Yutaka Itabashi

Nomura Asset Management USA, Inc. (NAM-USA) is a registered investment advisor headquartered in New York City. The firm was founded in 1997 and is a wholly owned subsidiary of Nomura Asset Management Co., Ltd., which is wholly owned by Nomura Holdings, Inc. (TYO: 8604; NYSE: NMR) in Japan. NAM-USA offers discretionary investment management services to institutional clients such as corporate pension plans, US registered investment companies and non-US pooled investment vehicles.

Korea Equity Fund, Inc. is a non-diversified, closed-end investment company. It seeks long-term capital appreciation through investments primarily in equity securities of Korean industries. The company was founded on September 7, 1993 and is headquartered in New York, NY.

Nomura Funds Research & Technologies Co., Ltd. provides fund evaluation; investment advisory, agency and management services. It also engages in the planning, evaluation, information, and consulting services associated with investment products management and administration of financial instruments. The company was founded on June 20, 2000 and is headquartered in Tokyo, Japan.

Japan Smaller Capitalization Fund, Inc. is a non-diversified closed-end management investment company. It invests in smaller capitalization Japanese equity securities traded on the Tokyo, Nagoya, and JASDAQ Stock Exchanges, the Mothers, Centrex Markets, and other indices. The company was founded on January 25, 1990 and is headquartered in New York, NY.

Nomura Asset Management Co., Ltd. (NAM) is the wholly-owned investment management subsidiary of Nomura Holdings, Inc. (TYO: 8604; NYSE: NMR) in Japan. Founded in 1959 as Nomura Securities Investment Trust Co., Ltd., the firm became Nomura Asset Management Co., Ltd. in 1997 when they merged with Nomura Investment Management Co., Ltd. Headquartered in Tokyo, NAM provides investment advisory services globally to a broad range of institutional investors as well as pooled investment vehicles, including private funds and Japanese investment trusts.