Company Outline / Stock Information

Company Outline / Stock Information■ Company Outline (As of March 31, 2014)■ Stock Information (As of March 31, 2014)

Tokyo Boeki Group

Total Number of Authorized Shares

Tokyo Boeki Holdings Corporationand 19 group companies

Established

October 30, 1947

Capital Stock

5.0 billion yen(Shareholders’ equity: 16.5 billion yen)

Employees

954

38,519,920 shares

Total Number of Stocks Issued

Common Stock 5,045,165 sharesClass A Preferred Stock 1,700,000 shares

Head Office
Tokyo Boeki Holdings Corporation(Pure holding company) 2-13-8 Hatchobori, Chuo-ku, Tokyo 104-8510 Japan■ Executives of Tokyo Boeki Holdings Corporation (As of June 27, 2014)

Number of Shareholders

121
Numbers ofstocks held

Ratio of
Shareholding

Tokyo Boeki Ltd.

1,700,000 shares

25.20%

Tokyo Boeki Employee Share Holding Commission

846,000 shares

12.55%

Tokyo Marine & Nichido Fire Insurance Co., Ltd.

498,000 shares

7.38%

The Toa Reinsurance Company, Limited

408,000 shares

6.05%

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

249,000 shares

3.69%

Nippon Life Insurance Company

120,000 shares

1.78%

Name of Shareholder* 1,700,000 shares of Tokyo Boeki Ltd. are Class A Preferred Stock.

Board of Directors
Representative Director, Chairman and CEO

Supervision of group management

Director, Executive Vice President

Responsible for Group management strategy Hideya Goami

Director Executive Vice President
Director, Executive Vice President

Our Group Website

Hiroshi Machida

Responsible for Group new products
Takao Iguchi
and new technology strategy
Responsible for Group new management
Toshiaki Ueda
system strategy

Director, Executive Vice President

Responsible for Group new business strategy Tomihiro KatoManaging Director

Supervision of Group Administration Division
Ikuro Kida
and Group Business Support Division

A variety of contents are available on the website, including the latest
news from the Company and an introduction to our business.

http://www.tokyo-boeki.co.jp/

Board of Corporate Auditors
Standing Corporate Auditor Toshihiko Kezuka
Corporate Auditor

Yoshimi Ito

Corporate Auditor

Yasuhiro Numata

TOKYO BOEKI GROUP
2-13-8, Hatchobori, Chuo-ku, Tokyo 104-8510 Japan
TEL: 03-3555-7211 FAX: 03-3555-7079

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Active all over the worldTOKYO BOEKI GROUP
Annual Report
April 1, 2013 – March 31, 2014

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Active all over the world
Carrying on the “three founding spirits (TOMAS spirit)” and “management ideals
and values” of the Tokyo Boeki Group, we are promoting “Tokyo Boeki Group
Federated Management” as an independent, business-creating corporate group.

Three founding spirits = TOMAS spirit
1. Mindset to overcome any obstacle and to never reduce our efforts
2. Mindset of a pioneer
3. Mindset of management among all employees

Management Ideals and Values
The Tokyo Boeki Group aims to be an inspirational company that allows
employees to realize their dreams through their work. Each employee
will take pride in themselves and contribute to the world.
Generating synergistic effects“Tokyo Boeki Group Federated Management”
Energy Machinery Industry Group
ENERGYHHEADQUARTERS
Tokyo Boeki Holdings Corporation

TOKYO BOEKI MACHINERY LTD.
NIIGATA LOADING SYSTEMS, LTD
TOKYO BOEKI MECHANICS LTD.

Technology, Automobiles and Information Industry GroupTOKYO BOEKI TECHNO-SYSTEM LTD.
T-BICS INC.
TECHNOLOGY T.B. TECH CO., LTD.
TOKYO BOEKI NORTH AMERICA, INC.
TBTS (THAILAND) CO., LTD.
TTS (GUANGZHOU) CO., LTD

Resource, Metal and Materials Industry GroupRESOURCETOKYO BOEKI STEEL & MATERIALS LTD.
TOKYO BOEKI (AUSTRALIA) PTY. LTD.
TOKYO BOEKI (CHINA) LTD.
TOKYO BOEKI (BEIJING) LTD.

