Exhibit 99.1

INDEPENDENT AUDITORS REPORT

To the Board of Directors and Shareholders of

AIM SERVICES Co., Ltd.

Tokyo, Japan:

We have audited the accompanying consolidated balance
sheets of AIM SERVICES Co., Ltd. and subsidiaries (the Company) as of March 31, 2009 and 2008, and the related consolidated statements of income, changes in equity, and cash flows for each of the three years in the period ended
March 31, 2009 (all expressed in Japanese yen). These financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companys internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining,
on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such consolidated financial statements present fairly,
in all material respects, the financial position of AIM SERVICES Co., Ltd. and subsidiaries as of March 31, 2009 and 2008, and the results of their operations and their cash flows for each of the three years in the period ended March 31,
2009, in conformity with accounting principles generally accepted in Japan (Japanese GAAP).

Japanese GAAP varies in certain
significant respects from accounting principles generally accepted in the United States of America. Information relating to the nature and effect of such differences is presented in Note 12 to the consolidated financial statements.

Our audits also comprehended the translation of Japanese yen amounts into U.S. dollar amounts and, in our opinion, such translation has been made in
conformity with the basis stated in Note 1. Such U.S. dollar amounts are presented solely for the convenience of readers outside Japan.

/s/
DELOITTE TOUCHE TOHMATSU LLC

Tokyo, Japan

October 9, 2009



---

AIM SERVICES Co., Ltd. and Subsidiaries

Consolidated Balance Sheets

March 31, 2009 and 2008





|                                                           |  |                  |            |   |                                  |   |            |      |  |   |         |  
|---------------------------------------------------------- |  | ---------------- | ---------- | - | -------------------------------- | - | ---------- | ---- |  | - | ------- | -
|                                                           |  | Thousands of Yen |            |   | Thousands ofU.S. Dollars(Note 1) |  
|                                                           |  | 2009             |            |   | 2008                             |   |            | 2009 | 
|ASSETS                                                     |  |                  |            |   |                                  |   |            |      |  |   |         |  
|CURRENT ASSETS:                                            |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Cash and cash equivalents (Note 2.b)                       |  | ¥                | 8,249,252  |   |                                  | ¥ | 8,622,641  |      |  | $ | 83,326  |  
|Marketable securities (Notes 2.d and 3)                    |  |                  | 99,764     |   |                                  |   | 99,660     |      |  |   | 1,008   |  
|Receivables:                                               |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Trade notes                                                |  |                  | 3,293      |   |                                  |   | 17,060     |      |  |   | 33      |  
|Trade accounts                                             |  |                  | 13,063,367 |   |                                  |   | 13,478,079 |      |  |   | 131,953 |  
|Other                                                      |  |                  | 113,919    |   |                                  |   | 180,451    |      |  |   | 1,151   |  
|Inventories (Notes 2.c and 4)                              |  |                  | 1,518,118  |   |                                  |   | 1,468,508  |      |  |   | 15,335  |  
|Short-term loans                                           |  |                  | 1,610,727  |   |                                  |   | 11,486     |      |  |   | 16,270  |  
|Deferred tax assets (Notes 2.n and 7)                      |  |                  | 1,999,429  |   |                                  |   | 1,945,313  |      |  |   | 20,196  |  
|Prepaid expenses and other                                 |  |                  | 256,923    |   |                                  |   | 314,951    |      |  |   | 2,595   |  
|Allowance for doubtful accounts                            |  |                  | (29,479    | ) |                                  |   | (48,591    | )    |  |   | (298    | )
|                                                           |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Total current assets                                       |  |                  | 26,885,313 |   |                                  |   | 26,089,558 |      |  |   | 271,569 |  
|                                                           |  |                  |            |   |                                  |   |            |      |  |   |         |  
|PROPERTY, PLANT AND EQUIPMENT (Notes 2.f, 2.g, 2.l and 8): |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Land                                                       |  |                  | 867,322    |   |                                  |   | 867,322    |      |  |   | 8,761   |  
|Buildings and structures                                   |  |                  | 1,578,736  |   |                                  |   | 1,636,546  |      |  |   | 15,947  |  
|Machinery and equipment                                    |  |                  | 1,051,023  |   |                                  |   | 1,069,288  |      |  |   | 10,616  |  
|Furniture and fixtures                                     |  |                  | 1,442,589  |   |                                  |   | 1,304,604  |      |  |   | 14,572  |  
|Lease assets                                               |  |                  | 116,557    |   |                                  |   |            |      |  |   | 1,177   |  
|                                                           |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Total                                                      |  |                  | 5,056,227  |   |                                  |   | 4,877,760  |      |  |   | 51,073  |  
|Accumulated depreciation                                   |  |                  | (2,887,900 | ) |                                  |   | (2,917,591 | )    |  |   | (29,171 | )
|                                                           |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Net property, plant and equipment                          |  |                  | 2,168,327  |   |                                  |   | 1,960,169  |      |  |   | 21,902  |  
|                                                           |  |                  |            |   |                                  |   |            |      |  |   |         |  
|INVESTMENTS AND OTHER ASSETS:                              |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Investment securities (Notes 2.d and 3)                    |  |                  | 848,991    |   |                                  |   | 982,756    |      |  |   | 8,575   |  
|Investment in an associated company (Note 2.e)             |  |                  | 543,399    |   |                                  |   | 457,872    |      |  |   | 5,489   |  
|Golf membership (Note 2.h)                                 |  |                  | 203,910    |   |                                  |   | 205,910    |      |  |   | 2,060   |  
|Operating rights (Note 2.i)                                |  |                  | 44,228     |   |                                  |   | 69,509     |      |  |   | 447     |  
|Goodwill (Notes 2.a and 12.a)                              |  |                  | 3,198,384  |   |                                  |   | 3,612,665  |      |  |   | 32,307  |  
|Lease deposits (Notes 2.j and 2.l)                         |  |                  | 869,800    |   |                                  |   | 965,474    |      |  |   | 8,786   |  
|Insurance deposits (Note 2.j)                              |  |                  | 476,171    |   |                                  |   | 477,385    |      |  |   | 4,810   |  
|Deferred tax assets (Notes 2.n and 7)                      |  |                  | 554,468    |   |                                  |   | 553,341    |      |  |   | 5,601   |  
|Other assets                                               |  |                  | 850,835    |   |                                  |   | 664,464    |      |  |   | 8,594   |  
|Allowance for doubtful accounts                            |  |                  | (111,784   | ) |                                  |   | (112,489   | )    |  |   | (1,129  | )
|                                                           |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Total investments and other assets                         |  |                  | 7,478,402  |   |                                  |   | 7,876,887  |      |  |   | 75,540  |  
|                                                           |  |                  |            |   |                                  |   |            |      |  |   |         |  
|TOTAL                                                      |  | ¥                | 36,532,042 |   |                                  | ¥ | 35,926,614 |      |  | $ | 369,011 |  
|                                                           |  |                  |            |   |                                  |   |            |      |  |   |         |  

Continued on following page.



- 1 -



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AIM SERVICES Co., Ltd. and Subsidiaries

Consolidated Balance Sheets

March 31, 2009 and 2008





|                                                                                                                                                                                                             |  |                  |            |   |                                  |   |            |      |  |   |         |  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | ---------------- | ---------- | - | -------------------------------- | - | ---------- | ---- |  | - | ------- | -
|                                                                                                                                                                                                             |  | Thousands of Yen |            |   | Thousands ofU.S. Dollars(Note 1) |  
|                                                                                                                                                                                                             |  | 2009             |            |   | 2008                             |   |            | 2009 | 
|LIABILITIES AND EQUITY                                                                                                                                                                                       |  |                  |            |   |                                  |   |            |      |  |   |         |  
|CURRENT LIABILITIES:                                                                                                                                                                                         |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Payables:                                                                                                                                                                                                    |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Trade notes                                                                                                                                                                                                  |  | ¥                | 274,339    |   |                                  | ¥ | 391,459    |      |  | $ | 2,771   |  
|Trade accounts                                                                                                                                                                                               |  |                  | 7,296,438  |   |                                  |   | 7,491,392  |      |  |   | 73,701  |  
|Other                                                                                                                                                                                                        |  |                  | 451,391    |   |                                  |   | 398,473    |      |  |   | 4,559   |  
|Income tax payable                                                                                                                                                                                           |  |                  | 1,789,240  |   |                                  |   | 1,590,084  |      |  |   | 18,073  |  
|Consumption tax payable                                                                                                                                                                                      |  |                  | 771,078    |   |                                  |   | 814,578    |      |  |   | 7,789   |  
|Accrued bonuses to employees                                                                                                                                                                                 |  |                  | 3,839,017  |   |                                  |   | 3,762,582  |      |  |   | 38,778  |  
|Accrued bonuses to directors and corporate auditors (Note 2.m)                                                                                                                                               |  |                  | 31,550     |   |                                  |   | 58,356     |      |  |   | 319     |  
|Accrued expenses                                                                                                                                                                                             |  |                  | 6,192,613  |   |                                  |   | 6,254,373  |      |  |   | 62,552  |  
|Other current liabilities                                                                                                                                                                                    |  |                  | 691,985    |   |                                  |   | 786,607    |      |  |   | 6,990   |  
|                                                                                                                                                                                                             |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Total current liabilities                                                                                                                                                                                    |  |                  | 21,337,651 |   |                                  |   | 21,547,904 |      |  |   | 215,532 |  
|                                                                                                                                                                                                             |  |                  |            |   |                                  |   |            |      |  |   |         |  
|LONG-TERM LIABILITIES:                                                                                                                                                                                       |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Employees retirement benefits (Notes 2.k, 5 and 12.c)                                                                                                                                                       |  |                  | 1,188,412  |   |                                  |   | 1,193,991  |      |  |   | 12,004  |  
|Retirement benefits for directors and corporate auditors (Note 2.k)                                                                                                                                          |  |                  | 81,764     |   |                                  |   | 206,911    |      |  |   | 826     |  
|Other long-term liabilities                                                                                                                                                                                  |  |                  | 234,699    |   |                                  |   | 181,039    |      |  |   | 2,371   |  
|                                                                                                                                                                                                             |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Total long-term liabilities                                                                                                                                                                                  |  |                  | 1,504,875  |   |                                  |   | 1,581,941  |      |  |   | 15,201  |  
|                                                                                                                                                                                                             |  |                  |            |   |                                  |   |            |      |  |   |         |  
|EQUITY (Note 6):                                                                                                                                                                                             |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Common stockauthorized, 7,000,000 shares; issued, 556 shares in 2009 and 2008; and class shares subject to call option
(Note 6.c)authorized, 14,000,000 shares; issued, 11,507,826 shares in 2009 and 2008 |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Class A sharesauthorized, 7,000,000 shares; issued, no shares in 2009 and 2008                                                                                                                              |  |                  | 1,909,797  |   |                                  |   | 1,909,797  |      |  |   | 19,291  |  
|Additional paid-in capital                                                                                                                                                                                   |  |                  | 2,591,398  |   |                                  |   | 2,591,398  |      |  |   | 26,176  |  
|Retained earnings                                                                                                                                                                                            |  |                  | 9,835,706  |   |                                  |   | 8,901,243  |      |  |   | 99,350  |  
|Unrealized (loss) gain on available-for-sale securities                                                                                                                                                      |  |                  | (13,179    | ) |                                  |   | 34,153     |      |  |   | (133    | )
|Treasury stockat cost:                                                                                                                                                                                      |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Common stock2 shares in 2009 and 2008; and class shares subject to call option (Note 6.c)11,507,826 shares in 2009
and 2008                                                                                |  |                  | (680,820   | ) |                                  |   | (680,820   | )    |  |   | (6,877  | )
|                                                                                                                                                                                                             |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Total                                                                                                                                                                                                        |  |                  | 13,642,902 |   |                                  |   | 12,755,771 |      |  |   | 137,807 |  
|Minority interests                                                                                                                                                                                           |  |                  | 46,614     |   |                                  |   | 40,998     |      |  |   | 471     |  
|                                                                                                                                                                                                             |  |                  |            |   |                                  |   |            |      |  |   |         |  
|Total equity                                                                                                                                                                                                 |  |                  | 13,689,516 |   |                                  |   | 12,796,769 |      |  |   | 138,278 |  
|                                                                                                                                                                                                             |  |                  |            |   |                                  |   |            |      |  |   |         |  
|TOTAL                                                                                                                                                                                                        |  | ¥                | 36,532,042 |   |                                  | ¥ | 35,926,614 |      |  | $ | 369,011 |  
|                                                                                                                                                                                                             |  |                  |            |   |                                  |   |            |      |  |   |         |  

See notes to consolidated financial statements.



- 2 -



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AIM SERVICES Co., Ltd. and Subsidiaries

Consolidated Statements of Income

Years Ended March 31, 2009, 2008 and 2007





|                                                  |  |                  |              |   |                                  |   |              |      |  |   |              |   |  |   |           |  
|------------------------------------------------- |  | ---------------- | ------------ | - | -------------------------------- | - | ------------ | ---- |  | - | ------------ | - |  | - | --------- | -
|                                                  |  | Thousands of Yen |              |   | Thousands ofU.S. Dollars(Note 1) |  
|                                                  |  | 2009             |              |   | 2008                             |   |              | 2007 |  |   | 2009         |  
|NET SALES                                         |  | ¥                | 148,205,385  |   |                                  | ¥ | 147,383,179  |      |  | ¥ | 138,726,955  |   |  | $ | 1,497,024 |  
|COST OF SALES                                     |  |                  | 130,296,828  |   |                                  |   | 129,298,082  |      |  |   | 121,656,834  |   |  |   | 1,316,129 |  
|                                                  |  |                  |              |   |                                  |   |              |      |  |   |              |   |  |   |           |  
|Gross profit                                      |  |                  | 17,908,557   |   |                                  |   | 18,085,097   |      |  |   | 17,070,121   |   |  |   | 180,895   |  
|SELLING, GENERAL AND ADMINISTRATIVE EXPENSES      |  |                  | 12,471,676   |   |                                  |   | 12,987,333   |      |  |   | 12,516,683   |   |  |   | 125,977   |  
|                                                  |  |                  |              |   |                                  |   |              |      |  |   |              |   |  |   |           |  
|Operating income                                  |  |                  | 5,436,881    |   |                                  |   | 5,097,764    |      |  |   | 4,553,438    |   |  |   | 54,918    |  
|                                                  |  |                  |              |   |                                  |   |              |      |  |   |              |   |  |   |           |  
|OTHER INCOME (EXPENSES):                          |  |                  |              |   |                                  |   |              |      |  |   |              |   |  |   |           |  
|Interest and dividends income                     |  |                  | 21,628       |   |                                  |   | 28,684       |      |  |   | 22,869       |   |  |   | 218       |  
|Interest expense                                  |  |                  | (14,293      | ) |                                  |   | (34,654      | )    |  |   | (59,394      | ) |  |   | (144      | )
|Loss on impairment of long-lived assets           |  |                  | (1,114       | ) |                                  |   | (25,619      | )    |  |   | (83,541      | ) |  |   | (11       | )
|Gain on sales of shares of subsidiaries           |  |                  | 424,557      |   |                                  |   |              |      |  |   | 103,859      |   |  |   | 4,288     |  
|Othernet                                         |  |                  | 109,816      |   |                                  |   | 142,641      |      |  |   | 174,965      |   |  |   | 1,110     |  
|                                                  |  |                  |              |   |                                  |   |              |      |  |   |              |   |  |   |           |  
|Other incomenet                                  |  |                  | 540,594      |   |                                  |   | 111,052      |      |  |   | 158,758      |   |  |   | 5,461     |  
|                                                  |  |                  |              |   |                                  |   |              |      |  |   |              |   |  |   |           |  
|INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS |  |                  | 5,977,475    |   |                                  |   | 5,208,816    |      |  |   | 4,712,196    |   |  |   | 60,379    |  
|                                                  |  |                  |              |   |                                  |   |              |      |  |   |              |   |  |   |           |  
|INCOME TAXES (Note 7):                            |  |                  |              |   |                                  |   |              |      |  |   |              |   |  |   |           |  
|Current                                           |  |                  | 3,065,799    |   |                                  |   | 2,724,442    |      |  |   | 2,373,818    |   |  |   | 30,968    |  
|Deferred                                          |  |                  | (28,897      | ) |                                  |   | (101,046     | )    |  |   | (48,718      | ) |  |   | (292      | )
|                                                  |  |                  |              |   |                                  |   |              |      |  |   |              |   |  |   |           |  
|Total income taxes                                |  |                  | 3,036,902    |   |                                  |   | 2,623,396    |      |  |   | 2,325,100    |   |  |   | 30,676    |  
|                                                  |  |                  |              |   |                                  |   |              |      |  |   |              |   |  |   |           |  
|MINORITY INTERESTS IN NET INCOME                  |  |                  | (5,616       | ) |                                  |   | (5,029       | )    |  |   | (3,664       | ) |  |   | (57       | )
|                                                  |  |                  |              |   |                                  |   |              |      |  |   |              |   |  |   |           |  
|NET INCOME                                        |  | ¥                | 2,934,957    |   |                                  | ¥ | 2,580,391    |      |  | ¥ | 2,383,432    |   |  | $ | 29,646    |  
|                                                  |  |                  |              |   |                                  |   |              |      |  |   |              |   |  |   |           |  
|                                                  |  |                 
|                                                  |  | Yen              |              |   | U.S. Dollars(Note 1)             |  
|                                                  |  | 2009             |              |   | 2008                             |   |              | 2007 |  |   | 2009         |  
|PER SHARE OF COMMON STOCKNet income (Note 2.p)   |  | ¥                | 5,297,757.03 |   |                                  | ¥ | 4,657,744.39 |      |  | ¥ | 4,276,598.31 |   |  | $ | 53,513.70 |  

Per share of common stocknet income for the year ended March 31, 2007 was adjusted to
reflect the reclassification of common stock to all class shares subject to call option (see Note 6.c) and the new issuance of common stock after the acquisition of all class shares subject to call option (see Note 6.c) on November 1, 2007.

See notes to consolidated financial statements.



