Annual Report
April 1, 2010 - March 31, 2011

2-13-8, Hacchobori, Chuo-ku, Tokyo 104-8510 TEL. 03-3555-7211 FAX. 03-3555-7215

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

This report was printed using an
eco-friendly vegetable oil ink.

Message from the CEO

Financial Highlights for fiscal year 2010 (April 1, 2010 than March 31, 2011)
I hope that all of our shareholders are doing well and I would like toexpress my gratitude for your loyal support.
Furthermore, I would like to express my sincere condolences andsympathies to victims of the Great East Japan Earthquake.
I would also like to take this opportunity to deliver our company's
91st term business report (April 1, 2010 - March 31, 2011).

Hiroshi Machida

Tokyo Boeki Group Chairman and CEO

Driving Forces Behind Tokyo Boeki
Since Its Foundation

1. Mindset to overcome any obstacle andto never reduce our efforts

2. Mindset of a pioneer
3. Mindset of management among all

employees

Management Ideals and Valuesof the Tokyo Boeki GroupThe Tokyo Boeki Group aims to be an inspirational company
that allows employees to realize their dreams through theirwork. Each employee will take pride in themselves andcontribute to the global company.

1

The global economy entered a phase of overall economic expansion
in FY2010, although advanced countries and developing countries
experienced diﬀerent growth rates. The Japanese economy continued
to show signs of recovery, led by the eﬀects of economic policies and byexports to developing countries. However, during the second half, thegrowth of imports slowed due to dramatic appreciation of the yen.
Moreover, the Great East Japan Earthquake has caused a signiﬁcantdecrease in corporate activities and consumer spending. These factors
have resulted in pronounced stagnation of domestic demand.
Even within such a tough economic environment, we were able toend the current ﬁscal period with an ordinary income of ¥2.02 billion
yen, as well as increases in both income and proﬁt when compared tothe previous ﬁscal year. We achieved these results by exercising thefeatures of our group; namely, the provision of unique businesses andservices with a high level of expertise from marketing to manufacturing,sales and maintenance.
This termʼs dividend amount will be ¥13 per stock. This amount realizes
distribution to shareholders in a continuous and stable manner, even as
our company secures the internal funding necessary for active
investment in existing businesses and new businesses.
Amidst the signiﬁcant challenges caused by the recent national
disaster, our group was able to start the second ﬁscal year (ﬁnal year) of
the “Second TB-G Medium-Term Management Plan.” Despite thediﬃculties that we may face, we shall remain conscious of the absolutevalue of the Tokyo Boeki Group (TB-G), our founding spirit and of theTokyo Boeki Group (TB-G) federation management, concepts which
form of the absolute value of the TB-G. By confronting thenever-ending changes with surround us and by taking daring challenges
to realize an even richer future, we shall continue to make every eﬀort
to respond to the expectations of society.
In this time of distress, all of our employees are committed topushing forward and overcoming diﬃculties in order to realize new
growth and evolution.
I would like to ask all of our shareholders for your continued support
in the future.
June, 2011

Net Sales(Million yen)

2008
2009
2010

42,031
46,278(Million yen)

2008

2009

923

2010

971

Earnings Per Share

2009

1,801

2009

2010

1,883

2010

(Million yen)

2008
2009
2010

1,392

(yen)）

2008

2,893

Ordinary Income(Million yen)

2008

60,813Operating Income

Net Income

220.36160.12180.76

Total Assets / Net Assets

26,866

2008

2,974

8,294

2009

1,847

9,180

2010

2,022

Upper Bar:Total Assets(Million yen) Lower Bar:Net Assets

25,993
28,974

9,812

2010

2008

2009

April 1, 2008 – March 31, 2009

April 1, 2009 – March 31, 2010

April 1, 2010 – March 31, 2011

Net Sales (Million yen)

60,81342,031

46,278Operating Income (Million yen)

2,893

1,801

1,883

Ordinary Income (Million yen)

2,974

1,847

2,022

Net Income (Million yen)

1,392

923

971

Earnings Per Share (yen)220.36160.12180.76

Total Assets (Million yen)

26,86625,993

28,974

Net Assets (Million yen)