Medical, Life and Science Industry GroupSCIENCETB-eye LTD.
TOKYO BOEKI TECHNOLOGY LTD.
TOKYO BOEKI MEDISYS INC.
TOKYO BOEKI (RUS) LTD.
TOKYO BOEKI (U.S.A.), INC.
MONITOR PRODUCTS, INC.

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Message from the CEO
I hope that all of our shareholders are doing well and I
would like to express my appreciation for your loyal support.
In order to reinforce its financial structure and maintainand improve soundness of our management, Tokyo Boeki
Holdings Corporation has increased its capital stock to
5.0 billion yen in February of this year. We will continue
to deepen our unique management style of “Tokyo Boeki
Group (TB-G) Federated Management” as we strive tomeet the expectations of our shareholders.
I would like to take this opportunity to deliver our company’s 94th term annual report (April 1, 2013 - March 31,2014), as well as to give a brief message regarding thestatus of our company.
Regarding the global economy in fiscal year 2013, although stagnation could be seen in the Asian economy,
global economy was in a recovery trend mainly amongdeveloped nations, particularly in the United States. Meanwhile, the Japanese economy made steady progressin breaking out of deflation and progressed toward fullfledged economic revitalization, backed by the far-reaching effects of monetary and financial policies, as well as
expansion in public and housing investment in addition torecovery in exports, personal consumption, and capital
investments.
Amidst this management environment, TB-G strove tomaximize corporate value and realize continuous growthand development through the provision of specialized
proprietary businesses and services with consistently highstandard in areas ranging from marketing to manufactur-

Message from the CEOing, sales and maintenance for our four groups of “Energy
Machinery Industry,” “Technology, Automobiles and Information Industry,” “Resource, Metal and Materials Industry,”and “Medical, Life and Science Industry.”
As a result, net sales for the 94th term increased bynearly 10% from the previous fiscal year to 48,780 million
yen, and we successfully realized recorded-high profits of
3,470 million yen.
This term’s dividend amount will be 14 yen per stock. Furthermore, in order to commemorate the increase of capital
to 5.0 billion yen, a commemorative dividend of 3 yen perstock will be added to bring the total dividend to 17 yen
per stock. This amount realizes the basis of distribution toshareholders in a continuous and stable manner, even as
our company secures the internal funding necessary for
active investment in existing businesses and new businesses.
TB-G is approaching an important turning point in its next
term, where management will be handed over to the next
generation. Under the leadership of each Group company
president, we will tackle the management challenges facing us now in order to enable the succeeding personnel toforge ahead toward the next generation of growth, while
linking this to development of TB-G Federated Management as we pursue the group’s ambitious goals defined inthe 30-Year Vision formulated in 2007.
I would like to ask all of our shareholders for your continued support and encouragement in the future.
June 2014

8.9%
48,780million yen (Upyear-on-year)
7.9%
Operating Income 3,233million yen (Upyear-on-year)

Net Sales

Ordinary Income

14.2%
3,470million yen (Upyear-on-year)

Net Income

2,146(Up 25.1%
million yen year-on-year)

Hiroshi Machida
Chairman and CEO,Tokyo Boeki Group2

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Segment Information(Percentage represents ratio of sales)

34%

Energy Machinery Industry Group

16,498million yen 128% year-on-year
Operating
2,537million yen 117% year-on-year
IncomeSales

Business Description
The Energy Machinery Industry Group is engaged in development, manufacturing, and sales of fluid loading equipment andrelated devices, various kinds of gas-related machinery, power
generation-related devices and equipment, environment-related
devices and others for the energy-related industries including
electric power, gas, oil, and petrochemistry. For fluid loading machinery, the core product, superior products are offered to users
around the world under the integrated system of manufacturing
and sales of Tokyo Boeki Machinery Ltd. and Niigata Loading
Systems, Ltd., which have gained a high reputation.

