Hirohiko Miwa

Alpico Holdings Co., Ltd. engages in the operation and management of its group companies with businesses in transportation, tourism, and retail. It operates through the following segments: Transportation, Distribution, Leisure and Service, and Other Service. The Transportation segment handles railway, bus, and taxi businesses. The Distribution segment operates supermarkets. The Leisure and Service segment operates hotels, golf courses, highway service areas,and travel businesses. The Real Estate segment sells rental real estate and villas for sale. The Other Service segment cover the automobile maintenance, and insurance agency. The company was founded on May 1, 2008 and is headquartered in Matsumoto, Japan.

Toyo Kanko Jigyo Co., Ltd. engages in the business of real estate services. It provides the development and sale of villas, land, and highland resorts. It also engages in the construction business, leisure business, golf courses, hotel services and others. The company was founded in November 1958 and is headquartered in Chino, Japan.