- 3 -



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AIM SERVICES Co., Ltd. and Subsidiaries

Consolidated Statements of Changes in Equity

Years Ended March 31, 2009, 2008 and
2007





|                                                                                                                                                            |  |                                           |   |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               |          |   |       |   |          |                   |  |             |            |   |  |   |        |  |   |            |  
|----------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------------------------- | - |  | ---------------- | --------- | ------------------------ | - | ---------------- |  | - | --------------------------------------------------- | - |  | ------------- | -------- | - | ----- | - | -------- | ----------------- |  | ----------- | ---------- | - |  | - | ------ |  | - | ---------- | -
|                                                                                                                                                            |  |                                           |   |  | Thousands of Yen |          
|                                                                                                                                                            |  | OutstandingNumber ofShares ofCommon Stock |   |  | CommonStock      |           | AdditionalPaid-inCapital |   | RetainedEarnings |  |   | Unrealized(Loss) GainonAvailable-for-saleSecurities |   |  | TreasuryStock |          |   | Total |   |          | MinorityInterests |  | TotalEquity |           
|BALANCE, APRIL 1, 2006                                                                                                                                      |  | 11,152,801                                |   |  | ¥                | 1,909,797 |                          | ¥ | 2,591,398        |  | ¥ | 4,004,053                                           |   |  | ¥             | 314,554  |   |       | ¥ | (541,083 | )                 |  | ¥           | 8,278,719  |   |  |   |        |  | ¥ | 8,278,719  |  
|Reclassified balance as of March 31, 2006                                                                                                                   |  |                                           |   |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               |          |   |       |   |          |                   |  |             |            |   |  | ¥ | 32,306 |  |   | 32,306     |  
|Net income                                                                                                                                                  |  |                                           |   |  |                  |           |                          |   |                  |  |   | 2,383,432                                           |   |  |               |          |   |       |   |          |                   |  |             | 2,383,432  |   |  |   |        |  |   | 2,383,432  |  
|Bonuses to directors and corporate auditors (Note 2.m)                                                                                                      |  |                                           |   |  |                  |           |                          |   |                  |  |   | (61,142                                             | ) |  |               |          |   |       |   |          |                   |  |             | (61,142    | ) |  |   |        |  |   | (61,142    | )
|Purchases of treasury stock                                                                                                                                 |  | (10,156                                   | ) |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               |          |   |       |   | (14,647  | )                 |  |             | (14,647    | ) |  |   |        |  |   | (14,647    | )
|Net change in the year                                                                                                                                      |  |                                           |   |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               | (109,073 | ) |       |   |          |                   |  |             | (109,073   | ) |  |   | 3,664  |  |   | (105,409   | )
|Other                                                                                                                                                       |  |                                           |   |  |                  |           |                          |   |                  |  |   | (5,491                                              | ) |  |               |          |   |       |   |          |                   |  |             | (5,491     | ) |  |   |        |  |   | (5,491     | )
|                                                                                                                                                            |  |                                           |   |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               |          |   |       |   |          |                   |  |             |            |   |  |   |        |  |   |            |  
|BALANCE, MARCH 31, 2007                                                                                                                                     |  | 11,142,645                                |   |  |                  | 1,909,797 |                          |   | 2,591,398        |  |   | 6,320,852                                           |   |  |               | 205,481  |   |       |   | (555,730 | )                 |  |             | 10,471,798 |   |  |   | 35,970 |  |   | 10,507,768 |  
|Net income                                                                                                                                                  |  |                                           |   |  |                  |           |                          |   |                  |  |   | 2,580,391                                           |   |  |               |          |   |       |   |          |                   |  |             | 2,580,391  |   |  |   |        |  |   | 2,580,391  |  
|Purchases of treasury stock                                                                                                                                 |  | (6,259                                    | ) |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               |          |   |       |   | (12,318  | )                 |  |             | (12,318    | ) |  |   |        |  |   | (12,318    | )
|Reclassification to class shares subject to call option (Note 6.c)                                                                                          |  | (11,136,386                               | ) |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               |          |   |       |   |          |                   |  |             |            |   |  |   |        |  |   |            |  
|New issuance of common stock in exchange for the acquisition of all class shares subject to call option (Note
6.c)                                          |  | 556                                       |   |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               |          |   |       |   |          |                   |  |             |            |   |  |   |        |  |   |            |  
|Purchases of fractional shares after the new issuance of common stock in exchange for the acquisition of all class shares subject
to call option (Note 6.c) |  | (2                                        | ) |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               |          |   |       |   | (112,772 | )                 |  |             | (112,772   | ) |  |   |        |  |   | (112,772   | )
|Net change in the year                                                                                                                                      |  |                                           |   |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               | (171,328 | ) |       |   |          |                   |  |             | (171,328   | ) |  |   | 5,028  |  |   | (166,300   | )
|                                                                                                                                                            |  |                                           |   |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               |          |   |       |   |          |                   |  |             |            |   |  |   |        |  |   |            |  
|BALANCE, MARCH 31, 2008                                                                                                                                     |  | 554                                       |   |  |                  | 1,909,797 |                          |   | 2,591,398        |  |   | 8,901,243                                           |   |  |               | 34,153   |   |       |   | (680,820 | )                 |  |             | 12,755,771 |   |  |   | 40,998 |  |   | 12,796,769 |  
|Net income                                                                                                                                                  |  |                                           |   |  |                  |           |                          |   |                  |  |   | 2,934,957                                           |   |  |               |          |   |       |   |          |                   |  |             | 2,934,957  |   |  |   |        |  |   | 2,934,957  |  
|Cash dividends, ¥6,780,000 per share                                                                                                                        |  |                                           |   |  |                  |           |                          |   |                  |  |   | (2,000,494                                          | ) |  |               |          |   |       |   |          |                   |  |             | (2,000,494 | ) |  |   |        |  |   | (2,000,494 | )
|Net change in the year                                                                                                                                      |  |                                           |   |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               | (47,332  | ) |       |   |          |                   |  |             | (47,332    | ) |  |   | 5,616  |  |   | (41,716    | )
|                                                                                                                                                            |  |                                           |   |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               |          |   |       |   |          |                   |  |             |            |   |  |   |        |  |   |            |  
|BALANCE, MARCH 31, 2009                                                                                                                                     |  | 554                                       |   |  | ¥                | 1,909,797 |                          | ¥ | 2,591,398        |  | ¥ | 9,835,706                                           |   |  | ¥             | (13,179  | ) |       | ¥ | (680,820 | )                 |  | ¥           | 13,642,902 |   |  | ¥ | 46,614 |  | ¥ | 13,689,516 |  
|                                                                                                                                                            |  |                                           |   |  |                  |           |                          |   |                  |  |   |                                                     |   |  |               |          |   |       |   |          |                   |  |             |            |   |  |   |        |  |   |            |  

Continued on following page.



- 4 -



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AIM SERVICES Co., Ltd. and Subsidiaries

Consolidated Statements of Changes in Equity

Years Ended March 31, 2009, 2008 and
2007





|                                  |  |                                    |        |                          |   |                  |  |   |                                                     |   |  |               |      |   |       |   |        |                   |  |             |         |   |  |   |     |  |   |         |  
|--------------------------------- |  | ---------------------------------- | ------ | ------------------------ | - | ---------------- |  | - | --------------------------------------------------- | - |  | ------------- | ---- | - | ----- | - | ------ | ----------------- |  | ----------- | ------- | - |  | - | --- |  | - | ------- | -
|                                  |  | Thousands of U.S. Dollars (Note 1) |       
|                                  |  | CommonStock                        |        | AdditionalPaid-inCapital |   | RetainedEarnings |  |   | Unrealized(Loss) GainonAvailable-for-saleSecurities |   |  | TreasuryStock |      |   | Total |   |        | MinorityInterests |  | TotalEquity |        
|BALANCE, MARCH 31, 2008           |  | $                                  | 19,291 |                          | $ | 26,176           |  | $ | 89,911                                              |   |  | $             | 345  |   |       | $ | (6,877 | )                 |  | $           | 128,846 |   |  | $ | 414 |  | $ | 129,260 |  
|Net income                        |  |                                    |        |                          |   |                  |  |   | 29,646                                              |   |  |               |      |   |       |   |        |                   |  |             | 29,646  |   |  |   |     |  |   | 29,646  |  
|Cash dividends, $68,485 per share |  |                                    |        |                          |   |                  |  |   | (20,207                                             | ) |  |               |      |   |       |   |        |                   |  |             | (20,207 | ) |  |   |     |  |   | (20,207 | )
|Net change in the year            |  |                                    |        |                          |   |                  |  |   |                                                     |   |  |               | (478 | ) |       |   |        |                   |  |             | (478    | ) |  |   | 57  |  |   | (421    | )
|                                  |  |                                    |        |                          |   |                  |  |   |                                                     |   |  |               |      |   |       |   |        |                   |  |             |         |   |  |   |     |  |   |         |  
|BALANCE, MARCH 31, 2009           |  | $                                  | 19,291 |                          | $ | 26,176           |  | $ | 99,350                                              |   |  | $             | (133 | ) |       | $ | (6,877 | )                 |  | $           | 137,807 |   |  | $ | 471 |  | $ | 138,278 |  
|                                  |  |                                    |        |                          |   |                  |  |   |                                                     |   |  |               |      |   |       |   |        |                   |  |             |         |   |  |   |     |  |   |         |  

See notes to consolidated financial statements.



- 5 -



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AIM SERVICES Co., Ltd. and Subsidiaries

Consolidated Statements of Cash Flows

Years Ended March 31, 2009, 2008 and 2007





|                                                                                |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|------------------------------------------------------------------------------- |  | ---------------- | ---------- | - | -------------------------------- | - | ---------- | ---- |  | - | ---------- | - |  | - | ------- | -
|                                                                                |  | Thousands of Yen |            |   | Thousands ofU.S. Dollars(Note 1) |  
|                                                                                |  | 2009             |            |   | 2008                             |   |            | 2007 |  |   | 2009       |  
|OPERATING ACTIVITIES:                                                           |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|Income before income taxes and minority interests                               |  | ¥                | 5,977,475  |   |                                  | ¥ | 5,208,816  |      |  | ¥ | 4,712,196  |   |  | $ | 60,379  |  
|                                                                                |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|Adjustments for:                                                                |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|Income taxespaid                                                               |  |                  | (2,870,323 | ) |                                  |   | (2,634,894 | )    |  |   | (2,102,635 | ) |  |   | (28,993 | )
|Depreciation and amortization                                                   |  |                  | 500,186    |   |                                  |   | 501,646    |      |  |   | 530,677    |   |  |   | 5,052   |  
|Amortization of goodwill                                                        |  |                  | 414,281    |   |                                  |   | 444,464    |      |  |   | 507,980    |   |  |   | 4,185   |  
|(Reversal of) provision for allowance for doubtful receivables                  |  |                  | (16,127    | ) |                                  |   | (10,366    | )    |  |   | 31,760     |   |  |   | (163    | )
|Provision for accrued bonuses to employees                                      |  |                  | 112,724    |   |                                  |   | 480,701    |      |  |   | 606,136    |   |  |   | 1,139   |  
|(Reversal of) provision for accrued bonuses to directors and corporate auditors |  |                  | (26,806    | ) |                                  |   | (2,840     | )    |  |   | 61,196     |   |  |   | (271    | )
|Reversal of accrued employees retirement benefits                              |  |                  | (53,226    | ) |                                  |   | (91,312    | )    |  |   | (249,068   | ) |  |   | (538    | )
|Reversal of accrued retirement benefits for directors and corporate auditors    |  |                  | (117,812   | ) |                                  |   | (35,397    | )    |  |   | (27,209    | ) |  |   | (1,190  | )
|Equity in earnings of an associated company                                     |  |                  | (85,527    | ) |                                  |   | (79,688    | )    |  |   | (44,783    | ) |  |   | (864    | )
|Gain on sales of property, plant and equipment                                  |  |                  | (99        | ) |                                  |   | (1,870     | )    |  |   | (49,626    | ) |  |   | (1      | )
|Loss on disposal and sales of property, plant and equipment                     |  |                  | 27,074     |   |                                  |   | 20,138     |      |  |   | 14,733     |   |  |   | 273     |  
|Gain on sales of shares of subsidiaries                                         |  |                  | (424,557   | ) |                                  |   |            |      |  |   | (103,859   | ) |  |   | (4,288  | )
|Loss on impairment of long-lived assets                                         |  |                  | 1,114      |   |                                  |   | 25,619     |      |  |   | 83,541     |   |  |   | 11      |  
|Loss from the prior years earnings                                             |  |                  |            |   |                                  |   |            |      |  |   | 88,577     |   |  |   |         |  
|Write-off of intangible assets                                                  |  |                  |            |   |                                  |   |            |      |  |   | 37,724     |   |  |   |         |  
|Gain on sales of investment securities                                          |  |                  | (130       | ) |                                  |   | 0          |      |  |   | (123,748   | ) |  |   | (1      | )
|Write-off of investment securities                                              |  |                  | 57,634     |   |                                  |   | 3,548      |      |  |   | 22,926     |   |  |   | 582     |  
|Bonuses to directors and corporate auditorspaid                                |  |                  |            |   |                                  |   |            |      |  |   | (61,142    | ) |  |   |         |  
|Increase in receivablestrade accounts (see additional information)             |  |                  | (166,124   | ) |                                  |   | (600,101   | )    |  |   | (856,635   | ) |  |   | (1,678  | )
|Increase in inventories                                                         |  |                  | (49,640    | ) |                                  |   | (4,269     | )    |  |   | (85,400    | ) |  |   | (501    | )
|(Increase) decrease in interest receivable                                      |  |                  | (166       | ) |                                  |   | 1,431      |      |  |   | (944       | ) |  |   | (2      | )
|(Decrease) increase in trade payables                                           |  |                  | (312,074   | ) |                                  |   | (156,842   | )    |  |   | 567,407    |   |  |   | (3,152  | )
|Increase (decrease) in interest payable                                         |  |                  | 9          |   |                                  |   | (224       | )    |  |   | 2,792      |   |  |   | 0       |  
|Othernet                                                                       |  |                  | 774,882    |   |                                  |   | 318,353    |      |  |   | 553,313    |   |  |   | 7,827   |  
|                                                                                |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|Total adjustments                                                               |  |                  | (2,234,707 | ) |                                  |   | (1,821,903 | )    |  |   | (596,287   | ) |  |   | (22,573 | )
|                                                                                |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|Net cash provided by operating activities(Forward)                             |  | ¥                | 3,742,768  |   |                                  | ¥ | 3,386,913  |      |  | ¥ | 4,115,909  |   |  | $ | 37,806  |  
|                                                                                |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  

Continued on following page.



- 6 -



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AIM SERVICES Co., Ltd. and Subsidiaries

Consolidated Statements of Cash Flows

Years Ended March 31, 2009, 2008 and 2007





|                                                     |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|---------------------------------------------------- |  | ---------------- | ---------- | - | -------------------------------- | - | ---------- | ---- |  | - | ---------- | - |  | - | ------- | -
|                                                     |  | Thousands of Yen |            |   | Thousands ofU.S. Dollars(Note 1) |  
|                                                     |  | 2009             |            |   | 2008                             |   |            | 2007 |  |   | 2009       |  
|Net cash provided by operating activities(Forward)  |  | ¥                | 3,742,768  |   |                                  | ¥ | 3,386,913  |      |  | ¥ | 4,115,909  |   |  | $ | 37,806  |  
|                                                     |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|INVESTING ACTIVITIES:                                |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|Purchases of marketable securities                   |  |                  | (99,764    | ) |                                  |   | (99,660    | )    |  |   | (99,630    | ) |  |   | (1,008  | )
|Redemption of marketable securities                  |  |                  | 99,660     |   |                                  |   | 99,630     |      |  |   | 99,950     |   |  |   | 1,007   |  
|Purchases of property, plant and equipment           |  |                  | (441,654   | ) |                                  |   | (290,659   | )    |  |   | (293,459   | ) |  |   | (4,461  | )
|Proceeds from sales of property, plant and equipment |  |                  | 3,827      |   |                                  |   | 3,965      |      |  |   | 193,247    |   |  |   | 38      |  
|Purchases of intangible assets                       |  |                  | (288,629   | ) |                                  |   | (200,255   | )    |  |   | (112,042   | ) |  |   | (2,915  | )
|Proceeds from sales of intangible assets             |  |                  | 12         |   |                                  |   |            |      |  |   | 726        |   |  |   | 0       |  
|Purchases of investment securities                   |  |                  | (21,505    | ) |                                  |   | (21,333    | )    |  |   | (24,582    | ) |  |   | (217    | )
|Proceeds from sales of investment securities         |  |                  | 576        |   |                                  |   | 0          |      |  |   | 219,365    |   |  |   | 6       |  
|Proceeds from sales of shares of subsidiaries        |  |                  | 284,467    |   |                                  |   |            |      |  |   | 156,994    |   |  |   | 2,873   |  
|Disbursements for originating loans                  |  |                  | (1,613,310 | ) |                                  |   | (15,770    | )    |  |   | (15,282    | ) |  |   | (16,296 | )
|Proceeds from collections of loans                   |  |                  | 13,817     |   |                                  |   | 13,407     |      |  |   | 17,935     |   |  |   | 139     |  
|Other                                                |  |                  | (37,934    | ) |                                  |   | 12,616     |      |  |   | 27,814     |   |  |   | (383    | )
|                                                     |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|Net cash (used in) provided by investing activities  |  |                  | (2,100,437 | ) |                                  |   | (498,059   | )    |  |   | 171,036    |   |  |   | (21,217 | )
|                                                     |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|FINANCING ACTIVITIES:                                |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|Decrease in short-term bank loans                    |  |                  |            |   |                                  |   |            |      |  |   | (650,000   | ) |  |   |         |  
|Repayments of long-term debt                         |  |                  |            |   |                                  |   | (2,730,672 | )    |  |   | (3,865,037 | ) |  |   |         |  
|Repayments of capital lease obligation               |  |                  | (15,226    | ) |                                  |   |            |      |  |   |            |   |  |   | (154    | )
|Purchases of treasury stock                          |  |                  |            |   |                                  |   | (125,090   | )    |  |   | (14,647    | ) |  |   |         |  
|Dividends paid                                       |  |                  | (2,000,494 | ) |                                  |   |            |      |  |   |            |   |  |   | (20,207 | )
|                                                     |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|Net cash used in financing activities                |  |                  | (2,015,720 | ) |                                  |   | (2,855,762 | )    |  |   | (4,529,684 | ) |  |   | (20,361 | )
|                                                     |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |  |                  | (373,389   | ) |                                  |   | 33,092     |      |  |   | (242,739   | ) |  |   | (3,772  | )
|CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR         |  |                  | 8,622,641  |   |                                  |   | 8,589,549  |      |  |   | 8,832,288  |   |  |   | 87,098  |  
|                                                     |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  
|CASH AND CASH EQUIVALENTS, END OF YEAR               |  | ¥                | 8,249,252  |   |                                  | ¥ | 8,622,641  |      |  | ¥ | 8,589,549  |   |  | $ | 83,326  |  
|                                                     |  |                  |            |   |                                  |   |            |      |  |   |            |   |  |   |         |  

Continued on following page.



- 7 -



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AIM SERVICES Co., Ltd. and Subsidiaries

Consolidated Statements of Cash Flows

Years Ended March 31, 2009, 2008 and 2007



ADDITIONAL INFORMATION

Interest payments for the years ended March 31, 2009, 2008 and 2007 were as follows:



|                  |  |                  |        |                                  |   |        |  |      |        |  |   |    
|----------------- |  | ---------------- | ------ | -------------------------------- | - | ------ |  | ---- | ------ |  | - | ---
|                  |  | Thousands of Yen |        | Thousands ofU.S. Dollars(Note 1)
|                  |  | 2009             |        | 2008                             |   | 2007   |  | 2009
|Interest payments |  | ¥                | 14,284 |                                  | ¥ | 34,878 |  | ¥    | 56,602 |  | $ | 144

Non-cash investing and financing activities were as follows:



|                                                                 |  |                  |           |   |                                  |  |      |   |          |      |  |   |        |  
|---------------------------------------------------------------- |  | ---------------- | --------- | - | -------------------------------- |  | ---- | - | -------- | ---- |  | - | ------ | -
|                                                                 |  | Thousands of Yen |           |   | Thousands ofU.S. Dollars(Note 1) | 
|                                                                 |  | 2009             |           |   | 2008                             |  | 2007 |   |          | 2009 | 
|Sales of shares of subsidiaries:                                 |  |                  |           |   |                                  |  |      |   |          |      |  |   |        |  
|Current assets                                                   |  | ¥                | 1,052,256 |   |                                  |  |      | ¥ | 258,680  |      |  | $ | 10,629 |  
|Fixed assets                                                     |  |                  | 112,406   |   |                                  |  |      |   | 8,056    |      |  |   | 1,135  |  
|Current liabilities                                              |  |                  | (932,128  | ) |                                  |  |      |   | (108,155 | )    |  |   | (9,415 | )
|Long-term liabilities                                            |  |                  | (19,191   | ) |                                  |  |      |   |          |      |  |   | (194   | )
|Gain on sales of shares of subsidiaries                          |  |                  | 424,557   |   |                                  |  |      |   | 103,859  |      |  |   | 4,288  |  
|                                                                 |  |                  |           |   |                                  |  |      |   |          |      |  |   |        |  
|Gross proceeds from sales of shares of subsidiaries              |  |                  | 637,900   |   |                                  |  |      |   | 262,440  |      |  |   | 6,443  |  
|Cash and cash equivalents of the sold subsidiaries               |  |                  | (353,433  | ) |                                  |  |      |   | (105,446 | )    |  |   | (3,570 | )
|                                                                 |  |                  |           |   |                                  |  |      |   |          |      |  |   |        |  
|Net proceeds from sales of shares of subsidiaries                |  | ¥                | 284,467   |   |                                  |  |      | ¥ | 156,994  |      |  | $ | 2,873  |  
|                                                                 |  |                  |           |   |                                  |  |      |   |          |      |  |   |        |  
|Acquisition of lease assets and obligations under finance leases |  | ¥                | 116,557   |   |                                  |  |      |   |          |      |  | $ | 1,177  |  

On November 28, 2008, the Company sold all shares of the common stock of its subsidiary, Any
Co., Ltd. (Any) to a third party (see Note 2.a for further information). The cash flows of Any were excluded from the consolidated statements of cash flows after the sale date while cash flows from assets and liabilities of Any including
receivables  trade accounts from April 1, 2008 to November 28, 2008 were included in preparing the consolidated statements of cash flows for the year ended March 31, 2009. As a result, the balance of receivables  trade
accounts was decreased from April 1, 2008 to March 31, 2009 by the amount of ¥414,712 thousand on the consolidated balance sheets, in contrast to the increase of receivables  trade accounts of ¥166,124 thousand on
the consolidated statements of cash flows.

See notes to consolidated financial statements.



