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  1. 1. Corporate Rehabilitation Fund -Japan Format- -Draft- May, 2004 NIC Corporation
  2. 2. The Background of Establishment   Japanese economy has been experiencing an unprecedented recession, and more than ten years have already passed. Financial institutions suffered from the recession seriously. Especially banks, who are to support the mainstay of Japanese economy, exhausted and could not support the corporate sector any longer. Under the circumstances some financial institutions and corporations started forming corporate rehabilitation funds as new business seeds. The funds have supported such corporations with financial difficulties and have been generating certain positive result so far.   We, NIC Corporation, want to establish our Corporate Rehabilitation Fund - Japan Format – (“the Fund” hereafter), which is not based on, or even beyond the framework of conventional corporate rehabilitation funds. The Fund aims to utilize NIC’s business network resources, i.e. the cross-industrial business network, for any corporation completing the rehabilitation plan to develop their business basis effectively. With this scheme, the Fund can offer financial support as well as business development support at the same time. The rehabilitation, therefore, becomes more reliable, which can result in attractive dividend distribution to fund equity participants.
  3. 3. Purpose of The Fund <ul><li>Rehabilitation of corporations with financial difficulties, despite outstanding technology, by offering comprehensive support for financials and business development. </li></ul>3. Activation of the rehabilitated corporation and sound corporation, which can lead to an attractive investment return to fund equity participants. 2. Any alliance between a rehabilitated corporation and a sound corporation, which can even enhance business development of the sound corporation.
  4. 4. Target of The Fund Any corporation whose future is prospective and having understanding by the prime correspondent bank on its rehabilitation even with current financial difficulties.
  5. 5. Outline of The Fund 30% of capital gain Incentive Fee NIC Corporation GP Corporations whose future are prospective and having an understanding by the prime correspondent bank on its rehabilitation even with current financial difficulties. Target 10 years [3-years expansion is possible.] Fund Term 2% Annual Fee Not decided Payment Period Maximum of 15 billion yen Total Fund Size Corporate Rehabilitation Fund - Japan Format - Fund Name
  6. 6. Investment Steps Examination Exit Incubation Finding
  7. 7. Business Support Outlook Marketing Support Alliance Support Human Resources Support Back office Support Support for Business Planning Financials Support
  8. 8. Corporate Information Corporate Name: NIC Corporation Address: 3-25-19 Chikusa, Chikusa-ku, Nagoya-shi, Aichi-Pref., Japan President: Teruo Nishikawa Foundation Date: January 12, 2001 Capital: 350 million yen Tel: 8152-744-5371 Fax: 8152-744-5351
  9. 9. NIC Corporation Board Members Chairman President Director Director Director Director Director Director Director Auditor Jiro Takaoka Teruo Nishikawa Akimasa Imoto Yasuyuki Ohara Shoichi Okajima Kazuo Shiroki Shigeo Taki Junichi Nonokawa Tameyuki Furukawa Michiaki Nishiura Tohmatsu & Co.,   Adviser NISHIKAWA   Printing Co.,Ltd., President Imoto Co. Ltd., President Tsuchiya Co. Ltd., President EIDEN Co.Ltd. President SHIROKI Co.Ltd. , President Takihyo Co. Ltd.. President Nippon Menard Cosmetic Co. Ltd , President Chubunihonkurabukaikan,Co.Ltd, President Attax consulting Group, Representative Partner
  10. 10. NIC Corporation Fund No.1 Major Equity Holders   <ul><li>Toyota Motor Corporation </li></ul><ul><li>Attax consulting Group </li></ul><ul><li>EIDEN Co.,Ltd </li></ul><ul><li>SHIROKI Co.,Ltd. </li></ul><ul><li>Tsuchiya Co., Ltd </li></ul><ul><li>NISHIKAWA   Printing Co.,Ltd. </li></ul><ul><li>Nippon Menard Cosmetic Co., Ltd </li></ul>The 2nd largest automotive manufacturer in the world, having more than 40 percent of domestic market share. The professional group who supports management and venture businesses. Large-scale retailer of home electric appliances, OA information communication apparatus and related goods Wholesaler of printing paper, information paper and functional paper General trading company which focuses on chemical products. Printing company with 100-years history. Manufacturer of cosmetics and a unregulated drug, etc.
  11. 11. NIC Corporation Fund   No.2 Major Equity Holders   <ul><li>AMEMIYA Co., Ltd. </li></ul><ul><li>KITAGAWA Co., Ltd. </li></ul><ul><li>Takihyo Co., Ltd. </li></ul><ul><li>CHUBU Electric Power Co.,Inc </li></ul><ul><li>Toshinjyuken.Co.Ltd </li></ul><ul><li>MEIKO TRANS CO.,LTD </li></ul>Building maintenance service provider, e.g. harmful animal extermination, FRP waterproofing, floor environmental improvement Manufacturer of electromagnetic-wave related materials, engineering plastic parts, etc. Textile wholesaler and apparel manufacturer, founded in the middle of Edo-era. The 3rd largest electric power company in Japan. Real estate company Marine transportation company located at Nagoya Habor.
  12. 12. NIC Corporation Fund   No.3 Major Equity Holders   <ul><li>MEDICAL & BIOLOGICAL LABORATORIES CO.,LTD </li></ul><ul><li>Brother Industries, Ltd. </li></ul><ul><li>MARUYASU INDUSTRIES CO.,LTD. </li></ul>Developer of clinical inspection medicine and reagent for basic research Manufacturer of OA equipment, communication apparatus, home appliances, etc Manufacturer of piping parts, such as a FUYUERU brake, EGR air conditioner and a FUYUERU rail
  13. 13. NIC Corporation   About Us We are the independent VC whose founders are business corporations. Our vision is to create new industries. We actively support incubations .    Networking among business corporations, VC and authorities we maximize the value of incubations.
  14. 14. NIC Corporation Note Number of Companies Invested: 21 Amount Already Invested: approx. 590 million yen ■ The no. 1 New Industry Creation Fund     1 billion yen ■ The no. 2 New Industry Creation Fund   350 million yen ■ The no. 3 New Industry Creation Fund   210 million yen   Funds under Management F u n d S i z e
  15. 15. Risk Information There are risks involved with investments by a venture capital enterprise. Therefore, there is no security if investments are successful. Moreover, the Fund does not ensure any fixed-income type of returns.