8,294

9,180

9,812
2

Segment Information
Progress and Accomplishments of the BusinessIn the current consolidated fiscal year, there was a significant
decrease in oil-related business of the Energy Machinery
Industry Group. This was due to a change in the energy structurefrom oil to liquid natural gas (LNG) in the domestic market,
caused by a global trend of heightened environmental
consciousness. Overseas, price competitiveness decreased due
to inflation of the yen, thus creating fierce competition withoverseas companies. As a result, both sales and operating
income decreased when compared to the previous fiscal year.
In the Resources, Metals and Materials Industry Group, themetals business maintained favorable sales and operating
income in the first half. However, this trend was reversed in thesecond half and stagnation became apparent. Furthermore,while the materials business is experiencing healthy demand,
there was a decrease in profits when compared to the previous
period. The raw materials business showed an overall stagnationin business transactions. Moreover, while it was generally atough year for the construction materials business, the businessrealized increased income due to expanded sales of bricks forprivate homes.

The automotive business of the Technology, Automobiles andInformation Industry Group showed signs of recovery for sales inthe domestic market due to government incentives.
Furthermore, in addition to the automotive industry, the group is
working to expand into a variety of markets such as heavy
electrical machinery, home appliances and railroads. These
efforts resulted in increases in sales and operating income whencompared to the previous year.
In the Science, Medical and Life Industry Group, the fields ofphysics and science experienced significant increases in income
and profits. This was due to recovery in the main market of
Russia, which resulted in a reform of national budgetary grants touniversities and research institutions in CIS countries.
Furthermore, an increase in both income and profits wasachieved in the medical devices business through strengtheningof the business system and reduction of costs. The security
business experienced a decrease in both income and profit whencompared to the previous year. This decrease was due to toughmarket conditions with stagnation in both the constructionindustry and the logistics industry.

Net Sales and Operating Income by Business Segment(Million yen)

Current consolidated fiscal year (April 1 st, 2010 to March 31 st, 2011 )Energy Machinery
Industry GroupResource, Metal and Materials Technology, Automobiles andIndustry Group
Information Industry GroupN e t S ale s

12,22921,286

4,944

8,191

O p e r at i n g I n co m e

1,725

127

576

345

Energy Machinery Industry GroupResource, Metal and Materials Industry Group

Technology, Automobiles and Information Industry Group

Science, Medical and Life Industry Group

Shifting to new energy

Seeking to open new markets in China and developing
countries

Active expansion into new markets other than
the automotive business

Further performance through the introduction of
new medical devices

Ratio of sales

Ratio of sales

Ratio of sales

Ratio of sales

26%

46%

10%

18%

Marine Loading Arm

Refractory bricks
3D measuring device

In our group, the increased consumption of LNG, a form of clean energy,
resulted in an increase in the construction of new domestic receiving terminals
for LNG. However, in overseas markets, we are faced with the important issueof effecting further cost reductions to enable competition with overseas(European) vendors.
The liquid propane gas (LPG) industry is undergoing a reconstruction andthere is a slowdown of device sales for investment in new facilities. Amidst
such conditions, our group is expanding our share of business related to themaintenance of existing facilities. Furthermore, a structural slump in the oil
industry has resulted in decreased demand for components such as swivel
joints used in tanks. In response, our group has started to develop products
related to new forms of energy such as solar power.

3

Science, Medical and Life
Industry GroupIn the first half, the metals business of our group maintained favorable demand indeveloping countries, resource-rich countries and Asia. As a result, we realized
increases in both sales and operating income. However, in the second half, rising
metal prices caused transactions to stagnate due to factors such as inventory
adjustment, and the amount of metals handled decreased.
Although the resources business is showing healthy demand due to an
economic recovery in the metals industry, our market share decreased. In
response, we are working to achieve a recovery by developing new supply routes.
In the materials business, materials maintained a high price level supported bystrong demand. However, we received a market complaint related to transaction
involving fuel coal, resulting in a tough year.
Furthermore, the construction materials business continues to experience a
tough management environmental due to market stagnation. This has resulted inslumps for both income and profits.

