News Releases

To all the members
Name of the Company Daiwabo Information System Co., Ltd.
Representative Hirokazu Matsumoto, President and CEO
(Code No. 9912, First Section of Tokyo Stock Exchange/Osaka Securities Exchange)
Head Office 3-2-5, Hommachi, Chuo-ku, Osaka
Contact person Koyama (Yoshio),
General Affairs Sect.(Public Relations)
PHONE +81-6-6281-9100

Notice of Subsidiary Establishment

Daiwabo Information System (Head office: Chuo-ku, Osaka; President and CEO: Hirokazu Matsumoto) resolved at the Board of Directors' meeting of January 20, 2005 that the company will establish the below subsidiary .

1. Overview of New Subsidiary
1. Name DIS Artworks Co., Ltd.
2. Address 2-5-3, Hommachi, Chuo-ku, Osaka
3. President & CEO Kaoru Kikui
4. Main business
(1) Publishing
(2) Planning, production and printing of advertisements
(3) Planning, production, operation and management of websites
(4) Planning and production of computer graphics and digital content
(5) Planning and design of mascots
(6) Planning, production, sales, leasing and production outsourcing of music software, image software, computer software, etc.
(7) Production of commercial films and promotion videos
(8) Planning, management and advertising operations for events
(9) Design for sales promotion and planning, production and sales of media
5. Capital Yen20 million
6. Ownership Wholly owned subsidiary of Daiwabo Information System

2. Date of Establishment
The company will be established on April 1, 2005.

Personnel & General affairs dept.
General Affairs Sect.(public relations) Koyama (Yoshio)
PHONE: +81-6-6281-9100
FAX: +81-6-6258-93511

January 20, 2005