* As of April 5th, 2006, Naviblog Corp. increased its capital to 15m yen (approx. 127,000 USD at current JPY-USD rate). We will now be working not as a "preparatory" corporation*, but as a standard corporation in compliance with Japanese capital requirement laws. We would like to use this opportunity to underline our commitment to all our stakeholders, that is, to keep driving the development of the latest and most intuitive mobile services.
Any IR inquiries should be directed to: Mandali at ++81 3-3499-5503.
(* According to Japanese law, a Japanese "corporation" is required to put up 10m yen in capital upon start-up. In order to boost entrepreneurship, Japanese law has been modified recently to allow for the creation of "preparatory" corporations with as little as one yen in capital, provided the company increases capital to 10m yen or more within a 5-year timeframe.)
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