- 8 -



---

AIM SERVICES Co., Ltd. and Subsidiaries

Notes to Consolidated Financial Statements

Years Ended March 31, 2009, 2008 and
2007





|1. | BASIS OF PRESENTING CONSOLIDATED FINANCIAL STATEMENTS
|-- | -----------------------------------------------------

The accompanying consolidated financial statements have been prepared in accordance with the provisions set forth in the Companies Act of Japan (the Companies Act) and in conformity with
accounting principles generally accepted in Japan (Japanese GAAP). Japanese GAAP varies in certain significant respects from accounting principles generally accepted in the United States of America (U.S. GAAP). Information
relating to the nature and effect of such differences is presented in Note 12 to the consolidated financial statements.

In
preparing these consolidated financial statements, certain reclassifications and rearrangements, including additions of the consolidated statements of cash flows and footnote disclosures, have been made to the consolidated financial statements
issued domestically in order to present them in a form which is more familiar to readers outside Japan.

The consolidated
financial statements are stated in Japanese yen, the currency of the country in which AIM SERVICES Co., Ltd. (the Company) is incorporated and operates. The translation of Japanese yen amounts into U.S. dollar amounts is included solely
for the convenience of readers outside Japan and has been made at the rate of ¥99 to $1, the approximate rate of exchange at March 31, 2009. Such translation should not be construed as a representation that the Japanese yen amounts could be
converted into U.S. dollars at that or any other rate.



|2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
|-- | ------------------------------------------



| | a. | ConsolidationThe consolidated financial statements as of March 31, 2009 include the accounts of the Company and all 13 (15 in 2008 and
18 in 2007) subsidiaries (together, the Group).
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

An investment in an associated company (a company
over which the Company has the ability to exercise significant influence) is accounted for by the equity method. Refer to Note 2.e.

The excess of the cost of an acquisition over the fair value of the net assets of the acquired subsidiaries at the date of acquisition is represented as Goodwill on the consolidated balance sheets and is being amortized on a
straight-line basis over a period from 8 to 13 years.

Intercompany balances and transactions have been eliminated in
consolidation. Unrealized profit included in assets resulting from transactions within the Group is eliminated.

On
November 28, 2008, the Company sold all shares of the common stock of its subsidiary, Any, to MOSHI MOSHI HOTLINE, INC., an equity method investee of one of the Companys major shareholders. Any had been a wholly owned subsidiary of the
Company engaged in the temporary employment businesses. The Company sold all shares of Any to redeploy the Companys capital to its core food servicing businesses due to the lack of the positive synergy between Any and the Companys
businesses. The gross proceeds from the sale were ¥637,900 thousand ($6,443 thousand), and the gain from the sale was ¥424,557 thousand ($4,288 thousand).



| | b. | Cash and Cash EquivalentsCash equivalents are short-term investments that are readily convertible into cash and that are exposed to insignificant
risk of changes in value. Cash equivalents include time deposits and benefit bonds of securities investment trusts, all of which mature or become due within three months of the date of acquisition.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | c. | InventoriesInventories are mainly stated at the latest purchase price which approximates the first-in, first-out cost method. Prior to April 1,
2008, inventories were stated at cost, determined by at the latest purchase price. In July 2006, the Accounting Standards Board of Japan (the ASBJ) issued ASBJ Statement No. 9, Accounting Standard for Measurement of
Inventories. The standard requires that inventories held for sale in the ordinary course of business be measured at the lower of cost or net selling value, which is defined as the selling price less additional estimated manufacturing costs and
estimated direct selling expenses. The replacement cost may be used in place of the net selling value, if appropriate.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The standard was effective for fiscal years beginning on or after April 1, 2008. The adoption of ASBJ Statement No. 9 did not have an impact on its consolidated financial position and results of operations.



| | d. | Marketable and Investment SecuritiesMarketable and investment securities are classified and accounted for, depending on managements intent, as
follows: (1) held-to-maturity debt securities, which are expected to be held to maturity with the positive intent and ability to hold to maturity, are reported at amortized cost and (2) available-for-sale securities, which are not
classified as the aforementioned securities, are reported at fair value with unrealized gains and losses, net of applicable taxes, reported in a separate component of equity.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



- 9 -



---

Non-marketable available-for-sale securities are stated at cost determined by the
moving-average cost method. For other than temporary declines in fair value, non-marketable available-for-sale securities are reduced to net realizable value by a charge to income.

Declines in fair value of held-to-maturity and available-for-sale securities are analyzed to determine if the decline is temporary or
other than temporary. When other than temporary declines occur, the investments are reduced to its fair value and the amount of the reduction is reported as a loss. Any increases in other than temporary declines in fair value will not be
realized until the securities are sold.



| | e. | Investment in Associated CompanyThe Company uses the equity method of accounting for its investment in and earnings or losses of an
associated company that the Company does not control but over which the Company does exert significant influence. Significant influence is generally deemed to exist if the Company has an ownership interest in the voting stock of an investee of
between 20% and 50%. The Company determines whether a decline in fair value is other than temporary by considering various factors, such as historical financial data, product development activities and the overall health of the affiliates
industry. If the Company considers any such decline to be other than temporary, then a write-down is recorded to the estimated fair value.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | f. | Property, Plant and EquipmentProperty, plant and equipment are stated at cost. Depreciation of property, plant and equipment of the Group is
computed substantially by the declining-balance method at rates based on the estimated useful lives of the assets, while the straight-line method is applied to the buildings which were acquired after April 1, 1998. The range of useful lives is
principally from 6 to 50 years for buildings and structures, from 4 to 7 years for machinery and equipment, from 5 to 20 years for furniture and fixtures, and from 5 years for lease assets.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Amendments to the Corporate Tax Law in Japan have resulted in changes to the depreciation methods used for property, plant and equipment
since April 1, 2007. Prior to these amendments, the Groups depreciation methods were based on a depreciation limit of 95% and a residual value of 5% of the acquisition price of an asset. This depreciation limit and residual value were
removed and the whole acquisition price can now be depreciated to the nominal value of ¥1 at the end of the assets useful life, either on a straight-line basis or on a declining-balance basis. The depreciation rates for both methods, set
forth by the Corporate Tax Law, were also amended. Assets acquired on or after April 1, 2007 are depreciated according to the new depreciation methods while existing assets acquired on or before March 31, 2007 are depreciated based on the
traditional methods with the depreciation limit written off equally over 5 years.



| | g. | Impairment of Long-Lived AssetsThe Group reviews its long-lived assets for impairment whenever events or changes in circumstance indicate the
carrying amount of an asset or asset group may not be recoverable. An impairment loss would be recognized if the carrying amount of an asset or asset group exceeds the sum of the undiscounted future cash flows expected to result from the continued
use and eventual disposition of the asset or asset group. The impairment loss would be measured as the amount by which the carrying amount of the asset exceeds its recoverable amount, which is the higher of the discounted cash flows from the
continued use and eventual disposition of the asset or the net selling price at disposition.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | h. | Golf MembershipGolf membership is stated at cost. For other than temporary declines in fair value, golf membership is reduced to net realizable
value by a charge to income.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | i. | Operating RightsOperating rights are carried at cost less accumulated amortization, which is calculated by the straight-line method over 5 years.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------



| | j. | DepositsDeposits are mainly comprised of lease deposits for the Groups office spaces and are refundable at the termination of each lease
contract.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------

Insurance deposits consist of life insurance and non-life insurance policies for directors, for which
the Company is the named beneficiary. Most of the insurance deposits are refundable.



| | k. | Retirement and Pension PlansThe Company and certain subsidiaries have non-contributory funded pension plans covering substantially all of their
regular employees. The Group accounted for the liability for retirement benefits based on projected benefit obligations and plan assets at the balance sheet date.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Retirement benefits to directors and corporate auditors are provided at the amount which would be required if all directors and corporate
auditors retired at the balance sheet date.



| | l. | LeasesIn March 2007, the ASBJ issued an Accounting StandardASBJ Statement No. 13, Accounting Standard for Lease Transaction and its
Implementation Guidance and ASBJ Guidance No. 16, Guidance on Accounting Standard for Lease Transactions. The new standard and related implementation guidance eliminated a transitional rule where companies were allowed to
account for finance leases that do not transfer ownership at the end of the lease term as operating leases and require the companies to recognize them as finance leases on their balance sheet.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



- 10 -



---

In accordance with new accounting standard for lease, the Company capitalized all finance
leases on its consolidated balance sheets and depreciated by the straight-line method over leased term. However, finance leases that do not transfer ownership and whose commencement day falls prior to April 1, 2008 are continued to be accounted
for as an operating lease with required disclosure in the notes in accordance with an exceptional rule in the new accounting standard.

The revised accounting standard for lease transactions is effective for fiscal years beginning on or after April 1, 2008. The effect of this change was to increase operating income by ¥1,422 thousand ($14 thousand) and income
before income taxes and minority interests by ¥143 thousand ($1 thousand).



| | m. | Bonuses to Directors and Corporate AuditorsThe ASBJ replaced the ASBJ Practical Issues Task Force (PITF) No. 13, Accounting
Treatment for Bonuses to Directors and Corporate Auditors by issuing ASBJ Statement No. 4, Accounting Standard for Directors Bonus on November 29, 2005. Under the new accounting standard, bonuses to directors and
corporate auditors must be expensed and are no longer allowed to be directly charged to retained earnings. This accounting standard is effective for fiscal years ending on or after May 1, 2006. The companies must accrue bonuses to directors and
corporate auditors at the year end to which such bonuses are attributable.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The Company adopted the new
accounting standard for bonuses to directors and corporate auditors from the year ended March 31, 2007. The effect of adoption of this accounting standard was to decrease income before income taxes and minority interests for the year ended
March 31, 2007 by ¥61,196 thousand.



| | n. | Income TaxesThe Group adopted the accounting standard for interperiod allocation of income taxes based on the asset and liability method. Deferred
income taxes are recorded to reflect the impact of temporary differences between assets and liabilities recognized for financial reporting purposes and such amounts recognized for tax purposes. These deferred taxes are measured by applying currently
enacted tax laws to the temporary differences.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | o. | Appropriations of Retained EarningsAppropriations of retained earnings at each year end are reflected in the consolidated financial statements for
the following year upon shareholders approval.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | p. | Per Share InformationBasic net income per share is computed by dividing net income available to common shareholders by the weighted-average number
of common stock outstanding for the period. Prior year per share information has been adjusted to reflect the Companys acquisition of issued shares. On November 1, 2007, the Company acquired all of its issued class shares subject to call
option (see Note 6.c) in exchange for new shares of common stock (at a ratio of 1 to 0.00005) following the resolution at the extraordinary shareholders meeting held on September 25, 2007, resulting in an increase of treasury stock.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | q. | Revenue RecognitionMost of the operating businesses of the Group have contractual relationships with customers. In these businesses, revenue is
recognized in the period in which the services are provided pursuant to the terms of the contracts. Revenue from dining, delivery food and beverage services is recognized upon delivery of food and beverage products.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



- 11 -



---

|3. | MARKETABLE AND INVESTMENT SECURITIES
|-- | ------------------------------------

Marketable and investment securities at March 31, 2009 and 2008 consisted of the following:



|                                 |  |                  |         |                          |   |         |  |   |      
|-------------------------------- |  | ---------------- | ------- | ------------------------ | - | ------- |  | - | -----
|                                 |  | Thousands of Yen |         | Thousands ofU.S. Dollars
|                                 |  | 2009             |         | 2008                     |   | 2009   
|CurrentDebt securities          |  | ¥                | 99,764  |                          | ¥ | 99,660  |  | $ | 1,008
|                                 |  |                  |         |                          |   |         |  |   |      
|Total                            |  | ¥                | 99,764  |                          | ¥ | 99,660  |  | $ | 1,008
|                                 |  |                  |         |                          |   |         |  |   |      
|Non-current:                     |  |                  |         |                          |   |         |  |   |      
|Marketable equity securities     |  | ¥                | 448,004 |                          | ¥ | 577,652 |  | $ | 4,525
|Non-marketable equity securities |  |                  | 400,987 |                          |   | 405,104 |  |   | 4,050
|                                 |  |                  |         |                          |   |         |  |   |      
|Total                            |  | ¥                | 848,991 |                          | ¥ | 982,756 |  | $ | 8,575
|                                 |  |                  |         |                          |   |         |  |   |      

Information regarding marketable equity securities classified as available-for-sale
and held-to-maturity debt securities at March 31, 2009 and 2008 was as follows:



|                                                |  |                           |         |                 |   |                  |  |           |        |  |   |        
|----------------------------------------------- |  | ------------------------- | ------- | --------------- | - | ---------------- |  | --------- | ------ |  | - | -------
|                                                |  | Thousands of Yen         
|March 31, 2009                                  |  | Cost                      |         | UnrealizedGains |   | UnrealizedLosses |  | FairValue
|Available-for-sale marketable equity securities |  | ¥                         | 346,657 |                 | ¥ | 112,295          |  | ¥         | 10,948 |  | ¥ | 448,004
|Held-to-maturity debt securities                |  |                           | 99,764  |                 |   |                  |  |           |        |  |   | 99,764 
|                                                |  |                           |         |                 |   |                  |  |           |        |  |   |        
|Total                                           |  | ¥                         | 446,421 |                 | ¥ | 112,295          |  | ¥         | 10,948 |  | ¥ | 547,768
|                                                |  |                           |         |                 |   |                  |  |           |        |  |   |        
|March 31, 2008                                  |  |                           |         |                 |   |                  |  |          
|Available-for-sale marketable equity securities |  | ¥                         | 379,038 |                 | ¥ | 235,974          |  | ¥         | 37,360 |  | ¥ | 577,652
|Held-to-maturity debt securities                |  |                           | 99,660  |                 |   |                  |  |           |        |  |   | 99,660 
|                                                |  |                           |         |                 |   |                  |  |           |        |  |   |        
|Total                                           |  | ¥                         | 478,698 |                 | ¥ | 235,974          |  | ¥         | 37,360 |  | ¥ | 677,312
|                                                |  |                           |         |                 |   |                  |  |           |        |  |   |        
|                                                | 
|                                                |  | Thousands of U.S. Dollars
|March 31, 2009                                  |  | Cost                      |         | UnrealizedGains |   | UnrealizedLosses |  | FairValue
|Available-for-sale marketable equity securities |  | $                         | 3,502   |                 | $ | 1,134            |  | $         | 111    |  | $ | 4,525  
|Held-to-maturity debt securities                |  |                           | 1,008   |                 |   |                  |  |           |        |  |   | 1,008  
|                                                |  |                           |         |                 |   |                  |  |           |        |  |   |        
|Total                                           |  | $                         | 4,510   |                 | $ | 1,134            |  | $         | 111    |  | $ | 5,533  
|                                                |  |                           |         |                 |   |                  |  |           |        |  |   |        

Cost and unrealized gains of available-for-sale marketable equity securities as of
March 31, 2008 have been corrected due to an immaterial error from ¥518,132 thousand to ¥379,038 thousand and from ¥96,880 thousand and ¥235,974 thousand, respectively. As a result of this correction, total of cost and
unrealized gains as of March 31, 2008 have been corrected from ¥617,792 thousand to ¥478,698 thousand and ¥96,880 thousand to ¥235,974 thousand, respectively.

Carrying amounts of available-for-sale securities whose fair value is not readily determinable as of March 31, 2009 and 2008 were as
follows:



|                                                    |  |                  |         |                          |   |         |  |   |      
|--------------------------------------------------- |  | ---------------- | ------- | ------------------------ | - | ------- |  | - | -----
|                                                    |  | Thousands of Yen |         | Thousands ofU.S. Dollars
|                                                    |  | 2009             |         | 2008                     |   | 2009   
|Available-for-saleNon-marketable equity securities |  | ¥                | 400,987 |                          | ¥ | 405,104 |  | $ | 4,050

The carrying amounts of debt securities by contractual maturities for securities
classified as held-to-maturity at March 31, 2009 were as follows:



|                    |  |                  |        |                          |   |      
|------------------- |  | ---------------- | ------ | ------------------------ | - | -----
|                    |  | Thousands of Yen |        | Thousands ofU.S. Dollars
|Due within one year |  | ¥                | 99,764 |                          | $ | 1,008



- 12 -



---

|4. | INVENTORIES
|-- | -----------

Inventories
at March 31, 2009 and 2008 consisted of the following:



|              |  |                  |           |                          |   |           |  |   |       
|------------- |  | ---------------- | --------- | ------------------------ | - | --------- |  | - | ------
|              |  | Thousands of Yen |           | Thousands ofU.S. Dollars
|              |  | 2009             |           | 2008                     |   | 2009     
|Merchandise   |  | ¥                | 426,083   |                          | ¥ | 429,431   |  | $ | 4,304 
|Raw materials |  |                  | 857,241   |                          |   | 838,037   |  |   | 8,659 
|Supplies      |  |                  | 234,794   |                          |   | 201,040   |  |   | 2,372 
|              |  |                  |           |                          |   |           |  |   |       
|Total         |  | ¥                | 1,518,118 |                          | ¥ | 1,468,508 |  | $ | 15,335
|              |  |                  |           |                          |   |           |  |   |       



|5. | LIABILITY FOR EMPLOYEES RETIREMENT BENEFITS
|-- | --------------------------------------------

The Company and certain subsidiaries have non-contributory funded pension plans for employees.

Under most circumstances, employees terminating their employment are entitled to retirement benefits determined based on the rate of pay at the time of termination, years of service and certain other
factors. Such retirement benefits are made in the form of a lump-sum severance payment from the Company or from certain subsidiaries and annuity payments from a trustee. Employees are entitled to larger payments if the termination is involuntary, by
retirement at the mandatory retirement age, or by death.

The liability for employees retirement benefits at
March 31, 2009 and 2008 consisted of the following:



|                                              |  |                  |            |   |                          |   |            |      |  |   |         |  
|--------------------------------------------- |  | ---------------- | ---------- | - | ------------------------ | - | ---------- | ---- |  | - | ------- | -
|                                              |  | Thousands of Yen |            |   | Thousands ofU.S. Dollars |  
|                                              |  | 2009             |            |   | 2008                     |   |            | 2009 | 
|Projected benefit obligation                  |  | ¥                | 7,484,307  |   |                          | ¥ | 7,201,083  |      |  | $ | 75,599  |  
|Fair value of plan assets                     |  |                  | (4,838,456 | ) |                          |   | (5,882,322 | )    |  |   | (48,873 | )
|Unrecognized actuarial loss                   |  |                  | (1,607,087 | ) |                          |   | (236,478   | )    |  |   | (16,233 | )
|                                              |  |                  |            |   |                          |   |            |      |  |   |         |  
|Net amount on the consolidated balance sheets |  |                  | 1,038,764  |   |                          |   | 1,082,283  |      |  |   | 10,493  |  
|Prepaid pension costs                         |  |                  | (149,648   | ) |                          |   | (111,708   | )    |  |   | (1,511  | )
|                                              |  |                  |            |   |                          |   |            |      |  |   |         |  
|Employees retirement benefits                |  | ¥                | 1,188,412  |   |                          | ¥ | 1,193,991  |      |  | $ | 12,004  |  
|                                              |  |                  |            |   |                          |   |            |      |  |   |         |  

The components of net periodic benefit costs are as follows:



|                                 |  |                  |          |   |                          |   |          |      |  |   |          |   |  |   |        |  
|-------------------------------- |  | ---------------- | -------- | - | ------------------------ | - | -------- | ---- |  | - | -------- | - |  | - | ------ | -
|                                 |  | Thousands of Yen |          |   | Thousands ofU.S. Dollars |  
|                                 |  | 2009             |          |   | 2008                     |   |          | 2007 |  |   | 2009     |  
|Service cost                     |  | ¥                | 547,820  |   |                          | ¥ | 524,094  |      |  | ¥ | 528,933  |   |  | $ | 5,534  |  
|Interest cost                    |  |                  | 139,831  |   |                          |   | 131,585  |      |  |   | 128,002  |   |  |   | 1,412  |  
|Expected return on plan assets   |  |                  | (117,510 | ) |                          |   | (134,620 | )    |  |   | (122,884 | ) |  |   | (1,187 | )
|Recognized actuarial loss (gain) |  |                  | 54,580   |   |                          |   | (38,797  | )    |  |   | (7,966   | ) |  |   | 551    |  
|                                 |  |                  |          |   |                          |   |          |      |  |   |          |   |  |   |        |  
|Net periodic benefit costs       |  | ¥                | 624,721  |   |                          | ¥ | 482,262  |      |  | ¥ | 526,085  |   |  | $ | 6,310  |  
|                                 |  |                  |          |   |                          |   |          |      |  |   |          |   |  |   |        |  

Assumptions used for the years ended March 31, 2009, 2008 and 2007 are set forth
as follows:



|                                          |  |                    |  |                    |  |                   
|----------------------------------------- |  | ------------------ |  | ------------------ |  | ------------------
|                                          |  | 2009               |  | 2008               |  | 2007              
|Discount rate                             |  | 2.0%               |  | 2.0%               |  | 2.0%              
|Expected rate of return on plan assets    |  | 2.0%               |  | From 2.0% to 2.5%  |  | From 2.0% to 3.6% 
|Recognition period of actuarial gain/loss |  | From 5 to 12 years |  | From 5 to 12 years |  | From 5 to 12 years



- 13 -



---

|6. | EQUITY
|-- | ------

Since May 1,
2006, Japanese companies have been subject to the Companies Act which reformed and replaced the Commercial Code of Japan (the Code). The significant provisions in the Companies Act that affect financial and accounting matters are
summarized below:



| | a. | Dividends
| | -- | ---------

Under
the Companies Act, companies can pay dividends at any time during the fiscal year in addition to the year-end dividend upon resolution at the shareholders meeting. If companies that meet certain criteria such as: (1) having a Board of
Directors, (2) having independent auditors, (3) having a Board of Corporate Auditors, and (4) the term of service of the directors is prescribed as one year rather than two years of normal term by its articles of incorporation, the
Board of Directors may declare dividends (except for dividends in-kind) at any time during the fiscal year if the company has prescribed so in its articles of incorporation. The Company meets all the above criteria.

