Copyright 2014 Bit-isle Inc. All Rights Reserved
Business Overview
Bit-isle Inc.(TSE: 3811)March, 2014
1
Copyright 2014 Bit-isle Inc. All Rights Reserved
Company Profile
2
Corporate name Bit-isle Inc.Head office 2-5-5 Higashi Shinagawa, Shinagawa-ku, TokyoEstablished June 14, 2000Capital 3,492 million yen (as of January, 2014)
Directors
Kohei Terada, President CEONobuyuki Amano, Vice President COOTakuya Ando,CTOHideo Fukai, General Manager of AdministativeDivisionKunitake Ando(external)
Auditors
Norio Yoshihara (standing)Tetsu Takahashi(external)Soumitsu Takehara(external)Keiichiro Hashimoto(external)
Number of employees
415(consolidated), 140 (non-consolidated) (as of January,2014)
Number of shares issued 35,530,565 shares (as of January,2014)
Major shareholders
・Terrada Warehouse Company (14.7%)・Kohei Terada (11.6%)・Information Services International-Dentsu, Ltd. (9.4%)(note)As of January,2014.Figures in parentheses are shareholding ratios.
Corporate philosophy
To become a company that helps customers realize their dreams
With our peerless services and technical expertise, we support the IT service field with stability and
security. Our aim is to support customers realize their dreams with our Integrated IT Outsourcing enterprise.
Subsidiary(6companies)
Bit-surf Inc.SiteROCK K.K.TERRAS Co., Ltd.SETA International Co., Ltd.AXLBIT Inc.Terra Power Co.,Ltd.
Copyright 2014 Bit-isle Inc. All Rights Reserved 3
History
July 2013
June 2000
March 2001
February 2006
July 2006
August 2006
November 2006
September 2007
February 2009
December 2010
June 2011
August 2012
February 2013
Listed in TSE 1st section
Bit-isle Inc. established
Bit-surf Inc. established
Listed in Hercules of OSE(current JASDAQ)
Terras Co., Ltd. becomes a subsidiary
siteROCK K.K. becomes a subsidiary
Osaka Datacenter set up
4th Datacenter set up
3rd Datacenter A-building set up
2nd Datacenter set up
1st Datacenter set up
3rd Datacenter B-building set up
Hiroshima mega solar began operation
2006/8 第2データセンター開設2006/11 第3データセンターA棟開設2006/8 第2データセンター開設2006/11 第3データセンターA棟開設
Mar.,2001 1st DatacenterMar.,2001 1st Datacenter
Aug.,2006 2nd Datacenter Nov.,2006 3rd Datacenter -A buildingAug.,2006 2nd Datacenter Nov.,2006 3rd Datacenter -A building
Feb.,2009 4th DatacenterFeb.,2009 4th Datacenter
Jue.,2011 Osaka DatacenterJue.,2011 Osaka Datacenter
Aug.,2012 3rd Datacenter-B buildingAug.,2012 3rd Datacenter-B building(Net sales: million yen)
Net sales, Number of racks in operation
(racks)
※FY2001/7 to FY2003/7 and FY2006/7 is non-consolidated
Net sales Number of racks in operation
Copyright 2014 Bit-isle Inc. All Rights Reserved
About the Data Center
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Feature 1 Location & ScaleOur Bit-isle's data centers located in Tokyo (Shinagawa-ku, Bunkyo-ku) and Osaka (Chuo-ku, Osaka-shi) are not only accessible butalso scalable.
Feature 2 Facilities (Electricity, air conditioning etc.)At Data Center 4, many server units can provide 6kVA per rack,leading to TCO* reduction.* TCO (Total Cost of Ownership): total cost of computer & systemintroduction, maintenance, management etc.
Feature 3 NetworkThe backbone of Bit-isle is using the multi-homing method byconnecting multi ISP and BGP*. It makes offering a stable Internetenvironment possible by using every line of more than 10 Gbps,including JPIX, JPNAP etc..* BGP (Border Gateway Protocol): the protocol which is used for theconnection devices to exchange routing decisions between networks
Feature 4 SecuritySecurity is guaranteed by a 24 hours a day, 365 days a yearmonitoring system of reception staff and resident operators, and anentrance/exit management system of ITV monitoring cameras, ICcards, and vein authentication.※ITV monitoring camera...a television system used for security andmonitoring
Feature 5 A people-friendly Data CenterBit-isle prioritizes those who use the data centers, and thus providesvarious amenity services, such as massage chairs in the salon etc..