Government incentives resulted in a temporary recovery in the automotive
business, which comprises the majority of transactions for our group. However,subsequent sudden inflation of the yen caused a slowdown in recovery.
Business remains difficult in China and other developing countries due to theaddition of the rising yen to already fierce price competition.
Conversely, our group has achieved prominent results by working to develop
markets in heavy electrical machinery, electronics, railroad, ship building andother non-automotive fields. These efforts have contributed to increased
income and profits. Although our systems business is experiencing a growth indevelopment projects, companies remain cautious about IT investment due touncertain future economic conditions.

Biolis 24i Premium

The medical device business of our group has achieved increases in both income
and profit. This increase is due to the outstanding reputation of our Biolis series
which is sold on the global market, as well as to a strengthened business system
and reduced costs. We are also working to developing new models which possesscost competiveness through suppression of manufacturing costs. We aim to
introduce these new models to market in FY2011.
The physics and scientific devices business also experienced increases in bothincome and profit. This increase was due to recovery in the main market of Russia
caused by rising oil prices. As a result of the recovery, there was reform of national
budgetary grants to research institutions in CIS countries and an accompanying
increase in market demand for energy-related industrial machinery.
The security business experienced first half stagnation due to a slump of mainusers in the construction industry and the logistics industry. However, businessperformance showed signs of recovery in the second half due to increased orders
from major security companies and to economic recovery in some industries.
4

Group Topics
Domestic Group

Energy Machinery Industry GroupNIIGATA LOADING SYSTEMS, LTD.

Domestic GroupTOKYO BOEKI MACHINERY LTD.

Explanatory meetings for users
In March 2011 , we held an explanatory meeting at our Nagaoka Factory for customers
planning to construct LNG receiving terminals in the future.
The meeting spanned a period of 8 days and was attended by a total of 35
representatives from 12 companies. Attendees experienced the stability and hightechnological capability of our companyʼs products by viewing an actual loading arm.
We contribute to further expansion of LNG demand by fulfilling customer needs throughrich experience and advanced technology.

Completion of phase 2 renewal construction of
LNG loading arm
Phase 1 of renewal construction for LNG loading arms used by
Nihonkai LNG Co., Ltd. in the receipt of LNG was completed in
December 2009. Phase 2 was also successfully completed at the endof May 2010 . The project consisted of renewal for 2 LNG loadingarms and of a single back-up arm.
Our group was able to successfully install a new RC loading arm, thefirst ever to be implemented in Japan. The RC loading arm offers
outstanding safety and efficiency, and is a significant upgrade fromthe conventional DC loading arm for receipt of 16B LNG.

User explanatory meeting

Delivery of four 20-inch/16-inch LNG loading arms to
the Korea Gas Corporation Tongyeong Terminal Jetty No. 2
The increasing size of LNG tankers has created a need for loading arms with a wide mouthdiameter of 16 to 20 inches.
Our company has developed a 20 -inch LNG loading arm with almost no increase inweight when compared to conventional 16-inch arms. We delivered the 20-inch loadingarms to Jetty No. 2 of the Korea Gas Corporation Tongyeong Terminal.
In accordance with customer requests, we delivered arms equipped with 16 -inch oilpressure drive couplers on the tip of the arm, as well as 16 -inch emergency releasedevices. However, we have completed development of 20-inch products and are able tosupport inquiries regarding completely 20-inch LNG loading arms.

Papua New Guinea
Contract for LNG marine loading arm
This project involves the manufacturing and shipping of 6 million
tons of LNG mainly to domestic Japanese power companies. It is amodel brand for a LNG terminal capable of handling 6 million tons
annually for Exxon Mobile, the principal owner. This important
project will turn a new page through a contract for our companyʼs
LNG arm in the Pacific Rim area.
In addition to contributing to industrial growth of regional society
in Papua New Guinea, the project will realize vital shipping facilities
for facilitating a stable supply of LNG to Japan and countries in Asia.
Devices are scheduled to be loaded onto a ship in October 2011 andto be delivered onsite in December. We seek to begin commercial
LNG operation in 2015, and seek to bring satisfaction to customers
throughout the world through products and engineering services.
Papua New Guinea
5

