The SFCG Group is formed of SFCG CO., LTD., 21 subsidiaries and 1 affiliate. These companies are involved in a variety of businesses primarily consisting of financing for companies, real estate, manufacturing and sale of sporting goods, PC-related product sales, systems development and support, and a variety of other businesses. The following are the primary subsidiaries.

First, Midas Capital specializes in wholesale financing. The company has outstanding loans totaling 13.4 billion yen and is steadily growing with transactions presently conducted with 140 companies.

The SFCG Group’s real-estate operations center on E-Max, which proactively conducts the sale of subdivisions, increases distribution of auction properties and the like. These efforts led to sales of 11,411 million yen and operating income of 1,472 million yen.

As for the manufacture and sale of sporting goods and other businesses, both Maruman and T-ZONE, which were acquired to revitalize and nurture the companies, have rid themselves of unprofitable businesses and rebuilt. They were successfully included into the scope of consolidated companies in April 2003 and are now under the umbrella of the SFCG Group.

Maruman is primarily involved in the manufacture and sale of sporting goods centering on golfing products. The company sold and reorganized its watch division and other unprofitable businesses, and has transformed into an organization that can steadily post profits. Although the company has only been subject to consolidated reporting for three months, sales of 1,716 million yen and operating revenues of 262 million yen were posted.

T-ZONE conducts the sale of PC-related products. It has successfully transformed into a profit generating entity by implementing restructuring through the closing of outlets and shifting from finished products to the specialized sale of parts, which have high profit rates. Consequently, despite only being subject to consolidated reporting for three months (like Maruman), it has posted sales of 1,457 million yen and operating revenues of 110 million yen.

As a result of the above, the consolidated operating revenues of the SFCG Group for the year ended in July 2003 totaled 62.9 billion yen (6.1% increase), ordinary income of 14.6 billion yen (9.7% increase) and net income of 7.4 billion yen (1.7% increase).

Furthermore, T-ZONE was split on August 1, 2003 and adopted a holding company organization. In line with this, the name was changed to T-ZONE Holdings and the other company formed by the split, T-ZONE DIY, succeeded the business of selling PC-related products. SFCG plans to integrate related businesses under T-ZONE Holdings from now on. On September 25, 2003, it was decided that Maruman would be made a 100% subsidiary of T-ZONE Holdings as of February 1, 2004 via a stock exchange.