Services

Principal Investment

The principal investment business segment conducts proprietary investment in real estate, receivables and equities at the Investment Banking Department. RISA Partners has several investment criteria concerning area, usage and size of property and seeks to secure appropriate earnings by making decisions on investments after carefully considering earnings status and exit strategy. In particular, its R-Project business that acquires real estate with little current market appeal, such as properties with restrictions on effective use and properties that have aged, and seeks to revive them by creating value added using design changes, is receiving wide acclaim. In receivables and equity investments, RISA Partners invests in companies where it is involved in restructuring by utilizing our broad network with regional financial institutions and investors.

Funds Business

RISA Partners’ fund business segment is involved in real estate and corporate investments as well as asset and funds management after investing. We have been developing cooperative investment with Cypress Grove International, the successor fund to Soros Real Estate Investors, in large-scale real estate investments. The cumulative total of investmenthas reached about JPY 200 billion on commitment basis Sep 31, 2007 since September 2004. RISA Partners has primarily deployed its investment in corporate restructuring funds in cooperation with regional financial institutions, and has established 17 corporate restructuring funds in partnership with 55 financial institutions as of Nov 30, 2006. We believe that our corporate restructuring business and advanced fund management skills were highly-evaluated to successfully establish join public/private corporate restructuring funds in Ehime, Saitama, Okinawa and Chiba prefectures.

Investment Banking

RISA Partners’ investment banking business segment is composed of M&A advisory, advisory services that include formulation of corporate restructuring plans, due diligence, and servicing as well as the solutions business which combines investment related to real estate and finance with our expertise in advisory services. RIFAS, Inc., handles advisory services and due diligence operations while RISA Loan Servicing, Inc. and IR Loan Servicing, Inc. are involved in servicing operations. In addition, we are involved in advisory services for selling and buying property for foreign investors through the cooperation with ATIS Group.