Internet Data Center Operating 24 hours
a day, 365 days a year
Reducing costsby sharing facilities
Saving energythrough efficient air-conditioning etc.
per rackfor 20~30 server units
Electrical Equipment
Earthquakeresistants Monitoring
Private electronic Generator Security Operation
Server Room
Rack
Server
A room forsetting up the
racks
Something to store servers in;
similar to a locker
Buyer
Product PaymentGroupwareCustomerManagementSalesManagementCloudetc.
Shopping site Online tradeBtoC BtoB
Copyright 2014 Bit-isle Inc. All Rights Reserved
Location
Closer to IX and easier to recruit engineers
IX is concentrated in Otemachi, Tokyo. Internet-based customer response is quick and communication costs are low. In Tokyo, it is easier to recruit engineers with
sophisticated skills.
Around Tokyo
72%
Excellent location close to customers
In open systems, customers are able to receive support quickly from any customers and any vendors.
Source: Fuji Chimera Research Institute, Inc. 2014
Partner DCOwn DC
Tokyo
Osaka DatacenterSet up:Jun.,2011
ShinagawaSet up:(1stDC)Mar.,2001
(2ndDC)Aug.,2006(3rdDC-A)Nov.,2006(3rdDC-B)Aug.,2012
Capacity:3,628racksTotal area:19,300㎡
BunkyoSet up:(4thDC)Feb.,2009Capacity: 2,378racksTotal area: 16,500㎡
Set up:(5thDC)Nov.,2014
Hiroshima Mega SolarSet up: section 1:Feb.,2013
section2:Jul.,2013
Data center market in Japan by region
Capacity:1,400racks(Plan)
Total area: 7,680㎡
5
HanoiOffshore development center
65%
35%
AroundTokyo
Others
Copyright 2014 Bit-isle Inc. All Rights Reserved
Market environment in Japan
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•Advancement and diversification of devices•Increase in the number of servers per service due to the rapid dissemination of high-capacity digital content•Tighter information management of companies and social demand for environmental measures, etc.
The size of IT outsourcing market in Japan will be 3.29 trillion yen
in 2017.
The size of data center market in Japan will be 1.28 trillion yen
in 2017.
2.702.81
2.963.10 3.14 3.20 3.25 3.29
2010 2011 2012 2013 2014 2015 2016 2017
0.78 0.84
0.91 0.99
1.06 1.13
1.21 1.28
2010 2011 2012 2013 2014 2015 2016 2017
Source: Compiled from International Data Corporation Japan November,2013Source: Yano Research Institute October,2013
Unit: trillion yen Unit: trillion yen
Copyright 2014 Bit-isle Inc. All Rights Reserved 77
Position in Japan Datacenter market
169compaies
Number of iDC service providers in Japan
NO. Player Total area(unit:㎡) Segment memo
1 NTT Group 1,030,000 Telecommunications carrier/Network NTTeast, NTTwest, NTTcom, NTTdata, NTTPC, etc.2 SECOM Group 227,000 Home security Secom trust systems, @Tokyo3 Fujitsu Group 156,000 System Integrator Fujitsu, FujitsuFIP4 NEC Group 116,000 System Integrator NEC, NEC, BIGLOBE, etc.5 NRI 114,000 System Integrator -6 IT Holdings 111,000 System Integrator TIS, INTEC7 CTC 85,000 System Integrator -8 Softbank Group 74,000 Telecommunications carrier/Network Softbank telecom, iDC Frontier9 IBM 70,000 System Integrator -10 Hitachi Group 60,000 System Integrator Hitachi, Hitachi systems11 SCSK 60,000 System Integrator -12 KDDI 43,000 Telecommunications carrier/Network -13 KVH 37,000 Telecommunications carrier/Network Fidelity Group14 Bit-isle 35,800 Speciality -15 NS solutions 24,000 System Integrator -16 EQUINIX JAPAN 21,000 Specialty EQUINIX’s Japanese subsidiary17 SAKURA Internet 18,000 Specialty Sojitz Group18 Canon 17,000 System Integrator -19 IIJ 16,600 Telecommunications carrier/Network -20 Mitsubishi Electric 16,000 System Integrator -
Datacenter total area in Japan
*source:
Source: Fuji Chimera Research Institute, Inc. 2013 and trade paper
Copyright 2014 Bit-isle Inc. All Rights Reserved
iDC market environmentData Center market• Tokyo metropolitan area and its suburbs were built many new large scale
Data Centers between 2011 and 2013.• After 2014,to build new large scale data centers are slow down. Cloud Services market• Amazon AWS services are strong in Japan market.
