Financial advisory work related to the transfer of the logistics business of REDU Logistics, a subsidiary of Renown Incorporated, to MIT Corporate Advisory Services, a company set up for fund management.

Financial advisory work related to exchanges of shares to make Juroku Bank a full parent company and Gifu Bank its wholly owned subsidiary, as well as a \30 billion third-allocation of (preferred) shares by the Bank of Tokyo Mitsubishi UFJ.

Financial advisory work related to the exchange of shares making Kirin Holdings the parent company and whole owner of Mercian.

Financial advisory work related to the establishment of a lease-related joint venture between Sumitomo Mitsui Finance and Leasing and Sony.

Financial advisory work related to the sale (by bid) of all shares of Hakuto Information Technology, a wholly-owned subsidiary of Hakuto Co., Ltd., to Argo Graphics.