Business Condition

3

Backed by factors including the structural change in energy fromoil to liquefied natural gas (LNG) spurred from the rise in environmental awareness worldwide toward nuclear power and CO2
reduction and correction of prolonged yen appreciation, domestic market share was maintained and business performance wasstrong for overseas. In addition, increasing safety awarenessafter the Great East Japan Earthquake also acted as a tailwind
and the group recorded increased revenues and profits.

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15%

Sales
Operating
IncomeTechnology, Automobiles andInformation Industry Group

7,292million yen 111% year-on-year
939million yen 99% year-on-year

Business Description
3D measurement instruments, the core product, provide integrated measurement and data processing for a series of processes,
from development and modeling to manufacturing, testing andcompletion, for a variety of products. We are mainly contributing
to automobile manufacturers in improvements of product development capabilities. 3D measurement instruments have evolved
to become automated, refined and diversified, and have gained
a global reputation.

Business Condition
Recovery of automotive industry, the major customers for 3D
measurement instruments, became evident due to economic
stimulus policies by the government, correction and stabilizationof yen appreciation and other factors. However, since competition in receiving orders has become increasingly intense due
to improved performance of competing models and intensified
price competition, we are striving to expand sales into industries
other than the automotive industry and increase the ratio of inhouse developed products. Also, in the information industry,businesses including contract development for automotive
industry increased, resulting in increased revenues for the Group
as a whole.

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Segment Information

Resource, Metal andMaterials Industry Group29%

14,298million yen 91% year-on-year
Operating120million yen 73% year-on-year
IncomeSales

Business Description

Under a unique business model, raw materials and auxiliary
raw materials for steel-making, fuel coal and refractory bricks
are supplied for use in steel-making to the steel and energy
industries. In addition, various kinds of steel materials including
steel plates for use in automobiles are indispensable materials
for automobile manufacturers. Furthermore, great success has
been achieved especially in the refractory bricks through a joint
venture business in China.

Business Condition

In resource business, the core manganese ore business had alarge decrease in revenues due to factors including a stagnant
market and increased electricity prices in Japan. In the metalbusiness, despite recovery of domestic blast furnace manufacturers, it was difficult to secure profits due to sluggish export ofsteel plates for use in automobiles to Australia and imbalance
between demand and supply caused by excessive production in China. Moreover, in the materials business, challenging
conditions continued as price competitiveness of imported
refractory materials deteriorated due to yen depreciation, andsuch materials were partially replaced by domestic materials.
Under these conditions, the Group as a whole had a large
decrease in revenues, inevitably resulted in decreased profits
despite efforts to reduce costs.

Medical, Life andScience Industry Group

22%

Sales

10,941million yen 111% year-on-year
770million yen 99% year-on-year

Operating
IncomeBusiness Description

The Medical, Life and Science Industry Group is engaged in thedevelopment, manufacturing and sales of wide range of products, including equipment and devices for use at home, medical
devices, physics and chemistry devices, OA devices and security devices. In particular, compact automated analyzers for use
in clinical examinations are being sold in 60 countries aroundthe world and boasts an outstanding track record in the medical device field. Going forward, further business opportunities
including the enhancement of our lineup and sales of peripheraldevices will be pursued.

Business Condition

In the security-related business, demand for security camera
systems expanded, significantly increasing sales and profits
through provision of total services utilizing the domestic sales
network. In the medical instrument business, competition intensified due to introduction of a new product by a major medical
equipment manufacturer into the market of compact to medium
automated analyzers for use in clinical examinations, which is thecore product of the group, and the penetration of Chinese-madelow-priced products in the overseas market in a large volume.
Meanwhile, in the Russian market, export of scientific instruments was low due to deteriorating national funding grants andsaturation in demand, and the group strove to cover such losses
with export of industrial machineries including engine-driven
welders.
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Future prospects

Group Management Strategy

Director, Executive Vice President
Responsible for Group management strategy
President of Tokyo Boeki Machinery Ltd.

