AS ONE CORPORATION is a Japan-based company principally engaged in the sale of scientific equipment and apparatus. The Company operates in two business divisions. The Research and Industrial Equipment division is engaged in the wholesale of equipment and apparatus, which is used by researchers and technicians, to scientific equipment dealers. This division is also engaged in the provision of product catalogs to dealers, as well as the import and sale of physics and chemistry equipment. The Hospital and Nursing Care division is engaged in the wholesale of equipment and apparatus, which is used by nursing care-related persons, to medical and nursing care institutions. In addition, through one of its subsidiaries, the Company provides logistics and storage services. As of March 31, 2012, the Company had three consolidated subsidiaries.