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TheStreet Open House

Our Position Regarding Asahi Shimbun's Response

A material on which this particular allegation by Asahi Shimbun is based has not been presented to us (we simply requested to present the confidential materials which Asahi Shimbun claims one of ours, and there seems to be no reason for Asahi Shimbun to keep it confidential.) Therefore, we are unable to validate the said material. However, the alleged background against which the material was prepared is unusual, and also there can exist no such document in the administration of our Company. Although Asahi Shimbun indicates new evidence, instead of presenting the said material, which has no probative value at all. After all, we have to come to a conclusion that the aforementioned news report must be considered to be false or mendacious, and now it is clear, in our opinion, that it lacks "accuracy and fairness" as stipulated by the Japan Newspaper Publishers and Editors Association. That's the reason we would hereby make this matter public.

We therefore request Asahi Shimbun to admit this particular allegation was incorrect and to express apologies. In the event that the request is not accepted, our Company has to file a litigation or take any other measures to restore itself from the damage it incurred.

CONTACT: MEDIA CONTACTS:
         Universal Entertainment Corporation (JASDAQ Code: 6425)
         Contact: PR&IR OFFICE Nobuyuki Horiuchi, Assistant General Manager
         Email address: ir@universal-777.com
         Ariake Frontier Bldg, A, 3-7-26 Ariake, koto-ku, Tokyo, 
         135-0063  JAPAN
         TEL: +81-3-5530-3055 (switchboard)

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