Business Summary. Accretive Co., Ltd. Tokyo Stock Exchange 1 st Section Code : Copyrights 2014 Accretive Co., Ltd. all rights reserved.

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1 Business Summary Accretive Co., Ltd. Tokyo Stock Exchange 1 st Section Code :

2 1.Service Contents Service ( FPS ) of Accounts Receivables Accretive allows for the factoring of accounts receivable so that we can meet the cash flow needs of the individual suppliers (many companies from variety of industries). In addition to accounts receivable, factoring may likewise be made toward medical receivables, nursing care receivables, etc. Flex Service ( FPS ) Outsourcing Services Accounting and Processing Services Accretive takes care of all accounting and payment processing services, such as electronic slip entry, cross-referencing work, and other time-consuming accounting work, as well as cumbersome bank transfers handled by many of the suppliers. + Outsourcing Outsourcing Tailored Financial Services Accretive offers a mixture of services with benefits that both the paying companies and the suppliers are able to enjoy. Broad Array of Financial Services Offered Accretive provides tailored financial services that match the needs of our individual clients. 1

Flex Service ( FPS ) Outsourcing Services Accounting and Processing Services Accretive takes care of all accounting and payment processing services, such as electronic slip entry, cross-referencing

3 2. Business Model Paying Company Benefit Paying Company Reduction of Indirect Cost Outsourcing allows large-scale cost reduction. Outsourced Accounting Services Made in Cash X Days Later (As Usual) Support to Supplier By providing financial support to the supplier, the paying company can bolster its ability to stock up. Delivery and Billing Uniformity and Extension of Period This allows the paying company to secure new avenues of funding as well as bolster its financial standing. Benefit (Tailored Service) Agent (As Usual) Improvement of Cash Flow This enables the supplier to control its own cash flow. (many companies from variety of industries) Reduction in Stock Expenses The supplier is able to use the funds received from factoring to purchase stock at more reasonable prices. Sales Growth This improves the efficiency of fund use and turnover rate. 2

Delivery and Billing Uniformity and Extension of Period This allows the paying company to secure new avenues of funding as well as bolster its financial standing.

4 3. Characteristics of Accretive s Services: Service Positioning Service Characteristics Service Positioning Accretive: Specializes in Small-Scale Credit Accretive is able to meet the needs of small and midsized companies who have suppliers receiving many small payments and have cumbersome accounting work. (Size of Paying Company) Large Company Banks, Credit Companies, and Leasing Companies: Specialize in Large-Scale Credit These institutions specialize in transactions with large companies, and shy away from factoring with suppliers receiving small payment transactions. Small-Scale Credit Credit and Leasing Companies Banks Large-Scale Credit Consequently, there are no companies like Accretive offering mixed services that including small-scale credit and outsourcing services. Small and Mid-sized Companies 3

(Size of Paying Company) Large Company Banks, Credit Companies, and Leasing Companies: Specialize in Large-Scale Credit These institutions specialize in transactions with large companies, and shy

5 4. Service Implementation Chart: Outsourcing of Securing Accounts Payable + Prior to Service Implementation Post Service Implementation Slip Input 2 million slips/mo. Don Quijote Co.,Ltd. Recording of Accounts Payable 300 billion JPY/Mo payments/mo. Issues processing was cumbersome and massive Secure Accounts Payable + Don Quijote Co.,Ltd. Outsourcing of Accounting Lump payments made on Deadline Solution Cut costs by fully outsourcing payment processing Concentrate human resources on core business operations Delivery Billing (2-month delayed) Slip Input 2 million slips/mo. Recording of Accounts Payable 300 billion JPY/Mo payments/mo. (Tailored Service) Agent (As Usual) Solution Approximately 3,000 firms Issues Temporary risk of fund shortage accompanying extended days sales outstanding Approximately 3,000 firms A large-scale payment collection period shortens the DSO The company is able to control cash flow on its own 4

Outsourcing of Accounting Lump payments made on Deadline Solution Cut costs by fully outsourcing payment processing Concentrate human resources on core business operations Delivery Billing (2-month

6 5. Service Implementation Chart: Notes Payable Reduced+ Agent Outsourcing + Prior to Service Implementation Post Service Implementation IZUTSUYA 3000 payments/mo. Issues The payment date and period are different for each supplier The supplier bears the clerical work and cost of notes payable Reduce Notes Payable + Agent + IZUTSUYA Reduce Notes Payable + Agent Outsourcing Lump s Made on Deadline Solution Cost reduction by cutting notes payable Work efficiency improved by centralizing payment administration Transparent cash flow becomes the key to financial planning Delivery Billing and Drawing Notes Payable 3000 payments/mo. Issues (Tailored Service) Agent (As Usual) Solution Approximately 3,000 firms Aggravated cash flow accompanying extended days sales outstanding Risk of redemption claims for lost or stolen notes payable Approximately 3,000 firms A large-scale payment collection period shortens the DSO The company is able to control cash flow on its own 5

Outsourcing Lump s Made on Deadline Solution Cost reduction by cutting notes payable Work efficiency improved by centralizing payment administration Transparent cash flow becomes the key to financial

7 6.Accretive s Profile Company Name Headquarter Established Paid-in Capital Number of Shares Issued Settlement Date President & CEO Employees Main Bank Main Clients Volume Operating Revenue Branch Subsidiaries Accretive Co., Ltd Minamiyawata Ichikawa City Chiba Japan May 17,1999 1,224 million JPY (as of February 1, 2014) 43,427,500 (as of February 1, 2014) March 31 Toru Mukai 64 (Part-timers 142) Mizuho Bank, Sumitomo Mitsui Banking Corporation, Resona Bank etc. Discount Store, Department Store, Mail Order Sales Company, Supermarket, Manufacturers etc. 138,626 million JPY (as of FY ended March, 2013) 2,807 million JPY (as of FY ended March, 2013) Shinkawa Office Shinkawa Chuo-ku Tokyo Japan Motoyawata Office Minamiyawata Ichikawa City Chiba Japan Kumamoto OSC 9-24 Hanabata-cho Kumamoto City Kumamoto Japan Medical Corporation Accretive Medical Service Co., Ltd. Sun Assort Co., Ltd. Accretive (Thailand) Co., Ltd. Accretive Holdings (Thailand) Co., Ltd. Accretive Service (Cambodia) Co., Ltd. 6

4-9-1 Minamiyawata Ichikawa City Chiba 272-0023 Japan May 17,1999 1,224 million JPY (as of February 1, 2014) 43,427,500 (as of February 1, 2014) March 31 Toru Mukai 64 (Part-timers 142) Mizuho Bank,

8 Contact Accretive Co., Ltd. TEL

(Code number: 6971, The First Section of the Tokyo Stock Exchange, The First Section of the Osaka Securities Exchange)

January 21, 2008 To All Persons Concerned Name of Company Listed: Name of Representative: Person for inquiry: Kyocera Corporation Makoto Kawamura, President and Director (Code number: 6971, The First Section