The Companies Act permits companies to distribute dividends in-kind (non-cash assets) to shareholders subject to a certain limitation and
additional requirements.

Semiannual interim dividends may also be paid once a year upon resolution by the Board of Directors
if the articles of incorporation of the company so stipulate. The Companies Act provides certain limitations on the amounts available for dividends or the purchase of treasury stock. The limitation is defined as the amount available for distribution
to the shareholders, but the amount of net assets after dividends must be maintained at no less than ¥3,000 thousand.



| | b. | Increases/Decreases and Transfer of Common Stock, Reserve and Surplus
| | -- | ---------------------------------------------------------------------

The Companies Act requires that an amount equal to 10% of dividends must be appropriated as a legal reserve (a component of retained
earnings) or as additional paid-in capital (a component of capital surplus) depending on the equity account charged upon the payment of such dividends until the total of aggregate amount of legal reserve and additional paid-in capital equals 25% of
the common stock. Under the Companies Act, the total amount of additional paid-in capital and legal reserve may be reversed without limitation. The Companies Act also provides that common stock, legal reserve, additional paid-in capital, other
capital surplus and retained earnings can be transferred among the accounts under certain conditions upon resolution of the shareholders.



| | c. | Treasury Stock and Treasury Stock Acquisition Rights
| | -- | ----------------------------------------------------

The Companies Act also provides for companies to purchase treasury stock and dispose of such treasury stock by resolution of the Board of Directors. The amount of treasury stock purchased cannot exceed
the amount available for distribution to the shareholders which is determined by specific formula. Under the Companies Act, stock acquisition rights, which were previously presented as a liability, are now presented as a separate component of
equity. The Companies Act also provides that companies can purchase both treasury stock acquisition rights and treasury stock. Such treasury stock acquisition rights are presented as a separate component of equity or deducted directly from stock
acquisition rights.

Pursuant to a resolution at the extraordinary shareholders meeting held on September 25, 2007, the
Company exchanged all outstanding common shares on a 1-for-1 basis for new class shares each of which included a call option which allows the Company, at its option, to exchange all of the new class shares for new common shares at an exchange ratio
of 20,000 class shares to 1 new common share. On November 1, 2007, the Company exercised its call options and exchanged all of its issued class shares for new shares of common stock. On January 31, 2008, shareholders with fractional shares
were paid in cash a total amount of ¥112,772 thousand, which consisted of ¥86,618 thousand that had been paid and ¥26,154 thousand that was accrued as a liability, based on the provisions set forth by the Companies Act.



- 14 -



---

|7. | INCOME TAXES
|-- | ------------

The tax
effects of temporary differences which resulted in deferred tax assets at March 31, 2009 and 2008 are as follows:



|                                                                              |  |                  |           |   |                          |   |           |      |  |   |        |  
|----------------------------------------------------------------------------- |  | ---------------- | --------- | - | ------------------------ | - | --------- | ---- |  | - | ------ | -
|                                                                              |  | Thousands of Yen |           |   | Thousands ofU.S. Dollars |  
|                                                                              |  | 2009             |           |   | 2008                     |   |           | 2009 | 
|Current:                                                                      |  |                  |           |   |                          |   |           |      |  |   |        |  
|Deferred tax assets:                                                          |  |                  |           |   |                          |   |           |      |  |   |        |  
|Accrued bonuses to employees                                                  |  | ¥                | 1,538,982 |   |                          | ¥ | 1,530,855 |      |  | $ | 15,545 |  
|Accrued enterprise taxes                                                      |  |                  | 154,154   |   |                          |   | 122,367   |      |  |   | 1,557  |  
|Social insurance contributions by employer                                    |  |                  | 211,804   |   |                          |   | 209,591   |      |  |   | 2,139  |  
|Accrued business office taxes                                                 |  |                  | 15,229    |   |                          |   | 17,570    |      |  |   | 154    |  
|Other                                                                         |  |                  | 82,916    |   |                          |   | 68,877    |      |  |   | 838    |  
|                                                                              |  |                  |           |   |                          |   |           |      |  |   |        |  
|Total                                                                         |  |                  | 2,003,085 |   |                          |   | 1,949,260 |      |  |   | 20,233 |  
|                                                                              |  |                  |           |   |                          |   |           |      |  |   |        |  
|Deferred tax liabilitiesother                                                |  |                  | 3,656     |   |                          |   | 3,947     |      |  |   | 37     |  
|                                                                              |  |                  |           |   |                          |   |           |      |  |   |        |  
|Total                                                                         |  |                  | 3,656     |   |                          |   | 3,947     |      |  |   | 37     |  
|                                                                              |  |                  |           |   |                          |   |           |      |  |   |        |  
|Net deferred tax assets                                                       |  | ¥                | 1,999,429 |   |                          | ¥ | 1,945,313 |      |  | $ | 20,196 |  
|                                                                              |  |                  |           |   |                          |   |           |      |  |   |        |  
|Non-current:                                                                  |  |                  |           |   |                          |   |           |      |  |   |        |  
|Deferred tax assets:                                                          |  |                  |           |   |                          |   |           |      |  |   |        |  
|Employees retirement benefits                                                |  | ¥                | 427,457   |   |                          | ¥ | 433,847   |      |  | $ | 4,318  |  
|Loss on devaluation of investment securities                                  |  |                  | 92,149    |   |                          |   | 68,910    |      |  |   | 931    |  
|Loss on devaluation of golf membership                                        |  |                  | 7,099     |   |                          |   | 7,141     |      |  |   | 71     |  
|Retirement benefits for directors and corporate auditors                      |  |                  | 35,645    |   |                          |   | 83,090    |      |  |   | 360    |  
|Loss on impairment of long-lived assets                                       |  |                  | 66,507    |   |                          |   | 75,051    |      |  |   | 672    |  
|Allowance for doubtful accounts                                               |  |                  | 25,996    |   |                          |   | 28,039    |      |  |   | 262    |  
|Other                                                                         |  |                  | 58,604    |   |                          |   | 53,636    |      |  |   | 592    |  
|Less valuation allowance                                                      |  |                  | (118,336  | ) |                          |   | (106,080  | )    |  |   | (1,195 | )
|                                                                              |  |                  |           |   |                          |   |           |      |  |   |        |  
|Total                                                                         |  |                  | 595,121   |   |                          |   | 643,634   |      |  |   | 6,011  |  
|                                                                              |  |                  |           |   |                          |   |           |      |  |   |        |  
|Deferred tax liabilitiesnet unrealized gain on available-for-sale securities |  |                  | 40,653    |   |                          |   | 90,293    |      |  |   | 410    |  
|                                                                              |  |                  |           |   |                          |   |           |      |  |   |        |  
|Total                                                                         |  |                  | 40,653    |   |                          |   | 90,293    |      |  |   | 410    |  
|                                                                              |  |                  |           |   |                          |   |           |      |  |   |        |  
|Net deferred tax assets                                                       |  | ¥                | 554,468   |   |                          | ¥ | 553,341   |      |  | $ | 5,601  |  
|                                                                              |  |                  |           |   |                          |   |           |      |  |   |        |  

A reconciliation between the normal effective statutory tax rate and the actual
effective tax rate reflected in the accompanying consolidated statements of income for the years ended March 31, 2009, 2008 and 2007 is as follows:



|                                                |  |      |   |  |      |   |  |      |  
|----------------------------------------------- |  | ---- | - |  | ---- | - |  | ---- | -
|                                                |  | 2009 |   |  | 2008 |   |  | 2007 |  
|Normal effective statutory tax rate             |  | 40   | % |  | 40   | % |  | 40   | %
|Expenses not deductible for income tax purposes |  | 1    |   |  | 1    |   |  | 1    |  
|Non-taxable dividend income                     |  |      |   |  | (2   | ) |  | (2   | )
|Per capita levy of local taxes                  |  | 5    |   |  | 6    |   |  | 7    |  
|Amortization of goodwill                        |  | 3    |   |  | 3    |   |  | 4    |  
|Taxes for prior years                           |  |      |   |  | 1    |   |  |      |  
|Othernet                                       |  | 2    |   |  | 1    |   |  | (1   | )
|                                                |  |      |   |  |      |   |  |      |  
|Actual effective tax rate                       |  | 51   | % |  | 50   | % |  | 49   | %
|                                                |  |      |   |  |      |   |  |      |  



- 15 -



---

|8. | LEASES
|-- | ------

The Group leases
certain machinery, dining support service related equipment, office space and other assets.

Lease payments under finance
leases for the years ended March 31, 2009, 2008, and 2007 were ¥396,785 thousand ($4,008 thousand), ¥417,504 thousand and ¥449,073 thousand, respectively.

For the year ended March 31, 2007, the Group recorded an impairment loss of ¥12,304 thousand on certain leased property held
under finance leases that do not transfer ownership and the related allowance for impairment loss on leased property, which is included in other long-term liabilities. There were no impairment losses for the years ended March 31, 2009 and 2008.

Obligations under finance leases and future minimum payments under noncancelable operating leases were as follows:



|                    |  |                  |         |                           |   |               |  |                 |       |  |   |      
|------------------- |  | ---------------- | ------- | ------------------------- | - | ------------- |  | --------------- | ----- |  | - | -----
|                    |  | Thousands of Yen |         | Thousands of U.S. Dollars
|                    |  | 2009             |         | 2009                     
|                    |  | FinanceLeases    |         | OperatingLeases           |   | FinanceLeases |  | OperatingLeases
|Due within one year |  | ¥                | 22,822  |                           | ¥ | 91,675        |  | $               | 231   |  | $ | 926  
|Due after one year  |  |                  | 79,300  |                           |   | 192,023       |  |                 | 801   |  |   | 1,940
|                    |  |                  |         |                           |   |               |  |                 |       |  |   |      
|Total               |  | ¥                | 102,122 |                           | ¥ | 283,698       |  | $               | 1,032 |  | $ | 2,866
|                    |  |                  |         |                           |   |               |  |                 |       |  |   |      

As discussed in Note 2.l, the Company accounts for leases which existed of the
transition date and does not transfer ownership of the leased property to the lessee as operating lease transactions.

Pro
forma information of such leased property existing at the transition date, such as acquisition cost, accumulated depreciation, obligations under finance leases, depreciation expense, interest expense and other information of finance leases that do
not transfer ownership of the leased property to the lessee on an as if capitalized basis for the years ended March 31, 2009 and 2008 was as follows:



|                         |  |                       |        |                           |   |           |  |       |         |                       |   |                      |  |          |     |       |   |        |  |   |       |  |   |       
|------------------------ |  | --------------------- | ------ | ------------------------- | - | --------- |  | ----- | ------- | --------------------- | - | -------------------- |  | -------- | --- | ----- | - | ------ |  | - | ----- |  | - | ------
|                         |  | Thousands of Yen      |        | Thousands of U.S. Dollars
|                         |  | 2009                  |        | 2009                     
|                         |  | MachineryandEquipment |        | FurnitureandFixtures      |   | Software  |  | Total |         | MachineryandEquipment |   | FurnitureandFixtures |  | Software |     | Total
|Acquisition cost         |  | ¥                     | 26,859 |                           | ¥ | 1,429,919 |  | ¥     | 210,554 |                       | ¥ | 1,667,332            |  | $        | 271 |       | $ | 14,444 |  | $ | 2,127 |  | $ | 16,842
|Accumulated depreciation |  |                       | 11,753 |                           |   | 807,162   |  |       | 160,205 |                       |   | 979,120              |  |          | 119 |       |   | 8,153  |  |   | 1,618 |  |   | 9,890 
|                         |  |                       |        |                           |   |           |  |       |         |                       |   |                      |  |          |     |       |   |        |  |   |       |  |   |       
|Net leased property      |  | ¥                     | 15,106 |                           | ¥ | 622,757   |  | ¥     | 50,349  |                       | ¥ | 688,212              |  | $        | 152 |       | $ | 6,291  |  | $ | 509   |  | $ | 6,952 
|                         |  |                       |        |                           |   |           |  |       |         |                       |   |                      |  |          |     |       |   |        |  |   |       |  |   |       



|                         |  |                       |        |                      |   |           |  |       |         |  |   |          
|------------------------ |  | --------------------- | ------ | -------------------- | - | --------- |  | ----- | ------- |  | - | ---------
|                         |  | Thousands of Yen     
|                         |  | 2008                 
|                         |  | MachineryandEquipment |        | FurnitureandFixtures |   | Software  |  | Total
|Acquisition cost         |  | ¥                     | 69,541 |                      | ¥ | 1,756,471 |  | ¥     | 227,338 |  | ¥ | 2,053,350
|Accumulated depreciation |  |                       | 39,155 |                      |   | 753,570   |  |       | 123,509 |  |   | 916,234  
|                         |  |                       |        |                      |   |           |  |       |         |  |   |          
|Net leased property      |  | ¥                     | 30,386 |                      | ¥ | 1,002,901 |  | ¥     | 103,829 |  | ¥ | 1,137,116
|                         |  |                       |        |                      |   |           |  |       |         |  |   |          

Acquisition cost and accumulated depreciation of Machinery and Equipment and Furniture
and Fixtures as of March 31, 2008 have been corrected due to an immaterial error from ¥282,306 thousand and ¥148,854 thousand to ¥69,541 thousand and ¥39,155 thousand and from ¥1,543,706 thousand and ¥643,871 thousand to
¥1,756,471 thousand and ¥753,570 thousand, respectively. As a result of this correction, the amount of net leased property of Machinery and Equipment and Furniture and Fixtures as of March 31, 2008 have been corrected from ¥133,452
thousand and ¥899,835 thousand to ¥30,386 thousand and ¥1,002,901 thousand, respectively.

Obligations under
finance leases:



|                    |  |                  |         |                          |   |           |  |   |      
|------------------- |  | ---------------- | ------- | ------------------------ | - | --------- |  | - | -----
|                    |  | Thousands of Yen |         | Thousands ofU.S. Dollars
|                    |  | 2009             |         | 2008                     |   | 2009     
|Due within one year |  | ¥                | 327,077 |                          | ¥ | 407,172   |  | $ | 3,303
|Due after one year  |  |                  | 365,767 |                          |   | 754,521   |  |   | 3,695
|                    |  |                  |         |                          |   |           |  |   |      
|Total               |  | ¥                | 692,844 |                          | ¥ | 1,161,693 |  | $ | 6,998
|                    |  |                  |         |                          |   |           |  |   |      



- 16 -



---

Depreciation expense, interest expense and other information under finance leases:



|                                                             |  |                  |         |                          |   |         |  |      |         |  |   |      
|------------------------------------------------------------ |  | ---------------- | ------- | ------------------------ | - | ------- |  | ---- | ------- |  | - | -----
|                                                             |  | Thousands of Yen |         | Thousands ofU.S. Dollars
|                                                             |  | 2009             |         | 2008                     |   | 2007    |  | 2009
|Depreciation expense                                         |  | ¥                | 378,306 |                          | ¥ | 398,095 |  | ¥    | 429,196 |  | $ | 3,821
|Interest expense                                             |  |                  | 19,296  |                          |   | 22,484  |  |      | 25,168  |  |   | 195  
|                                                             |  |                  |         |                          |   |         |  |      |         |  |   |      
|Total                                                        |  | ¥                | 397,602 |                          | ¥ | 420,579 |  | ¥    | 454,364 |  | $ | 4,016
|                                                             |  |                  |         |                          |   |         |  |      |         |  |   |      
|Reversal of allowance for impairment loss on leased property |  |                  |         |                          |   |         |  | ¥    | 119     |  |   |      
|Impairment loss                                              |  |                  |         |                          |   |         |  |      | 12,304  |  |   |      

Depreciation expense and interest expense, which are not reflected in the accompanying
consolidated statements of income, are computed by the straight-line method and the interest method, respectively.

The minimum
rental commitments under noncancelable operating leases as lessees at March 31, 2009 were as follows:



|                    |  |                 |         |                          |   |      
|------------------- |  | --------------- | ------- | ------------------------ | - | -----
|                    |  | Thousandsof Yen |         | Thousands ofU.S. Dollars
|Due within one year |  | ¥               | 91,675  |                          | $ | 926  
|Due after one year  |  |                 | 192,023 |                          |   | 1,940
|                    |  |                 |         |                          |   |      
|Total               |  | ¥               | 283,698 |                          | $ | 2,866
|                    |  |                 |         |                          |   |      



|9. | SEGMENT INFORMATION
|-- | -------------------

Information about industry segments of the Group for the years ended March 31, 2009, 2008 and 2007 is set forth below. In December 2006, the Company disposed of its Extermination of Harmful Insects and Facility Services and in November
2008, the Company disposed of its Temporary Staffing Services.