Hideya Goami

Tokyo Boeki Group (TB-G) Federated Management is our unique organically-linked management
system based on the concept of “For the Group,”
where each business corporation maintains its autonomy. Eight years after the launch into the TB-G
Federated Management, the management baseand earning condition of the Group as a whole
have stabilized, and we were able to achieve
substantially debt-free business operation from afinancial perspective as well.
In the 4th mid-term management plan starting in
April 2015, we will accelerate our growth towardachievement of our big goal, the 30-Year Vision
formulated in 2007, by fully utilizing our accumulated management resources. Specifically, in
addition to strengthening the foundation ofexisting businesses including our overwhelmingly
strong loading arm business, we will challenge
new businesses through M&As and overseas
expansion, focusing on the areas where groupsynergies are expected.
Under our motto of “Active all over the world,”
each company of Tokyo Boeki Group will aim tobecome the leader in their respective industries
and work to improve the total strength of theGroup.

Group New Products / New Technology Strategy
Tokyo Boeki Group (TB-G) has strived to strengthen the foundation of its existing businesses
through provision of products and services withhigh added value in the specialized fields of eachGroup company.
Until now, the majority of new products and newtechnology development was conducted independently by each Group company in line withmarket growth. By integrating the management ofdevelopment plans in TB-G, we will generate possibility of new group synergies through feedbackof useful information within the group, as well as
promotion of joint development integrating thepotentials of each company. Moreover, throughlaunch of the support system for new businesses,
increase in the number of development by each
Director, Executive Vice PresidentGroup company and shortened development
Responsible for Group new products and newschedules are expected. We will contributetechnology strategy
to the prosperity and growth of TB-G throughPresident of Niigata Loading Systems, Ltd.
acceleration of new product and new technology
Takao Iguchi
developments with these improvements on theenvironment.

Group Synergy

Energy Machinery Industry Technology, Automobiles
and Information Industry

Resource, Metal and Materials Industry Medical, Life and Science Industry

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The future prospects

Group New Management System Strategy

Director, Executive Vice President
Responsible for Group new management
system strategy
President of Tokyo Boeki Techno-System Ltd.

Toshiaki Ueda

In the Group New Management System Strategy,
we have launched the cloud-type service “Office365” (by Microsoft Corporation) as common groupware throughout the entire Tokyo Boeki Group
subsequent to the completion of TIS (TOMAS
Information System), the group-wide common coresystem for 11 domestic Group companies of Tokyo
Boeki Group.
Integration of previous groupware which used
to be separately operated by each Group company has enabled significant improvement inconvenience compared to the past, which wasmade possible through the release of Tokyo Boeki
Holdings information by group-wide portal, fastcommunication to all employees, information
sharing, sharing of schedules and facility reservations and others, benefiting the entire groupbusiness activities.
In addition, we started remote communications

and sharing of information by mobile devices
including smartphones and tablets in April as ameasure to improve business efficiency, and will
work to further improve convenience and businessefficiency.
We will utilize convenient features not yet inoperation and aim for full utilization.

Group New Business Strategy

Director, Executive Vice President
Responsible for Group new business strategy
President of TB-eye Ltd.

Tomihiro Kato

Generating new businesses is an urgent task for Tokyo Boeki Group (TB-G) to continue our permanent
prosperity and to maximize corporate value. We
will challenge to develop new businesses mainly inthe fields where growth are expected in the future,including the industries of information, environment,
medical, agriculture, and social services.
In doing so, we would like to focus on the following
three items as the decision criteria for exploitation of
new businesses.
(1)	The business should meet the compliance andbe able to contribute to the society.
(2)	The business should be able to expect sales of
10.0 billion yen in the future.
(3)	The business should have existing value of ourgroup to be recognized and should be able toparticipate, not as a trader.
Form of investment varies including incorporationof new company and M&A etc., but we like toselect the most suitable form depending on specificprojects.
In any case, we will work on generating core businesses accounting for a share of the TB-G Federated Management, rather than ending in a simple
investment.

