PwC Advisory and PwC Consultants to Undergo Business Integration

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To become PricewaterhouseCoopers Co., Ltd., the largest consulting firm in Japan, offering deal advisory and consulting services

PwC Advisory Co., Ltd.（head office: Chihyoda-ku, Tokyo, CEO: Shoichi Oka）and PricewaterhouseCoopers Consultants Co., Ltd.（head office: Chihyoda-ku, Tokyo, President: Shiro Uchida, hereafter "PwC Consultants"）will undergo business integration on January 1, 2010 and become "PricewaterhouseCoopers Co., Ltd." Moreover, on the same day, PricewaterhouseCoopers HRS Co., Ltd.（head office: Chihyoda-ku, Tokyo, CEO: Hiroyuki Suzuki, hereafter "PwC HRS"）will be a part of the business integration.

The objectives of this integration are to combine the expertise and strengths of the three companies to:（1）provide integrated solutions for the increasingly complex management challenges of companies;（2）provide multifaceted services by building medium- to long-term relationships with our client companies; and（3）strengthen our organizational structure to support the further globalization of domestic companies. The approximately 1,600 professionals in Japan will have access to the PricewaterhouseCoopers global network of over 163,000 staff in 151 countries around the world to help further support the resolution of company management challenges. Through this integration, PricewaterhouseCoopers Co., Ltd. will become the largest consulting firm in Japan which provides deal advisory and consulting services.

PwC Advisory is a leader in the fields of M&A and business revitalization and restructuring in Japan, and it has a strong track record of providing deal advisory services to its client companies. The strength of PwC Consultants is its comprehensive consulting on management strategy formulation and execution, operational reform, and system design and implementation. Furthermore, PwC HRS provides services which create solid organizational and personnel structures which allow for business growth of companies from a professional HR perspective.

Shiro Uchida will become CEO of PricewaterhouseCoopers Co., Ltd. Mr. Uchida commented, "Through our new organization, we will be able to further enhance our medium- to long-term support tailored to the life cycles of companies, which is more than just creating project-based solutions. We will commit all of our resources to resolving management challenges together with our customers and will aim to improve our client share rather than target market share. I intend to build an organization that enable us to have deep and long-term relationships with individual customers and to create a professional group that offers services which our customers cannot receive anywhere else in the world."

Overview of "PricewaterhouseCoopers Co., Ltd."

Name of the new company: PricewaterhouseCoopers Co., Ltd.
Head office location: 8-21-1 Ginza, Chuo-ku, Tokyo 104-0061
Establishment date: June 15, 1999
Representatives: CEO Shiro Uchida
Executive Vice President Masataka Mitsuhashi
Paid-in capital: 100 million yen
Number of employees: approximately 1,600
Business content: Deal advisory and consulting services
URL: http://www.pricewaterhousecoopers.co.jp/

Overview of the Companies

PricewaterhouseCoopers Consultants Co., Ltd.
Representative: CEO Shiro Uchida
Established: March 1997
Location: Pacific Century Place Marunouchi 23rd Floor, 1-11-1 Marunouchi, Chiyoda-ku, Tokyo Osaka（West Japan Branch）/ Nagoya（Chubu Branch）/ Hokkaido Regional Development Center
Number of employees: approximately 1,050
Business content: formulation of the business strategy of client companies / financial reconstruction / operational transformation from reconstruction of business models / introduction of IT solutions, system integration / transformation of organizations and people / maintenance and operation of systems, etc.
PricewaterhouseCoopers HRS Co., Ltd.
Representative: CEO Hiroyuki Suzuki
Established: August 2004
Location: Kasumigaseki Bldg. 15th Floor, 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo
Number of employees: approximately 50
Business content: design of evaluation systems and remuneration systems based on human resources strategies / personnel-related services resulting from restructuring of organizations / development and implementation of training programs to support human resources strategies / design of global personnel systems and systems for dispatching employees overseas, etc.

* All information about the above three companies is correct as of November 1, 2009.

 
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