Concentration of Management Resources Through the Transfer of Shares in 株式会社ビンク

「At a meeting of the Board of Directors held on 20 January 2017, the company resolved to transfer all shares it held in its consolidated subsidiary 株式会社ビンク to the subsidiary's Representative Director and President, Matsumoto Akinori (松本 昭典), and its Executive Vice President and Director, Kuraishi Chinami (倉石 千波). The share transfer was completed on 31 January 2017. 株式会社ビンク provides staffing services centred on funeral ceremony officiating and floral arrangements, and became a consolidated subsidiary in June 2012. Following discussions among 株式会社ビンク, the transferees and our company regarding future business development, the parties agreed to build the business based on independent ideas without being constrained by the capital relationship, while continuing transactions with our company, including floral arrangements. We therefore decided to transfer all shares in 株式会社ビンク held by our company. Our group also intends to pursue further development by concentrating its management resources going forward.」