Deposit Insurance Corporation of Japan-DICJ Group

The Resolution and Collection Corporation (RCC) and Enterprise Turnaround Initiative Corporation of Japan (ETIC) have been established as subsidiaries (limited company) of DICJ.

In July 1996, DICJ established a 100% owned subsidiary (capitalization ￥200 billion), Housing Loan Administration Corporation (HLAC), in order to promote collection of non-performing loans related to Jusen companies as its special operations. In September 1996, DICJ took a 75% stake (capitalization of ￥120 billion for DIC) in the Resolution and Collection Bank (RCB) which was reorganized from the Tokyo Kyodo Bank for the disposal and management of non-performing loans transferred from failed financial institutions.

Later in April 1999, HLAC and RCB merged to form RCC which was a 100% owned subsidiary of DICJ.

DICJ has been making efforts in collecting non-performing loans through providing RCC with guidance and advice for the recovery of loans, cooperating with RCC in pursuing the criminal and/or civil liabilities of the parties concerned and investigating hidden assets of debtors based on its right to conduct an asset investigation.

Resolution and Collection Corporation

1. Establishment

April 1, 1999 (through a merger between the Housing Loan Administration Corporation and the Resolution and Collection Bank)
Capital: ￥212.0 billion(100% subsidiary of DICJ)

2.Purpose

The purposes of RCC is: to manage, collect and dispose of assets transferred and/or purchased from 7 Jusen companies and failed financial institutions; to be engaged in subscription of shares of financial institutions to enhance their capital adequacy; to purchase assets from sound financial institutions; and, to do other banking business stipulated in the Deposit Insurance Law and other related laws.

3.Officers

Total Staff 476 (as of October 1, 2011)

[as of October 1, 2011]
Mr. Koichi Ueda		Representative Director & President
Mr. Yasuo Shida		Representative Director & Deputy President
Mr. Satoshi Hashimoto		Representative Director
Mr. Kaoru Okada		Senior Managing Director
Mr. Shoici Kano		Senior Managing Director
Mr. Akira Tomioka		Auditor
Mr. Yasunori Fujii		Auditor(part time)
Mr. Akira Tamura		Auditor(part time)

4.Location

Head office		Nakano-sakaue Sunbright Twin 2-46-1 Honcho, Nakano-ku, Tokyo, Japan
Osaka office		Umeda Center Bldg. 2-4-12 Nakasaki-nishi, Kita-ku, Osaka-shi, Osaka, Japan

5.Homepage
[Japanese only]

http://www.kaisyukikou.co.jp/

DICJ established a 100% owned subsidiary, Enterprise Turnaround Initiative Corporation of Japan (ETIC), on October 14, 2009 in accordance with the provisions of Article 51 of the Act on the Enterprise Turnaround Initiative Corporation of Japan. DICJ later increased its investment in ETIC.

ETIC will provide support for revitalization of local enterprises operations by assessing their assets, assisting formulation of their operation and finance restructuring plans, coordinating their creditors and other stakeholders, and rendering human and financial support to them, in an impartial and neutral manner.

Enterprise Turnaround Initiative Corporation of Japan (ETIC)

1. Establishment

October 14, 2009
Capital: ¥20,129.8 million

2.Purpose

Taking employment stability into consideration, ETIC seeks to reconstruct the regional economies through advancement of comprehensive economic potential in the local areas and at the same time to facilitate reinforcement of the foundation of stability of the financial system in the regions. In order to accomplish these objectives, ETIC will provide support for revitalization of local businesses in cooperation with financial institutions and local governments through such operations as purchase of loans extended by financial institutions to small and medium-sized enterprises which possess valuable management resources but are suffering from heavy burden of debt.

3.Officers

Total Staff 152 (as of October 1, 2011)

[as of October 1, 2011]
Hiroshige Nishizawa		President and Representative Director
Akitoshi Nakamura		Senior Executive Director and Representative Director
Shigeyuki Kawamoto		Executive Director
Koichi Sakurada		Executive Director
Koichi Mizutome		Executive Director
Hideo Seto		Non-Executive Director
Yuri Okina		Non-Executive Director
Toshio Nakamura		Non-Executive Director
Akio Harada		Non-Executive Director
Tsuyoshi Takagi		Auditor
Koichi Masuda		Auditor

4.Location

Otemachi Building, 9F 1-6-1 Otemachi, Chiyoda-ku, Tokyo, Japan

5.Homepage

http://www.etic-j.co.jp/