Industry Segments



| | a. | Sales and Operating Income
| | -- | --------------------------



|                                                                             |  |                  |             |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              |             |  |   |            |   |  |   |            
|---------------------------------------------------------------------------- |  | ---------------- | ----------- | ----------------------------- | - | ------------------------- |  | ----------- | --------- | ------------- | - | --------- | ----- | - | ---------------------- | - |  | ------------ | ----------- |  | - | ---------- | - |  | - | -----------
|                                                                             |  | Thousands of Yen
|                                                                             |  | 2009            
|                                                                             |  | FoodBusiness     |             | Office Coffee andTea Services |   | TemporaryStaffingServices |  | LinenSupply |           | OtherServices |   |           | Total |   | Eliminations/Corporate |   |  | Consolidated
|Sales to customers                                                           |  | ¥                | 133,182,813 |                               | ¥ | 7,968,101                 |  | ¥           | 5,354,844 |               | ¥ | 1,444,549 |       | ¥ | 255,078                |   |  | ¥            | 148,205,385 |  |   |            |   |  | ¥ | 148,205,385
|Intersegment sales                                                           |  |                  |             |                               |   | 228,321                   |  |             | 118,508   |               |   | 416,962   |       |   | 251,047                |   |  |              | 1,014,838   |  | ¥ | (1,014,838 | ) |  |   |            
|                                                                             |  |                  |             |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              |             |  |   |            |   |  |   |            
|Total sales                                                                  |  |                  | 133,182,813 |                               |   | 8,196,422                 |  |             | 5,473,352 |               |   | 1,861,511 |       |   | 506,125                |   |  |              | 149,220,223 |  |   | (1,014,838 | ) |  |   | 148,205,385
|Operating expenses                                                           |  |                  | 126,468,024 |                               |   | 7,895,154                 |  |             | 5,355,943 |               |   | 1,690,224 |       |   | 522,311                |   |  |              | 141,931,656 |  |   | 836,848    |   |  |   | 142,768,504
|                                                                             |  |                  |             |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              |             |  |   |            |   |  |   |            
|Operating income (loss)                                                      |  | ¥                | 6,714,789   |                               | ¥ | 301,268                   |  | ¥           | 117,409   |               | ¥ | 171,287   |       | ¥ | (16,186                | ) |  | ¥            | 7,288,567   |  | ¥ | (1,851,686 | ) |  | ¥ | 5,436,881  
|                                                                             |  |                  |             |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              |             |  |   |            |   |  |   |            
|b.      Total Assets, Depreciation, Impairment Loss and Capital Expenditures
|                                                                             |  | Thousands of Yen
|                                                                             |  | 2009            
|                                                                             |  | FoodBusiness     |             | Office Coffee andTea Services |   | TemporaryStaffingServices |  | LinenSupply |           | OtherServices |   |           | Total |   | Eliminations/Corporate |   |  | Consolidated
|Total assets                                                                 |  | ¥                | 30,824,442  |                               | ¥ | 4,014,612                 |  |             |           |               | ¥ | 1,510,057 |       | ¥ | 72,932                 |   |  | ¥            | 36,422,043  |  | ¥ | 109,999    |   |  | ¥ | 36,532,042 
|Depreciation and other                                                       |  |                  | 239,946     |                               |   | 65,491                    |  | ¥           | 9,516     |               |   | 79,212    |       |   | 250                    |   |  |              | 394,415     |  |   | 105,771    |   |  |   | 500,186    
|Impairment loss                                                              |  |                  | 1,114       |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              | 1,114       |  |   |            |   |  |   | 1,114      
|Capital expenditures                                                         |  |                  | 410,310     |                               |   | 24,395                    |  |             |           |               |   | 167,250   |       |   |                        |   |  |              | 601,955     |  |   | 175,803    |   |  |   | 777,758    



- 17 -



---

| | a. | Sales and Operating Income
| | -- | --------------------------



|                                                                             |  |                           |             |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              |             |  |   |            |   |  |   |            
|---------------------------------------------------------------------------- |  | ------------------------- | ----------- | ----------------------------- | - | ------------------------- |  | ----------- | --------- | ------------- | - | --------- | ----- | - | ---------------------- | - |  | ------------ | ----------- |  | - | ---------- | - |  | - | -----------
|                                                                             |  | Thousands of U.S. Dollars
|                                                                             |  | 2009                     
|                                                                             |  | Food Business             |             | Office Coffee andTea Services |   | TemporaryStaffingServices |  | LinenSupply |           | OtherServices |   |           | Total |   | Eliminations/Corporate |   |  | Consolidated
|Sales to customers                                                           |  | $                         | 1,345,281   |                               | $ | 80,486                    |  | $           | 54,089    |               | $ | 14,591    |       | $ | 2,577                  |   |  | $            | 1,497,024   |  |   |            |   |  | $ | 1,497,024  
|Intersegment sales                                                           |  |                           |             |                               |   | 2,306                     |  |             | 1,197     |               |   | 4,212     |       |   | 2,536                  |   |  |              | 10,251      |  | $ | (10,251    | ) |  |   |            
|                                                                             |  |                           |             |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              |             |  |   |            |   |  |   |            
|Total sales                                                                  |  |                           | 1,345,281   |                               |   | 82,792                    |  |             | 55,286    |               |   | 18,803    |       |   | 5,113                  |   |  |              | 1,507,275   |  |   | (10,251    | ) |  |   | 1,497,024  
|Operating expenses                                                           |  |                           | 1,277,455   |                               |   | 79,749                    |  |             | 54,100    |               |   | 17,073    |       |   | 5,276                  |   |  |              | 1,433,653   |  |   | 8,453      |   |  |   | 1,442,106  
|                                                                             |  |                           |             |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              |             |  |   |            |   |  |   |            
|Operating income (loss)                                                      |  | $                         | 67,826      |                               | $ | 3,043                     |  | $           | 1,186     |               | $ | 1,730     |       | $ | (163                   | ) |  | $            | 73,622      |  | $ | (18,704    | ) |  | $ | 54,918     
|                                                                             |  |                           |             |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              |             |  |   |            |   |  |   |            
|b.      Total Assets, Depreciation, Impairment Loss and Capital Expenditures
|                                                                             |  | Thousands of U.S. Dollars
|                                                                             |  | 2009                     
|                                                                             |  | Food Business             |             | Office Coffee andTea Services |   | TemporaryStaffingServices |  | LinenSupply |           | OtherServices |   |           | Total |   | Eliminations/Corporate |   |  | Consolidated
|Total assets                                                                 |  | $                         | 311,358     |                               | $ | 40,552                    |  |             |           |               | $ | 15,253    |       | $ | 737                    |   |  | $            | 367,900     |  | $ | 1,111      |   |  | $ | 369,011    
|Depreciation and other                                                       |  |                           | 2,424       |                               |   | 661                       |  | $           | 96        |               |   | 800       |       |   | 3                      |   |  |              | 3,984       |  |   | 1,068      |   |  |   | 5,052      
|Impairment loss                                                              |  |                           | 11          |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              | 11          |  |   |            |   |  |   | 11         
|Capital expenditures                                                         |  |                           | 4,145       |                               |   | 246                       |  |             |           |               |   | 1,689     |       |   |                        |   |  |              | 6,080       |  |   | 1,776      |   |  |   | 7,856      
|a.      Sales and Operating Income                                          
|                                                                             |  | Thousands of Yen         
|                                                                             |  | 2008                     
|                                                                             |  | FoodBusiness              |             | Office Coffee andTea Services |   | TemporaryStaffingServices |  | LinenSupply |           | OtherServices |   |           | Total |   | Eliminations/Corporate |   |  | Consolidated
|Sales to customers                                                           |  | ¥                         | 129,008,204 |                               | ¥ | 9,708,955                 |  | ¥           | 6,603,226 |               | ¥ | 1,424,414 |       | ¥ | 638,380                |   |  | ¥            | 147,383,179 |  |   |            |   |  | ¥ | 147,383,179
|Intersegment sales                                                           |  |                           |             |                               |   | 234,384                   |  |             | 145,004   |               |   | 549,329   |       |   | 246,554                |   |  |              | 1,175,271   |  | ¥ | (1,175,271 | ) |  |   |            
|                                                                             |  |                           |             |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              |             |  |   |            |   |  |   |            
|Total sales                                                                  |  |                           | 129,008,204 |                               |   | 9,943,339                 |  |             | 6,748,230 |               |   | 1,973,743 |       |   | 884,934                |   |  |              | 148,558,450 |  |   | (1,175,271 | ) |  |   | 147,383,179
|Operating expenses                                                           |  |                           | 122,991,089 |                               |   | 9,609,088                 |  |             | 6,506,917 |               |   | 1,803,103 |       |   | 896,715                |   |  |              | 141,806,912 |  |   | 478,503    |   |  |   | 142,285,415
|                                                                             |  |                           |             |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              |             |  |   |            |   |  |   |            
|Operating income (loss)                                                      |  | ¥                         | 6,017,115   |                               | ¥ | 334,251                   |  | ¥           | 241,313   |               | ¥ | 170,640   |       | ¥ | (11,781                | ) |  | ¥            | 6,751,538   |  | ¥ | (1,653,774 | ) |  | ¥ | 5,097,764  
|                                                                             |  |                           |             |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              |             |  |   |            |   |  |   |            
|b.      Total Assets, Depreciation, Impairment Loss and Capital Expenditures
|                                                                             |  | Thousands of Yen         
|                                                                             |  | 2008                     
|                                                                             |  | FoodBusiness              |             | Office Coffee andTea Services |   | TemporaryStaffingServices |  | LinenSupply |           | OtherServices |   |           | Total |   | Eliminations/Corporate |   |  | Consolidated
|Total assets                                                                 |  | ¥                         | 31,512,416  |                               | ¥ | 4,132,322                 |  | ¥           | 1,469,697 |               | ¥ | 1,410,569 |       | ¥ | 98,902                 |   |  | ¥            | 38,623,906  |  | ¥ | (2,697,292 | ) |  | ¥ | 35,926,614 
|Depreciation and other                                                       |  |                           | 214,156     |                               |   | 33,241                    |  |             | 10,075    |               |   | 64,683    |       |   | 331                    |   |  |              | 322,486     |  |   | 153,926    |   |  |   | 476,412    
|Impairment loss                                                              |  |                           | 25,619      |                               |   |                           |  |             |           |               |   |           |       |   |                        |   |  |              | 25,619      |  |   |            |   |  |   | 25,619     
|Capital expenditures                                                         |  |                           | 262,278     |                               |   | 114,694                   |  |             | 1,476     |               |   | 47,512    |       |   | 115                    |   |  |              | 426,075     |  |   | 91,590     |   |  |   | 517,665    





| | a. | Sales and Operating Income
| | -- | --------------------------



|                        |  |                  |             |                              |   |                           |  |                                                    |           |             |   |               |  |   |           |  |                        |         |   |              |   |             |  |   |            |   |  |   |            
|----------------------- |  | ---------------- | ----------- | ---------------------------- | - | ------------------------- |  | -------------------------------------------------- | --------- | ----------- | - | ------------- |  | - | --------- |  | ---------------------- | ------- | - | ------------ | - | ----------- |  | - | ---------- | - |  | - | -----------
|                        |  | Thousands of Yen
|                        |  | 2007            
|                        |  | FoodBusiness     |             | Office Coffeeand TeaServices |   | TemporaryStaffingServices |  | Exterminationof
HarmfulInsects andFacilityServices |           | LinenSupply |   | OtherServices |  |   | Total     |  | Eliminations/Corporate |         |   | Consolidated
|Sales to customers      |  | ¥                | 121,391,191 |                              | ¥ | 8,611,205                 |  | ¥                                                  | 5,859,573 |             | ¥ | 786,191       |  | ¥ | 1,407,703 |  | ¥                      | 671,092 |   |              | ¥ | 138,726,955 |  |   |            |   |  | ¥ | 138,726,955
|Intersegment sales      |  |                  | 1,039       |                              |   | 198,892                   |  |                                                    | 133,532   |             |   | 72,240        |  |   | 330,382   |  |                        | 256,363 |   |              |   | 992,448     |  | ¥ | (992,448   | ) |  |   |            
|                        |  |                  |             |                              |   |                           |  |                                                    |           |             |   |               |  |   |           |  |                        |         |   |              |   |             |  |   |            |   |  |   |            
|Total sales             |  |                  | 121,392,230 |                              |   | 8,810,097                 |  |                                                    | 5,993,105 |             |   | 858,431       |  |   | 1,738,085 |  |                        | 927,455 |   |              |   | 139,719,403 |  |   | (992,448   | ) |  |   | 138,726,955
|Operating expenses      |  |                  | 115,952,849 |                              |   | 8,429,934                 |  |                                                    | 5,789,512 |             |   | 844,583       |  |   | 1,606,168 |  |                        | 933,234 |   |              |   | 133,556,280 |  |   | 617,237    |   |  |   | 134,173,517
|                        |  |                  |             |                              |   |                           |  |                                                    |           |             |   |               |  |   |           |  |                        |         |   |              |   |             |  |   |            |   |  |   |            
|Operating income (loss) |  | ¥                | 5,439,381   |                              | ¥ | 380,163                   |  | ¥                                                  | 203,593   |             | ¥ | 13,848        |  | ¥ | 131,917   |  | ¥                      | (5,779  | ) |              | ¥ | 6,163,123   |  | ¥ | (1,609,685 | ) |  | ¥ | 4,553,438  
|                        |  |                  |             |                              |   |                           |  |                                                    |           |             |   |               |  |   |           |  |                        |         |   |              |   |             |  |   |            |   |  |   |            



- 18 -



---

| | b. | Total Assets, Depreciation, Impairment Loss and Capital Expenditures
| | -- | --------------------------------------------------------------------



|                       |  |                  |            |                              |   |                           |  |                                                     |           |             |   |               |  |       |           |                        |   |        |              |   |            |  |   |            |   |  |   |           
|---------------------- |  | ---------------- | ---------- | ---------------------------- | - | ------------------------- |  | --------------------------------------------------- | --------- | ----------- | - | ------------- |  | ----- | --------- | ---------------------- | - | ------ | ------------ | - | ---------- |  | - | ---------- | - |  | - | ----------
|                       |  | Thousands of Yen
|                       |  | 2007            
|                       |  | FoodBusiness     |            | Office Coffeeand TeaServices |   | TemporaryStaffingServices |  | Exterminationof
HarmfulInsects andFacility Services |           | LinenSupply |   | OtherServices |  | Total |           | Eliminations/Corporate |   |        | Consolidated
|Total assets           |  | ¥                | 29,987,693 |                              | ¥ | 5,314,952                 |  | ¥                                                   | 1,328,449 |             |   |               |  | ¥     | 1,457,939 |                        | ¥ | 54,821 |              | ¥ | 38,143,854 |  | ¥ | (2,378,292 | ) |  | ¥ | 35,765,562
|Depreciation and other |  |                  | 222,913    |                              |   | 25,602                    |  |                                                     | 11,811    |             | ¥ | 1,300         |  |       | 77,832    |                        |   | 817    |              |   | 340,275    |  |   | 165,121    |   |  |   | 505,396   
|Impairment loss        |  |                  | 83,541     |                              |   |                           |  |                                                     |           |             |   |               |  |       |           |                        |   |        |              |   | 83,541     |  |   |            |   |  |   | 83,541    
|Capital expenditures   |  |                  | 201,136    |                              |   | 36,592                    |  |                                                     | 10,132    |             |   |               |  |       | 71,317    |                        |   | 164    |              |   | 319,341    |  |   | 113,283    |   |  |   | 432,624   

The Company has no branch offices or subsidiaries in foreign countries, therefore
geographic segment information has not been disclosed. Also, sales to foreign customers have not been presented because neither the Company nor its subsidiaries recorded foreign sales for the years ended March 31, 2009, 2008 and 2007.



|10. | RELATED PARTY TRANSACTIONS
|--- | --------------------------

Transactions of the Company with subsidiaries and associated companies for the years ended March 31, 2009, 2008 and 2007 were as follows:



|                                                                                                                          |  |                  |            |                          |   |           |  |      |           |  |   |        
|------------------------------------------------------------------------------------------------------------------------- |  | ---------------- | ---------- | ------------------------ | - | --------- |  | ---- | --------- |  | - | -------
|                                                                                                                          |  | Thousands of Yen |            | Thousands ofU.S. Dollars
|                                                                                                                          |  | 2009             |            | 2008                     |   | 2007      |  | 2009
|Tax accountant fee to a corporate auditor (2)                                                                             |  |                  |            |                          | ¥ | 1,800     |  | ¥    | 1,800     |  |   |        
|Purchase transactions with a subsidiary of a shareholder during the year (3)                                              |  | ¥                | 10,257,589 |                          |   |           |  |      |           |  | $ | 103,612
|The balances due to or from these
subsidiaries and associated companies at March 31, 2009, 2008 and 2007 were as follows:
|                                                                                                                          |  | Thousands of Yen |            | Thousands ofU.S. Dollars
|                                                                                                                          |  | 2009             |            | 2008                     |   | 2007      |  | 2009
|Short-term loans made to a subsidiary of a major shareholder during the year (1)                                          |  | ¥                | 676,712    |                          | ¥ | 1,297,677 |  | ¥    | 1,418,356 |  | $ | 6,835  
|Account payable to a subsidiary of a shareholder as of March 31, 2009 (3)                                                 |  |                  | 1,666,893  |                          |   |           |  |      |           |  |   | 16,837 



|Notes: | (1) Short-term loans generally have less than one month term. The amounts in the table represent the average balances of the short-term loans during the year.
|------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (2) There was no material transaction with the corporate auditor for the year ended March 31, 2009.
| | ---------------------------------------------------------------------------------------------------



| | (3) In October 2006, the ASBJ issued Accounting StandardASBJ Statement No. 11, Accounting Standard for Related Party Disclosures, and ASBJ
Guidance No. 13, Guidance on Accounting Standard for Related Party Disclosures. The new standard and related implementation guidance address the definition of related parties and transactions subject to disclosure. The standard and
its implementation guidance are effective for fiscal years beginning on or after April 1, 2008 although earlier application is permitted. According to the standards and implementation, the Company newly disclosed that the purchase of certain
material from a subsidiary of a shareholder for the year ended March 31, 2009.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | The year-end balances of short-term loans made to a subsidiary of a major shareholder as of March 31, 2009 and 2007 amounted to ¥1,600,000 thousand
($16,162 thousand) and ¥1,700,000 thousand, respectively. There were no short-term loans made to a subsidiary of a major shareholder as of March 31, 2008.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|11. | SUBSEQUENT EVENT
|--- | ----------------

On
June 25, 2009, the shareholders of the Company approved payments of cash dividends to the shareholders of record on March 31, 2009 of ¥6,780 thousand ($68 thousand) per share or a total of ¥3,756,120 thousand ($37,941
thousand) at the Companys ordinary general meeting of shareholders.



- 19 -



---

|12. | RECONCILIATION TO U.S. GAAP
|--- | ---------------------------

The consolidated financial statements of the Group are prepared in accordance with Japanese GAAP, which varies in certain significant respects from U.S. GAAP. The following are reconciliations of equity and net income of the Company
applying U.S. GAAP instead of Japanese GAAP.

The Groups equity as of March 31, 2009 and 2008 is reconciled as
follows:



|                                                                                  |  |                  |            |   |                          |   |            |      |  |   |         |  
|--------------------------------------------------------------------------------- |  | ---------------- | ---------- | - | ------------------------ | - | ---------- | ---- |  | - | ------- | -
|                                                                                  |  | Thousands of Yen |            |   | Thousands ofU.S. Dollars |  
|                                                                                  |  | 2009             |            |   | 2008                     |   |            | 2009 | 
|Equity in accordance with Japanese GAAP                                           |  | ¥                | 13,689,516 |   |                          | ¥ | 12,796,769 |      |  | $ | 138,278 |  
|                                                                                  |  |                  |            |   |                          |   |            |      |  |   |         |  
|Differences arising from different accounting for:                                |  |                  |            |   |                          |   |            |      |  |   |         |  
|a. Goodwill, intangible assets and other business combination related adjustments |  |                  | 6,878,685  |   |                          |   | 6,844,971  |      |  |   | 69,482  |  
|b. Accrued vacation                                                               |  |                  | (2,037,978 | ) |                          |   | (1,698,414 | )    |  |   | (20,586 | )
|c. Employees retirement benefits                                                 |  |                  | (2,249,241 | ) |                          |   | (456,271   | )    |  |   | (22,720 | )
|d. Asset retirement obligation                                                    |  |                  | (30,604    | ) |                          |   | (26,102    | )    |  |   | (309    | )
|e. Capital leases                                                                 |  |                  | (32,257    | ) |                          |   | (32,742    | )    |  |   | (326    | )
|f. Minority interests                                                             |  |                  | (46,614    | ) |                          |   | (40,998    | )    |  |   | (471    | )
|g. Change in fiscal year end                                                      |  |                  |            |   |                          |   | (90,799    | )    |  |   |         |  
|h. Tax effect of adjustments                                                      |  |                  | (566,828   | ) |                          |   | (1,492,898 | )    |  |   | (5,725  | )
|                                                                                  |  |                  |            |   |                          |   |            |      |  |   |         |  
|Total                                                                             |  |                  | 1,915,163  |   |                          |   | 3,006,747  |      |  |   | 19,345  |  
|                                                                                  |  |                  |            |   |                          |   |            |      |  |   |         |  
|Shareholders equity in accordance with U.S. GAAP                                 |  | ¥                | 15,604,679 |   |                          | ¥ | 15,803,516 |      |  | $ | 157,623 |  
|                                                                                  |  |                  |            |   |                          |   |            |      |  |   |         |  

The Groups net income for the years ended March 31, 2009, 2008 and 2007 is
reconciled as follows:



|                                                                                  |  |                  |           |   |                          |   |           |      |  |   |           |   |  |   |        |  
|--------------------------------------------------------------------------------- |  | ---------------- | --------- | - | ------------------------ | - | --------- | ---- |  | - | --------- | - |  | - | ------ | -
|                                                                                  |  | Thousands of Yen |           |   | Thousands ofU.S. Dollars |  
|                                                                                  |  | 2009             |           |   | 2008                     |   |           | 2007 |  |   | 2009      |  
|Net income in accordance with Japanese GAAP                                       |  | ¥                | 2,934,957 |   |                          | ¥ | 2,580,391 |      |  | ¥ | 2,383,432 |   |  | $ | 29,646 |  
|                                                                                  |  |                  |           |   |                          |   |           |      |  |   |           |   |  |   |        |  
|Differences arising from different accounting for:                                |  |                  |           |   |                          |   |           |      |  |   |           |   |  |   |        |  
|a. Goodwill, intangible assets and other business combination related adjustments |  |                  | 33,714    |   |                          |   | 5,059     |      |  |   | 228,708   |   |  |   | 340    |  
|b. Accrued vacation                                                               |  |                  | (339,564  | ) |                          |   | (28,517   | )    |  |   | (174,877  | ) |  |   | (3,430 | )
|c. Employees retirement benefits                                                 |  |                  | (7,639    | ) |                          |   | (106,444  | )    |  |   | (48,289   | ) |  |   | (77    | )
|d. Asset retirement obligation                                                    |  |                  | (4,502    | ) |                          |   | 40,484    |      |  |   | (8,385    | ) |  |   | (45    | )
|e. Capital leases                                                                 |  |                  | 485       |   |                          |   | (1,418    | )    |  |   | (6,296    | ) |  |   | 5      |  
|g. Change in fiscal year end                                                      |  |                  |           |   |                          |   | (94,227   | )    |  |   | (51,067   | ) |  |   |        |  
|h. Tax effect of adjustments                                                      |  |                  | 295,907   |   |                          |   | 217,542   |      |  |   | 219,818   |   |  |   | 2,989  |  
|                                                                                  |  |                  |           |   |                          |   |           |      |  |   |           |   |  |   |        |  
|Total                                                                             |  |                  | (21,599   | ) |                          |   | 32,479    |      |  |   | 159,612   |   |  |   | (218   | )
|                                                                                  |  |                  |           |   |                          |   |           |      |  |   |           |   |  |   |        |  
|Net income in accordance with U.S. GAAP                                           |  | ¥                | 2,913,358 |   |                          | ¥ | 2,612,870 |      |  | ¥ | 2,543,044 |   |  | $ | 29,428 |  
|                                                                                  |  |                  |           |   |                          |   |           |      |  |   |           |   |  |   |        |  

Employees retirement benefits and tax effect of adjustments for the year ended
March 31, 2008 have been corrected due to an immaterial error from ¥(114,642) thousand to ¥(106,444) thousand and ¥220,852 thousand to ¥217,542 thousand. As a result of this correction, net income in accordance with U.S. GAAP
for the year ended March 31, 2008 has been corrected from ¥2,607,982 thousand to ¥2,612,870 thousand.

