Dear valued Noritsu customer, Noritsu`s parent company, Noritsu

Dear valued Noritsu customer,
Noritsu's parent company, Noritsu Koki Co., Ltd. (NKC), recently announced that its shares in the Imaging
Division, NK-Works (NKW), will be transferred to a new and more progressive company. Also based in
Japan, the purchasing company is known as LifeStyle Japan Limited Partnership. This is an exciting
undertaking for NKW, and please rest assured that our operations in the United States and Canada will
continue as soundly as before.
When the photo imaging industry started its slow decline, NKC began to explore diverse ventures outside of
the traditional imaging realm. They were successful in establishing several new companies within three distinct
industries - medical, agricultural, and environmental. NKC's concentration gradually shifted away from
imaging, and Research and Development, investments, and other finite resources were refocused towards these
new endeavors.
During this time, a very innovative and energetic company, LifeStyle Japan, also began expanding beyond its
core business. Searching for acquisitions that aligned with their targeted customer base and style of business,
they came upon NKW. The match was built on a solid foundation of interest, advancement, and investment
strategy. Soon, an agreement was reached for LifeStyle Japan to purchase NKW.
Upon final approval of the NKC shareholders, this transaction will take effect on February 26, 2016.
As the president of NKW, Mr. Fujimoto still expresses his commitment to the imaging business and industry
as a whole. The Noritsu that introduced the One-Hour Photo Lab to the world and so many other exceptional
products and innovations since, will continue to do so without interruption. Our new shareholders are
dedicated to NKW's continued success and are excited to put our collective and united resources to work for
you.
On behalf of everyone in the NKW family in Japan and overseas, we thank you for your understanding, as well
as your past and continued support.
Sincerely,
Motohiro Akai
President & CEO
Noritsu America Corporation
Noritsu Canada Limited
Noritsu America Corporation
6900Noritsu Avenue. Buena Park, CA 90620 USA
Noritsu Canada Limited
2680Argentia Road Mississauga, Ontario L5N 5V4.CANADA