LNG loading arm

New RC loading arm
Domestic GroupTOKYO BOEKI MACHANICS LTD.
Development and sales of machinery related to hydrogen,a substance receiving attention as a next-generation energy source

Papua New Guinea

Currently, Japan utilizes a variety of energy sources including LNG, coal, oil, nuclear power,
biomass power, wind power, water power and solar power. However, a low overall
self-sufficiency rate and increased environmental consciousness has created great interestin hydrogen as a new source of energy.
Amidst such trends, our company has succeeded in sales of hydrogen condensing
machinery and power-generating facilities for hydrogen as a next-generation energy
source.
In the future, we shall seek to grow together with the industry by quickly assessing
trends in the energy industry and conducting development/sales for a variety ofenergy-related products.

Hydrogen condensing machine

6

Group Topics
Resource, Metal and Materials Industry Group

Overseas GroupTOKYO BOEKI (BEIJING) LTD. (BEIJING)

Domestic GroupTOKYO BOEKI STEEL & MATERIALS LTD.

Stabilization and expansion of Chinese refractory goods export businessOur company has been involved for many years in the exporting of Chinese refractory goods toJapan. We view quality as our highest priority. We contribute to stable quality and on-time
delivery by deploying our employees to be stationed at refractory goods manufacturers and by
conducting thorough shipping inspection for each lot. Our supply chain is based on merged
companies and receives high praise from customers such as Japanese steel manufacturers.
In the future, we will conduct mergers with prominent Chinese corporations. Furthermore, in
addition to sales, we will provide technical and installation services to our customers.

Smooth construction for Coal Composite Project inShanxi Province, China. Started shipping of metallurgical coal
Our company is conducting capital participation for a Composite Coal Project based in
Shanxi Province. A total investment of 150 billion yen has been made for this large-scale
project which produces washed coal, coke, synthetic ammonia, electric power and cementfrom a base annual production amount of 5 million tons of metallurgical coal. Currently,
construction is proceeding smoothly towards completion in 2012 . In November 2011 ,production began at the Nanyao Mine, which has an annual production of 2 million tons.
Operation also began at a coal-washing plant with a production scale of 3 million tons.
Furthermore, we received approval for establishing the coal sales company, Xiangxi
Autonomous Prefecture Dongjin Coal & Coke Co., Ltd in Hunan Province, and we will begin
sales of coal and coke from FY2011.

Technology, Automobiles and Information Industry Group
Domestic Group

Coal-washing plant

TOKYO BOEKI TECHNO-SYSTEM LTD.
December 2010: Development of new gap measurement
device Master Eye Z!

Overseas GroupTOKYO BOEKI（AUSTRALIA）PTY.,LTD. (MELBOURNE)
Sale of coke using new manufacturing process
Our company has begun sales of next-generation, cost-competitive coke that is made fromlow-priced coal using a new manufacturing process. We are working to develop a production
and sales system to respond to strong demand in Southeast Asia, including supply tobusiness partners of the Tokyo Boeki group in India and Vietnam, as well as merged
companies in China. Beginning with production of this next-generation coke, our Australiansubsidiary will work to develop new resource-related products.

Example installation of irregularrefractory bricks

NEW COKE PLANT

Measuring the gaps in automobile doors and hoods is an important part of quality management.
Normally, analog measurement on a special scale was performed for such areas.
However, our company has developed and begun sales of Master Eye Z, a device which enables
digital measurement even for difficult areas such as painted bodies. The device has received highpraise at exhibitions and we have received numerous inquiries. We expect the Master Eye Z tocontribute to future sales as an original non-contact measurement device of our company.
Currently, we are working to develop products capable of measuring translucent areas suchas the periphery of headlights. When completed, such products will attract attention as theworldʼs only translucent gap measurement devices.

Measuring with the Master Eye Z

Domestic Group

T-BICS INC.