Statement
of Financial Accounting Standards (SFAS) No. 130, Reporting Comprehensive Income, establishes rules for the reporting of comprehensive income and its components. The following table summarizes the components of
comprehensive income under U.S. GAAP for the years ended March 31, 2009, 2008 and 2007:



|                                                              |  |                  |            |   |                          |   |           |      |  |   |           |   |  |   |         |  
|------------------------------------------------------------- |  | ---------------- | ---------- | - | ------------------------ | - | --------- | ---- |  | - | --------- | - |  | - | ------- | -
|                                                              |  | Thousands of Yen |            |   | Thousands ofU.S. Dollars |  
|Comprehensive income                                          |  | 2009             |            |   | 2008                     |   |           | 2007 |  |   | 2009      |  
|Net income in accordance with U.S. GAAP                       |  | ¥                | 2,913,358  |   |                          | ¥ | 2,612,870 |      |  | ¥ | 2,543,044 |   |  | $ | 29,428  |  
|Unrealized loss on available-for-sale securities (net of tax) |  |                  | (47,332    | ) |                          |   | (171,328  | )    |  |   | (109,073  | ) |  |   | (478    | )
|Employees retirement benefits                                |  |                  | (1,064,369 | ) |                          |   | (657,344  | )    |  |   |           |   |  |   | (10,751 | )
|                                                              |  |                  |            |   |                          |   |           |      |  |   |           |   |  |   |         |  
|Total comprehensive income                                    |  | ¥                | 1,801,657  |   |                          | ¥ | 1,784,198 |      |  | ¥ | 2,433,971 |   |  | $ | 18,199  |  
|                                                              |  |                  |            |   |                          |   |           |      |  |   |           |   |  |   |         |  



- 20 -



---

Net income in accordance with U.S. GAAP and employees retirement benefits for the year
ended March 31, 2008 have been corrected due to an immaterial error from ¥2,607,982 thousand to ¥2,612,870 thousand and from ¥(652,456) thousand to ¥(657,344) thousand, respectively.

The analysis of changes in shareholders equity under U.S. GAAP is as follows:



|                                                |  |                  |            |   |                          |   |            |      |  |   |            |   |  |   |         |  
|----------------------------------------------- |  | ---------------- | ---------- | - | ------------------------ | - | ---------- | ---- |  | - | ---------- | - |  | - | ------- | -
|                                                |  | Thousands of Yen |            |   | Thousands ofU.S. Dollars |  
|                                                |  | 2009             |            |   | 2008                     |   |            | 2007 |  |   | 2009       |  
|Shareholders equity at beginning of year       |  | ¥                | 15,803,516 |   |                          | ¥ | 14,144,408 |      |  | ¥ | 11,286,233 |   |  | $ | 159,631 |  
|Comprehensive income                            |  |                  | 1,801,657  |   |                          |   | 1,784,198  |      |  |   | 2,433,971  |   |  |   | 18,199  |  
|Adjustment to pension, adoption of SFAS No. 158 |  |                  |            |   |                          |   |            |      |  |   | 444,342    |   |  |   |         |  
|Purchases of treasury stock                     |  |                  |            |   |                          |   | (125,090   | )    |  |   | (14,647    | ) |  |   |         |  
|Cash dividends                                  |  |                  | (2,000,494 | ) |                          |   |            |      |  |   |            |   |  |   | (20,207 | )
|Other                                           |  |                  |            |   |                          |   |            |      |  |   | (5,491     | ) |  |   |         |  
|                                                |  |                  |            |   |                          |   |            |      |  |   |            |   |  |   |         |  
|Shareholders equity at end of year             |  | ¥                | 15,604,679 |   |                          | ¥ | 15,803,516 |      |  | ¥ | 14,144,408 |   |  | $ | 157,623 |  
|                                                |  |                  |            |   |                          |   |            |      |  |   |            |   |  |   |         |  

The following is a summary of the significant adjustments made to equity and net
income to reconcile the Japanese GAAP results with U.S. GAAP. The paragraphs below refer to the corresponding items set forth above.



| | a. | Business Combinations
| | -- | ---------------------

Under Japanese GAAP, the Business Accounting Council issued a Statement of Opinion, Accounting for Business Combinations in October 2003 which is effective for fiscal years beginning on or after April 1, 2006. Before this
statement, there was no specific accounting standard addressing accounting for business combinations; therefore, companies followed common business practices dictated by the Code.

Under the purchase method generally applied by Japanese companies, goodwill is measured as the excess of cost over carrying values of the
individual assets acquired and liabilities assumed at the acquisition date. Subsequently, the goodwill is amortized on a straight-line basis over a number of years that may vary, depending on the nature of the acquired business.

Under U.S. GAAP, all business combinations (excluding combinations of entities under common control) are accounted for using the purchase
method as defined in SFAS No. 141, Business Combinations. SFAS No. 141 requires that the net assets, tangible and identifiable intangible assets less liabilities of the acquired company be recorded at fair value, with the
difference between the cost of an acquired company and the fair value of the acquired net assets recorded as goodwill. Also, after the adoption of SFAS No. 142, Goodwill and Intangible Assets, goodwill and recognized
indefinite-lived intangible assets in a business combination are not amortized, but are tested for impairment at least annually, as well as on an interim basis if events or changes in circumstances indicate that the goodwill and indefinite-lived
intangible assets might be impaired. Separate intangible assets that are not deemed to have an indefinite life are amortized over their expected economic life and also tested for impairment.

In 2000, the Company purchased 100% of the outstanding common stock of KK Kizembo (Kizembo). In December 2005, the Company
purchased 100% of the common stock of Yamato Corporation (Yamato). In July 2002, the Company purchased 100% of the common stock of Atlas Co. (Atlas) which owned 52.8% of the common stock of Mefos Co. (Mefos);
subsequently, Atlas acquired in a series of step acquisitions the remaining 47.2% of common stock of Mefos by December 2005.

In March 2006, the Company and Atlas merged, leaving the Company as the surviving entity. As a result of the merger, the Company directly held 100% of the common stock of Mefos. Under Japanese GAAP, and in line with the Code, the Company
consolidated the net carrying amount of the assets and liabilities of Mefos and wrote off the unamortized amount of goodwill related to the previous acquisition of Atlas and its subsidiary, Mefos.

Under U.S. GAAP, the March 2006 merger between the Company and Atlas was accounted for as a transfer of net assets or equity interests
between the entities under common control. Such transfer is accounted for by the receiving entity at the carrying amounts, including goodwill in the accounts of the transferring entity at the date of the transfer. Consequently, the one-time
accelerated goodwill amortization charge is reversed for U.S. GAAP reporting purposes.

On November 1, 2007, the Company
completed its merger with Yamato. For the year ended March 31, 2008, the Company changed the reporting period for Yamato to include results through March 31. Refer to Note 12.g, Change in fiscal year end.

On April 1, 2008, the Company completed its merger with its wholly owned subsidiaries, Kizembo and AIM Dining Support Co., Ltd. All
assets and liabilities of these entities were transferred to the Company at the appropriate carrying amount and there is no impact on the Companys consolidated financial statements.



- 21 -



---

Goodwill:

The following table presents the carrying amount of goodwill under Japanese GAAP and U.S. GAAP as of March 31, 2009 and 2008:



|                |  |                  |           |                           |   |               |                   |           |                                 |           |                                   |   |                |  |                         |           |  |                   |        |                                 |   |                                   |   |  |   |        |  |   |        |  |   |       
|--------------- |  | ---------------- | --------- | ------------------------- | - | ------------- | ----------------- | --------- | ------------------------------- | --------- | --------------------------------- | - | -------------- |  | ----------------------- | --------- |  | ----------------- | ------ | ------------------------------- | - | --------------------------------- | - |  | - | ------ |  | - | ------ |  | - | ------
|                |  | Thousands of Yen |           | Thousands of U.S. Dollars
|                |  | 2009             |           | 2009                     
|                |  | Japanese GAAP    |           | U.S. GAAP                 |   | Japanese GAAP |                   | U.S. GAAP
|AcquiredCompany |  | CarryingAmount   |           | AccumulatedAmortization   |   |               | NetCarryingAmount |           | CarryingAmount,Net ofImpairment |           | GoodwillRelatedReconciliationItem |   | CarryingAmount |  | AccumulatedAmortization |           |  | NetCarryingAmount |        | CarryingAmount,Net ofImpairment |   | GoodwillRelatedReconciliationItem
|Kizembo         |  | ¥                | 482,935   |                           | ¥ | (482,935      | )                 |           |                                 |           |                                   | ¥ | 332,018        |  | ¥                       | 332,018   |  | $                 | 4,878  |                                 | $ | (4,878                            | ) |  |   |        |  | $ | 3,354  |  | $ | 3,354 
|Mefos           |  |                  | 6,175,740 |                           |   | (5,041,748    | )                 |           | ¥                               | 1,133,992 |                                   |   | 1,875,532      |  |                         | 741,540   |  |                   | 62,381 |                                 |   | (50,927                           | ) |  | $ | 11,454 |  |   | 18,945 |  |   | 7,490 
|Yamato          |  |                  | 2,982,465 |                           |   | (918,073      | )                 |           |                                 | 2,064,392 |                                   |   | 2,112,419      |  |                         | 48,027    |  |                   | 30,126 |                                 |   | (9,273                            | ) |  |   | 20,853 |  |   | 21,337 |  |   | 485   
|                |  |                  |           |                           |   |               |                   |           |                                 |           |                                   |   |                |  |                         |           |  |                   |        |                                 |   |                                   |   |  |   |        |  |   |        |  |   |       
|Total           |  | ¥                | 9,641,140 |                           | ¥ | (6,442,756    | )                 |           | ¥                               | 3,198,384 |                                   | ¥ | 4,319,969      |  | ¥                       | 1,121,585 |  | $                 | 97,385 |                                 | $ | (65,078                           | ) |  | $ | 32,307 |  | $ | 43,636 |  | $ | 11,329
|                |  |                  |           |                           |   |               |                   |           |                                 |           |                                   |   |                |  |                         |           |  |                   |        |                                 |   |                                   |   |  |   |        |  |   |        |  |   |       



|                |  |                  |           |                         |   |            |                   |  |                                 |           |                                   |   |           |  |   |          |  
|--------------- |  | ---------------- | --------- | ----------------------- | - | ---------- | ----------------- |  | ------------------------------- | --------- | --------------------------------- | - | --------- |  | - | -------- | -
|                |  | Thousands of Yen |          
|                |  | 2008             |          
|                |  | Japanese GAAP    |           | U.S. GAAP               |  
|AcquiredCompany |  | CarryingAmount   |           | AccumulatedAmortization |   |            | NetCarryingAmount |  | CarryingAmount,Net ofImpairment |           | GoodwillRelatedReconciliationItem |  
|Kizembo         |  | ¥                | 482,935   |                         | ¥ | (482,935   | )                 |  |                                 |           |                                   | ¥ | 332,018   |  | ¥ | 332,018  |  
|Mefos           |  |                  | 6,175,740 |                         |   | (4,922,380 | )                 |  | ¥                               | 1,253,360 |                                   |   | 1,875,532 |  |   | 622,172  |  
|Yamato          |  |                  | 2,982,465 |                         |   | (623,160   | )                 |  |                                 | 2,359,305 |                                   |   | 2,112,419 |  |   | (246,886 | )
|                |  |                  |           |                         |   |            |                   |  |                                 |           |                                   |   |           |  |   |          |  
|Total           |  | ¥                | 9,641,140 |                         | ¥ | (6,028,475 | )                 |  | ¥                               | 3,612,665 |                                   | ¥ | 4,319,969 |  | ¥ | 707,304  |  
|                |  |                  |           |                         |   |            |                   |  |                                 |           |                                   |   |           |  |   |          |  

For U.S. GAAP reporting purposes, prior to March 31, 2006, the Company recognized
goodwill impairment in connection with the acquisition of Atlas and its subsidiary, Mefos.

For U.S. GAAP reporting purposes,
the goodwill recognized in connection with the Kizembo acquisition was amortized for those periods prior to the adoption of SFAS No. 142.

For the years ended March 31, 2009, 2008 and 2007 the net income reconciliation item related to goodwill represents the reversal of the goodwill amortization charge amounting to
¥414,281 thousand ($4,185 thousand), ¥444,464 thousand and ¥507,980 thousand, respectively, recorded under Japanese GAAP.

Under Japanese GAAP, the estimated aggregate amortization expense for goodwill for the next five years is as follows:



|                     |  |                 |         |                          |   |      
|-------------------- |  | --------------- | ------- | ------------------------ | - | -----
|Year Ending March 31 |  | Thousands ofYen |         | Thousands ofU.S. Dollars
|2010                 |  | ¥               | 414,281 |                          | $ | 4,185
|2011                 |  |                 | 414,281 |                          |   | 4,185
|2012                 |  |                 | 414,281 |                          |   | 4,185
|2013                 |  |                 | 414,281 |                          |   | 4,185
|2014                 |  |                 | 414,281 |                          |   | 4,185



- 22 -



---

Adjustment to intangible assets:

Under Japanese GAAP, the Company did not recognize identifiable intangible assets, other than goodwill, as part of purchase price allocation
in a business combination.

In connection with the above-mentioned acquisitions, under U.S. GAAP, the Company recognized
identifiable intangible assets and when applicable amortized those over the expected economic life of each intangible asset. The table below presents the gross carrying amount, accumulated amortization and net carrying amount, in total and by major
class of intangible assets acquired in the above-mentioned business combinations as of March 31, 2009 and 2008:



|                   |  |                     |           |                           |   |            |                    |  |                     |           |                         |   |           |                    |   |                     |   |                         |   |           |                    |   |        |  |   |         |   |  |   |       
|------------------ |  | ------------------- | --------- | ------------------------- | - | ---------- | ------------------ |  | ------------------- | --------- | ----------------------- | - | --------- | ------------------ | - | ------------------- | - | ----------------------- | - | --------- | ------------------ | - | ------ |  | - | ------- | - |  | - | ------
|                   |  | Thousands of Yen    |           | Thousands of U.S. Dollars
|                   |  | 2009                |           | 2008                      |   | 2009      
|                   |  | GrossCarryingAmount |           | AccumulatedAmortization   |   |            | Net CarryingAmount |  | GrossCarryingAmount |           | AccumulatedAmortization |   |           | Net CarryingAmount |   | GrossCarryingAmount |   | AccumulatedAmortization |   |           | Net CarryingAmount
|Customer contracts |  | ¥                   | 7,366,836 |                           | ¥ | (1,920,562 | )                  |  | ¥                   | 5,446,274 |                         | ¥ | 7,366,836 |                    | ¥ | (1,507,170          | ) |                         | ¥ | 5,859,666 |                    | $ | 74,413 |  | $ | (19,400 | ) |  | $ | 55,013
|Trademarks         |  |                     | 361,723   |                           |   |            |                    |  |                     | 361,723   |                         |   | 361,723   |                    |   |                     |   |                         |   | 361,723   |                    |   | 3,654  |  |   |         |   |  |   | 3,654 
|                   |  |                     |           |                           |   |            |                    |  |                     |           |                         |   |           |                    |   |                     |   |                         |   |           |                    |   |        |  |   |         |   |  |   |       
|Total              |  | ¥                   | 7,728,559 |                           | ¥ | (1,920,562 | )                  |  | ¥                   | 5,807,997 |                         | ¥ | 7,728,559 |                    | ¥ | (1,507,170          | ) |                         | ¥ | 6,221,389 |                    | $ | 78,067 |  | $ | (19,400 | ) |  | $ | 58,667
|                   |  |                     |           |                           |   |            |                    |  |                     |           |                         |   |           |                    |   |                     |   |                         |   |           |                    |   |        |  |   |         |   |  |   |       

For the years ended March 31, 2009, 2008 and 2007 the net income reconciliation
item related to intangible assets represents the intangible assets amortization charge recognized under U.S. GAAP amounting to ¥413,392 thousand ($4,176 thousand), ¥413,392 thousand and ¥413,392 thousand, respectively.

Customer contracts are being amortized on a straight-line basis over periods of 14 to 20 years. Trademarks are not amortized
but are tested for impairment at least annually, as well as on an interim basis if events or changes in the circumstances indicate that the trademarks might be impaired.

