Key Offerings
Conference Specifics
"Up-to-Date Trends in Securitization, M&A, and the Civil Rehabilitation Law"
April 19, 2001:  Keidanren International Hall (Otemachi), 11F

09:15-09:45		REGISTRATION
09:45-09:55		Chairman's Address:  Chairman: Yoshinobu Fukushima, Director, KPMG LLP
09:55-10:40		Recent Status and Revival Scenario of Japanese Companies  Hiroyuki Oshida, Partner, KPMG Business Advisory LLC Issues Concerning Japanese Companies' Balance Sheets Drivers and Methods of Asset Liquidation To Achieve Fundamental Changes
10:40-11:00		Morning Coffee/Tea Break
11:00-11:45		Issues in Lifting the Ban of Treasury Stock  Mitsuru Yoshikawa, Director, Legal and Tax Research Department,  Daiwa Institute of Research The Key Component of Shareholders' Equity Difference in the Taxation System; U.S. vs. Japan How to Adopt Treasury Stock in Japan's Market
11:45-12:30		Leveraged ESOP; Developments in the U.S. and Introduction to the  Japan's Market  Masahiko Igata, General Manager, Asset Management Research Division,  Nomura Research Institute Difference between the U.S. ESOP and the Japanese Existing Stock Plan (Jyugyoin Mochikabu-kai ESOP as Strategic Tools for Corporate Governance/ Corporate Finance Case Study Suggestions to Japan's Markets
12:30-13:30		Luncheon
13:30-14:15		Current State of The Reconstruction-Type Legal Framework and  Future Development  Kazuto Sakurai, Director, Ministry of Economy, Trade & Industry
14:15-15:00		The CRL Case Study: Sogo, Akai Electronics, and Rocket  Soichiro Fujiwara, Attorney at Law, Mori Sogo Law Office The Introduction of New Business Transfer Provisions and A Security Interest Extinguishing Scheme Unknown Risks Associated with the CRL Procedure How to treat DIP finance
15:00-15:20		Afternoon Coffee/Tea Break
15:20-16:05		Issues in Increasing Liquidity of Financial Institution's Loans  Yasutoshi Kita, General Manager, Asset Restructuring &  Alternative Investment Dept., Mizuho Securities U.S.-Japan Comparison of Loan Purchasing Relationship between the development of Market Value Accounting and Loan Purchasing Mark Unique Issues that hinders Japan's Market from being more liquid
16:05-16:50		Business Opportunities in Asset Acquisition in Japan  Moderator: Yoshinobu Fukushima, Director, KPMG LLP  Panelists:  Shinji Yoshikawa, Managing Director, Merrill Lynch Japan Securities  Mark Gabbay, Senior V.P., Lehman Brothers  Yasutoshi Kita, General Manager, Asset Restructuring & Alternative       Investment Dept, Mizuho Securities  Sonny Kalsi, Executive Director, Investment Banking, Morgan Stanley Dean Witter What are the securitized assets? Who are the players? What are the points in structuring?
16:50-17:00		Closing Comments