Overseas GroupTOKYO BOEKI (CHINA) LTD. (SHANGHAI)

Construction of communications network infrastructure
for a group-wide mission-critical system

Entrance into the new metal materials business in China
Our company has realized import sales of Japanese manufactured silicon materials for the
Chinese semiconductor industry. The Chinese market continues to show strong demand forsemiconductors in products such as IT appliances and automobiles. In response, we have
expanded our business in silicon materials for high-tech industries.
Furthermore, we realized sales of titanium pipes used for condensers in power plants being
constructed in China. In addition to conventional thermal power, we will enter titanium
markets for nuclear power and seawater desalination. In the future, we will continue toexpand sales for titanium materials which are expected to experience increased demand.
7

Titanium pipes

We have completed necessary installation, reinforcement and unification of a virtual exclusive
line (IP-VPN) for connecting the Tokyo Boeki Headquarters building with each office of Tokyo
Boeki group companies. We have also begun partial communication. We conducted network
design while maintaining the network environment possessed by each individual company,
and while giving strong consideration to the data volume and security of each company.
As a result, the communications network was unified from as far as north as Hokkaido andas far south as Kyushu. This network forms the basis for an information infrastructure as weseek to implement a mission-critical system (G-NIS) that is shared by all companies in theTokyo Boeki group.

Diagram of the Tokyo Boeki network

8

Group Topics
Domestic Group

Domestic Group

T.B. TECH CO., LTD.

TB-eye LTD.

Seminar for latest version of 3D measurement
instant analysis software

Our challenge to comprehensive security solutions

In February 2011 , we held a seminar at our headquarters building (Toyota City, Aichi
Prefecture) in conjunction with the release of 3 D Magic 2007 version 5 . 0 , the main
software of our company. The seminar was attended by a total of 87 customers from 27
companies, including major automotive companies. In addition to explaining new
functions and introducing plans for future development, a lecture was given by a major
automobile manufacturer on the effectiveness of specially customized functions. Thisactual example of implementation was of great interest to attendees. In the future, we willcontinue to develop software that brings satisfaction to our customers.

In March 2011 , our company exhibited at the Security Show 2011 which was held at
Tokyo Big Sight. At the exhibition, we introduced newly developed products from KoreaʼsSamsung Techwin Corporation to the Japanese market. Featured products included a
network camera supporting 3 M HD, as well as NVR, the variable image data analysis
software NET-Iware, and thermal cameras.
We were able to make an impression on numerous visitors as a total coordinator of
security systems. Moreover, we acquired additional space at this yearʼs exhibition inorder to display digital signage. We made a strong appeal for our companyʼs challenge to
new areas, and our exhibition received high praise.

Booth at Security Show 2011

Studying at the seminar
Domestic GroupTOKYO BOEKI MEDISYS INC.

Overseas GroupTOKYO BOEKI NORTH AMERICA, INC.

Development of Biolis 50i Superior,a multi-function automatic analysis device

Open house (private show) for relocation of
Cincinnati Office
In order to provide even better support to our customers, our company relocated our officefrom Detroit, Michigan to Florence, Kentucky. In conjunction with the move, we held aprivate show on the opening day of the office. The show was attended by numerous
customers. Through the relocation, we seek to improve the speed and quality ofmaintenance, sales and technical support. After moving, we expect to build better
relationships with customers and to expand business chances in the future.

Customers at our private show

Science, Medical and Life Industry Group* Biolis 50i Superior: The most advanced mid-sized model for performing blood analysis mainly
at medium-sized hospitals and larger.

Biolis 50i SuperiorTOKYO BOEKI（RUS）LTD.
*As of April 1st, 2011, Tokyo Boeki CIS Ltd. changed
its name to Tokyo Boeki Technologies Ltd.

Signing of cooperation agreement with
Vladivostokʼs Far Eastern Federal University

Participating in the Nanotech ForumIn November 2010 , our company exhibited at the Nanotech Forum which was held in
Moscow and was sponsored by Rusnano (Russian Nanotechnology Corporation), a national
corporation. Our exhibition theme was “Providing Total Solutions for Nanotechnology.”
Nanotechnology is a national priority field in Russia, and the forum was attended by thegovernments of republics, provinces and cities, as well as by academic research institutions
such as universities and academies. The forum supports the growth of cooperation
between Russian technical/industrial fields and manufacturers, universities and research
institutions in Japan, Europe and America.
9

The Biolis 24i series has sold a total of more than 4,500 units thanks to the key concept
of combining compact size with high functionality and easy operation. This concept has
been inherited by the Biolis 50 i Superior, which offers new functions and possesses thehighest processing capability (480 tests per hour) in the series.
We plan to begin sales of the Biolis 50i Superior from summer of 2011. We expect thisdevice to become a core sales material for our company and to realize further expansion
in business. In the future, we shall continue to contribute to healthy and fulfilling
lifestyles throughout the world.

