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.
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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. 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
7. Business Support Outlook Marketing Support Alliance Support Human Resources Support Back office Support Support for Business Planning Financials Support
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. 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
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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. 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. 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.