In Japan data center market, supply and demand balance is going to turn good, We approach the market as specialized colocation provider.
Note: Currently ,new mid-large scale Data Centers in around Tokyo(more than 7,000㎡)
*own reserch
2011 2012 2013 After 2014
IT Holdings SECOM NTTcom SCSK
KVH NRI Mitsubishi Corporation NEC
NTT com Canon Dai Nippon Printing Bit-isle
EQUINIX NS solutions Toppan Printing -
- NTT east CTC -
- AGS SECOM -
4.Forecast
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Copyright 2014 Bit-isle Inc. All Rights Reserved
32 34 363329
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55.8%71.0% 76.3% 80.3% 81.3% 83.4%
0.0
10.0
20.0
30.0
40.0
2011 2012(E) 2013(E) 2014(E) 2015(E) 2016(E)0%
20%
40%
60%
80%
100%
スマートフォン市場規模の推移・予測
携帯電話総出荷数に対するスマートフォンの割合
9
Datacenter needs
(million unit)
(Gbps)
IT service's Needs Monthly average Internet traffic in Japan
Smartphone shipments in Japan
1,102 1,235
1,516 1,730
2,275
2009 2010 2011 2012 2013
64%
36%
DC その他(オフィスビル等)
68%
56%
8%
12%
22%
31%
1%
1%
0% 20% 40% 60% 80% 100%利用中/検討中 分からない 利用/検討なし その他
Sorce: Impress Innovation Lab. 2012
Sorce:iDC Japan Feb.,2013
End of 2012
General Business’ Needs
Reducing operating cost
Business continuity need Earth quake risk
Black out risk
Place to keep servers in Japan
Data center needs for Business Continuity Plan
2012(n=489)
2011(n=508)
Year
Others(Office space etc.)
Use or Planning
Do not know
Not use or Planning
Others
Souce:MM Research Institute (March.2013)
Smartphone shipments Smartphone shipmements of all mobile devices(%)
Copyright 2014 Bit-isle Inc. All Rights Reserved 10
Customer Base
25180
57
207
157
28
Total(654)
(Unit: companies)
General business(392companies)
IT service provider(262compnies)
IT service provider
iDC/ hosting
Content providers
Advertising/media
General business
Systems integrators
Enterprises
Telecommunications, etc.
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
市場構成 ビットアイル構成
ITサービス事業者 一般企業 その他
Strong IT service providers
Approach General business market
Customer Distribution(January,2014) Sale segment in japan Compared iDC market with Bitisle
IT service provider
General business Others
Market Bit-isle
*Source: (Market sales segment) Fuji Chimera Research Institute, Inc.
Copyright 2014 Bit-isle Inc. All Rights Reserved 11
High performance
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Japan
Pure Player in Japan / in Global , Net sales EBITDA margin Trend
(Billion yen)
Bit-isle Sakura internet Broadband TowerNet sale EBITDA Margin
Global
Equinix Telecity Interxion
7.9 9.7 11.9
14.7 16.7 26.4%
35.8%38.9% 40.4%
39.1%
0%
10%
20%
30%
40%
50%
0.0
4.0
8.0
12.0
16.0
20.0
'09/7 '10/7 '11/7 '12/7 '13/7
7.1 7.8
8.6 9.2 9.5
15.4%20.8%
26.5% 24.3% 25.5%
0%
10%
20%
30%
40%
50%
0.0
2.0
4.0
6.0
8.0
10.0
'09/3 '10/3 '11/3 '12/3 '13/3
10.3 12.8
14.5 15.8
23.5
6.8% 8.9% 8.2%5.0% 6.5%
0%
10%
20%
30%
40%
50%
0.0
5.0
10.0
15.0
20.0
25.0
'09/6 '10/6 '11/6 '12/6 '13/6
*Source :discloser documents. Global player’s financial date rate is $1=¥100
Copyright 2014 Bit-isle Inc. All Rights Reserved 12
Business Overview
Integrated IT outsourcing
Solutions service
Support business with hardware, software, and temporary staff dispatch Temporary staff
dispatchSystem
developmentSystem
integration
Managed service
Cloud
Timely response 24 hours a day, 365 days a yearOperation/ monitoring
Rental office
NetworkCollocation
iDC service
OEM
internet datacenter
Rental equipment
Copyright 2014 Bit-isle Inc. All Rights Reserved13
Group Companies
Provides business services with a focus on engineering
Offers business services including system monitoring and operational management (MSP) services
Provides various services including movie delivery, system solutions, hosting and ASP, server storage and more
Bit-surf Inc.
