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dateJune 27, 2005
Cyber Brains Becomes Subsidiary of Rakuten, Inc.

On June 27, 2005 Rakuten held a board meeting and voted upon and agreed to make Cyber Brains into a subsidiary company of Rakuten, Inc. Cyber Brains was incorporated on February 15, 2000. Cyber Brains offers a variety of services such as targeting mail advertising, Internet marketing research, and database marketing. The company's fiscal year end is September 30th. As of March 31, 2005, the company had 39 employees. Rakuten, Inc. will hold 78.3% of the common outstanding shares on a fully diluted basis of the company. (For full release, please refer to Japanese IR release.)

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