10th February, 2016
FOR IMMEDIATE RELEASE:Integral Announces Capital Participation in Itokin Co., Ltd.
Integral Corporation is pleased to announce that Integral 2 Limited Partnership, Integral Fund II (A) L.P.,
and Integral Corporation (collectively “Integral”) have entered into a capital participation transaction(the “Transaction”) with Itokin Co., Ltd (“Itokin”). The Transaction, totaling ¥4.5 billion, will consist ofboth third party allotment and share purchase from existing shareholders.

Founded in 1950 by Mr. Kingo Tsujimura, Itokin is an established apparel company which introduced
defining overseas and domestic brands and helped shape the Japanese ladies apparel market as one of theindustry leaders. Today, Itokin operates 28 highly-recognized brands - primarily women’s, in addition tomen’s and children’s - through more than 1,400 stores in Japan and Taiwan. In recent years, Itokin has
been working to restructure the company amid the rapidly changing market landscape, as global brands
target Japan and channels to consumers grow increasingly complex.

Under the given conditions, the Transaction will provide financial support to help stabilize the businesswith various business partners such as department stores, shopping centers, banks, suppliers, andfactories, execute restructuring initiatives for lean store network and headquarters, and strengthen brandvalue to achieve further growth in the years to come. Intgral is confident that the Transaction will bring
benefit to Itokin’s various stakeholders, including its customers, suppliers, employees, banks, andshareholders.

Integral believes in the importance of respect for Itokin’s history and revisit to the founder’s passion withhis slogan, “Pursuing Romance in Fashion”, together with Itokin’s employees, such that the employees
can play a central role in driving the business for Itokin’s further growth. In addition to providing
necessary capital, Integral will also have its members stationed in Itokin and dispatch three directors on
board, including the Chairman (Yoshihiro Hemmi: Chairman of Yohji Yamamoto, former President &CEO of Tohato, and former Executive Vice President of adidas Japan), and will provide optimal support
from management and financial standpoint to achieve the growth strategy with executives of Itokin.
Additionally, the Transaction will entail Integral’s hybrid investment methodology consisting of bothprincipal and fund investment, enabling optimal support for Itokin from a long-range perspective.

1Please Contact Integral For Additional Information:
19 F, Meiji Yasuda Life Building 2-1-1, Marunouchi, Chiyoda-ku, Tokyo 100-0005 Japan
Integral Corporation / Integral Partners Corporation
Tel: +81-3-6212-6100 Fax: +81-3-6212-6099
URL: http://www.integralkk.com/en/

About Integral
Integral (Representative Directors: Nobuo Sayama and Reijiro Yamamoto) was founded in September
2007 as an independent Japanese private equity company investing in listed and unlisted companies inJapan. “Integral” stands for “integral calculus – accumulation over time” meaning that the company will
strive to establish a relationship of highest trust with the management of invested companies, and will
aim to accumulate the highest wisdom over time. Integral makes equity investments from a long-range
perspective through its unique “hybrid investment” approach, utilizing both principal and fund money
for investment. Subsequent to investment, the company will provide optimal support in terms ofmanagement and finance through the “i-Engine” corporate value enhancement team, and will collaborate
with the invested company sharing the same objectives and time horizon and seeing eye-to-eye with its
management. Integral aspires to be a trusted investment fund, contributing to society through the successof invested companies.

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