A-1

Annual Report
April 1, 2011 - March 31, 2012

2-13-8, Hatchobori, Chuo-ku, Tokyo 104-8510 TEL. 03-3555-7211 FAX. 03-3555-7079

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

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

Tokyo Boeki Group will celebrate our 65th anniversary in 2012.

Financial Highlights for fiscal year 2011 (April 1, 2011 to March 31, 2012)

Message from the CEO
I hope that all of our shareholders are doing well and I would
like to express my gratitude for your loyal support.
In October of this year, Tokyo Boeki will celebrate the 65th
anniversary of our founding. Our longevity is entirely due to the
support of our shareholders and many other people, and I would
like to oﬀer my heartfelt gratitude.
I would like to take this opportunity to deliver our company's

92nd term business report (April 1, 2011 - March 31, 2012), as

well as to give a brief message regarding the status of our company.

Regarding the global economy in ﬁscal year 2011, some regions
showed signs of stagnation and the overall economy was weak.
Conversely, the Japanese economy overcame the confusion which
followed the Great East Japan Earthquake and the problem ofsummer power shortages to show steadily increasing trends ofrecovery. However, corporate performance has not recovered as
expected due to factors such as decreased exports caused by aslowing European economy and increasing appreciation of the yen.
Amidst such tough management conditions, the Tokyo Boeki Group(TB-G) has taken action in our 4 groups of “Energy Machinery
Industry,” “Resource, Metal and Materials Industry,” “Technology,
Automobiles and Information Industry,” and “Science, Medical andLife Industry” to maximize our corporate value and to realize
continuing growth. We are achieving our goals through the provisionof highly-specialized and unique business and services which areintegrated from marketing to manufacturing, sales and maintenance.

As a result of our eﬀorts, net sales have remained constantcompared to the 46,236 million yen in net sales recorded
last ﬁscal year. Furthermore, we were able to signiﬁcantly
increase proﬁts to 2,897 million yen in ordinary income.
This termʼs dividend amount will be ¥13 per stock. Furthermore,
a commemorative dividend of ¥2 per stock will be added to bring
the total divided to ¥15 per stock. This amount realizes distribution
to shareholders in a continuous and stable manner, even as ourcompany secures the internal funding necessary for active
investment in existing businesses and new businesses.
Even as the global economic forecast remains uncertain due toevents such as the ﬁscal and ﬁnancial crisis in Europe, our group has
started the ﬁrst year of the 3rd TB-G Mid-Term Management Plan.
By focusing on the “founding spirit” which is our absolute value andthe principles of TB-G federation management, the Tokyo Boeki
Group (TB-G) shall seek to establish a TB-G federation
management which responds to the constant changes whichsurround us and which is unwavering under any circumstances. Our
entire group shall push forward and make unceasing eﬀorts to
respond to the expectations of all our stakeholders.
I would like to ask all of our shareholders for your continued
support in the future.

reduce our efforts
2. Mindset of a pioneer
3. Mindset of management among all employees(Million yen)2009

42,031Net Income
2009

923
971

2010

46,2782010

2011

46,236

2011

Operating Income(Million yen)

1,801

2009

2010

1,883

2010
2,810

1,352

Earnings Per Share

2009

2011

(Million yen)(yen)

160.12180.76260.472011

June, 2012

Ordinary Income

Driving Forces Behind Tokyo Boeki Since Its Foundation

1. Mindset to overcome any obstacle and to never

Net Sales

2009
Driving Forces Behind Tokyo Boeki
Since Its Foundation

2010
2011

(Million yen)

2009

1,847

2,897

25,993

9,180

2010

2,022

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

Total Assets / Net Assets

28,974

9,812

28,193

2011

10,923

Management Ideals and Values of the Tokyo Boeki GroupThe Tokyo Boeki Group aims to be an inspirational
company that allows employees to realize their dreams
through their work. Each employee will take pride inthemselves and contribute to the global company.

