Making people’s lives around the world richer through foodNishimoto Co., Ltd.
Financial Results Supplementary Materials for theSecond Quarter of the Fiscal Year Ending December 2018

August 14, 20182018 Nishimoto Wismettac Group All rights reserved.

Contents•

Summary of Financial Results for the Second
Quarter of the Fiscal Year Ending December 2018

P. 2

•

Forecast of Operating Results for the Fiscal YearEnding December 2018

P. 10

•

Policy of Returning Profits to Shareholders

P. 18

•

Medium-term Business Plan

P. 20

(Fiscal Year ending December 2018–
Fiscal Year ending December 2020)2018 Nishimoto Wismettac Group All rights reserved.

1

Summary of Financial Results for the Second Quarterof the Fiscal Year Ending December 20182018 Nishimoto Wismettac Group All rights reserved.

Summary of Financial Results for the Second Quarter of the Fiscal Year Ending
December 2018Net sales increased 4.2% year-on-year but decreased 2.3% against the plan. The major breakdown was a 4.4% increaseyear-on-year and a 0.9% decrease against the plan in the Asian Food Global Business and a 3.1% increase year-on-year
and a 4.6% decrease against the plan in the Agricultural & Seafood Products Trading Business.
Operating income for the Asian Food Global Business and the Agricultural & Seafood Products Trading Business (excluding
the North American region) increased compared with the previous year and exceeded the planned value, but operating
income for the North American region decreased. As a result, total operating income decreased 6.0% year-on-year and3.3% against the plan.
Quarterly net income increased 50.7% year-on-year and 0.1% against the plan due to a reduction in the U.S. corporate
tax rate.

(Unit: billions of yen; percentage to net sales is stated in parentheses)

FY ended December
2017 First half results

Net sales
Gross profit

Results

Operating income
Ordinary income
Net income attributable toowners of parent

FY ending December 2018
First half results

86.6

90.2

(100.0%)(100.0%)

14.6

15.3

(17.0%)(17.0%)

3.2

3.0(3.8%)(3.4%)

3.0

3.0(3.5%)(3.4%)

Changes year-on-year

+4.2%
+4.4%
−6.0%
+0.8%

Second quarter
forecast

92.3(100.0%)15.7(17.1%)

3.1(3.4%)

3.1(3.4%)

2.1

Difference between
results and plan

−2.3%
−2.6%
−3.3%
−1.4%

1.4

2.1

(1.7%)(2.4%)

Yen/Dollar exchange rate
(Average rate during the period)

112.37 yen

108.68 yen−3.69 yen

110.00 yen−1.32 yen

Quarterly net income per share *115.95 yen

152.11 yen+31.2%

151.93 yen+0.1%+50.7%(2.4%)+0.1%* The Company carried out a five-for-one common stock split on June 1, 2017. Quarterly net income per share was calculated on the assumption that the stock split had
been conducted at the beginning of the previous fiscal year. The average number of shares during the period for the calculation of the quarterly net income per share
was 12,493,240 shares in the first half of the fiscal year ended December 2017 (taking the stock split into consideration) and 14,353,087 shares in the first half of the
fiscal year ending December 2018.

2018 Nishimoto Wismettac Group All rights reserved.

3

Operating Results by Segment for the Second Quarter of the Fiscal Year Ending
December 2018
Asian Food Global Business:Net sales increased 4.4% year-on-year and decreased 0.9% against the plan due to development of new customers andexpansion of existing customers in the North American region and other regions (a 3.4 % increase year-on-year in North
America [a 6.9% increase on a local currency basis] and a 10.8 % increase year-on-year in other regions on a consolidated
yen basis).
On the whole, operating income decreased 18.5% year-on-year and 11.1% against the plan due to the decrease comparedwith a year earlier and also against the planned value in North America. In the regions other than North America, operating
income increased from a year earlier and against the planned value, hence the business base has been expanded.

Agricultural & Seafood Products Trading Business:Net sales increased 3.1% year-on-year due mainly to the increase in exports and arrangement of offshore trade, but
decreased 4.6% against the plan reflecting the fact that the number of purchases of tropical foods and vegetables was
temporarily adjusted. However, net income increased from a year earlier and against the planned value.

