[2006-06-01]

Index Corporation becomes `Index Holdings`
Holding company structure and new `Index Corporation` established

On June 1, 2006 Index Corporation became “Index Holdings” (President: Yoshimi Ogawa, Head Office: Tokyo) as part of its ongoing transition into a holding company structure. Index Holdings will assume and maintain the former Index Corporation’s publicly listed status and a new Index Corporation has been established.

The former Index Corporation (Hereinafter: Index Holdings) has been providing content for the mobile Internet since NTT DoCoMo launched its i-mode service in 1999, and the Index Group has continued to keep pace with advancing mobile developments. Group services today extend beyond the entertainment field (mobile wallpapers, ringtones, games, etc.) to include an expanding range of marketing and service solutions that capitalize on the latest mobile technologies.

Group expansion has been driven through progressive capital and business alliances with a variety of partners that span across Japan, Europe, China, and North America. Index Holdings is now creating a corporate structure that will maximize the value of the Group’s varied content licenses, in addition to its mobile, broadband, commerce, publishing, and entertainment capabilities.

Consolidated sales for the 2006 Fiscal Year are forecast for 110,000 million yen, nearly 100,000 million yen comes from Index Group companies, which have been strengthening management foundations and building upon growth strategies. Looking forward, Index Holdings will continue to ambitiously pursue Group objectives through the following measures:

(1) Unifying Group strategy and optimizing resource distribution
Index Holdings will specialize in the strategic management of Group companies, and capitalize on each of their distinct values, to optimize resource distribution, and maximize Group management resources.

(2) Flexible Group management
Index Group business will be categorized into “units,” which are delegated with suitable authority to advance business activity. Business units will be able to quickly and flexibly respond to changing customer needs, and form valuable strategic alliances, which includes cooperative services with Group companies that capitalize on internal Group synergies.

(3) Strengthening Corporate Governance
The Index Holdings structure will secure greater stability, efficiency, and transparency for the entire Index Group. Group management will focus on strengthening and improving corporate governance, compliance with internal control systems, and maintaining Group value.


Index Holdings (www.index-hd.com)
(1) Company Name: Index Holdings
(2) Business Overview: Directing and managing the business
activities of Index Group companies
(3) Head Office: 4-1-1 Taishido
Setagaya-ku, Tokyo
(4) Representative: President, Yoshimi Ogawa
(5) Board of Directors: Chairman, Masami Ochiai
President, Yoshimi Ogawa
Executive Vice President,
Susumu Tsubaki
Senior Managing Director
Kazutoshi Watanabe

Director
Toshifumi Senda
Yukimasa Murakami
Yozo Omori
Atsushi Hori



Absentee Director
Haruo Matsumoto
Hajime Tanabe
Hiroyuki Konishi
Ryuichi Mori
Masao Nito
(6) Capital: 36,027 million yen (as of June 2006)
(7) Fiscal Year End: August 31


Index Corporation (www.indexweb.co.jp)
(1) Company Name: Index Corporation
(2) Business Overview: Expanding media service enterprises
through links between mobile and a wide
range of content and solutions.
(3) Head Office: 4-1-1 Taishido
Setagaya-ku, Tokyo
(4) Board of Directors: President, Yoshimi Ogawa
Director, Yozo Omori
Director, Kazutoshi Watanabe
(5) Capital: 100 million yen (as of June 2006)