Group Subsidiaries

ICHIYA Co., Ltd. plans a group expansion by M&A, and the improvement of a stable earning capacity.

CONSOLIDATED SUBSIDIARIES

Aoi Investment Partners Tokumei Kumiai Co., Ltd.

Description of Business ： Management of Investment Securities.

*Aoi Investment Partners Tokumei Kumiai Co., Ltd. is a Tokumei Kumiai that ICHIYA invests in. ICHIYA does not have any authority to administrate the affairs of the company. ICHIYA designates Aoi Investment Partners Tokumei Kumiai Co., Ltd. its consolidated subsidiary due to its high contribution in the company and its importance.

EQUITY METHOD AFFILIATE

R T C MANAGEMENT Co., Ltd.

Established ： November, 1999

Description of Business ： Real Estate Business

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Strategic One Limited

Established ： July, 2009

Description of Business ： Restaurant Business

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