Ray Corporation

Founded: June 1980

Established: June 1981

Established Studio Ray in Shibuya, Tokyo, with capital of 1 million yen for laser display business

Founded

Established Studio Ray Inc. in Shibuya, Tokyo, with capital of 1 million yen, for laser display business

Established M.C. Visions, Inc. as a joint venture with Mitsubishi Corporation for video business

Changed company name to Ray Inc. and fully entered digital video business

Established Keihinjima Business Office in Ota Ward, Tokyo, and started video equipment rental business

Relocated headquarters to Minato Ward, Tokyo

Established Craft Inc. for commercial business

Established Digital Site Inc. as a joint venture with Sumitomo Corporation and Sumisho Electronics for computer graphics business, and set up Gotanda Office in Shinagawa Ward, Tokyo, for content DVD business

Established Digital Site Inc. as a joint venture with Sumitomo Corporation and Sumitomo Electronics to pursue computer graphics business

Set up Gotanda Office in Shinagawa, Tokyo, for DVD content business

Acquired WEASE Brain Inc., a planning and production company, as a subsidiary

Registered as a over-the-counter listed stock with the Japan Securities Dealers Association

Started presentation support business for general companies under the

The company was reorganized through a spin-off, establishing the Planning and Production Business, Video Direction Business, and Video Editing Business as separate companies: Plais Co., Ltd., Print Co., Ltd., and Maclay Co., Ltd. (The company Ray transitioned to a management company system).

Listed on the JASDAQ Securities Exchange.

Certified by the Japan Information Processing Development Corporation for the Privacy Mark

Subsidiary (株)Wepp renamed to Ponopono Communications Inc., received investment from Nikkei BP, and entered the free magazine business

Established Mobile Gate Inc. to promote the dissemination, utilization, and sales of the next-generation code "Color Code"

Acquired T.C. Max Inc. through stock purchase to expand video planning and production business

Transferred part of the shares of Ponopono Inc. (formerly Ponopono Communications Inc.) and withdrew from the free magazine business

Sold some shares of PonoPono Co., Ltd. [Formerly PonoPono Communications Co., Ltd.] and withdrew from the free magazine business

Revised content business fundamentally to focus on advertising solutions and technical solutions segments for resource allocation and management

Withdrew from Mobile Gate Inc. through share transfer

Merged T.C. Max Inc., Plais Inc., Maclay Inc., and Print Inc. to improve operational efficiency, profitability, and realize synergy effects of the merger

Listed on Osaka Securities Exchange (JASDAQ Market) following the merger of JASDAQ Securities Exchange and Osaka Securities Exchange

Listed on Osaka Securities Exchange JASDAQ (Standard) following the integration of the markets of Osaka Securities Exchange, Hercules Market, and NEO Market

New headquarters completed in Minato-ku, Tokyo (named Ray Building); closed Gotanda and Tennozu offices and consolidated into new headquarters

Listed on Tokyo Stock Exchange JASDAQ (Standard) following the integration of the cash markets of Tokyo and Osaka Securities Exchanges

Absorbed and merged WISE Brain Inc. and Maclay Inc. to streamline management and strengthen control functions; acquired Nippomovie Inc., Nippomovie Osaka Inc., and three other companies through stock purchase to expand video planning and production business

For the purpose of streamlining management structure and strengthening management functions, absorbed and merged subsidiary Wizz Brain Co., Ltd. and Maclay Co., Ltd.

To expand the video planning and production business, acquired shares of Nippon Movie Co., Ltd., Nippon Movie Osaka Co., Ltd., and 3 other companies to make them subsidiaries.

Rebranded Nippomovie Inc. to Clay Inc. to establish a more efficient management system; merged with T.C. Max Inc. and Nippomovie Osaka Inc. to improve operational efficiency

Entered a capital and business alliance with TV Asahi Inc. to develop new customers and enhance corporate value

Entered into a capital and business alliance agreement with TV Asahi Corporation.

Transitioned from JASDAQ (Standard) to the Standard Market following a review of market classification by Tokyo Stock Exchange