SiteROCK K.K.
TERRAS Co., Ltd.
As a part of the system solutions offered by TERRAS, SETA International utilizes an offshore development center in Hanoi, Vietnam and pursues a system development business in Japan.
SETA International Co., Ltd.
Providing SaaS foundation to application vendors.
AXLBIT Inc.
Terra Power Co.,Ltd.Promoting development and sales the renewable energy power plants which make effective land in Japan.
Copyright 2014 Bit-isle Inc. All Rights Reserved 14
Fact Sheet
Copyright 2014 Bit-isle Inc. All Rights Reserved
Equity ratio(Equity ÷Total assets)
15
Equity ratio(Equity ÷Total assets) ROE(Net income ÷ Equity)
D/E ratio (Total debt ÷Equity) ROA(Net income ÷Total assets)
(Equity, Total assets, million yen, rounddown) (Equity ratio)
(Total debt Equity, million yen, rounddown)(D/Eratio)
EquityTotal debt D/E ratio
Equity Total assets Equity ratio
FY2009/7 FY2010/7 FY2011/7 FY2012/7 FY2013/7FY2009/7 FY2010/7 FY2011/7 FY2012/7 FY2013/7
15
Copyright 2014 Bit-isle Inc. All Rights Reserved
Fact Sheet
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(Unit : million yen ,round down)PL
FY2009/07 FY2010/07 FY2011/07 FY2012/07 FY2013/07
Net sales 7,866 9,731 11,949 14,747 16,663
Gross profit 1,887 2,469 3,402 4,514 4,985
ratio 24.0% 25.4% 28.5% 30.6% 29.9%
Selling, general and administrative expenses 1,007 1,092 1,370 1,768 1,916
Operating income 880 1,376 2,032 2,746 3,068
ratio 11.2% 14.1% 17.0% 18.6% 18.4%
Non-operating income 28 27 29 39 23
Non-operating expenses 271 333 329 312 346
Ordinary income 637 1,070 1,732 2,472 2,745
ratio 8.1% 11.0% 14.5% 16.8% 16.5%
Extraordinary income/loss -9 -42 -147 -98 13
Income before income taxes 627 1,028 1,584 2,373 2,759
Income taxes 291 399 679 1,035 1,048
Minority interests in income/loss 0 0 0 1 7
Net income 336 628 903 1,336 1,703
ratio 4.3% 6.5% 7.6% 9.1% 10.2%
16
Copyright 2014 Bit-isle Inc. All Rights Reserved
Fact Sheet
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BS
Assets FY2009/07 FY2010/07 FY2011/07 FY2012/07 FY2013/07
Cash and deposits 1,248 4,364 3,456 3,045 6,220
Accounts receivable 269 355 601 809 842
Current assets 4,377 5,070 5,097 4,278 8,041
Property, plant and equipment 18,377 19,284 20,031 21,284 23,060
Intangible assets 313 378 451 377 410
Investments and other assets 2,198 2,095 2,181 2,183 3,016
Noncurrent assets 20,889 21,757 22,664 23,846 26,487
Assets 25,267 26,828 27,761 28,124 34,528
Liabilities and net assets FY2009/07 FY2010/07 FY2011/07 FY2012/07 FY2013/07
Short-term loans payable 2,270 230 190 150 110
Current portion of long-term loans payable/Lease obigations 2,505 3,466 6,969 4,396 5,442
Current liabilities 5,915 5,708 9,713 8,119 8,663
LongTerm Loans Payable /Lease obigations 13,531 14,795 10,884 11,665 13,153
Liabilities 13,531 14,795 10,884 11,713 13,735
Total liabilities 19,447 20,504 20,597 19,832 22,399
Net assets 5,819 6,323 7,163 8,291 12,129
Shareholders' equity 5,743 6,224 7,026 8,079 11,823
Liabilities and net assets 25,267 26,828 27,761 28,124 34,528
Total Debt 18,306 18,492 18,043 16,211 18,705
(Unit : million yen ,round down)
BS
17
Copyright 2014 Bit-isle Inc. All Rights Reserved
Fact Sheet