Other business: Both net sales and net income increased from a year earlier, but decreased against the plan.
Sales to external customers(Unit: billions of yen)

FY ending December 2018

FY ended December
2017 First half
results

First half results

Asian Food Global Business

58.00

Agricultural & Seafood
Products Trading Business
Other business
Total

Operating income

Asian Food Global Business
Agricultural & Seafood
Products Trading Business
Other businessChanges year-on-year

Second quarter
forecast

60.56

+4.4%

61.09

−0.9%

26.99

27.83

+3.1%

29.17

−4.6%

1.64
86.64

1.85
90.25

+12.2%
+4.2%

2.06
92.33

−10.3%−2.3%

Difference between
results and plan

FY ending December 2018

FY ended December
2017 First half
results

First half results

3.10

Changes year-on-year

Second quarter
forecast

2.52−18.5%

2.84−11.1%

0.15

0.53+233.7%

0.48

+9.4%

−0.01
3.26

0.02
3.06

—
−6.0%

0.05
3.16

−60.5%−3.3%

Total
2018 Nishimoto Wismettac Group All rights reserved.

Difference between
results and plan4Operating Income for the First Half of the Fiscal Year Ending December 2018
Compared to the same
period in the previous year

North
America−0.69
Other thanNorth America+0.18

Exchange rate (US Dollar)
First half of FY 2017: 112.37 yen
First half of FY 2018: 108.68 yen
Agricultural& Seafood
Products
Trading
Business
+0.37

Other
＋0.03

Adjustment for
consolidation−0.02

FX (North
America)−0.06(Unit: billionsof yen)Main factors for a decrease from the same period a year earlier in North America

3.26(1) After the late first quarter of FY 2018, costs increased reflecting that a material
shortage of rice, a basic food item, caused lowered supply from suppliers,
which reduced profit margins. Despite having raised wholesale prices,
operating income for the first half was greatly pressured. In addition, in thesame period of the previous year, prices were raised in anticipation of risingcosts of rice, laver, etc. Therefore operating income was temporarily increased.

3.06(2) Expenses of the logistics department, including personnel expenses andgasoline prices, increased (continuing from the previous year).
Results for first half of FY
ended December 20172018 Nishimoto Wismettac Group All rights reserved.

Results for first half of FY
ending December 2018

5

Operating Income for the First Half of the Fiscal Year Ending December 2018

Comparison withthe plan

Exchange rate (US Dollar)
First half of FY 2018 (plan): 110.00円
First half of FY 2018 (results):108.68円

Agricultural& SeafoodNorth
America−0.31

Other than

Products

North

Trading

AmericaBusiness

+0.10

+0.04

Adjustment

Other

−0.03

Politicalfor

FX (Northexpensesconsolidation

America)

+0.07

−0.02

+0.04

(Unit: billionsof yen)Supplementary note regarding comparison with the plan

- Operating income for the Agricultural & Seafood Products Trading Business increased
at a pace exceeding the plan in regions other than North America, but did not reachthe extent of making up for the negative contribution of the North American region.

3.16- Operating income in the North American region decreased against the plan reflecting
reduced profit margins due to a supply shortage of rice and rising costs and also due tothe rising costs of tuna and yellowtail.
- In addition, expenses of the logistics department, including personnel expenses andgasoline prices, increased.

30.6- Making efforts to improve earnings by further strengthening the structural reforms(improvement in profit margins and restraint of logistic costs) the Company has been
striving to achieve.

Plan for first half of FY
ending December 20182018 Nishimoto Wismettac Group All rights reserved.

Results for first half of FY
ending December 20186

Reference: Supplementary Note Regarding (Existing) Business in North America

First half-year review and second half-year issues of (existing)business in the North America region
Second half-year issues

First half-year review
Failure to achieve the plan for gross profits:- Gross profit (margin) worsened due to risingcosts of the “food materials” category (rice,seafoods, etc.) and a supply shortage of rice
Increasing selling, general and administrative
expenses:- Increasing logistic costs, including personnel
expenses and gasoline prices

Gross profits:- Ensuring stable profits in the current situationof changing costs and unstable procurement
Selling, general and administrative expenses:- Further strengthening undertakings(countermeasures) against increasing logistic
costs→ Creating company-level countermeasures andhaving started specified approaches(1) Ensuring stable gross profits- Ensure gross profits by further
strengthening procurement powerand sales control of “food materials”
categories (rice, seafoods, etc.)
subject to changes in costs andmarkets- Further improve gross profit margins
of “food items” categories less subject
to changes in costs and markets(2) Improving the efficiency ofwork in warehouses anddeliveries- Review delivery routes (efficiency)- Shorten delivery time per delivery
destination- Shorten picking work hours inwarehouses- Improve work efficiency by reviewing
handling items