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Group Topics
Energy Machinery Industry GroupTOKYO BOEKI MACHINERY LTD.

Domestic Group

Conclusion of License Agreement with FMC Technologies
The signing ceremony for renewal of the license agreement with FMC Technologies,
Inc., which is the licensor of loading arms, a core product of the Company, was held in
the headquarters of FMC Technologies France in September 2013.
Tokyo Boeki Group has been licensed by FMC Technologies for manufacturing andselling of products including loading arms for more than 50 years.
The Company will continue to deliver solid technologies and products of FMC Technologies worldwide as a member of Chiksan Family under the partnership with FMC
Technologies.

At the signing ceremony(Left: Mr. L. Poidevin, President and General Manager, FMC
Technologies SA; Right: Mr. Goami, President and COO)NIIGATA LOADING SYSTEMS, LTD.

Domestic Group

Measures for Large Tsunamis
Cargo handling of tankers needs to be stopped immediately and tankers needs to be
undocked at the time of large tsunamis caused by big earthquakes. The Emergency
Release System (ERS) developed by the Company is a system installed at the tip ofloading arms which closes the shut-off valve in an emergency and activates Emergency Release Coupler (ERC) to enable safe disconnection of the loading arm from thetanker in a few seconds.
As the administrative guidance guidelines of Japan Coast Guard were partially revised
to include installment of ERS on large tanker berths, an increase in demands in the
future is expected.
The photograph shows an instance of the operation test of ERS installed on a loadingarm for LNG conducted in the previous fiscal year at Nagaoka Factory.

Operation test of ERS

TOKYO BOEKI MECHANICS LTD.

Domestic Group

Development of New Business for Entering Energy Market
The Company is working to enter the hydrogen energy market and develop businesses in addition to the core business of sales and maintenance of LPG devices. In fiscal
year 2013, the “hydrogen separation membrane” was produced. Progress is being in
the development of hydrogen supply facilities for hydrogen stations in fiscal year 2014,
aiming at early commercialization. The Plan is to import technologies from the U.S. forthe “hydrogen generation device” which applies hydrogen separation membrane tounitize with the hydrogen compressor. This product was exhibited at the FC EXPO heldin February 2014 and received wide acclaim.

With Ambassador Kennedy, the U.S. ambassador, at
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Group Topics
Technology, Automobiles and Information Industry GroupTOKYO BOEKI TECHNO-SYSTEM LTD.

Domestic Group

Private trade show for the 20th anniversary of TTS was held in
November 2013!
The Company, incorporated in 1994, celebrated its 20th anniversary. In the private
trade show held from November 5 to 8, the Company emphasized its products as wellas presence to more than 200 guests. At a social gathering, the Company received
congratulatory address and words of encouragement from executive board members
and the contact persons of business partners and customers.
The selling points of products and new technologies were highlighted to many customers
and the energetic presentations and responses given by employees of the Company
were highly appraised.
The Company will aim to further strengthen ties with customers in the future based on thisachievement and practice quality control policy of “providing products that customers will
enjoy and be satisfied with.”

Demonstration of cutting process of automobile
clay model to customers

Social gathering with guests from overseas

T-BICS INC.

Domestic Group

Default menu of
TIS

Preparing for External Sales of “TIS Packaged Software”
The Company began efforts to commercialize the group-wide common core system“TIS Packaged Software” of the Group for external sales, alongside enhancement of thedegree of perfection and working on maintenance process to enhance convenience.
Utilizing the strength of track record of the system being used in all 11 domestic companies of the Group, proactive marketing activities will begin for outside companies
deploying a group company operation similar in scale and methods as TB-G.
List of journal slips
on TIS

T.B. TECH CO., LTD.

