For Immediate Release:
September 25, 2008

Amendment to Announcements of JVC's Transfer of Fixed Assets
Victor Company of Japan, Limited (JVC) announces an amendment regarding the transfer of its
property in Shimotsuruma, Yamato-shi, which was originally announced in the JVC press release
dated May 26, 2008 entitled "JVC Announces Transfer of Its Fixed Assets" and in the follow-up
press release dated July 28, 2008 entitled "Amendment to Announcement: 'JVC Announces
Transfer of Its Fixed Assets' - May 26, 2008."
The amendments are shown and underlined.
Description
1. Reason for Amendment
Although JVC and The Japan General Estate Co., Ltd. held numerous negotiations on terms
and conditions for the sales agreement, the initial parties could not reach a final agreement. Asa result, the conditions and schedule of the transfer as well as the recipient of the transferchanged.
2. Details of the asset to be transferred(Before amendment)
Details and location of the asset
Land: 44,175.05 m

Book value*

Transfer value*

Current status2

10-1644-1-11, Shimotsuruma,

128

11,550

Factory and office

128

11,550-----------------

Yamato-shi, Kanagawa Prefecture
Total* Amounts indicated in millions of yen(After amendment)
Details and location of the asset

Book value*

Transfer value*

Current status

Land: 45,675.84 m2
10-1642-4-1, Shimotsuruma,

128

7,300

Factory and office

128

7,300

-----------------

Yamato-shi, Kanagawa Prefecture
Total* Amounts indicated in millions of yen1

3. Overview of recipient of transfer(Before amendment)
Name of business

The Japan General Estate Co., Ltd.

Head Office location

21-46, Takanawa 2-chome, Minato-ku, Tokyo

President andRepresentative Director
CapitalMakoto Nishimaru
14,119.75 million yen- Makoto Nishimaru- The Bank of New York, Treaty JASDEC Account

Major shareholders- The Master Trust Bank of Japan, Ltd. (Trust accounts)- CB LDN Scottish Equitable Japan Exempt Scottish Equitable plc- Tsukishima Kikai Co., Ltd.
1. Planning and sale of the company owned condominiums

Major areas of business2. Office building business
3. Sales agency for condominiums owned by other companies
4. Handling of loans

Relationship with JVC

None(After amendment)
Name of businessave Corporation

Head Office location

3-11-7, Kamoi, Yokosuka-shi, Kanagawa Prefecture

President andRepresentative Director
CapitalRepresentative Director: Tadaaki Kimura
400 million yen (as of March 2008)- KIMURA SHOTEN, LTD

Major shareholders- Kimura Ltd.
- Tadaaki Kimura

Major areas of businessSupermarket and home center business

Relationship with JVC

None

4. Schedule of the transfer(Before amendment)
May 26, 2008:

Resolution at the Board of Directors Meeting

Late June 2008:

Conclusion of the transfer agreement and transfer of the property (provisional)(After amendment)
September 25, 2008:

Resolution at the Board of Directors Meeting

Late September 2008:

Conclusion of the transfer agreement and transfer of the property (provisional)2##For further information, please contact:
Toshiya Ogata, General Manager, orDavid Gifford, Manager
Public Relations Group
Corporate Communications Department
Victor Company of Japan, Limited (JVC)
Tel: +81-(0)45-450-2951, 2952
Fax: +81-(0)45-450-2959
E-mail: ogata-toshiya@jvc-victor.jp
dgifford@jvc-victor.jp
URL: http://www.jvc-victor.co.jp/english

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