2018 Nishimoto Wismettac Group All rights reserved.

(3) Reviewing profit management
for each customer- Focus on individual profit
management for each customer
based on company-level unified
standards(Review delivery efficiency andmerchandise configurations reflecting
the actual workplaces)7

Consolidated Balance Sheet (Summary)(Unit: billions of yen)

End ofDecember 2017

End ofJune 2018

Amount/rate ofincrease (decrease)

Main reasons for changes- Cash and deposits (−1.1)

Current assets

75.6

74.7

−0.9

Non-current
assets

8.6

8.1

−0.5

84.3

82.8

−1.4

Current liabilities

19.6

21.2

+1.5

- Notes and accounts
payable (+1.2)

Non-current
liabilities

14.9

11.7

−3.1

- Long-term loans payable(−3.1)

Total liabilities

34.5

32.9

−1.6

Total net assets

49.7

49.9

+0.1

Total liabilities andnet assets

84.3

82.8

−1.4

Shareholders’ equity
ratio

59.0%

60.2%

+1.2 pt

Current ratio

385.1%

352.3%−32.8 pt

Total assets

2018 Nishimoto Wismettac Group All rights reserved.

8

Consolidated Statement of Cash Flows (Summary)(Unit: billions of yen)First half of FY
ended December
2017

First half of FY
endingDecember 2018

Changes
year-onyear

Cash flows from operating activities

1.5

3.5

+2.0

Cash flows from investing activities

−0.5

−0.2

+0.3

1.6

−3.9

−5.6

−0.4

−0.5

0.0

First half of FY
ended December
2017

First half of FY
endingDecember 2018

22.9

31.2

+8.3

2.2

−1.2

−3.4

25.1

30.0

＋4.9

Cash flows from financing activities

Translation adjustments

Cash and cash equivalents

Beginning Balance

Changes during the periodEnding balance

2018 Nishimoto Wismettac Group All rights reserved.

Changes
year-onyear

Main reasons for changes- Corporate tax (mainly
North America）(−0.8)- Quarterly net income
before tax (+0.5)- Repayment of loans
payable (short- and longterm) (−4.6)

Main reasons for changes

9Forecast of Operating Results for the
Fiscal Year Ending December 2018
* The forecast of operating results has not been changed from the figures
released on February 14, 2018.

2018 Nishimoto Wismettac Group All rights reserved.

Forecast of Financial Results for the Fiscal Year Ending December 2018
(Unit: billions of yen, percentage to net sales isstated in parentheses)
FY ended
December 2017
Full-year results
Net sales
Gross profit

FY ending December 2018
First half of FY
results

172.0

90.2

(100.0%)(100.0%)

29.8

15.3

(17.3%)(17.0%)

OperatingOperating income
results

6.3

3.0(3.7%)(3.4%)

Ordinary income

5.9

3.0

(3.4%)(3.4%)

Progress rate/
Difference between
forecast and results

48.8%
48.0%
45.2%
46.1%

Full-year forecast Changes yearon-year

184.8(100.0%)31.9(17.3%)

6.7(3.7%)

6.6(3.6%)+7.1%+7.1%+12.9%Net income attributable toowners of parent

3.0

2.1

(1.8%)(2.4%)

Percentage of North America(Net sales)

58.9%

—

—

57.3%

−1.6 pt

Percentage of North America(Operating income)

78.6%

—

—

77.2%

−1.4 pt

ROWC *1

20.3%

—

—

21.8%

＋1.5 pt

Yen/Dollar exchange rate
(Average rate during the period)

112.19 yen

108.68 yen−1.32 yen

110.00 yen−2.19 yen

Net income per share *2

236.37 yen

152.11 yen—

324.98 yen+37.5%

Group KPI

46.8%

4.6

+7.4%

(2.5%)+52.1%(*1) Operating income for the current fiscal year / ([Working capital at the end of the previous fiscal year + Working capital at the end of thecurrent fiscal year] / 2)(*2) The Company conducted a five-for-one common stock split on June 1, 2017. Net income per share was calculated on the assumptionthat the stock split was conducted at the beginning of the previous fiscal year.
2018 Nishimoto Wismettac Group All rights reserved.