65th Anniversary Logo

April 1, 2011 – March 31, 2012

Net Sales (Million yen)

42,031

46,27846,236

Operating Income (Million yen)

1,801

1,883

2,810

Ordinary Income (Million yen)

1,847

2,022

2,897

923

971

1,352

Earnings Per Share (yen)160.12180.76260.47

Total Assets (Million yen)

25,993

28,97428,193

Net Assets (Million yen)

9,180

9,812

10,923Net Income (Million yen)

Hiroshi Machida

Tokyo Boeki Group Chairman and CEO

1

2011

April 1, 2010 – March 31, 2011

2009

SloganStrive to be No. 1!
Unify group federation management,
join forces and embrace new challenges!

2010

April 1, 2009 – March 31, 2010

2

Segment Information
Progress and Accomplishments of the BusinessIn the current consolidated fiscal year, the Great East Japan
Earthquake greatly impacted the electric, gas and oil
industries which are the main business partners of theEnergy Machinery Industry Group. As a result of the debate
regarding nuclear power, there was a significant increase inoperation of thermal power plants. Although oil-related
business decreased significantly, the manufacturing ofalternative products and the implementation of overhaul
construction led to greatly increased revenue. Internationally,
prolonged depreciation of the US dollar, depreciation of
the Euro and appreciation of the yen caused a decrease incost competiveness. Similar to last year, fierce competition
with overseas companies continues. However, as a result of
thorough cost reductions and streamlining, our group hasrealized increased revenue and increased profit for both net
sales and operating profit when compared to the previous
consolidated fiscal year.
In the Resource, Metal and Materials Industry Group, thematerials business was stagnant due to decreased domestic
demand caused by the recent earthquake and to fallingmaterials prices. However, revenues increased due tostreamlining and reform of our profit margin. The metalindustry faced a tough management environment due to ahistorically high yen, the European financial crisis andtightened monetary policy in China. As a result, thecompetiveness of Japanese-manufactured products
decreased and the amount of exports fell significantly. In
the resource business, despite escalating cost competiveness,
we expanded sales of high added-value refractory goods andincreased our revenues. In the construction materials business,there was continued shrinking of the main exterior industry.
■Facing such tough conditions, our entire group worked toreduce costs and streamline operations. However, revenues
decreased despite such efforts.
In the Technology, Automobiles and Information Industry
Group, continued disasters following the Great East Japan
Earthquake caused the automotive industry, which is the
major market of the group, to slow down greatly in the firsthalf of the fiscal year. This slowdown was due to supply
shortages, such as severing of the supply chain. Conversely,
the industry showed rapid recovery in the second half ofthe fiscal year due to increased production and restarting of
eco-car subsidies. Even so, the appreciating yen created adifficult situation for the group. Furthermore, in theinformation industry, there were almost no large-scale
development projects such as development of core system.
This resulted in overall stagnation. However, our groupsucceeded in realizing increased revenues and profits.
In the Science, Medical and Life Industry Group, sales ofmain products in the medical instrument business were far
below the number of products sold during the previous
fiscal year. This decrease was due to a stagnant global
economy and the appreciating yen. The security businessrecovered rapidly due to heightened awareness in Japan
regarding crisis management which requires equipment
such as security cameras. In the scientific instrumentbusiness, we focused on joint industry-academia projects
with universities and research institutions in the Russian
CIS market. However, earnings decreased due theappreciating yen. Our group recorded increased revenues
and decreased profits.