Domestic Group

3D Printer (Arcam)
The Company has acquired the distribution rights in the Tokai area from HTL, the exclusive distributor in Japan of the 3D printer Arcam (made in Sweden). Arcam is the only
3D printer in the world which adopts electron beam technology. The printer emits electron beams to metal powder (mainly titan) to melt and mold them in a vacuum. Arcamfuses metals more evenly compared to printers using lasers, as its depth of emission
is deeper and it has the ability to create high-strength products with low residual stressin a short time. It has already made many achievements in the medical and aerospace
fields mainly in Europe, and its growth in Japan is expected in the future.

Product example(Artificial joint)

Arcam

8

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Group Topics
Technology, Automobiles and Information Industry GroupTOKYO BOEKI NORTH AMERICA, INC.

Overseas Group

Recovery of U.S. market, expansion of investment by automobile
manufacturers, and sales expansion of Vectoron
The U.S. market in 2013 came out of a long period of recession at last and returned to the level
before the Lehman Shock in 2008, with capital investment by customers recovering. In terms ofthe number of automobiles sold, the cumulative number of sales in 2013 was at the highest level
since 2007, the trend of yen depreciation against the dollar since the end of January continued,
and for the average rate in 2013, yen depreciation proceeded over 20% compared to the previous
fiscal year. As the major customer of the Company Toyota expanded its capital investment, thesales of our core product, Vectoron, increased significantly. In December, an evaluation meeting
was held of the prototype of new model at Kentucky Factory with attendance of many parties concerned, and the product drew attention as an item for potential investment for the fiscal year 2014.

New model of strategic
model Vectoron V6

TBTS (THAILAND) CO., LTD.

Overseas Group

Aiming at market expansion and acquisition of new customers
The Thai market has not been continuing its growth in a stable manner due toinfluence of the world economy, natural disasters, political upheavals and such. Evenso, it is in no doubt on a growing trend in the long run as an aspired core of ASEAN.
Major Japanese companies are further accelerating their businesses both vertically andhorizontally, Japanese and foreign suppliers are newly entering the Thai market, andlocal companies are getting stronger and expanding.
Within a market which is changing and growing day by day, taking this as an opportunity, every member will exert efforts in marketing activities to pursue acquisition of new
customers with support from TTS.

Exhibition of non-contact measurement system forthe first in the Thai market at Manufacturing Expo 13.

TTS (GUANGZHOU) CO., LTD.

Overseas Group

Hosting Designers’ Night in Guangzhou
On November 21, 2013, the “2013 China (Guangzhou) International Automobile Exhibition/
Designers’ Night” was held in Guangzhou with School of Industrial Design, Guangzhou
Academy of Fine Arts. This event was intended for automobile manufacturers and students
majoring in automobile designs in Guangdong to meet and interact with each other, andapproximately 200 parties concerned attended. Students were also to deepen their interestsand understandings in automobile designs.
The Company will to continue to create common dreams and future through designs, together
with clients as the manufacturer of 3D measurement devices and processing machinery.

Scale model made by the students

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Group Topics
Resource, Metal and Materials Industry GroupTOKYO BOEKI STEEL & MATERIALS LTD.

Domestic Group

Improvement of production efficiency in joint venture in China“Beijing Borui Dongmao,” a joint venture in China, introduced the Toyota style of steel
metal processing line and the line management system in the repair factory of 3S shops,
doubling their work efficiency. In addition, “Jiang Ludong Refractory” newly introduced
the leading-edge “3600 tons-hydraulic vacuum press,” the first unit in China and was able
to increase production of 6,200 tons to 7,200 tons per year and make improvements inquality. Investment was increased in Jiang Ludong Refractory to increase ownership ratio
to 28% and cooperation was further strengthened.