11

Forecast of Operating Results by Segment for the Fiscal Year ending December 2018

Sales to external customers(Unit: billions of yen)

FY ended December
2017

Asian Food Global Business

Full-year results

First half of FY
results

Progress rate

118.44

60.56

48.3%

125.43

+5.9%

49.64

27.83

50.8%

54.84

+10.5%

3.99

1.85

40.8%

4.53

+13.6%

172.07

90.25

48.8%

184.81+7.4%

Agricultural & Seafood Products
Trading Business
Other business
Total

FY ending December 2018
Full-year
forecast

Operating income

Changes yearon-year(Unit: billions of yen)

FY ended December
2017

FY ending December 2018

Full-year results

First half of FY
results

Progress rate

Asian Food Global Business

5.69

2.52

40.5%

6.24

+9.6%

Agricultural & Seafood Products
Trading Business

0.43

0.53

68.8%

0.77

+79.0%

Other business

0.17

0.02

10.5%

0.19

+12.3%

Adjustment

0.01

−0.01

—

−0.44

—

Total

6.32

3.06

45.2%

6.77

+7.1%

2018 Nishimoto Wismettac Group All rights reserved.

Full-year
forecast

Changes yearon-year

12Approach to Issues in FY 2018
<Asian Food Global Business>
IssuesApproach

Progress(1)

In the North American region, aim at a stableprofit contribution by maintaining stable growth ofexisting businesses as well as promoting structuralreforms and streamlining.

In the North American region, a specific plan forstructural reforms was created and put into practice.
However, specified achievements are expected after
the second half of FY 2018.

Average(2)

In other regions, put approaches for business
infrastructure construction on track, and achieve
profitability

There is some difference in each base, but progresshas basically been made as planned.

Good

(3)

Balance the structural reforms (Private Branding,system changes, etc.) of existing businesses andchallenges to new business.

In both existing and new businesses, our approach
has achieved a certain level of advancement. Specified
achievements are expected after the second half of FY
2018.

Average<Agricultural & Seafood Products Trading Business>
IssuesApproach

Progress(1)

Rebuilding of the domestic and fruit and vegetablebusiness: Response to price fluctuations,development of alternative production areas andfood items.

In terms of profits, the business recovered from thedifficult conditions faced in FY 2017 and progress has
been made at a slightly faster pace than the plan.
Development of alternative production areas and fooditems has been performed.

Good

(2)

Increase revenues in businesses other than thedomestic and fruit and vegetable business:
Development of an earnings structure that does
not depend solely on domestic and fruits andvegetables business → Expansion into handlingother food items and their sales channels

The business areas of both food items and sales
channels have basically expanded as planned.

Good

(3)

Further focus on exports and offshore trade.

Exports and offshore trade have increased at a much
faster pace than the plan, which contributed to anincrease in the overall figures.

2018 Nishimoto Wismettac Group All rights reserved.

Excellent13

Approach to Issues for Each Segment(1-1) Asian Food Global Business in North America – (1)Approach to structural reforms (existing business) in North America- Improvement of gross profit

Reviewing commodity configurations focusing on
PB items- Continue to promote the development of highly profitable PB
items and aim at well-balanced commodity configurations
including NB items- Reduction of selling, general andadministrative expenses ratio

Improving the efficiency of work in warehouses- Shorten picking work hours in warehouses- Improve work efficiency by reviewing handling items

Reviewing profit management for each customer- Focus on individual profit management for each customer
based on company-level unified standards(Review delivery efficiency and merchandise configurations
reflecting the actual workplaces)

Strengthening procurement power- Strengthen procurement power on a global basis by utilizing
scale advantages including bases other than those in North
America.
2018 Nishimoto Wismettac Group All rights reserved.

Improving the efficiency of deliveries- Review delivery routes (efficiency)- Shorten delivery time per delivery destination

14

Approach to Issues for Each Segment(1-1) Asian Food Global Business in North America – (2)Approach to new business in North America (food items and sales channels)- New food items: Development of new“content” by utilizing our “platform”- New sales channels: Development of
new markets where “there are no chefs
for Japanese foods ”

Business modelBusiness model

Japanesefoods“Content”

NewbusinessNewbusiness

Development offood items not
restricted byconventional
Japanese foods

Logistic infrastructure(warehouses, trucks, etc.)