Net Sales and Operating Income by Business Segment■

Current consolidated fiscal year (April 1 st, 2011 to March 31 st, 2012 )Energy Machinery
Industry GroupResource, Metal and Materials Technology, Automobiles and Science, Medical and Life
Industry Group
Information Industry Group
Industry GroupNet Sales

16,287

15,585

5,294

9,319

Operating
Income

3,202

206

609

273
(Million yen)3

E n e rgy Mac h in e ry In d us try G roup

R e s ourc e , Me tal an d Mate ria l s I n d u st r y G r o u p

Increased demand for natural gas (LNG)

Entering new business and regions

In our groupʼs core businessof fluid handling machinery,
we respond to the needs ofboth domestic and overseas
users through an integrated
system from manufacturing
to sales. A structural shift isoccurring in energy from oil
to natural gas (LNG) andsales of LNG loading arms
were strong. We expect
future growth in the new
business of loading package
systems for trucks (TLP).
Loading arms for LNG

Technology, Automobiles and Information Industry GroupS c ie n c e , Me d ic al an d L ife I n d u st ry G r o u pEntering new markets throughhigh value-added products

Recovery of performanceby Security Division

Ratio of sales

Science, Medical and Life
Industry Group

Energy Machinery
Industry Group

20％
11％

Net Sales
46,23635％

Million yen

34％
Technology, Automobiles andInformation Industry GroupResource, Metal and Materials
Industry Group

Refractory bricks

In the field of iron manufacturing
materials, our group is working to
expand new business such asimporting of ferrochrome
products from South Africa andmanganese products from
Vietnam. In the materials
business, we have constructed an
independent network and areworking to increase trade for our
integrated refractory goods
business which includes
production, sales and provision of
product technology forrefractory goods.

Model processing machinery

Through the development,
manufacturing and sales ofsoftware, the provision of
information processing services,and the supply of various types of
3D measuring devices and related
equipment, our group contributes
to product development and cost
reduction for users in industries
such as automotive, heavy electricmachinery, home appliances andrailroads. In the future, we will
focus on developing new products
and on improving the ratio of
in-house products which featurehigh added-value.

BiOLiS 50i Premium

Security camera system

More than 80% of products in ourgroupʼs medical instruments
business are exported overseas.
Our blood analyzer BiOLiS has an
outstanding reputation in the
global market. In the security
business, we were able to improvebusiness performance throughmeasures to strengthen sales of
security camera systems. In thescientific instruments business
which is centered on the Russian
CIS market, we are engaging inindustry-academia partnerships
with research institutions such as
Moscow State University.

4Group Topics
Energy Machinery Industry Group

Domestic GroupNIIGATA LOADING SYSTEMS, LTD.
Domestic GroupOil receiving arm for Kashima Oil Co., Ltd. completes first shipment

TOKYO BOEKI MACHINERY LTD.

Our company delivered a RCMA-T oil receiving loading arm to Kashima Oil Co., Ltd. On
September 25 th 2011 , this loading arm received oil from a tanker and successfullycompleted the first handling operation after the Great East Japan Earthquake. As part ofcooperation for recovery from the earthquake, we manufactured and installed this loadingarm in as short a time as possible. Niigata Loading Systems is working as hard as possible torestore its handling facilities from damaged suffered during the Great East Japan
Earthquake.

TLP Project acquires ISO certification
This March, ISO 9001 (Quality Management System) certification
was acquired by the TLP (Truck Loading Package) business of theEnergy Machinery Industry Group. The TLP business was started in2008. Acquiring certification contributed greatly to the growth of
the TLP business by improving internationally reliability andreforming business efficiency. In the future, we shall seek to further
improve customer satisfaction in accordance with our quality manualand shall make great efforts to provide customers with high-quality
products.

Korea Gas Corporation Tongyeong Terminal Jetty No. 2
Completed transfer of LNG loading arm
TLP（Truck Loading Package）

Delivery of LNG loading arm for Okinawa
Prefectureʼs first LNG receiving terminal
We successfully delivered a LNG loading arm for the Yoshinoura
Thermal Power Plant (currently under construction) of Okinawa
Electric Power Company. It is the first LNG receiving facility in
Okinawa Prefecture. This project was extremely important to ourcompany and we took every possible measure to ensure success. As aresult of revised energy policy following the Great East Japan
Earthquake, expectations and demand towards LNG continue toincrease. We shall continue to work to further increase customer
satisfaction and shall make great efforts to provide customers withhigh-quality products.

