu Inc. (“hereafter, Fuji Technica & Miyazu”) is the new tradename of Fuji Technica after the transfer of business of Miyazu Seisakusho Inc.
(“hereafter, Miyazu Seisakusho”) to Fuji Technica in line with its business revitalizationplan.
2. Background
ETIC, as the predecessor of REVIC, resolved to provide support to the Fuji Technica
companies on September 17th, 2010, under Article 25, Clause 4 of the Enterprise
Turnaround Initiative Corporation of Japan Act (Act 63, of 2009; includes changes to theAct thereafter; hereafter “the Act”), and subsequently on November 12th of the sameyear resolved to implement a purchase of debt under Article 28, Clause 1 and Article 31,
Clause 1 of the Act.
On December 15th of the same year and February 21st, 2011, in line with the business
revitalization plan, ETIC acquired an 81.15% share of voting rights (based on conversion
to common stock) in Class A Preferred Stock with a ¥5,300 million cash injection and a
3.86% share of voting rights (same basis as above) in Class B Preferred Stock with a¥869 million investment in kind*, for a total 85.01% share of voting rights (same basis asabove). ETIC retained a portion of Class A Preferred Stock and Class B Preferred Stockthat has been converted to common stock.
In line with the business revitalization plan, on December 16th, 2010 all business ofMiyazu Seisakusho was transferred to Fuji Technica, which on July 1st, 2011 changed its
trade name to Fuji Technica & Miyazu.
After this transfer, the liquidation process of Miyazu Seisakusho was completed in linewith the business revitalization plan. Additionally, at the time of the decision to provide
support, Fuji Technica held 83% of voting rights in FAS, but as of August 8 th, 2012 allshares held have been sold.
Business revitalization of Fuji Technica & Miyazu then proceeded in line with the plan.
Having reached a certain level of progress with regard to the revitalization, ETIC moved

forward with the process of transferring shares held in Fuji Technica & Miyazu, and on
May 23, 2013, completed the transfer of shares to Phoenix Capital Co., Ltd. (hereafter“Phoenix Capital”; purchasing entities were formed by Phoenix Capital Co., Ltd. andwere Phoenix Capital Partners Nine LPS and Phoenix Capital Eleven).
REVIC has now resolved to transfer all debt held in the Fuji Technica companies toPhoenix Capital on June 21, 2013.
*This is ETIC’s underwriting of the raising shares, a part of which consists of paid-in cash. It obtained them throughits credit purchase operation from the subject lenders. (It is so called debt-equity-swap. (=DES))
Note: Please refer to the appendix for an outline of the share transferee.

3. Amount of debt
Of the ¥11,658 million owed by the Fuji Technica companies, ETIC purchased ¥3,845
million from financial institutions, and implemented a debt equity swap in accordancewith the business revitalization plan. REVIC later received scheduled repayments aswell as a partial repayment through disposal of collateral, and on June 21, 2013, theremaining debt amount of ¥1,793 million is set to be transferred to Phoenix Capital.
4. Comments from State Ministers in charge of REVIC
Prime Minister, Minister of Internal Affairs and Communications, Minister of Finance,
Minister of Health, Labour and Welfare, Minister of Economy, Trade and Industry: No
opinion expressed.
ENDS

Appendix: Outline of the Share Transferee
Phoenix Capital Co., Ltd.
Head office:President:

9th Floor Kishimoto Building
2-2-1 Marunouchi, Chiyoda-ku, Tokyo, Japan
Toshihiko Mimura

Date established:

January 21, 2002

Paid-in Capital:¥10,000,000

Shareholders:Own board members and PricewaterhouseCoopers Co., Ltd.