Financial advisors Value Ranking Market Value Number

including (year share including of

net debt earlier) net debt deals

of target (million of target

yen) ($ million)

Mitsubishi UFJ Morgan Stanley 4,855,701.0 1 (5) 38.8 48,119.9 48

Goldman Sachs & Co 2,572,456.2 2 (3) 20.5 25,830.2 27

Nomura 2,279,275.4 3 (4) 18.2 22,897.1 98

Sumitomo Mitsui Financial Group Inc 2,263,799.8 4 (12) 18.1 22,656.6 128

Credit Suisse 2,228,725.0 5 (11) 17.8 21,814.2 10

Bank of America Merrill Lynch 2,062,971.8 6 (6) 16.5 20,438.7 21

Centerview Partners LLC 1,633,053.3 7 (59) 13.0 15,858.2 2

Mizuho Financial Group 1,211,812.0 8 (1) 9.7 12,207.1 129

Daiwa Securities Group Inc 1,054,541.4 9 (16) 8.4 10,540.3 64

JP Morgan 987,176.0 10 (2) 7.9 9,808.0 22

Outbound M&A deals by Japanese companies:

Period Total value of Total value of Number of

deals (million yen) deals (million $) deals

4/1/2009 - 3/31/2010 2,713,223.4 29,396.7 374

4/1/2010 - 3/31/2011 3,102,716.7 36,698.3 558

4/1/2011 - 3/31/2012 5,739,240.8 72,051.0 642

4/1/2012 - 3/31/2013 6,474,037.9 74,094.2 700

4/1/2013 - 6,168,840.7 61,056.9 582

Inbound M&A deals targeting Japanese companies:

4/1/2009 - 3/31/2010 671,912.1 7,434.9 173

4/1/2010 - 3/31/2011 981,376.8 11,522.8 174

4/1/2011 - 3/31/2012 1,054,282.2 13,515.5 146

4/1/2012 - 3/31/2013 629,702.2 7,848.0 117

4/1/2013 - 1,232,658.3 12,439.3 99

Domestic M&A deals involving Japanese companies:

4/1/2009 - 3/31/2010 8,426,920.6 92,009.0 2,235

4/1/2010 - 3/31/2011 5,788,847.4 68,630.0 1,830

4/1/2011 - 3/31/2012 6,726,743.8 86,087.6 1,794

4/1/2012 - 3/31/2013 5,229,178.2 63,243.7 1,778

4/1/2013 - 4,415,368.6 44,096.1 1796

Quarterly outbound M&A deals by Japanese firms:

Period Total value of Total value of Number of

deals (million yen) deals (mln $) deals

Q1 2013 566,215.6 6,104.6 132

Q2 2013 748,723.4 7,574.5 163

Q3 2013 1,815,059.8 18,045.6 148

Q4 2013 1,537,886.6 15,327.8 172

Q1 as of 3/23/2014 2,067,171.0 20,109.0 99 nL4N0ML3SH