Overseas Group

Domestic GroupTOKYO BOEKI TECHNOLOGIES LTD.

*As of March 20th, 2011, Tokyo Boeki Medical Systems Ltd.
changed its name to Tokyo Boeki Medisys Inc.

Our booth at the Nanotech ForumIn March 2011, we signed a cooperation agreement with Far Eastern Federal University forthe fields of education and science. The lavish signing ceremony was held in Vladivostok City
and was attended by Masaharu Kawano, the Japanese Ambassador to Russia. The agreement
specifies items for cooperation including increased exchange between researchers, theholding of joint academic conferences, and a scholarship program.
We expect deepened exchange for the fields of education and science in the Far East regionof Russia. Currently, Vladivostok is bustling with preparations for the APEC Conference to beheld in September 2012. Our company shall continue to contribute to growth in the Far East
region of Russia through exchanges in the fields of education and science.

Signing of the cooperation agreement

10Financial Review

Group Status

Consolidated Statements of Income
Account Item

Net Sales
Cost of sales
Gross Profit
Selling, general & administrative expenses
Operating Income
Other income
Other expenses
Ordinary Income
Extraordinary income
Extraordinary loss
Income before Income Taxes for the Fiscal Year
Corporate, inhabitant and enterprise taxes
Corporate tax adjustments
Minority interests
Net Income

units:thousands of yen

2010

Account Item

April 1, 2009 – March 31, 2010

46 , 278 , 758

42 , 031 , 308

36 , 588 , 486

32 , 292 , 846

9 , 690 , 272

9 , 738 , 462

7 , 806 , 989

7 , 936 , 982

1 , 883 , 282

1 , 801 , 480

257 , 929

183 , 407

118 , 942

137 , 371

2 , 022 , 269

1 , 847 , 516

16 , 356ー

246 , 464

53 , 835

1 , 792 , 160

1 , 793 , 681

876 , 019

926 , 680

△ 52 , 774
2 , 439
971 , 354

△ 54 , 372
2 , 526
923 , 900

[Assets]
Current assets
Non-current assets
Total Assets[Liabilities]
Current liabilities
Non-current liabilities
Total Liabilities[Net Assets]
Shareholdersʼ equity
Valuation and translation adjustments
Other comprehensive income (total)
Minority interests
Net Assets
Liabilities and Net Assets
11

units:thousands of yen

2010

2009

As of March 31, 2011

As of March 31, 2010

22 , 438 , 963

19 , 917 , 902

6 , 535 , 550

6 , 075 , 922

28 , 974 , 514

25 , 993 , 824

18 , 252 , 460

15 , 942 , 436

909 , 297

870 , 751

19 , 161 , 757

16 , 813 , 187

10 , 452 , 121

9 , 541 , 571

ー△ 639 , 381△ 375 , 209
ー
14 , 274
9 , 180 , 636
25 , 993 , 824

16
9 , 812 , 756
28 , 974 , 514

Overseas Group Company※Nonconsolidated Group Company

2009

April 1, 2010 – March 31, 2011

Consolidated Balance Sheets

Domestic Group Company
TOKYO BOEKI MACHINERY LTD.

President: Hideya Goami
Description of Business: Sale of fluid handling machinery, related equipment,
various plant related equipments, and medical devices, etc.

AUSTRALIATOKYO BOEKI (AUSTRALIA) PTY., LTD. (MELBOURNE)

President: Hiroshi Shigezumi
Description of Business: Business development and import and export of natural resources,
iron and steel, industrial materials, building materials and machinery

TOKYO BOEKI STEEL & MATERIALS LTD.

