Seiichiro Wada

Music Securities Co., Ltd. engages in securitization business for intellectual property rights and music business. Its operations are carried out through two businesses: Securitization and Music. The Securitization business engages in micro-investment platform business, fund business and fund distribution business. The Music business engages in record label, copyright management and artist management businesses. The company was founded by Masami Komatsu on December 28, 2000 and is headquartered in Tokyo, Japan.

Hakuhodo, Inc. engages in the management and operation of advertising agencies. It provides strategic planning, customer marketing, creatives, corporate communications, and research services. The company was founded by Hironao Seki on October 6, 1895 and is headquartered in Tokyo, Japan.