This excerpt taken from the IX 20-F filed Jun 26, 2009.
32. Subsequent Events
On May 29, 2009, our affiliate company, JOINT CORPORATION (Joint) which is listed on the Tokyo Stock Exchange, filed a petition for the commencement of corporate rehabilitation procedures with the Tokyo District Court.
The balance of the Company and its subsidiarys investment in Joint and its related party as of March 31, 2009 amounted to ¥10.7 billion ($109 million). As of June 25, 2009, the balance was ¥7.4 billion ($75 million) because a part of the investment was sold after the commencement of corporate rehabilitation procedures. As a result of the sale, the Company and its subsidiaries recognized a loss of ¥2.7 billion ($27 million).
In the foreseeable future, there is a possibility that the Company and its subsidiaries would be required to recognize further losses with respect to such investment, depending on the progress of the rehabilitation plan.