Existing sales
channels
There are chefs
who can cook
Japanese food.

“Platform”

New saleschannels
Our
food
items

There are no chefs
who can cook
Japanese food.

ExamplesNew food items

New contents (food items/proposal)

New sales channels

Sushi set Our materials enable any person to makesushi rolls easily.

Vegetable fish Processing tomatoes to be
similar to tuna. There are an increasing
number of people who want to eat meals forvegetarians in Europe/America. Target thesehighly health-conscious people.

Frozenrice

Laver/
ingredients2018 Nishimoto Wismettac Group All rights reserved.

Sushi
items
Complete image

Topping- Cafeterias of colleges
Sales
channels
without
chefs forJapanesefoodand IT companies, etc.
- High-end restaurants(steakhouses etc.)- Pre-cooked foodcorners etc. atsupermarkets

15

Approach to Issues for Each Segment(1-2) Asian Food Global Business in other regions
Development of a network in other regions in accordance withthe expansion of markets
The number of overseas Japanese food restaurants
While the number of overseas Japanese restaurants was about 30,000 in 2010, it increased to about 118,000 in 2017:
North America 25,300 (1.8x increase); Europe 12,200 (4.9x increase); Asia 69,300 (6.9x increase); Oceania 2,400 (2.4xincrease), etc. *- The number of overseas Japaneserestaurants increased fourfold in seven years.

Africa120,000- Past development of overseas
bases in Europe

Dutch corporation
Established in 2014

Middle East

100,000

Russia- Past development of overseas bases in
Asia/Australia
Seoul representative office(Opened in 2018)
Shanghai (Chinese corp.)(Established in 2008)

SSP (German corp.)
Contributed in 2017
Bangkok representative
office (Opened in 2011)

80,000

Nippon Foods (HKcorp.) (M&A in 2016)

Oceania

60,000

Ho Chi Minh representative
office (Opened in 2018)

Latin
America

40,000Europe20,000North

Australian corp. (4 offices)(Established/opened in 2012)

Comptoirs (French corp.)
Contributed in 2017

America

0
2010

2017

Asia

Harro Foods (English corp.)
M&A in 2016

Singaporean corp.
(Established in 2011)* Source: Ministry of Agriculture, Forestry and Fisheries estimates, based on Ministry of Foreign Affairs research. Figures as of 2017; figures in brackets show thecomparison with 2010.

2018 Nishimoto Wismettac Group All rights reserved.

16

Approach to Issues for Each Segment(2) Agricultural & Seafood Products Trading Business
Improvement of profitability of existing businessand approaches to new business
Issues of existing business:
Improvement of profitability

Issues of new business:
Expansion of business areas
Approaches to new businessApproaches to existing business

Sales channels (Japan)
Mass
sale

Japan

Maker

Citruses

Tropicalbananas

Vegetables- Development of best
approaches to eachsales channel toimprove profitabilityof each food item

Frozen processedfoods2018 Nishimoto Wismettac Group All rights reserved.

Food items

Fruits and vegetables

Food items

Whole
sale

Restaurant
foods/Snack
foods

Sales channels

Fruits andvegetables- Wholesale of fruits andvegetables by a subsidiaryin China

Overseas- Strengthening export ofdomestic fruits andvegetables (small-sized
apples etc.) for China andSoutheast Asia and offshoretrade- Strengthening procurement
power of domestic fruit andvegetables and domestic
sales

Frozenprocessed
foods- Strengthening sales
through domestic retailchannels

Seafood,
Agricultura
l foods- Sales of food items incooperation with Asian
Food Global Business17

Policy of Returning Profits to Shareholders

2018 Nishimoto Wismettac Group All rights reserved.

Policy of Returning Profits to Shareholders
Policy In regard to profit distribution, the Company’s basic policy is to continue providing stabledividends while striving to maintain retained earnings for developing future businesses andimproving financial strength.
 The Company considers the payout ratio to be an important index, and aims at maintaining a
consolidated payout ratio of about 30% every year.
 The amount of dividend for the fiscal year ending December 2018 is projected to be 95 yen peryear (40 yen for interim results and 55 yen for year-end forecast).