18
(Unit : million yen ,round down)
CF
FY2009/07 FY2010/07 FY2011/07 FY2012/07 FY2013/07
Income before income taxes 627 1,028 1,584 2,373 2,759
Depreciation and amortization 1,188 2,099 2,587 3,174 3,427
Amortization of goodwill 4 6 32 42 40
Decrease (increase) in notes and accounts receivable-trade -64 -113 -180 -207 -28
Increase (decrease) in accounts payable-other and accrued expenses -67 171 126 138 -184
Increase (decrease) in advances received ー 389 -161 718 -206
Interest expenses paid -222 -332 -341 -309 -290
Income taxes paid -810 -151 -439 -956 -1,156
Net cash provided by (used in) operating activities 474 3,988 3,830 5,418 4,873
Purchase of property, plant and equipment -8,269 -1,369 -3,745 -3,351 -4,936
Net cash provided by (used in) investing activities -5,137 -504 -3,499 -2,065 -4,697
Charge in short-term loans payable -2,230 -2,040 -40 -40 -40
Charge in long-term loans payable 9,282 403 -228 -2,087 2,579
Proceeds from issuance of common stock 12 12 12 41 1,376
Net cash provided by (used in) financing activities 6,896 -2,366 -1,240 -3,772 2,998
Net increase (decrease) in cash and cash equivalents 2,233 1,116 -908 -419 3,174
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Copyright 2014 Bit-isle Inc. All Rights Reserved 19
Return to Shareholders
Planned (year-end) dividend for FY2014/7
13 yen per shareInterim 6 yen per share
End term 7 yen per share
13円
Interim
15円Commemorative dividend
9円
Dividend per share
End Term
(note) One share was split into 200 shares with February1, 2012.Above graph, we made correction in the past figures.
Copyright 2014 Bit-isle Inc. All Rights Reserved 20
Other
Copyright 2014 Bit-isle Inc. All Rights Reserved
Tokyo
5th Datacenter(1)
Overview Location:Bunkyo-ku, Tokyo Building:New Building
Quake-absorbing structure Total floor area:7,680 ㎡
The number of racks available 1,400racks
Set up November, 2014
Capital investment
Approx.10 billion yen
Otemachi
1st ・2nd ・ 3rd DC (3,628racks)
4th DC(2,378racks)
Tokyo's 23 wards
21
Near the 4th DCAn improbemnet in
air conditioningNew building
Quake-absorbing structure
・Point of otimaization
This is likely to change significantly as the now DC is still under the design phase.
Copyright 2014 Bit-isle Inc. All Rights Reserved22
5th Datacenter(2)
The above contents are likely to change significantly asthe now DC is still under the design phase.
Location near 4th DC
New building , Quake-absorbing structure
Improve air conditioning efficiency
Compared 5th DC with 4th DC
Item Capex
Builoding 2 billion yen
DC equipment 8 billion yen
• PUE1.6 at 4th DC→Target PUE1.3 at 5thDC
• Sharing in 4th DC operation staff.
• Investment for structuring 5th DC 10 billion yen breakdown
(note)Planning to inbest DC equipment in stages.
4th DC 5th DC
DC equipment 16billion yen 8billion yen
No. of racks installed
2.378racks 1,400racks
DC capex per rack6.7million yen 5.7million yen
15% efficiency
①Investment for DC equipment
②Cost
4th DC 5th DC
Rent/DC equipmentdepriciation(annual)
2billion yen 0.9billion yen
(note) Due to the impact of the (start depreciation) investment staged, the costofeach fiscal year is different from the above amount.