Steel metal processing line in
the repair factory of Beijing
Borui Dongmao
3,600 ton-hydraulic vacuum
press in Jiang Ludong Refractory

TOKYO BOEKI (AUSTRALIA) PTY. LTD.

Overseas Group

Efforts in Agriculture Business
Agricultural crops are indispensable for human life and securing raw materials suchas fertilizers and livestock feeds for supporting the production of such crops have become an important issue. It is certain that demands for fertilizers and livestock feeds
will increase as the world population grows further in the future, but the risks of export
controls and political instability exists in countries producing raw materials.
The Company will proceed with exploration of new suppliers in addition to the existing
raw material sources and deepen initiatives toward agriculture business.

Primary screening of mineral phosphate produced in
Nauru after mining

TOKYO BOEKI (CHINA) LTD.

Overseas Group

Refractory business focusing on international markets
Success has been made in sales of refractory products produced in the new factory in
Tohoku to the untapped market in Japan since last year.
This factory has advanced facility with more than 100,000 tons of annual production
capacity, and it has trading results in many countries including Korea, the U.S., Germany,and India as its primary sales destination. The factory has strong technological capabilities
with an export ratio of 80%. Ties with the company will be strengthened to aim to expand
overseas markets in addition to developing the markets of mainland China and Japan.

2,500 megatons hydraulic press with robot

TOKYO BOEKI (BEIJING) LTD.

Overseas GroupOne step forward in expanding exports of monolithic refractory:
establishing chrome business
The Company is conducting business activities focusing on fields of refractory andauxiliary materials. In the refractory business, a solid network has been establishedmainly centered in joint ventures and the business provides high-quality products toconverters-related, smelting pots, and coke ovens-related companies.
In addition, efforts are made to newly deploy monolithic product materials to steel plants
while promoting pitch and oxidized chrome business. Efforts will continue to be made to
develop new businesses to aim for the industry leader in the refractory business.

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Group Topics
Medical, Life and Science Industry GroupTB-eye LTD.

Domestic Group

Digital intercom
system “Clear
Talk Cam”

Toward realization of manufacturer trading company
Under the partnership with Samsung Techwin of Korea, the Company places the security system business at the core and will contribute to the safety and security of society
through its businesses. In addition, in order to expand business domains, the Company began the digital intercom system business and introduced a leading-edge digitalintercom system “Clear Talk Cam” to the market in October 2013. The Company will
steadily advance toward realization of a total service manufacturer trading company.
Security Product made by Samsung Techwin

TOKYO BOEKI TECHNOLOGY LTD.

Domestic Group

Exhibited at Russian construction machinery exhibition
Together with TB (RUS), the Company exhibited at “CTT Expo,” the largest construction
machinery exhibition in Russia held in early June 2013 in Moscow, jointly with Morooka Co.,
Ltd. and Denyo Co., Ltd.
Morooka is the largest dump carrier (crawler truck) manufacturer in Japan and also the
OEM supplier for major construction machinery manufacturers in Japan.
In Russia, demands for engine welders for repair welding pipelines are increasing, and theengine welders continue to be the pillar of our constant business.
In addition to individual sales of dump carrier, the Company is engaged in packaged salesof dump carrier and welder, and at the exhibition, exhibited dump carrier together withwelders.
The Company offers various solutions for the Russian energy industry.

Booth of the Company at the CTT Expo caught attention

TOKYO BOEKI MEDISYS INC.

Domestic Group

Started development of new products in automatic biochemical analyzers
The Company has started the development of BiOLiS 30i, the succeeding model of thecore product, BiOLiS 24i series, which has sold a total of more than 5,700 units. The
Company plans to start mass production of the new product with faster processing
speed and improved functions in 2015, by inheriting the key concepts of “compact,high functionality and high quality.” The Company will at all times develop products
from the customer perspective and will aim to further broaden its customer base andexpand its medial business through its lineup of three models including BiOLiS 15i and
BiOLiS 50i, which started its sales in the previous term.

