November 20, 2000

Fusion Increases Capitalization to 1.6 Billion yen

Fusion Communications Corporation was established on March 13, 2000 with an initial capitalization of 100 million yen. Fusion's paid-in capital was subsequently increased to 400 million yen, and has now been increased to a total of 1.6 billion yen through investments by two additional shareholders: ITX Corporation and Nissho Iwai Corporation.

Subsequent to the capital increase, Fusion's equity position by shareholder is now as follows: Nissho Electronics Corporation 54.8%; Furukawa Electric Co. Ltd. 20%; ITX Corporation 15%; Nissho Iwai Corporation 5%; NTT Data Corporation 3%; and Fusion management personnel 2.2%.

Fusion plans to further increase its capitalization to approximately 8.0 billion yen when customer services are initiated in the spring of 2001.