5

Loading arm for receiving oil

Following Incheon I, Incheon II and Tongyeong I, we delivered Tongyeong II, the fourthloading facility for Korea Gas Corporation. In accordance with customer requests, allprevious peripheral equipment has been manufactured in Italy. However, from the recent
delivery, all such equipment has been manufactured by NLS. Installation finished in
September 2011 and commissioning transfer has also been completed. Currently, we are
performing dredging construction to enable docking by large vessels. Operation isscheduled to begin this September.
LNG loading arm
Domestic GroupTOKYO BOEKI MACHANICS LTD.
Advancing a hydrogen separation membrane unit
which separates hydrogen and CO2

LNG loading arm

In fiscal year 2011, we developed and manufactured a prototype of a hydrogen separation
membrane unit for coal-fired thermal power plants. Current thermal power plants generate
electricity by steaming coal to release gas and rotate a gas turbine. Furthermore, electricity is
generated creating steam from waste heat emitted from the gas turbine and then using thesteam to rotate the turbine. This unit separates hydrogen and CO2 from gas emitted during
steaming of the coal. The separated hydrogen is then used to create further electricity with theaim of heightening the efficiency of generating electricity. We will deliver a prototype unit to a
power plant in June 2012 and will commence commercial production after a two-year periodof test operation. We expect this unit to be adaptable to other facilities and to enable further
market expansion.

Prototype of hydrogen separation
membrane unit

6

Group Topics
Overseas GroupResource, Metal and Materials Industry GroupTOKYO BOEKI (BEIJING) LTD.
Global expansion of refractory goods business

Domestic GroupTOKYO BOEKI STEEL & MATERIALS LTD.
Steady implementation of Coal Composite Project in Shanxi Province, China
In 2011 , we established the Ho Chi Minh Office in Vietnam and the Calcutta Office inIndia. We expanded our overseas bases to China, Australia, Indonesia, Vietnam and India.
Furthermore, we are actively pursuing development of new markets in the Asia andOceania regions for all of our companyʼs main business of steel, raw materials, materials
and construction. Additionally, the Shanxi Province Coal Composite Project in which wehave made a total capital investment of 150 billion yen is proceeding smoothly. We plan
to start outputting coal in 2012 from the high-quality coal mine which is currently being
developed.

Coal Composite Projectin Shanxi Province
Raw coal silo

For approximately 20 years, our companyʼs core business of refractory goods has consistently
delivered cost-competitive products which possess outstanding quality to users at Japanese
ironworks. Since 2012, in addition to stable preservation and expansion of delivery in theJapanese market, we have decided to utilize the experience and personal connections which wehave established in order to actively sell refractory goods in overseas markets and China. We
have already supplied samples to ironworks, environmental and energy businesses locatedoverseas. Sale of refractory bricks in China has now become possible. We will place further focus
on projects in China. In addition to a refractory goods business which focuses on Japan, we will
expand the dimension of our activities in order to develop a global business.

Temporary assemble of
Hozan convertor

Technology, Automobiles and Information Industry Group
Domestic GroupTOKYO BOEKI TECHNO-SYSTEM LTD.
Development of new model processing machine Laymatic MILL7!

Overseas GroupTOKYO BOEKI（AUSTRALIA）PTY.,LTD.

