Pioneer and Sharp Dissolve Joint Venture on Optical Disc

Pioneer Corporation and Sharp Corporation, which entered into a business and capital alliance, have agreed to dissolve their
capital alliance. The two companies are operating an optical disc business through a joint venture, and have agreed to continue their business alliance.

Reasons for dissolution
On September 20, 2007, Pioneer and Sharp agreed to establish a business and capital alliance to cooperate in such fields as optical disc business. Both companies have decided to dissolve the capital alliance as they have achieved the goals of the alliance, whose aim was to closely oversee the business alliance.