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## Equity Method Affiliates 

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Notes: 1. * denotes the date at which the company began its current business. 

2. Equity owned by the holding company includes equity owned indirectly. 

3. Suzhou INAX Sanitary Ware Co., Ltd. was acquired by and merged with Suzhou INAX Building Materials Co., Ltd. on April 1, 2009. 

4. JS GROUND SERVICE Corporation was acquired by and merged with Japan Home Shield Co., Ltd. on July 1, 2009. 

5. Nittan Seiki Company Limited was acquired by and merged with Nittan Electronic Company Limited on April 1, 2010. 

6. Although the Company does not have voting rights of limited private company SUPER VIVA ASSET and 3 other companies (special purpose companies), these companies are treated as subsidiaries of the holding company when substantial attribution of the following are taken into account: rights and obligations based on agreements, profit and loss, etc. 

7. SUN WAVE CORPORATION became a consolidated subsidiary by stock swap on April 1, 2010. 

