As of April 1, 2007, Hokkaido Venture Capital, Inc. becomes a holding company through corporate divestiture system. At the same time, its business name is changed into HVC, Inc., the holding company of the group, which owns three wholly-owned subsidiaries: newly established Hokkaido Venture Capital, Inc, which engages in investment and development of venture businesses in Hokkaido; HVC Strategic Research Institute, Inc., a think thank which provides consulting services; and HVC Global Investment, Inc., which provides technology incubation and advisory services.

Company outline and contact information of HVC group are as follows:
HVC Inc. (holding company) *Its website is under construction.
- Core Business:
Management and operation of the entire group, administrative operations of funds.
- Board of Directors:
President: Ikkei MATSUDA
Director: Satoshi ENDO
Director: Junichi MIURA
Director: Akihiro SASAHARA
Auditor: Hiroshi SHIMIZU
- Contact Information:
Tokyo Tatemono Sapporo Bldg. 2nd Fl., 20 North 7, West 2, Kita-ku, Sapporo, Hokkaido 060-0807 Japan
TEL +81-11-738-3838 FAX +81-11-738-7387

Hokkaido Venture Capital, Inc. (wholly-owned subsidiary of HVC, Inc.)
- Core Business: Investment and development of venture businesses in Hokkaido.
- Board of Directors:
President: Ikkei MATSUDA
Director: Junichi MIURA
Director: Akihiro SASAHARA
Auditor: Satoshi SHIMIZU
- Contact Information:
Tokyo Tatemono Sapporo Bldg. 2nd Fl., 20 North 7, West 2, Kita-ku, Sapporo, Hokkaido 060-0807 Japan
TEL +81-11-738-7380 FAX +81-11-738-7387

HVC Strategic Research Institute, Inc. (wholly-owned subsidiary of HVC, Inc.)
- Core Business: Think tank, providing consulting services
- Board of Directors:
President: Ikkei MATSUDA
Director: Tomoyasu SHIMIZU
Director: Hiroyuki SHINGYOUJI
Director: Satoshi ENDO
Auditor: Gunji SAKAMOTO
- Contact Information:
Tokyo Tatemono Sapporo Bldg. 8th Fl., 20 North 7, West 2, Kita-ku, Sapporo, Hokkaido 060-0807 Japan
TEL +81-11-738-7585 FAX +81-11-738-7593

HVC Global Investment, Inc. (wholly-owned subsidiary of HVC, Inc.)
- Core Business: Technology incubation and advisory services.
- Board of Directors:
President: Satoshi ENDO
Director: Ikkei MATSUDA
Director: Takatsugu YAMAUCHI
Director: Junichi MIURA
Auditor: Gunji SAKAMOTO
- Contact Information:
Yaesu Kato Bldg. 3Fl., 15-12 Nihonbashi Kabuto-cho, Chuo-ku, Tokyo 103-0026 JAPAN
TEL: +81-3-3663-7388 FAX: +81-3-3663-7387

Press release of March 23, 2007 from Hokkaido Venture Capital, Inc. regarding the transition to a holding company is here (a PDF file in Japanese, 13KB).