President: Masayoshi Tanaka
Description of Business: Business development and import and export of natural resources,
iron and steel, industrial materials, building materials, etc.

TOKYO BOEKI TECHNO-SYSTEM LTD.

President: Toshiaki Ueda
Description of Business: Development, design, and manufacture of 3D measuring equipment,
various measuring equipments, various testing equipment and related
software Sale, export and import, and maintenance of 3D measuring
equipment and related software

NIIGATA LOADING SYSTEMS, LTD.

President: Takao Iguchi
Description of Business: Development, design, manufacture, sale and after-sales serviceof fluid handling machinery

TOKYO BOEKI TECHNOLOGIES LTD.

CHINATOKYO BOEKI (CHINA) LTD. (SHANGHAI)

President: Fan Hua
Description of Business: Business development and import and export of natural resources,
iron and steel, industrial materials, building materials, etc.

TOKYO BOEKI (BEIJING) LTD. (BEIJING)
President: Gao Jiancheng
Description of Business: Business development and import and export of natural resources,
iron and steel, industrial materials, building materials, etc.

GUANGZHOU, CHINA TOKYO BOEKI LTD. (GUANGZHOU)※
President: Toshiaki Ueda
Description of Business: Sale and service of measuring equipment and peripheral software

President: Kazuki Uchida
Description of Business: Business related to education/science, nanotechnology, life science,resources/energy, electronics and engineering.

USA

TB-eye LTD.

President: Kazuei Uchida
Description of Business: Operating holding company of America-based company

President: Tomihiro Kato
Description of Business: Import and sale of CCTV system devices
Development, manufacture and sale of CCTV system peripheral devices
Design, installation and after-sales service of CCTV system

TOKYO BOEKI MECHANICS LTD.

President: Koji Nakayama
Description of Business: Sale and maintenance of gas related equipment

TOKYO BOEKI MEDISYS INC.

President: Hideya Goami
Description of Business: Development, manufacture and sale of biochemical automatic clinicalanalyzers for the medical field

T-BICS INC.

President: Masaaki Watabe
Description of Business: Development and sale of software, information processing service businessand information providing service business, nonlife insurance agent business,life insurance agency business, worker dispatching service

TOKYO BOEKI (USA), INC. (NEW JERSEY)

MONITOR PRODUCTS, INC. (NEW JERSEY)
President: Kazuei Uchida
Description of Business: Sale of oil/gas/FF heater and gas water heater in America and Canada

TOKYO BOEKI NORTH AMERICA, INC. (CINCINNATI)
President: Hirohito Mizuhara
Description of Business: Sale and service of measuring equipment and peripheral software

CIS

TOKYO BOEKI (RUS) LTD. (MOSCOW)
President: Kazuei Uchida
Description of Business: Business with a core in education/scientific technology fields in Russia
THAILANDT. B. TECH CO., LTD.

President: Toshiharu Sawake
Description of Business: Development of outsourced software and package software, formulation of
network system, system outsourcing, consulting service, worker dispatching service

TBTS (THAILAND) CO., LTD. (BANGKOK)※

President: Katsuhiko Masuda
Description of Business: Sale and service of measuring equipment and peripheral software,and local procurement of measuring equipment materials

12Business Correlation Chart

Company Outline / Stock Information

TOKYO BOEKI LTD.

Domestic

Overseas

Company Outline (As of March 31, 2011)

Stock Information<Tokyo Boeki Group>Tokyo Boeki and 17 member companies<Shareholdersʼ stock>¥10.4 billion<Net Sales>¥46.2 billion<Employees><Total Number of Authorized Shares>
38,519,920 shares<Total Number of Stock Issued>
5,388,090 shares (excluding 2,531,830 in treasury shares)<The Number of Shareholders>127<Major Corporate Shareholders>

721
Group Company○TOKYO BOEKI MACHINERY LTD○NIIGATA LOADING SYSTEMS, LTD.
○TOKYO BOEKI MECHANICS LTD.

Energy Machinery
Industry Group<Head Office(Operating holding company) >TOKYO BOEKI LTD.
13-8, Hatchobori, 2-chome, chuo-ku, Tokyo 104-8510 Japan
http://www.tokyo-boeki.co.jp<Established>
October 30, 1947

Sales Oﬃce
Beijing
Malaysia

Group Company○TOKYO BOEKI (AUSTRALIA) PTY., LTD.
○TOKYO BOEKI (CHINA) LTD.
○TOKYO BOEKI (BEIJING) LTD.
Group Company○TOKYO BOEKI STEEL & MATERIALS LTD.