Dividend per share(yen)

95 yen100

70 yen75

Payoutratio ofabout 30%

55
Year-end
dividend

50

40

25

Interimdividend

0
FY ended December 2017

FY ending December 2018 (Result(Results)

for interim dividend / Forecast for
year-end dividend)2018 Nishimoto Wismettac Group All rights reserved.

19

Medium-term Business Plan
(Fiscal Year ending December 2018–Fiscal Year ending December 2020)2018 Nishimoto Wismettac Group All rights reserved.

Basic Policy of the Medium-term Business Plan On the premise of stable growth of existing businesses, build up a “foundation” of new businesses and “cultivate” them

Existing businessStable growth Mature North American market
 Domestic fruits and vegetables
business
 Contribute to profit by global
development in regions otherthan North America

Improvements in
productivity andtechnological innovation in
the agricultural, fisheryand livestock industry“Agritech”

Diversification ofneeds
Rise of the millennial
generation/Different cultures

2018 Nishimoto Wismettac Group All rights reserved.

New business
From B2B(C) to B2B,
promote the following: Attract corporate demand Develop and expand new content
 Export fruits and vegetables fromJapan and arrange offshore trade Strengthen the platform

Amazon effectDistribution
innovation/Contradiction andcoexistence of the Internet
and reality

Internet of Things(IoT)/Artificial Intelligence
(AI)

21

Medium-term Business Plan: Net Sales and Operating Income by
Segment(Unit: billions of yen)
Net sales

FY ending December 2018 FY ending December 2019 FY ending December 2020
FY ended
December
Changes
Changes
Changes
Forecast
Plan
Plan
2017 Results
year-on-yearyear-on-yearyear-on-year

Asian Food Global Business

118.4

125.4

+5.9%

133.5

+6.5%

159.3

+19.3%

Agricultural & Seafood
Products Trading Business

49.6

54.8

+10.5%

60.5+10.4%

64.4

+6.5%

3.9

4.5

+13.6%

4.8

+6.6%

5.1

+6.5%

172.0

184.8

+7.4%

198.9

+7.6%

229.0

+15.1%

Other business
Total(Unit: billions of yen)
Operating income

FY ending December 2018 FY ending December 2019 FY ending December 2020
FY ended
December
Changes
Changes
Changes
Forecast
Plan
Plan
2017 Results
year-on-yearyear-on-yearyear-on-year

Asian Food Global Business

5.6

6.2

+9.6%

6.7

+7.3%

7.7

+15.8%

Agricultural & Seafood
Products Trading Business

0.4

0.7

+79.0%

0.9+19.1%

1.0+16.0%

Other business

0.1

0.1

+12.3%

0.2+43.7%

0.3+16.0%

Adjustment

0.0

−0.4

—

−0.1

—

−0.1

—

Total

6.3

6.7

+7.1%

7.7

+14.6%

9.0+16.1%

2018 Nishimoto Wismettac Group All rights reserved.

22

Making people’s lives around the world richer through foodNishimoto Co., Ltd.

2018 Nishimoto Wismettac Group All rights reserved.

Disclaimer
These materials are intended to provide financial information, management information, etc. of Nishimoto Co.,
Ltd. and its affiliated companies (hereinafter collectively referred to as “the Company”), but the Company
makes no representation or warranty regarding the content of these materials.
The plans, strategies, operating results forecasts, etc. of the Company in these materials may include
information on forward-looking statements, which are based on information currently available to theCompany, and include risks and uncertain elements in relation to economic trends, competition in the industry,market demand, foreign exchange rates, taxation system, various systems, etc. Therefore, actual operating
results that will be published in the future may differ due to these elements, and the Company does notassume any liability for any damage arising from the use of information in these materials. Furthermore, theCompany is under no obligation to revise and publish future forecasts in these materials based on new
information or future events.
The Company pays close attention when preparing these materials; however, if there are any errors in theinformation presented, falsification of data by a third party, or any failure arising from download of data, etc.,
the Company does not assume any liability for any damage caused by such actions for any reason whatsoever.
We appreciate your understanding regarding this matter.
The information in these materials is not intended to solicit investments. When any investment is actuallymade, please refrain from completely relying on the information in these materials to make an investment
decision, and make the decision based on your own judgment.
Contact

Management Planning Department
Nishimoto Co., Ltd.
TEL: 03-6870-20152018 Nishimoto Wismettac Group All rights reserved.