30 years ago, our company developed the worldʼs first horizontal model processing machine. Since
then, we have delivered more than 100 machines to the design departments of automotive
companies in Japan and throughout the world. In March 2012, we released the new model
processing machine Laymatic MILL7, which is the 7th generation. We spent one year developing thisOrder received for noise reducer for Vic Roads
The noise reducer handled by Tokyo Boeki was used in the project to reduce noise on
highways managed by Vic Roads, the highway department of the state of Victoria inAustralia. In addition to the state of Victoria, this project will be used as a foothold forfurther sales in the state of Queensland, New South Wales, West Australia and South
Australia. We will continue to contribute to reforming the living environment in Australia.

high-speed, high-accuracy and high-function machine. The machine realizes high-speed processingof 15m per minute, which is 3 times the speed of conventional machines, as well as spindle power of
3.7Nm, also 3 times the power of conventional machines. This authentic model processing machineis equipped with our companyʼs first fully synchronized 5-asix control function and an automatic toolchanger that supports 15 tools. Furthermore, in addition to conventional clay models, the machine
also supports a wide variety of materials such as artificial wood and foam. We have great expectations
for sales of as a versatile model processing machine which realizes high cost performance.

Noise Reducer

Overseas GroupTOKYO BOEKI (CHINA) LTD.

Tool changer

T-BICS INC.
Started operation of shared main system for Tokyo Boeki GroupASC bricks

Agalmatolite bricks

7

Machine bodyDomestic GroupNew development of ASC and agalmatolite brick factory
Since last year, we have been developing a new supply factory for high-quality refractory
goods (ASC bricks, agalmatolite bricks) at greater cost competitiveness. The new factory
which has currently started business in ASC bricks is scheduled to start development ofhigh-quality spinel bricks and MgO-C bricks. Additionally, the new agalmatolite brickfactory possesses the technology to respond to high-level customer demands such as
bricks with complicated shapes. In the future, we will continue to introduce high-quality,
cost-competitive refractory bricks which respond to customer needs in China and Japan.

5-axis head

In conjunction with operation of a mission-critical system (G-NIS) that is shared by all companies in
the Tokyo Boeki Group, we prepared a help desk and an operating system to oversee system
maintenance and aggregation of user opinions. We have also expanded the functionality of thesystem. At the same time, we have evolved to utilize a communications network which enables
sufficient security and contact between individual companies. Such measures include constructinga system infrastructure and a virtual exclusive line (IP-VPN) for connecting headquarters building
with offices in each region, as well as developing a customer management system (CRM) andproduction management system (N-map) which are based on mobile connections.

Diagram of Tokyo Boeki Group network

8

Group Topics
Domestic Group

Technology, Automobiles and Information Industry GroupTOKYO BOEKI TECHNOLOGY LTD.

Domestic Group

T.B. TECH CO., LTD.

Exhibited at the 4th International Forum LABComplEX

Started sales of the agentless backup software Data Tomo-AT

Our company participated in the 4th International Forum LABComplEX which was heldKiev, the capital of Ukraine, from September 27th to 30th, 2011. The forum is Ukraineʼslargest exhibition of scientific instruments and is held every autumn by the National
Academy of Sciences of Ukraine. At this yearʼs forum, our booth was visited by top
Ukrainian officials such as Prime Minister Azarov and Mr. Borys Paton, Chairman of the
National Academy of Sciences of Ukraine. All the officials showed great interest inadvanced Japanese equipment.

From December 2011, we constructed a cooperative structure with A.T. Works Inc. andstarted sales of our companyʼs products. A.T. Works is a major seller of Red Hat Linux servermachines and has the top sales record in Japan. Our companyʼs products are listed on the
homepage of A.T. Works and we have already received inquiries from several companies.
The partnership is off to a good start and we expect an increase in sales. A feature of ourcompanyʼs products is that they enable backup processing through simple settings. There isabsolutely no need to make individual settings for each server which is to be backed up.
Furthermore, recovery can be performed simply by operations from Explorer. It is alsooffered at a reasonable cost (70% decrease compared to our companyʼs products; approx.
200 thousand yen), making it an even more affordable product.

Agentless Backup Software
Cloud compatible version

Data Tomo-AT○ Agents not required, enabling low-cost implementation○ Back up for all files seen using Explorer○ Easy display using drag and drop (restore)○ Function for sending mail for backup volume, etc.
○ If one more unit is added, backup is possible

Features of Data Tomo-AT
Domestic GroupTOKYO BOEKI MEDISYS INC.

