HIKARI TSUSHIN, INC. was established with a capital of 1 million yen for the purpose of selling and leasing office automation equipment and telephones.

Started the line sales business for intercity telephone services.

Began selling copiers and fax machines.

Began selling computers and peripheral devices.

Expanded the international telephone service line sales business.

Expanded the mobile phone service line sales business.

Started selling mobile phone equipment with the introduction of the one time fee system.

Opened the first mobile phone retail store in Shinjuku, Tokyo.

Expanded the sales of business phones.

Started commision-based sales and sales of personal handy phone system (PHS) services and PHS terminals.

Merged with HIKARI TSUSHIN, INC. (Nerima, Tokyo) for the purpose of changing the face value of shares.

Registered the company’s shares with the Japan Securities Dealers Association.

Changed the trading unit of the company’s shares from 1,000 shares to 100 shares.

Expanded server rental business.

Reached 1,500 mobile phone retail stores nationwide.

Listed the company’s shares on the First Section of the Tokyo Stock Exchange.

Changed the fiscal year-end from August to March.

Expanded the insurance of commision-based sales business.

Adopted a dual representative director system.

Expanded sales of in-house products.

Relocated the headquarters to 1-4-10 Nishi-Ikebukuro, Toshima-ku, Tokyo.

Made FT Group Co., Ltd. (formerly FT Communications Co., Ltd.) a subsidiary.

Made Premium Water Holdings, Inc. (formerly Water Direct Co., Ltd.) a subsidiary.

Expanded the electricity business.

Transitioned to a company with an audit and supervisory committee.

Made Actcall Inc. a subsidiary.

Sakura Insurance Inc. (formerly Sakura General Insurance Preparation Co., Ltd.) obtained a general insurance license.

Transitioned from the First Section to the Prime Market of the Tokyo Stock Exchange due to the reorganization of the market.

Established a Compensation Committee and an Investment and Audit Committee.