Copyright 2014 Bit-isle Inc. All Rights Reserved 23
Solar Power Generation Business Overview
Hiroshima
Hiroshima prefecture
Hiroshima
Takehara
Adoption of the system for purchasing the total amount of renewableenergy under the Act on Special Measures Concerning the Procurement of
Renewable Energy Sourced Electricity by Electric Utilities
Support of Hiroshima prefecture and Takehara city
Commercial mega solar is to be installed in Takehara city where insulation conditions are good and an early start to the business is possible.
A pilot project for an electric power business with renewal energy
CSR
Earnings will be secured even in the first year of operations
Section 1 Section 2
Location Takehara, Hiroshima prefecture
Area 24,400㎡ 26,600㎡
Start February, 2013 July ,2013
Electric power output(Maximum)
1.5MW 1.5MW
Estimated Amount of Electric Power to
be Sold71 -75 million yen 79 -83 million yen
Cost 43 -49 million yen 46 -53 million yen
Copyright 2014 Bit-isle Inc. All Rights Reserved
Coverage analyst
24
Company Analyst
Ichiyoshi Research Institute Inc. Hiroshi Naya, Kaname Fujita
SMBC Friend Research Center Ltd. Naoki Yokota
IwaiCosmo Securities Co.,Ltd. Tomoaki Kawasaki
Daiwa Securities Co. Ltd. Yu Tokuda
Macquarie Capital Securities Limited Michael Newman
Please note that any opinions, estimates or forecasts regarding Bitisle’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Bitisle or its management. Bitisle does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.
(As of December, 2013)
Copyright 2014 Bit-isle Inc. All Rights Reserved 25
Glossary
Term Meaning
Server In a network in which computers are connected, a computer that offers its functions to other computers (called clients) that use it for certain processing tasks.
EC An abbreviation for electronic commerce, which is commercial trade using the Internet. It provides a broad array of services, including the sale of merchandize and payment systems.
B2B/ B2C In transactions, business-to-business transactions are called B2B. Business-to-consumer transactions are called B2C (“B” stands for “business” and “C” stands for “consumer”).
SNS A community service (called a “social networking service”) on the Internet that encourages association between individuals.
SaaS Software as a service. Of software functions, a form of service that provides only those functions necessary for users, so that they can use them.
IaaS Infrastructure as a service: The provision of computer infrastructure, such as a virtualized platform, as a service via the internet.
Application Software designed for specific purposes such as document creation or numerical calculation, and include software for word processing, table calculation, and presentations.
ASP A business operator (Application Service Provider) that leases business applications to customers via the Internet.
Host computer A large computer that plays a central role in a network. The word is used as a collective term for computers that provide a high-speed arithmetic processing function and a database function.
IX (Internet exchange)
An interconnection point on the Internet that connects a number of Internet service providers and academic networks.
Open system A computer system that is constructed by combining software and hardware of different manufacturers
Cloud computing (cloud)
To use services through the servers of business operators connected via the Internet, instead of users purchasing and owning systems and software. Users receive the services they want when they want to use them and pay for that use, just like electricity and water.
OEMOEM as we define it is a method of providing iDC services that give large customers a dedicated floor designed to their specifications. Although a one-year contract is a standard for providing general services, the provision of an OEM service is based on a multi-year contract.
Copyright 2014 Bit-isle Inc. All Rights Reserved 26
Glossary
Term Meaning
VirtualizationA fundamental technology of cloud computing that enables the use of a number of hardware units as if they were a single unit or, in contrast, the use of a single unit of hardware in pieces as if it was divided into multiple units by absorbing differences in the kinds of operating systems and hardware in between and eliminating boundaries.
PUEPower usage effectiveness: An index of the energy efficiency of data center facilities. It is calculated by dividing the power consumption of the entire data center by that of the IT equipment it uses. The smaller the value, the less power is used for data center facilities. In other words, it is an index of how efficiently a data center uses its power.
BCPBusiness continuity planning: A business strategy aimed at ensuring the continuation of important businesses, or else their earliest possible resumption, when a company has been affected by a disaster, to protect the company from the negative consequences ofbusiness discontinuity such as a loss of customers to competitors, decline of market share, and damage to reputation.
Copyright 2014 Bit-isle Inc. All Rights Reserved 27
Bit-isle Inc.5 floor, HarborOneBuilding, 2-5-5 Higashi Shinagawa, Shinagawa-ku, Tokyo
Corporate Planning Office
Tel: 81-(3) 5782-8723E-mail: [email protected]