Under U.S. GAAP, the estimated aggregate amortization expense for intangible assets acquired for the next five years is as follows:



|                     |  |                 |         |                          |   |      
|-------------------- |  | --------------- | ------- | ------------------------ | - | -----
|Year Ending March 31 |  | Thousands ofYen |         | Thousands ofU.S. Dollars
|2010                 |  | ¥               | 413,392 |                          | $ | 4,176
|2011                 |  |                 | 413,392 |                          |   | 4,176
|2012                 |  |                 | 413,392 |                          |   | 4,176
|2013                 |  |                 | 413,392 |                          |   | 4,176
|2014                 |  |                 | 413,392 |                          |   | 4,176



- 23 -



---

Other adjustments in connection with business combinations:

The following table represents a summary of other adjustments in connection with the Yamato business combination as described above as of and
for the years ended March 31, 2009 and 2008:



|                                                                                                                                                                                                                                      |  |                    |         |      |                           |   |                    |  |   |                         |   |  |                         |         |   |                    |   |         |                         |  |   |      |   |  |   |    
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------------ | ------- | ---- | ------------------------- | - | ------------------ |  | - | ----------------------- | - |  | ----------------------- | ------- | - | ------------------ | - | ------- | ----------------------- |  | - | ---- | - |  | - | ---
|                                                                                                                                                                                                                                      |  | Thousands of Yen   |         |      | Thousands of U.S. Dollars
|                                                                                                                                                                                                                                      |  | 2009               |         | 2008 |                           |   | 2007               |  |   | 2009                   
|                                                                                                                                                                                                                                      |  | As ofMarch 31,2009 |         |      | Year EndedMarch 31,2009   |   | As ofMarch 31,2008 |  |   | Year EndedMarch 31,2008 |   |  | Year EndedMarch 31,2007 |         |   | As ofMarch 31,2009 |   |         | Year EndedMarch 31,2009
|Reversal of impairment of the value of land of the acquired company recognized under Japanese GAAP for the year ended
March 31, 2007, which was considered as part of the purchase price allocation for U.S. GAAP accounting purposes |  |                    |         |      |                           |   |                    |  |   |                         |   |  |                         |         |   |                    | ¥ | 88,577  |                         |  |   |      |   |  |   |    
|Deferred revenue recognized under U.S. GAAP not recognized under Japanese GAAP, and amortization of deferred revenue
(1)                                                                                                              |  | ¥                  | (26,474 | )    |                           | ¥ | 32,825             |  | ¥ | (59,299                 | ) |  | ¥                       | 50,885  |   |                    |   | 67,213  |                         |  | $ | (267 | ) |  | $ | 331
|Insurance reserve (2)                                                                                                                                                                                                                 |  |                    |         |      |                           |   |                    |  |   |                         |   |  |                         | (76,898 | ) |                    |   | (74,102 | )                       |  |   |      |   |  |   |    
|Miscellaneous items, net                                                                                                                                                                                                              |  |                    | (24,423 | )    |                           |   |                    |  |   | (24,423                 | ) |  |                         |         |   |                    |   | 52,432  |                         |  |   | (247 | ) |  |   |    
|                                                                                                                                                                                                                                      |  |                    |         |      |                           |   |                    |  |   |                         |   |  |                         |         |   |                    |   |         |                         |  |   |      |   |  |   |    
|Total                                                                                                                                                                                                                                 |  | ¥                  | (50,897 | )    |                           | ¥ | 32,825             |  | ¥ | (83,722                 | ) |  | ¥                       | (26,013 | ) |                    | ¥ | 134,120 |                         |  | $ | (514 | ) |  | $ | 331
|                                                                                                                                                                                                                                      |  |                    |         |      |                           |   |                    |  |   |                         |   |  |                         |         |   |                    |   |         |                         |  |   |      |   |  |   |    



|(1) | Under Japanese GAAP, Yamato, the acquired company, had arrangements that required Yamatos customers to pay a certain amount of revenue at the start of the
contract prior to the acquisition date. These up-front payments were characterized as non-refundable and were related to services to be provided in future years. Yamato recognized these payments as revenue on a cash received basis. Under U.S. GAAP,
the up-front payments are deferred over the longer of the contractual life of an arrangement or the customer relationship life. In addition, if the balance sheet of an acquired entity immediately before the acquisition date includes deferred
revenue, the acquiring entity is required to recognize a liability if such deferred revenue represents a legal obligation assumed by the acquiring entity. The amount assigned to that liability is based on its estimated fair value at the acquisition
date.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | Insurance reserve represents certain reimbursable payments made by Yamato to insurance companies. Following the Japanese tax law, the Company expensed these payments as
incurred and recorded the reimbursement as income when it is received. For U.S. GAAP reporting purposes, the Company considered these reimbursable insurance payments to be part of the net assets acquired, which are fair-valued at the acquisition
date for purchase accounting purposes. During the year ended March 31, 2008, these reimbursable payments were expensed due to the termination of the related insurance contracts.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



- 24 -



---

Business combinations adjustments summary:

The following table summarizes the U.S. GAAP adjustments related to the above-mentioned business combinations:



|                                                         |  |                    |           |   |                           |   |          |                    |  |   |                         |   |  |                         |          |   |                    |   |          |                         |  |   |        |   |  |   |        |  
|-------------------------------------------------------- |  | ------------------ | --------- | - | ------------------------- | - | -------- | ------------------ |  | - | ----------------------- | - |  | ----------------------- | -------- | - | ------------------ | - | -------- | ----------------------- |  | - | ------ | - |  | - | ------ | -
|                                                         |  | Thousands of Yen   |           |   | Thousands of U.S. Dollars |  
|                                                         |  | 2009               |           |   | 2008                      |   |          | 2007               |  |   | 2009                    |  
|                                                         |  | As ofMarch 31,2009 |           |   | Year EndedMarch 31,2009   |   |          | As ofMarch 31,2008 |  |   | Year EndedMarch 31,2008 |   |  | Year EndedMarch 31,2007 |          |   | As ofMarch 31,2009 |   |          | Year EndedMarch 31,2009 | 
|Goodwill                                                 |  | ¥                  | 1,121,585 |   |                           | ¥ | 414,281  |                    |  | ¥ | 707,304                 |   |  | ¥                       | 444,464  |   |                    | ¥ | 507,980  |                         |  | $ | 11,329 |   |  | $ | 4,185  |  
|Intangible assets                                        |  |                    | 5,807,997 |   |                           |   | (413,392 | )                  |  |   | 6,221,389               |   |  |                         | (413,392 | ) |                    |   | (413,392 | )                       |  |   | 58,667 |   |  |   | (4,176 | )
|Land, deferred revenue, and other fair value adjustments |  |                    | (50,897   | ) |                           |   | 32,825   |                    |  |   | (83,722                 | ) |  |                         | (26,013  | ) |                    |   | 134,120  |                         |  |   | (514   | ) |  |   | 331    |  
|                                                         |  |                    |           |   |                           |   |          |                    |  |   |                         |   |  |                         |          |   |                    |   |          |                         |  |   |        |   |  |   |        |  
|Total                                                    |  | ¥                  | 6,878,685 |   |                           | ¥ | 33,714   |                    |  | ¥ | 6,844,971               |   |  | ¥                       | 5,059    |   |                    | ¥ | 228,708  |                         |  | $ | 69,482 |   |  | $ | 340    |  
|                                                         |  |                    |           |   |                           |   |          |                    |  |   |                         |   |  |                         |          |   |                    |   |          |                         |  |   |        |   |  |   |        |  



- 25 -



---

| | b. | Accrued Vacation
| | -- | ----------------

Japanese GAAP does not specifically require a company to accrue liabilities for future compensated absences (short-term employee benefits). Under U.S. GAAP, in accordance with SFAS No. 43, Accounting for Compensated
Absences, absences such as vacations are accrued when earned by employees.

As disclosed in Note 2.a., the Company sold
its wholly owned subsidiary, Any, with gains of ¥424,557 thousand ($4,288 thousand) in accordance with Japanese GAAP and ¥443,922 thousand ($4,484 thousand) in accordance with U.S. GAAP. The difference in gains from the sale between Japanese
GAAP and U.S. GAAP amounting to ¥19,365 thousand ($196 thousand) consisted mainly of the difference arising from different accounting for accrued vacation of ¥18,564 thousand ($188 thousand).



| | c. | Employees Retirement Benefits
| | -- | ------------------------------

Japanese GAAP and U.S. GAAP follow similar principles in accounting for retirement benefit obligations; however, there are several differences in the detailed application of these principles.

Under Japanese GAAP, the Group adopted the accounting standard for retirement benefits as of April 1, 2000. Upon adoption, an
election to amortize the transition obligation over a 5 to 12 year period was made.

The following represent the most relevant
differences between Japanese GAAP and U.S. GAAP in connection with assumptions used to calculate pension liability:



| | (1) | Unlike U.S. GAAP, there is no corridor approach under Japanese GAAP but it includes the consideration of materiality with regard to the selection of assumptions to
determine past benefit obligations and therefore the resulting recognition of actuarial differences.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (2) | Under Japanese GAAP, the rate used to discount benefit obligations may be determined by reference to average interest rates of a certain period and need not necessarily
be the rate prevailing on the balance sheet date. This introduces a smoothing effect that is not accepted under U.S. GAAP.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The liability for employees retirement benefits at March 31, 2009 and 2008 under U.S. GAAP consisted of the following:



|                                   |  |                  |            |   |                          |   |            |      |  |   |         |  
|---------------------------------- |  | ---------------- | ---------- | - | ------------------------ | - | ---------- | ---- |  | - | ------- | -
|                                   |  | Thousands of Yen |            |   | Thousands ofU.S. Dollars |  
|                                   |  | 2009             |            |   | 2008                     |   |            | 2009 | 
|Projected benefit obligation       |  | ¥                | (8,126,461 | ) |                          | ¥ | (7,420,415 | )    |  | $ | (82,085 | )
|Fair value of plan assets          |  |                  | 4,838,456  |   |                          |   | 5,881,861  |      |  |   | 48,873  |  
|                                   |  |                  |            |   |                          |   |            |      |  |   |         |  
|Net liability under U.S. GAAP      |  |                  | (3,288,005 | ) |                          |   | (1,538,554 | )    |  |   | (33,212 | )
|                                   |  |                  |            |   |                          |   |            |      |  |   |         |  
|Net liability under Japanese GAAP: |  |                  |            |   |                          |   |            |      |  |   |         |  
|Employees retirement benefits     |  |                  | (1,188,412 | ) |                          |   | (1,193,991 | )    |  |   | (12,004 | )
|Prepaid pension costs              |  |                  | 149,648    |   |                          |   | 111,708    |      |  |   | 1,512   |  
|                                   |  |                  |            |   |                          |   |            |      |  |   |         |  
|Total                              |  |                  | (1,038,764 | ) |                          |   | (1,082,283 | )    |  |   | (10,492 | )
|                                   |  |                  |            |   |                          |   |            |      |  |   |         |  
|Equity reconciliation item         |  | ¥                | (2,249,241 | ) |                          | ¥ | (456,271   | )    |  | $ | (22,720 | )
|                                   |  |                  |            |   |                          |   |            |      |  |   |         |  



- 26 -



---

Under U.S. GAAP, the components of net periodic benefit costs for the years ended
March 31, 2009, 2008 and 2007 are as follows:



|                                               |  |                  |          |   |                          |   |          |      |  |   |          |   |  |   |        |  
|---------------------------------------------- |  | ---------------- | -------- | - | ------------------------ | - | -------- | ---- |  | - | -------- | - |  | - | ------ | -
|                                               |  | Thousands of Yen |          |   | Thousands ofU.S. Dollars |  
|                                               |  | 2009             |          |   | 2008                     |   |          | 2007 |  |   | 2009     |  
|Service cost                                   |  | ¥                | 607,392  |   |                          | ¥ | 598,496  |      |  | ¥ | 603,071  |   |  | $ | 6,135  |  
|Interest cost                                  |  |                  | 142,156  |   |                          |   | 133,051  |      |  |   | 129,319  |   |  |   | 1,436  |  
|Expected return on plan assets                 |  |                  | (117,188 | ) |                          |   | (134,643 | )    |  |   | (122,884 | ) |  |   | (1,184 | )
|Recognized actuarial gain                      |  |                  |          |   |                          |   | (8,198   | )    |  |   | (35,132  | ) |  |   |        |  
|                                               |  |                  |          |   |                          |   |          |      |  |   |          |   |  |   |        |  
|Net periodic benefit costs under U.S. GAAP     |  |                  | 632,360  |   |                          |   | 588,706  |      |  |   | 574,374  |   |  |   | 6,387  |  
|Net periodic benefit costs under Japanese GAAP |  |                  | 624,721  |   |                          |   | 482,262  |      |  |   | 526,085  |   |  |   | 6,310  |  
|                                               |  |                  |          |   |                          |   |          |      |  |   |          |   |  |   |        |  
|Net income reconciliation item                 |  | ¥                | 7,639    |   |                          | ¥ | 106,444  |      |  | ¥ | 48,289   |   |  | $ | 77     |  
|                                               |  |                  |          |   |                          |   |          |      |  |   |          |   |  |   |        |  

Recognized actuarial gain for the year ended March 31, 2008 has been corrected
due to an immaterial error from zero to ¥(8,198) thousand. As a result of this correction, net periodic benefit costs under U.S. GAAP and net income reconciliation item for the year ended March 31, 2008 have been corrected from ¥596,904
thousand to ¥588,706 thousand and from ¥114,642 thousand to ¥106,444 thousand, respectively.

The U.S. GAAP
assumptions used for the years ended March 31, 2009, 2008 and 2007 are set forth below:



|                                          |  |                    |  |                    |  |                   
|----------------------------------------- |  | ------------------ |  | ------------------ |  | ------------------
|                                          |  | 2009               |  | 2008               |  | 2007              
|Discount rate                             |  | 1.50%              |  | 2.00%              |  | 2.00%             
|Expected rate of return on plan assets    |  | 2.0%               |  | From 2.0% to 2.5%  |  | 2.00%             
|Recognition period of actuarial gain/loss |  | From 5 to 12 years |  | From 5 to 12 years |  | From 5 to 12 years



| | d. | Asset Retirement Obligation
| | -- | ---------------------------

Under Japanese GAAP, the Group does not recognize any liability for future legal obligations for asset retirement associated with the restoration of leased properties to return them to their original
condition because there is no specific requirement. Under U.S. GAAP, SFAS No. 143, Accounting for Asset Retirement Obligations, requires a company to record a legal obligation associated with the retirement of a tangible long-lived
asset that results from the acquisition, construction, or development and/or the normal operation of a long-lived asset, at its fair value. Such obligation generally includes provisions under a lease agreement to remove asset placed in service at
the leased premises or improvements made to the leased property during the lease term.

The Group leases several corporate and
regional offices and has installed leasehold improvements, such as partitions, counters and phone systems, in these leased properties. Most lease agreements in Japan require the lessee to restore the leased property to its original condition,
including removal of the leasehold improvements the lessee has installed when the lessee moves out of the leased property. As a result, the Group will incur certain future costs for the restoration that are required under the lease agreements.

The Group has reviewed the assumptions used to calculate its asset retirement obligations and decided to change the estimated
average asset retirement cost per tsubo (equivalent to 3.3 square meters) from ¥30 thousand to ¥20 thousand during the year ended March 31, 2008. Under the provisions of SFAS No. 154, Accounting Changes
and Error Correctionsa replacement of APB Opinion No. 20 and Financial Accounting Standards Board (the FASB) Statement No. 3, a change in the assumptions used to calculate asset retirement obligations is treated as
a change in accounting estimate. The effect of this change has been reflected on a prospective basis beginning April 1, 2007.

The following represents a reconciliation of the asset retirement obligations for the years ended March 31, 2009 and 2008:



|                                                  |  |                  |         |   |                          |   |          |      |  |   |      |  
|------------------------------------------------- |  | ---------------- | ------- | - | ------------------------ | - | -------- | ---- |  | - | ---- | -
|                                                  |  | Thousands of Yen |         |   | Thousands ofU.S. Dollars |  
|                                                  |  | 2009             |         |   | 2008                     |   |          | 2009 | 
|Asset retirement obligations at beginning of year |  | ¥                | (78,698 | ) |                          | ¥ | (138,927 | )    |  | $ | (795 | )
|Revision to estimate                              |  |                  | (1,177  | ) |                          |   | 49,139   |      |  |   | (12  | )
|Additions to asset retirement obligations         |  |                  | (5,559  | ) |                          |   | (19,946  | )    |  |   | (56  | )
|Liabilities settled during the year               |  |                  | 4,999   |   |                          |   | 32,190   |      |  |   | 50   |  
|Accretion of discount                             |  |                  | (1,046  | ) |                          |   | (1,154   | )    |  |   | (10  | )
|                                                  |  |                  |         |   |                          |   |          |      |  |   |      |  
|Asset retirement obligations at end of year       |  | ¥                | (81,481 | ) |                          | ¥ | (78,698  | )    |  | $ | (823 | )
|                                                  |  |                  |         |   |                          |   |          |      |  |   |      |  



- 27 -



---

The following table presents asset retirement costs, accumulated depreciation of asset
retirement costs, asset retirement obligations, and related expenses in connection with the Groups real estate leases as of and for the years ended March 31, 2009, 2008 and 2007:



|                                                                   |  |                  |         |   |                          |   |         |      |  |   |        |   |  |   |      |  
|------------------------------------------------------------------ |  | ---------------- | ------- | - | ------------------------ | - | ------- | ---- |  | - | ------ | - |  | - | ---- | -
|                                                                   |  | Thousands of Yen |         |   | Thousands ofU.S. Dollars |  
|                                                                   |  | 2009             |         |   | 2008                     |   |         | 2007 |  |   | 2009   |  
|Asset retirement costs                                             |  | ¥                | 74,737  |   |                          | ¥ | 71,728  |      |  |   |        |   |  | $ | 755  |  
|Accumulated depreciation of asset retirement costs                 |  |                  | (23,860 | ) |                          |   | (19,132 | )    |  |   |        |   |  |   | (241 | )
|Asset retirement obligations                                       |  |                  | (81,481 | ) |                          |   | (78,698 | )    |  |   |        |   |  |   | (823 | )
|                                                                   |  |                  |         |   |                          |   |         |      |  |   |        |   |  |   |      |  
|Asset retirement obligations, net                                  |  | ¥                | (30,604 | ) |                          | ¥ | (26,102 | )    |  |   |        |   |  | $ | (309 | )
|                                                                   |  |                  |         |   |                          |   |         |      |  |   |        |   |  |   |      |  
|Reversal of asset retirement costs recognized under Japanese GAAP  |  |                  |         |   |                          | ¥ | 24,554  |      |  |   |        |   |  |   |      |  
|Asset retirement costsdepreciation expense                        |  | ¥                | (8,010  | ) |                          |   | 4,340   |      |  | ¥ | (6,698 | ) |  | $ | (81  | )
|Asset retirement obligationsaccretion expense                     |  |                  | (1,046  | ) |                          |   | 4,781   |      |  |   | (1,687 | ) |  |   | (10  | )
|Impairment loss                                                    |  |                  | (445    | ) |                          |   | (827    | )    |  |   |        |   |  |   | (4   | )
|Other income                                                       |  |                  | 4,999   |   |                          |   | 7,636   |      |  |   |        |   |  |   | 50   |  
|                                                                   |  |                  |         |   |                          |   |         |      |  |   |        |   |  |   |      |  
|Asset retirement obligation impact on net income before income tax |  | ¥                | (4,502  | ) |                          | ¥ | 40,484  |      |  | ¥ | (8,385 | ) |  | $ | (45  | )
|                                                                   |  |                  |         |   |                          |   |         |      |  |   |        |   |  |   |      |  



| | e. | Capital Leases
| | -- | --------------

Previously, Japanese GAAP permitted finance leases that do not transfer ownership of the leased property to a lessee were accounted for as operating lease transactions if certain as if capitalized information was disclosed in
the notes to the lessees financial statements. However, as in Note 2.l, the new accounting standard for lease required the Company to capitalize all finance leases on its consolidated balance sheet.

For finance leases that do not transfer ownership and whose commencement day falls prior to the first year of implementation of this
accounting standard are continued to be accounted for as an operating lease with required pro forma disclosure in the notes in accordance with an exceptional rule in the new accounting standard. Refer to Notes 2.l and 8.

U.S. GAAP requires the application of SFAS No. 13, Accounting for Leases, in order to determine whether a lease should be
classified as an operating or capital lease. The Group analyzed its leases in accordance with the criteria specified in SFAS No. 13 and determined that certain of its leases should be capitalized.

The Company sells certain vending machines to third-party leasing companies and, at the same time, enters into agreements to lease back the
machines. Such transactions have been accounted for as a sale and an operating lease under Japanese GAAP, while, under U.S. GAAP, they have been accounted for as a sale and capital lease as the lease term equals or exceeds 75% of remaining estimated
economic life of the leased asset.

The following table presents a summary of the differences between Japanese GAAP and U.S.
GAAP for lease-related assets and liabilities as of March 31, 2009 and 2008, and income statement related information for the years ended March 31, 2009, 2008 and 2007:



|                                                     |  |                  |            |   |                          |   |            |      |  |   |          |   |  |   |         |  
|---------------------------------------------------- |  | ---------------- | ---------- | - | ------------------------ | - | ---------- | ---- |  | - | -------- | - |  | - | ------- | -
|                                                     |  | Thousands of Yen |            |   | Thousands ofU.S. Dollars |  
|                                                     |  | 2009             |            |   | 2008                     |   |            | 2007 |  |   | 2009     |  
|Machinery and equipment                              |  | ¥                | 63,873     |   |                          | ¥ | 131,962    |      |  |   |          |   |  | $ | 645     |  
|Furniture and fixtures                               |  |                  | 1,903,236  |   |                          |   | 2,231,341  |      |  |   |          |   |  |   | 19,225  |  
|Other assets                                         |  |                  | 397,836    |   |                          |   | 465,858    |      |  |   |          |   |  |   | 4,019   |  
|Accumulated depreciation                             |  |                  | (1,391,523 | ) |                          |   | (1,325,699 | )    |  |   |          |   |  |   | (14,056 | )
|Lease liabilities                                    |  |                  | (1,008,488 | ) |                          |   | (1,541,333 | )    |  |   |          |   |  |   | (10,187 | )
|Other long-term liabilities                          |  |                  | 2,809      |   |                          |   | 5,129      |      |  |   |          |   |  |   | 28      |  
|                                                     |  |                  |            |   |                          |   |            |      |  |   |          |   |  |   |         |  
|Net impact on shareholders equity                   |  | ¥                | (32,257    | ) |                          | ¥ | (32,742    | )    |  |   |          |   |  | $ | (326    | )
|                                                     |  |                  |            |   |                          |   |            |      |  |   |          |   |  |   |         |  
|Reversal of operating lease expense                  |  | ¥                | 587,382    |   |                          | ¥ | 561,656    |      |  | ¥ | 654,066  |   |  | $ | 5,933   |  
|Lease asset depreciation under U.S. GAAP             |  |                  | (558,217   | ) |                          |   | (534,182   | )    |  |   | (626,024 | ) |  |   | (5,638  | )
|Lease related interest expense under U.S. GAAP       |  |                  | (28,680    | ) |                          |   | (28,892    | )    |  |   | (34,338  | ) |  |   | (290    | )
|                                                     |  |                  |            |   |                          |   |            |      |  |   |          |   |  |   |         |  
|Lease related impact on net income before income tax |  | ¥                | 485        |   |                          | ¥ | (1,418     | )    |  | ¥ | (6,296   | ) |  | $ | 5       |  
|                                                     |  |                  |            |   |                          |   |            |      |  |   |          |   |  |   |         |  

Machinery and equipment and furniture and fixtures as of March 31, 2008 have
been corrected due to an immaterial error from ¥367,812 thousand to ¥131,962 thousand and from ¥1,995,491 thousand to ¥2,231,341 thousand, respectively.