Overseas Group

Exhibited new products BiOLiS 50i/15i at MEDICA 2011

TOKYO BOEKI NORTH AMERICA, INC.
Batch delivery of design modeling facilities to Tesla Motors
We received orders and delivered equipment such as model processing machines (P-Mill)and layout machines manufactured by Tokyo Boeki Tecno-System to the Design Studio(Los Angeles) of Tesla Motors, an American automotive manufacturer. Tesla Motors is aventure corporation that manufactures electric vehicles and is attracting attention fromthroughout the world. There are also many Japanese users and our business relationshipwith Tesla Motors will help to improve TBNAʼs brand image. Furthermore, we have formeda partnership and taken action together with Toyota Motors for the development andmanufacturing of RAV4 electric vehicles. We expect system implementation in the future.

Model processing machine

BiOLiS 50i superior

BiOLiS 15i neo

TOKYO BOEKI（RUS）LTD.

Domestic Group

Participated as main sponsor of the 6th Science Festival

TB-eye LTD.
Towards total service for security

9

Our company exhibited in MEDICA 2011 (Dusseldorf, Germany), the worldʼs exhibitionof medical instruments which was held from November 16th to 19th, 2011. It is the 9thconsecutive year that we have participated in the exhibition since 2003. At the recent
show, we exhibited the automatic analyzer BiOLiS 24i Premium, as well as BiOLiS 50i
Superior and BiOLiS 15i Neo, new models which are scheduled to be released in springof 2012. During the exhibition period, our booth was visited by 52 new agents from 25
countries, in addition to existing agents. Our products were highly recognized for both
performance and quality. We received a position response which bodes well for future
sales of new products.
Overseas Group

Science, Medical and Life Industry GroupIn order to realize a total-service manufacturer trading company, our company isexpanding into the fields of digital signage and cables, based on our core security
business. Through our partnership with Koreaʼs Samsung Techwin, we contribute to thesafety of society through our business. At the Security Show 2012 held in March 2012,
we exhibited high-vision video systems and 50-inch, 4-screen multi-vision systems.

Our companyʼs booth atInternational Forum LABComplEX

Our companyʼs booth at
Security Show 2012

From October 7 th to 9 th, 2011 , the 6 th Science Festival was held at Moscow State
University with attendance from Mayor Sobyanin of Moscow and President Sadovnichiyof Moscow State University. Beginning from this year, the festival has been elevated to afederal level and featured participation from more than 100 Russian universities andresearch institutions. Our company is a main sponsor of the festival. Every year, we
support scientific research by elementary, junior high school and high school students,
thus contributing to interest towards science among the youth.

Scenes from the Science Festival

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 in income
Net Income

units:thousands of yen

2011

April 1, 2011 – March 31, 2012 April 1, 2010 – March 31, 2011

46,236,485
34,480,420
11,756,064
8,945,117
2,810,946
199,509112,985
2,897,471

ー
30,4772,866,993
1,897,496△ 383,335
528
1,352,304

Consolidated Balance Sheets
Account Item

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

46,278,758
36,588,486
9,690,272
7,806,989
1,883,282
257,929
118,9422,022,269
16,356
246,464
1,792,160
876,019△ 52,774△2,439971,354

units:thousands of yen

2011

2010

As of March 31, 2012

As of March 31, 2011

21,672,815
6,520,408
28,193,224

22,438,963
6,535,550
28,974,514

16,394,889
874,993
17,269,882
11,635,966△ 713,153
529
10,923,342
28,193,224

Domestic Group Company

Overseas Group Company

TOKYO BOEKI MACHINERY LTD.

AUSTRALIA※Nonconsolidated Group Company

2010

18,252,460
909,297
19,161,757
10,452,121△ 639,381
16
9,812,756
28,974,514

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

NIIGATA LOADING SYSTEMS, LTD.

