Our expansion into the disclosure business

Following the appointment of Morio Ueno as President, the Company embarked upon a series of innovations that created its present business base. The first step was the Company's advancement into the business of company documents required by the Commercial Code (the current Companies Act). At that time, most of the Company's clients were the general affairs departments of listed companies who commissioned the printing of securities certificates. Through this relationship, the Company also received some orders for documents for general shareholders' meetings. In the late 1970s and early 80s, following the Company's publication of a practical stock information magazine and working-level stock-related seminars, orders for the production of general shareholders' meeting convocation notices and annual reports rapidly grew.

As its next step, through the process of formulating its vision for the future, the Company planned its move into the area of documents related to the Securities and Exchange Act of Japan (currently the Financial Instruments and Exchange Act) as a field of growth outside that of documents required by the Commercial Code. Founded on this new business concept, the Company publicized its "Disclosure Business Declaration" in 1985. For all intents and purposes, this moment marked the Company's "second founding." The Company widened its scope of products, to include securities reports for the disclosure of account settlement, listing applications for IPOs, and investment trust documentation.

To speed up this new business development, the Company set up a nationwide network of sales offices and took a series of bold new steps. It changed its status from an over-the-counter company to a company with stock listed in the Second Section of the Tokyo Stock Exchange, then eventually listed them in the First Section (its current listing). It launched the Disclosure Practice Study Group to provide practical information about disclosure to clients. It began IPO seminars and set up an organization to give advice on documents relating to investment trusts. It advanced into the legal notice field.

This was the time of the "Big Bang" deregulation of Japan's capital markets, when foreign financial institutions and investment trust firms made inroads and expanded their sales operations. The business environment underwent great changes and there was an IPO boom. As a result, the Company's sales rapidly increased as its traditional clients from the general affairs departments of listed companies were joined by companies preparing for IPOs, accounting departments, investment trust management companies and others.

Advancement into the Commercial Code field (the current Companies Act)

1978 Strengthens sales force and consulting services for the printing of documents required by the Commercial Code of Japan
1978	Publishes Kabushiki Jitsumu no Shiori (Stock Practice Handbook) and Soudan-shitsu Dayori (News From the Counseling Rooms) → Becomes a pioneer in information services
1981 Overhaul of the Commercial Code → moves to ban corporate extortionists from stockholders' meetings → Greater need for legality from the standpoint of risk management → Expansion in orders for convocation notices and business reports → A reduction in orders for securities certificates with the introduction of the unit share system
1983	Start of Commercial Code and Securities and Exchange Act seminars
1983	Joins the NPS Management Institute to enhance its quality and productivity

Advances into the Securities and Exchange Act field (currently the Financial Instruments and Exchange Act field)

1984	Receives initial order for stock listing application documents (Securities and Exchange Act documents)
1985	Receives initial order for a securities report (Securities and Exchange Act document)
1985	"Disclosure Business Declaration" issued
1988	Publishes guidelines for applications for stock listing (Section Ⅱ)
1988	Enhancement of Commercial Code and Securities and Exchange Act seminars

Advancement into the investor relations (IR) field

1988	Begins involvement in IR business
1988	Begins the integrated production of business reports, company brochures and videos for IPO ventures
1989 The new stock listing rush (an IPO boom)
1990	Starts stock offering seminars → Expansion of IPO support and consulting services
1991 Conference for Securities Association releases IR Katsudou no Sokushin ni Tsuite (The Promotion of IR)
1993 Japan Investor Relations Association inaugurated
1990s	Improves and expands sales structures in readiness for stock offering
1990s	Sets up a network of branches and sales offices throughout Japan
1994	Registers as an OTC stock
1996	Lists on the Second Section of the Tokyo Stock Exchange
1992	Advances into the legal notice and IR advertisement fields
1995	Starts the "Stock listing application document-writing workshop"
1996	Begins publication of the Kabushiki Koukai Hakusho (White Paper on Share Offerings)
1996	Holds share-offering intensive seminars throughout Japan
From 1996 "Big Bang" deregulation of Japan's financial markets

Advancement into the investment trust field