Started development of new product BiOLiS 30i

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Group Topics

TOKYO BOEKI (RUS) LTD.

Overseas Group

Participated in the 8th All-Russian Festival of Science
The Company participated as a sponsor at various events at universities, including
Moscow State University, for the development of education and science in the CIS
nations. Established in 1755, with 260 years of long history, Moscow State University
is the leading academic institution in Russia having produced many Nobel Prize winners. Born through an idea from President Sadovnichy of the Moscow State University,
the science festival started in 2006 in Moscow. At the beginning, the festival was held
only by the Moscow State University, but it now grew to be the All-Russian Festival of
Science held throughout Russia.
The Company has been participating as a main sponsor in this science festival since
the first festival, and it was the eighth time last year. The Company always thinks about
the future of our partners and advances in line with their dreams.

President Sadovnichy giving a speechFestival venue

TOKYO BOEKI (U.S.A.), INC.

Overseas Group

Social contribution through environmentally-friendly energy businessAs a solution for recent environmental issues and rising energy prices, the Company proposes energy saving and environmentally-friendly lifestyle to the U.S. society
through efforts such as import sales of partial air conditioning through high-efficiency
cooling and heating equipment (heat pump) as well as introduction of clean energy
products such as solar and wind power, and ultra-energy efficient light fixtures. Furthermore, the Company takes advantage of its location in the U.S. in implementing global
expansion of businesses including parts procurement and sales simultaneously incooperation with TB-G companies.

Monitor brand heat pumps sold in the U.S.

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Financial Review
Financial Highlights■ Net Sales(Million yen)

46,27842,031

2009

2010

46,236

2011

44,7912012■ Ordinary Income■ Operating Income(Million yen)

48,7802,810

2013(Million yen)

1,801

1,883

2009

2010

2011

2,995

2012

■ Net Income

2,146

3,038

1,715
1,352

2,022

1,847

2009

2010

2011

2012

2013

■ Earnings Per Share

(Yen)

923

971

2009

2010

426.61
25,993340.9920112012■ Total Assets / Net Assets
Total Assets

Net Assets
28,97428,193

28,832

2010

2011

31,031

16,913
9,180

2009

2013
(Million yen)

260.47
180.76160.122013(Million yen)

3,470
2,897

3,233

2012

2013

2009

9,812

2010

10,923

2011

13,074

2012

2013

13

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Financial Review
Consolidated Financial Statements■ Consolidated Balance Sheets
Account Item

(Million yen)

2013

2012

As of March 31, 2014

As of March 31, 2013

AssetsCurrent assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Total Assets■ Consolidated Statements of Income
Account Item

(Million yen)

2013

2012

April 1, 2013 –March 31, 2014

April 1, 2012 –March 31, 2013

Net Sales

48,78044,791

23,96522,188

Cost of Sales

36,26633,434

7,066

6,643

Gross Profit

12,514

11,357

2,367

2,416

Selling, general & administrative expenses

9,280

8,361

779

905

Operating Income

3,233

2,995

3,918

3,321

Non-operating income

275

224

31,031

28,832Non-operating expenses

39

180

3,470

3,038

Ordinary income

Liabilities

Current liabilities

11,973

13,570Extraordinary income

331—

Non-current liabilities

2,144

2,187

Extraordinary loss

43—

Total Liabilities

14,11815,757

Income before income taxes

3,757

3,038

Income taxes

1,579

1,286

Income before minority interests

2,177

1,751

31

36

2,146

1,715

Net Assets

Shareholders’ equity

16,541

13,362

Capital stock

5,000

510

Minority interests in income—

18

Net income

11,733

13,299

(191)

(465)

Accumulated other comprehensive income

259

(358)

Minority interests

112

70

Net Assets

16,913

13,074

Total liabilities and net assets

31,031

28,832

Capital surplus
Retained earnings
Treasury stock

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