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

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

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.

TB-eye LTD.

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 (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

CIS

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

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

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

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

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

T-BICS INC.

President: Masaaki Watanabe
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 TECHNOLOGY LTD.

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

CHINA

TOKYO 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)TOKYO BOEKI MECHANICS LTD.

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

TOKYO BOEKI MEDISYS INC.

President: Toshiaki Ueda
Description of Business: Sale and service of measuring equipment and peripheral software

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

GUANGZHOU, CHINA TOKYO BOEKI LTD. (GUANGZHOU)※
President: Hideya Goami
Description of Business: Development, manufacture and sale of biochemical automatic clinicalanalyzers for the medical field

THAILANDT. B. TECH CO., LTD.

President: Toshiharu Saburi
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
Group Company○TOKYO BOEKI MACHINERY LTD○NIIGATA LOADING SYSTEMS, LTD.
○TOKYO BOEKI MECHANICS LTD.

Overseas
Energy Machinery
Industry Group

Sales Oﬃce
Beijing
Malaysia

Resource,
Metal and Materials
Industry Group

Executives of Tokyo Boeki Group (As of June 28, 2012)<Tokyo Boeki Group>Tokyo Boeki and 17 member companies<Board of Directors>
Representative director, Chairman and CEO

Hiroshi Machida<Established>
October 30, 1947

Director, Executive Vice President
Responsible for new business strategy of the group

Hideya Goami<Shareholdersʼ Equity>¥11.6 billion

Director, Executive Vice President
Responsible for new products and new technology strategy of the group

Takao Iguchi<Employees>

Director, Executive Vice President
Responsible for new management system strategy of the group

Toshiaki Ueda

Director, Executive Vice President
Responsible for overseas market strategy of the group

Masayoshi Tanaka

Senior managing director
Responsible for administrative business headquarters

Hisashi Urushizaki

Director
Responsible for complianceToshiro Kawata

739

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

Company Outline (As of March 31, 2012)

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.
SHENYANG TOEI MACHINERY CO., LTD.

<Head Office(Operating holding company) >TOKYO BOEKI LTD.
2-13-8, Hatchobori, Chuo-ku, Tokyo 104-8510 Japan

Stock Information<Total Number of Authorized Shares>
38,519,920 shares<Board of Corporate Auditors>
Standing corporate auditor

Toshihiko Kezuka<Total Number of Stock Issued>
5,045,165 shares

Corporate auditor

Yoshimi Ito

Corporate auditor

Yasuhiro Numata<The Number of Shareholders>
119Group Company○TOKYO BOEKI TECHNO-SYSTEM LTD.
○T-BICS INC.
○T. B. TECH CO., LTD.

Group Company○TOKYO BOEKI TECHNOLOGY LTD.
○TB-eye LTD.
○TOKYO BOEKI MEDISYS INC.

Domestic ClientTechnology,
Automobiles
and Information
Industry Group

Science,
Medical and Life
Industry Group

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

<Major Corporate Shareholders>Name of Shareholder

Number of stocks held

Ratio of Shareholding

Tokyo Boeki Employee Share Holding Commission

815,000 shares

16.16％

Tokyo Marine & Nichido Fire Insurance Co., Ltd.

498,000 shares

9.87％

The Toa Reinsurance Company, Limited.

408,000 shares

8.08％

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

249,000 shares

4.93％

Nippon Life Insurance Company

120,000 shares

2.37％

Our Group Homepage

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

Overseas Client

www.tokyo-boeki.co.jp○Consolidated Subsidiary※Equity Method Aﬃliate

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Annual Report
April 1, 2011 - March 31, 2012

2-13-8, Hatchobori, Chuo-ku, Tokyo 104-8510 TEL. 03-3555-7211 FAX. 03-3555-7079

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

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

Tokyo Boeki Group will celebrate our 65th anniversary in 2012.