Tomoharu Kitou

TRN Corp., Inc. is engaged in management guidance of its subsidiaries. Its businesses include shop support, leaseback, opening business support, rental, interior constructions, product sales, real estate investments, real estate funds, real estate solutions, private equity and store consulting. The company was founded in March 2000 and is headquartered in Tokyo, Japan

Link One co. Ltd. provides manpower agency services, educational consulting services, recruiting support services, directly-managed store related services & franchisor services. The operations are carried out through the following divisions: Human Resource related business & FC/Direct management related business.

SBI-HIKARI P.E. Co. Ltd. (SBI-HPE) is a majority-owned subsidiary of SBI Holdings, Inc. (TSE: 8473), and Hikari Tsushin, Inc. (TSE: 9435) is a significant minority shareholder. Established in 1973 and based in Tokyo, SBI-HPE was wholly-owned by SBI Holdings until 2009, when they took over some of the funds previously managed by Hikari Private Equity, Inc., the venture capital arm of Hikari Tsushin, and started operating as a joint venture.