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Financial Year

The financial year of the Company currently begins on April 1 of each year and ends on March 31 of the following year.

 

Accounting Principles

The accompanying financial statements of the Company are in accordance with the accounting principles generally accepted in Japan.

 

Independent Auditors

Shin Nihon & Co. is the independent auditor of the Company within the meaning of the Certified Public Accountants Law of Japan.

 

Outstanding Bonds and/or Notes (Shasai)

None

 

Subsidiaries and Affiliates

As at March 31, 2004 the Company had 5 subsidiaries which were consolidated. The Company had no other subsidiaries or affiliates.

The following are the Company's consolidated subsidiaries as of March 31, 2004:

Name Issued share
capital
Percentage directly
or indirectly owned
by the Company
Principal business
  (Thousands of Yen) (Percentage)  
K.K. Denpachi 480,000 100.0% Other food services (Japanese food restaurant business)
K.K. Den Hoken 30,000 100.0% Other (insurance agency business)
K.K. Kourakuen Associate Tokyo 50,000 100.0% Ramen (franchisee development and training business)
K.K. Value Line 50,000 100.0% Other (construction supervision business)
K.K. Screen 50,000 100.0% Other (advertisement agency business)
 
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