NIPPON PARKING DEVELOPMENT Co., Ltd. is a company mainly engaged in the parking lot business. The Company has two business segments. The Parking Lot segment is engaged in the direct management business, which purchases and operates nonperforming parking lots; the leasing business, which collects parking lot user-related information to attract users; the management business, which is involved in money collection, contract and parking lot operation activities for parking lot owners; the value added (VA) service business, which include due diligence activities for parking lots, and the provision of consulting services related to parking lot renovation and safety, as well as the car sharing business, which provides car sharing services. The Ski Resort segment acquires and operates ski resorts. As of July 31, 2012, the Company had nine consolidated subsidiaries. On December 13, 2011, the Company established a wholly owned subsidiary engaged in car sharing business in Tokyo.