Industrial Decisions,

Industrial Decisions, Inc. (IDI) was established in January 2003 as Japan's first advisory firm that specializes in the energy and environment sectors. The first and only advisory boutique in Japan that provides services specific to the energy sector. The principal shareholder of IDI, Mizuho Securities, Co., Ltd, has fostered long-standing relationships with a wide range of companies in the energy sector. IDI will maintain this model of diverse network utilization and neutral stance as the backbone for providing its services. In addition to our existing client base of electric power, gas, and oil companies, we have also worked with new entrants to the Japanese market. We have experience in a variety of projects including industry trend analysis, strategy formulation, and advisory services regarding business and capital alliances.