The Norinchukin Bank

The Norinchukin Bank Makes Eiraku a Consolidated Subsidiary

Tokyo, September 30, 2011 ---The Norinchukin Bank (the Bank) today announced that Eiraku, Co., Ltd (Eiraku) has become a consolidated subsidiary (a 87.97% voting right after the acquisition) subsequent to the acquisition of shares of Eiraku by the Bank.

Eiraku has been the primary supplier of outsourcing services for the Bank. It has assumed administrative services which include cleaning and security of the Bank’s facilities as well as meal and other services (Premises-related services). Eiraku will be able to focus its management resources to the premises-related services for the Bank, by becoming a consolidated subsidiary. We believe that the event will bring about greater efficiency to the business operations of both Eiraku and the Bank.

The Bank plans to outsource premise-related operations in full scale to Eiraku in and after October, 2011.

Profile of Eiraku Co., Ltd
Company Name Eiraku Co., Ltd.
Address Chiyoda-ku, Soto-Kanda 1-16-8, Tokyo
Representative Norihiro Suzuki, President
Major Businesses Building Management (Equipment management, security, cleaning, and other services) Facility Management (Cafeteria operation, welfare facility management, and other services)
Corporate rental housing management
Commodities management
Paid-in Capital JPY 197 million
Establishment August 6, 1956
Financial Performance (Fiscal Year Ended March, 2011）
Sales JPY10,338 million
Ordinary Profit JPY 234 million
Net Income JPY 134 million
Total Assets JPY 6,639 million
Net Assets JPY 4,154 million

Contacts: The Norinchukin Bank
Public Relations Planning Department
Tel: 03－5222－2017