Group Company○TOKYO BOEKI TECHNO-SYSTEM LTD.
○T-BICS INC.
○T. B. TECH CO., LTD.

Resource,
Metal and Materials
Industry Group

Technology,
Automobiles
and Information
Industry Group

Aﬃliated Company※JINAN LUDONG REFRACTORY CO., LTD.
SHANGYU DONGSHUN REFRACTORY CO., LTD.
QINGHAI DONGLONG SILICON CARBIDE CO., LTD.
BEIJING BORUIDONGMAO AUTOCAR SALES-SERVICE CO., LTD.
HANGZHOU JINJIANGDONGYUE STAINLESS STEEL CO., LTD.
GUANGXI XIANGZHOUJIDONG MANGANESE INDUSTRY CO., LTD.

Group Company○TOKYO BOEKI NORTH AMERICA, INC.
TBTS (THAILAND) CO., LTD.
GUANGZHOU, CHINA TOKYO BOEKI LTD.

Executives of Tokyo Boeki Group (As of June 24, 2011)<Board of Directors>
Chairman and CEO; Unified Director of Group Operations

Hiroshi MachidaDirector responsible for group management

Hideya Goami

Director responsible for group management

Masayoshi Tanaka

Director responsible for group management

Toshiaki Ueda

Director responsible for group management

Takao Iguchi

Senior managing director

Hisashi Urushizaki

Director responsible for finance & accounting

Kuniaki Katsurayama

Director responsible for complianceToshiro Kawata<Board of Corporate Auditors>
Group Company○TOKYO BOEKI TECHNOLOGIES LTD.
○TB-eye LTD.
○TOKYO BOEKI MEDISYS INC.
(TOKYO BOEKI MACHINERY LTD)CHEMITECH CO., LTD.

Domestic Client

Science,
Medical and Life
Industry Group

Group Company○TOKYO BOEKI (USA), INC.
○MONITOR PRODUCTS, INC.
○TOKYO BOEKI (RUS) LTD.

Standing corporate auditor

Toshihiko Kezuka

Corporate auditor

Yoshimi Ito

Corporate auditor

Yasuhiro Numata

Name of Shareholder

Number of stocks held

Ratio of Shareholding

Tokyo Boeki Employee Share Holding Commission

775,670 shares

14.39％

Tokyo Marine & Nichido Fire Insurance Co., Ltd.

528,000 shares

9.79％

The Toa Reinsurance Company, Limited.

408,000 shares

7.57％

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

264,000 shares

4.89％

Nippon Life Insurance Company

120,000 shares

2.22％

Risona Bank, Limited.

102,000 shares

1.89％

Shareholder Memo
<Business Term >From April 1 to March 31 of the following year
<Shareholder Registry Administrator>
4-5, 1-chome, Marunouchi, Chiyoda-ku, Tokyo 137-8081 Japan
Mitsubishi UFJ Trust and Banking Corporation<Location of the office holding>
4-5, 1-chome, Marunouchi, Chiyoda-ku, Tokyo 137-8081 Japan
Mitsubishi UFJ Trust and Banking Corporation Securities Business Division(Contact Information)
10-11, 7-chome, Higashi-suna, Koto-ku, Tokyo 137-8081 Japan
Mitsubishi UFJ Trust and Banking Corporation Securities Business Division
Toll-free: 0120-232-711<The Agency>
Mitsubishi UFJ Trust and Banking Corporation
branches nation wide
<Annual Shareholders Meeting>June (every year)<Advertising in Newspaper >The Nikkei

Our Group Homepage
Please check our website
for latest information

Overseas Client○Consolidated Subsidiary※Equity Method Aﬃliate

1314