Trade Name
   Arai and Associates, Inc.

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Location
   Tokyo Head Office
   Hotel New Otani Business Court 8F, 4-1 Kioi-cho, Chiyoda-ku, Tokyo 102-0094, Japan
   TEL: 03-5210-3000 (switchboard) FAX: 03-5210-3235

    Niigata Branch Office
   2452 Sekikawa, Myoko City, Niigata Prefecture 949-2112
   TEL: 0255-86-3180 (switchboard) FAX: 0255-86-4235

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Established
   July 26, 1980

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Paid-in capital
    90 million yen

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Representative
   Representative Director, Sanoshin Arai

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Description of Business
   Ski resort, hotel business, microbrewery, restaurant, other lodging facilities on consignment, travel business, product manufacturing business, etc.