- 28 -



---

Other than the above lease-related assets and liabilities, lease assets of ¥116,557
thousand ($1,177 thousand) and lease liabilities of ¥102,122 thousand ($1,032 thousand) were capitalized on the balance sheet as of March 31, 2009 in accordance with Japanese GAAP, which were consisted of furniture and fixtures.



| | f. | Minority Interests
| | -- | ------------------

Under Japanese GAAP, the Company classifies its minority interests within equity. U.S. GAAP requires minority interests to be presented as a separate line item between long-term liabilities and shareholders equity in the consolidated
balance sheet.



| | g. | Change in Fiscal Year End
| | -- | -------------------------

Until the year ended March 31, 2007, the Company consolidated its wholly owned subsidiary, Yamato on a 68-day lag corresponding to Yamatos year end of January 20. During the year ended March 31, 2008, Yamatos
fiscal year end was changed to March 31. In accordance with Japanese GAAP, for the year ended March 31, 2008, the Group eliminated the lag and consolidated the results of operations and cash flows for Yamato for the period from
January 21, 2007 to March 31, 2008. Under U.S. GAAP, such change in reporting period is accounted for as a change in accounting principle and the financial statements are retroactively adjusted as if the change occurred at the beginning of
the earliest period presented.

The effect of the change in fiscal year end on the balance of shareholders equity as of
March 31, 2008 in accordance with U.S. GAAP was ¥90,799 thousand. The effects of change in fiscal year end on net income for the years ended March 31, 2008 and 2007 were ¥94,277 thousand and ¥51,067 thousand,
respectively.



| | h. | Tax Effect of Adjustments
| | -- | -------------------------

Accounting for income taxes in accordance with Japanese GAAP is substantially similar to accounting for income taxes in accordance with SFAS No. 109, Accounting for Income Taxes. Other than the deferred tax impact from the
U.S. GAAP reconciliation items, there is no material difference in connection with accounting for income taxes resulting from the application of U.S. GAAP. The following table illustrates the impact on the Japanese GAAP deferred tax assets and
liabilities in the Groups consolidated balance sheets as a result of the U.S. GAAP adjustments as of March 31, 2009 and 2008:



|                                     |  |                      |           |                                            |                           |            |                   |  |   |                      |   |                                            |   |        |                   |   |         |   |  |   |         |  
|------------------------------------ |  | -------------------- | --------- | ------------------------------------------ | ------------------------- | ---------- | ----------------- |  | - | -------------------- | - | ------------------------------------------ | - | ------ | ----------------- | - | ------- | - |  | - | ------- | -
|                                     |  | Thousands of Yen     |           |                                            | Thousands of U.S. Dollars |           
|                                     |  | 2009                 |           |                                            | 2009                      |           
|                                     |  | JapaneseGAAPBalances |           | SFAS No. 109Applied to U.S.GAAPAdjustments |                           |            | U.S. GAAPBalances |  |   | JapaneseGAAPBalances |   | SFAS No. 109Applied to U.S.GAAPAdjustments |   |        | U.S. GAAPBalances |  
|Balance sheet:                       |  |                      |           |                                            |                           |            |                   |  |   |                      |   |                                            |   |        |                   |   |         |   |  |   |         |  
|Current deferred tax assets          |  | ¥                    | 1,999,429 |                                            | ¥                         | 135,075    |                   |  | ¥ | 2,134,504            |   |                                            | $ | 20,196 |                   | $ | 1,364   |   |  | $ | 21,560  |  
|Non-current deferred tax assets      |  |                      | 554,468   |                                            |                           | 352,384    |                   |  |   | 906,852              |   |                                            |   | 5,601  |                   |   | 3,559   |   |  |   | 9,160   |  
|Non-current deferred tax liabilities |  |                      |           |                                            |                           | (1,054,287 | )                 |  |   | (1,054,287           | ) |                                            |   |        |                   |   | (10,648 | ) |  |   | (10,648 | )
|                                     |  |                      |           |                                            |                           |            |                   |  |   |                      |   |                                            |   |        |                   |   |         |   |  |   |         |  
|Net deferred tax assets              |  | ¥                    | 2,553,897 |                                            | ¥                         | (566,828   | )                 |  | ¥ | 1,987,069            |   |                                            | $ | 25,797 |                   | $ | (5,725  | ) |  | $ | 20,072  |  
|                                     |  |                      |           |                                            |                           |            |                   |  |   |                      |   |                                            |   |        |                   |   |         |   |  |   |         |  



|                                     |  |                      |           |                                            |   |            |                   |  |   |            |  
|------------------------------------ |  | -------------------- | --------- | ------------------------------------------ | - | ---------- | ----------------- |  | - | ---------- | -
|                                     |  | Thousands of Yen     |          
|                                     |  | 2008                 |          
|                                     |  | JapaneseGAAPBalances |           | SFAS No. 109Applied to U.S.GAAPAdjustments |   |            | U.S. GAAPBalances | 
|Balance sheet:                       |  |                      |           |                                            |   |            |                   |  |   |            |  
|Current deferred tax assets          |  | ¥                    | 1,945,313 |                                            | ¥ | 28,039     |                   |  | ¥ | 1,973,352  |  
|Non-current deferred tax assets      |  |                      | 553,341   |                                            |   | 715,165    |                   |  |   | 1,268,506  |  
|Non-current deferred tax liabilities |  |                      |           |                                            |   | (2,236,102 | )                 |  |   | (2,236,102 | )
|                                     |  |                      |           |                                            |   |            |                   |  |   |            |  
|Net deferred tax assets              |  | ¥                    | 2,498,654 |                                            | ¥ | (1,492,898 | )                 |  | ¥ | 1,005,756  |  
|                                     |  |                      |           |                                            |   |            |                   |  |   |            |  



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| | i. | Cash and Cash Equivalents
| | -- | -------------------------

In accordance with Japanese GAAP, the Groups cash and cash equivalents consist of short-term investments that are readily convertible into cash and that are exposed to insignificant risk of changes in value. Cash equivalents include
time deposits and benefit bonds of securities investment trusts, all of which mature or become due within three months of the date of acquisition. The Group also considers being cash equivalents a restricted cash deposit of ¥13,641 thousand
($138 thousand) as of March 31, 2009 and ¥13,641 thousand as of March 31, 2008, which is to be used to buy back its own shares.

Under U.S. GAAP, cash equivalents are defined as short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant
risk of changes in value because of changes in interest rates. Additionally, restricted cash should be disclosed separately from cash and cash equivalents on the face of the balance sheet and should not be included in the cash total in the statement
of cash flows.

The Group has presented the balance of the restricted cash deposit as an investing activity in the consolidated
statements of cash flows as of March 31, 2009 and 2008 for U.S. GAAP reporting purposes.

The following table represents
the Groups condensed consolidated information related to the statement of cash flows for the years ended March 31, 2009, 2008 and 2007:



|                                                     |  |                  |            |   |                          |   |            |      |  |   |            |   |  |   |         |  
|---------------------------------------------------- |  | ---------------- | ---------- | - | ------------------------ | - | ---------- | ---- |  | - | ---------- | - |  | - | ------- | -
|                                                     |  | Thousands of Yen |            |   | Thousands ofU.S. Dollars |  
|                                                     |  | 2009             |            |   | 2008                     |   |            | 2007 |  |   | 2009       |  
|Net cash provided by operating activities            |  | ¥                | 4,301,470  |   |                          | ¥ | 3,949,163  |      |  | ¥ | 4,081,828  |   |  | $ | 43,449  |  
|Net cash (used in) provided by investing activities  |  |                  | (2,100,437 | ) |                          |   | (496,081   | )    |  |   | 171,050    |   |  |   | (21,217 | )
|Net cash used in financing activities                |  |                  | (2,574,422 | ) |                          |   | (3,361,149 | )    |  |   | (4,502,284 | ) |  |   | (26,004 | )
|                                                     |  |                  |            |   |                          |   |            |      |  |   |            |   |  |   |         |  
|Net (decrease) increase in cash and cash equivalents |  |                  | (373,389   | ) |                          |   | 91,933     |      |  |   | (249,406   | ) |  |   | (3,772  | )
|Cash and cash equivalents at beginning of year       |  |                  | 8,609,000  |   |                          |   | 8,517,067  |      |  |   | 8,766,473  |   |  |   | 86,960  |  
|                                                     |  |                  |            |   |                          |   |            |      |  |   |            |   |  |   |         |  
|Cash and cash equivalents at end of year             |  | ¥                | 8,235,611  |   |                          | ¥ | 8,609,000  |      |  | ¥ | 8,517,067  |   |  | $ | 83,188  |  
|                                                     |  |                  |            |   |                          |   |            |      |  |   |            |   |  |   |         |  



| | j. | Recent Accounting Pronouncements to Be Adopted in Future Periods
| | -- | ----------------------------------------------------------------

U.S. GAAP

In July 2006, the FASB released FASB Interpretation (FIN) No. 48, Accounting for Uncertainty in Income Taxesan Interpretation of FASB Statement No. 109. The Interpretation clarifies the accounting for
uncertainty in income taxes recognized in an enterprises financial statements in accordance with SFAS No. 109, Accounting for Income Taxes. FIN No. 48 prescribes a recognition threshold and measurement attribute for the
financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. It also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and
transition. In February 2008, the FASB issued FASB Staff Position (FSP) FIN No. 48-2, Effective Date of FASB Interpretation No. 48 for Certain Nonpublic Enterprises. This FSP defers the effective date of FIN
No. 48 for nonpublic enterprises to annual financial statements for fiscal years beginning after December 15, 2007. In December 2008, the FASB issued FSP FIN No. 48-3, Effective Date of FASB Interpretation No. 48 for
Certain Nonpublic Enterprises. This FSP defers the effective date of FIN No. 48 for certain nonpublic entities including nonpublic not-for-profit organizations to the annual financial statements for fiscal years beginning after
December 15, 2008. The Company is currently evaluating the potential impact from adopting FIN No. 48 on its consolidated financial position and consolidated results of operations.

In December 2007, the FASB issued SFAS No. 141 (revised 2007), Business Combinations (SFAS No. 141(R)).
SFAS No. 141(R) establishes principles and requirements for the reporting entity in a business combination, including recognition and measurement in the financial statements of the identifiable assets acquired, the liabilities assumed, and any
noncontrolling interest in the acquiree. This statement also establishes disclosure requirements to enable financial statement users to evaluate the nature and financial effects of the business combination. SFAS No. 141(R) applies prospectively
to business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2008, and interim periods within those fiscal years. The Company is currently
evaluating the potential impact from adopting SFAS No. 141(R) on its consolidated financial position and results of operations.

In December 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statementsamendment of Accounting Research Bulletin No. 51. SFAS No. 160 establishes accounting and
reporting standards for ownership interests in subsidiaries held by parties other than the parent, changes in a parents ownership of a noncontrolling interest, calculation and disclosure of the consolidated net income attributable to the
parent and the noncontrolling interest, changes in a parents ownership interest while the parent retains its controlling financial interest and fair value measurement of any retained noncontrolling equity investment. SFAS No. 160 is
effective for financial statements



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---

issued for fiscal years beginning after December 15, 2008, and interim periods within
those fiscal years. Early adoption is prohibited. The Company is currently evaluating the potential impact from adopting SFAS No. 160 on its consolidated financial position and results of operations.

In May 2009, the FASB issued SFAS No. 165, Subsequent Events. SFAS No. 165 distinguishes between the date that the
financial statements are issued from the date that the financial statements are available to be issued and requires that the disclosure identify the date through which an entity has evaluated subsequent events on that basis. This disclosure should
highlight that an entity has not evaluated subsequent events after that date. SFAS No. 165 is effective for interim or annual financial periods ending after June 15, 2009. The Company does not expect its adoption will have a material
impact on its financial position and results of operations.

In June 2009, the FASB issued SFAS No. 168, The FASB
Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles, a replacement of FASB Statement No. 162. SFAS No. 168 establishes the Codification as the source of authoritative GAAP recognized by the
FASB to be applied by nongovernmental entities. Following this Statement, the board of directors will not issue new standards in the form of Statements, FSPs, or Emerging Issues Task Force (EITF) Abstracts. Instead, it will issue
Accounting Standards Updates. All guidance contained in the Codification carries an equal level of authority. The GAAP hierarchy will be modified to include only two levels of GAAP: authoritative and nonauthoritative. All nongrandfathered non-SEC
accounting literature not included in the Codification will become nonauthoritative. The Codification and SFAS No. 168 are effective for financial statements issued for interim and annual periods ending after September 15, 2009. The
Company does not expect the Codification and SFAS No. 168 will have a material impact on its financial position and results of operations.

In January 2009, the FASB issued FSP EITF Issue No. 99-20-1, Amendments to the Impairment Guidance of EITF Issue No. 99-20. This FSP amends the impairment guidance in EITF 99-20 to
align it with the impairment guidance in SFAS No. 115, Accounting for Certain Investments in Debt and Equity Securities. This FSP emphasizes that managements judgment should be used as part of the impairment assessment process
and also that management should take into account several qualitative and quantitative factors as part of its assessment. This FSP is effective for interim and annual periods ending after December 15, 2008. The Company is currently evaluating
the impact from adoption of this FSP on its financial position and results of operations.

In April 2009, the FASB staff issued
FSP SFAS No. 142-3, Determination of the Useful Life of Intangible Assets. This FSP amends the factors that should be considered in developing renewal or extension assumptions used to determine the useful life of a recognized
intangible asset under SFAS No. 142, Goodwill and Other Intangible Assets. This FSP is effective for financial statements issued for fiscal years beginning after December 15, 2008, and interim periods within those fiscal years.
The Company is currently evaluating the impact from adoption of this FSP on its financial position and results of operations.

In March 2008, the FASB issued EITF Issue No. 08-3, Accounting by Lessees for Nonrefundable Maintenance Deposits. This EITF applies to the lessees accounting for maintenance deposits paid by the lessee under an
arrangement accounted for as a lease that are refunded only if the lessee performs specified maintenance activities. This EITF concludes that such maintenance deposits shall be accounted for as a deposit asset. This EITF is effective for financial
statements issued for fiscal years beginning after December 15, 2008, and interim periods within those fiscal years. The Company is currently evaluating the potential impact from adopting this EITF on its financial position and results of
operations.

In November 2008, the FASB issued EITF Issue No. 08-6, Equity Method Investment Accounting
Considerations. This EITF clarifies the accounting for certain transactions and impairment considerations involving equity method investments. This EITF is effective in fiscal years beginning on or after December 15, 2008, and interim
periods within those fiscal years. The Company is currently evaluating the potential impact from adopting this EITF on its financial position and results of operations.

Japanese GAAP

In March 2008, the ASBJ issued Accounting
StandardASBJ Statement No. 17, Accounting Standard for Disclosures about Segments of an Enterprise and Related Information, and ASBJ Guidance No. 20, Guidance on Accounting Standard for Disclosures about Segments of
an Enterprise and Related Information. The new standard and related implementation guidance adopt the management approach to determine operating segments. Additionally, the standard and its implementation guidance clarify the aggregation
criteria and the quantitative thresholds to determine the reporting segments and also provide the related disclosure requirements. The standard and its implementation guidance are effective for fiscal years beginning on or after April 1, 2010.
The Company believes that the adoption of ASBJ Statement No. 17 and ASBJ Guidance No. 20 will not have a significant impact on its consolidated financial position and results of operations.



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In March 2008, the ASBJ issued Accounting StandardASBJ Statement No. 18,
Accounting Standard for Asset Retirement Obligations, and ASBJ Guidance No. 21, Guidance on Accounting Standard for Asset Retirement Obligations. The new standard and related implementation guidance clarify the
definition of an asset retirement obligation; describe the accounting treatment that recognizes an asset retirement obligation as a liability and the related asset retirement cost as a tangible fixed asset, as well as the disclosure requirements
related to asset retirement obligations. The standard and its implementation guidance are effective for fiscal years beginning on or after April 1, 2010 although earlier application is permitted. The Company is currently evaluating the
potential impact from adopting ASBJ Statement No. 18 and ASBJ Guidance No. 21 on its consolidated financial position and results of operations.

In July 2008, the ASBJ issued Accounting StandardASBJ Statement No. 19, Partial Amendments to Accounting Standard for Retirement Benefits (Part 3). The standard removed the
allowance to use an average discount rate based on bond yields over a certain period. The standard requires the use of the discount rate prevailing at the period end. The new standard is effective for fiscal years beginning on or after April 1,
2009 although earlier application is permitted. The Company believes that the adoption of ASBJ Statement No. 19 will not have a significant impact on its consolidated financial position and results of operations.

In December 2008, the ASBJ issued Accounting StandardASBJ Statement No. 7, Revised Accounting Standard for Business
Divestitures. The standard prescribes the accounting treatment for corporate divestitures and business transfers for the transferor in order to provide consistency with the revised Accounting Standards of Business Combination. This
standard is applied to corporate divestitures and business transfers which occur on or after April 1, 2010. It is not prohibited to apply this standard for a corporate divestiture or business transfer that occurs during the fiscal year
beginning on or after April 1, 2009. The Company is currently evaluating the potential impact from adopting ASBJ Statement No. 7 on its consolidated statement of financial position and statement of income.

In March 2008, the ASBJ issued Accounting StandardASBJ Statement No. 10, Accounting Standard for Financial Instruments
and ASBJ Implementation Guidance No. 19, Guidance on Disclosures about Fair Value of Financial Instruments. This new standard and related implementation guidance expand the disclosure requirements relating to the fair value
measurements of financial instruments. This standard and implementation guidance are effective for the period ending on or after March 31, 2010. Earlier adoption is permitted. The Company does not expect this standard and implementation
guidance have a material impact on its consolidated statement of financial position and statement of income.

In March 2008,
the ASBJ issued Accounting StandardASBJ Statement No. 16, Accounting Standard for Equity Method of Accounting for Investments and PITF No. 24, Practical Solution on Unification of Accounting Policies Applied to
Associates Accounted for Using the Equity Method. This new standard and PITF require the accounting policies applied by an entity, its subsidiaries and its equity method investees should be consistently. This standard and PITF are applied to
fiscal years beginning on or after April 1, 2010. Earlier adoption is permitted. The Company is currently evaluating the potential impact from adopting ASBJ Statement No. 16 and PITF No. 24 on its consolidated statement of financial
position and statement of income.

In December 2008, the ASBJ issued Accounting StandardASBJ Statement No. 21,
Accounting Standard for Business Combinations. This new standard amends Accounting Standard for Business Combinations (issued in 2003) partially. The amendments include (1) abolishment of pooling of interests method,
(2) measurement date of fair value of shares in a share exchange, (3) determination of the purchase price of the acquired company in a step acquisition, (4) accounting treatment of negative goodwill and (5) accounting in process
research and development costs. The accounting standard is to be applied for business combinations and business divestitures which are performed on or after April 1, 2010. It is not prohibited to apply this standard to the first business
combination or business divestiture occurring during the fiscal years beginning on or after April 1, 2009. The Company is currently evaluating the potential impact from adopting ASBJ Statement No. 21 on its consolidated statement of
financial position and statement of income.

In December 2008, the ASBJ issued Accounting StandardASBJ Statement
No. 22, Accounting Standard for Consolidated Financial Statements. This new standard partially amends the Consolidation Principle issued in 1997 by abolishing the proportionate valuation method which allowed companies to
value only their proportionate share of assets and liabilities in a subsidiary based on the companys interest at fair value at the time of acquisition. This standard requires that companies must measure the total fair value of an entity
including minority interests upon acquisition. This standard applies to business combinations and business divestitures which occur on or after April 1, 2010. Early adoption is permitted. The impact of this accounting standard will depend on
whether the Company will have business combinations in the future.



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