2nd Fiscal Midterm BUSINESS REPORT
April 1, 2004

September 30, 2004

Ticker Code: 6675

To Our Shareholders

For Tomorrow’s Blossom: The Management Strategies of Tamura-Taiko SAXA GroupTo Our Shareholders
We appreciate the continued support of our shareholders.
On April 1, 2004, we adopted the brand name saxa, andTamura-Taiko SAXA Group was born.
The Group’s goal is to be an innovative company that canutilize its original technological and development
capabilities to meet customers’ expectations. We lookforward to your continued assistance and support in the
future.

Susumu Harashima

Masanori Yoshioka

Representative Director
and Chairman

Representative Director
and President

Expanding Business and Strengthening theManagement Structure
Tamura-Taiko SAXA Group has implemented avariety of measures aimed at increasing
competitive strength and profitability throughmanagement integration. Specific measures
have included reorganization of Group
Companies, promotion of production reforms,
and concentration and relocation of Development
and Sales Divisions.On October 1, we integrated
the Group’s two logistics companies, and we are
currently promoting greater efficiency in
distribution within the Group.
In the future, we will endeavor to expand
business and strengthen the management
structure, in order to further increase the effectsof this integration.

■ Expanding BusinessNetwork Solutions Business
While promoting the integration of models, we will expand our productlineup and lead the market by introducing a wide range of new products,
including wireless systems, IP systems, and key telephone (businessphone) systems with added service functions that offer greater value forcustomers.
Security Solutions BusinessWe will strengthen our product lineup in remote sensing systems, control
systems, and security systems for private and corporate applications, inorder to contribute to securing and maintaining safety and peace of mind
at all levels of society. We will also work to further expand business
related to various card systems, tag systems and other areas that
anticipate the coming ubiquitous society.
New BusinessWe are actively investing in development in business that require newelemental technologies, such as key components and factory automation(FA), in order to create new core businesses.
Research and Development
We will cultivate the core technologies that we have accumulated inbusiness such as communications, security, and mechatronics, andactively implement new technologies, in order to strengthen our R&D
activities and embody the results in existing and new business.

1

Increasing Corporate Value
The management philosophy of Tamura-Taiko SAXA Group is to “Contribute to the development of a rich and active society
by creating new value around a core of original technologies.” Based on the following five key policies, we will aim for a
10% Ratio of consolidated Ordinary Income to Net Sales, and push forward in concentrating the Group’s power andincreasing corporate value.
1. Position the Network Solutions Business and the Security Solutions Business as core businesses, expand and develop
businesses through integration, and create new core businesses.
2. Establish a “market creation style” product development system and expand business domains by fostering and utilizingcore technologies, and by combining various technologies.
3. Reconstruct the Group-wide supply chain to strengthen the Group’s ability to respond to market demands with regard toquality, cost, and delivery schedules.
4. In addition to the effective use of tangible assets, promote management that emphasizes intangible assets such astechnical, sales, and production capabilities, as well as brand value, and aim to maximize capital efficiency.
5. Improve upon internal audit systems, risk management, and compliance, including conformance with personal
information protection laws, thereby strengthening corporate governance.

■ Strengthening the Management Structure

1. Optimizing Production Systems

Network
Solutions
Business

Security
Solutions
Business

In order to further strengthen the company’s ability to respond tomarket demands regarding quality, cost, and delivery schedules, wewill increase production efficiency through production reforms,
construct production systems in Japan and overseas that are ideallysuited to the characteristics of the products being manufactured, andconcentrate domestic production bases* (increase efficiency throughintegration of distributed or redundant production functions).
* We will continue to investigate specific methods of concentrating domestic production bases, based on a plan
involving the concentration of bases in the Yonezawa Plant by the end of March 2005.

Research and Development
Utilize core technologies /promote introduction of new technologies

Network
Solutions
Business

Security
New
Business Solutions
Business

Business Expansion

2. Ensuring appropriate staff structures
As part of efforts aimed at strengthening the management structure,
we will promote further systemization and greater efficiency ofoperations. At the same time, we will implement manpower
reorganizations and utilize various personnel systems to construct aGroup personnel system comprised of 1,500 employees by the endof March 2007. (Currently about 1,900 employees)

3. Increasing Capital Efficiency
In order to prepare for investments in future business expansion andat the same time to strengthen the financial structure, we will review
current assets and promote effective application and increased
mobility of those assets.
In the future, we will conduct
comprehensive studies on the details of these activities, targeting all
existing assets, including both the Headquarters (Meguro-ku, Tokyo),and the Nakanobu Office (Shinagawa-ku, Tokyo)

2

TOPICS

Verification tests begin on the first non-contact IC payment service for taxis in Japan
SAXA, Inc., in collaboration with Kanachu Hire K.K. and JCB Co., Ltd. began verification tests in
November 2004 targeting payment services using non-contact IC1 technologies.
The goal of these tests is to create a simple and convenient new payment system for taxis. This willbe the first credit payment for taxis in Japan to use non-contact IC technologies. In these tests,“i-mode Fellica2 [Mobile Wallet]” will be distributed to Kanachu Hire employees with JCB credit cards,
to enable payments using the JCB payment service “QUICPay3.” Taxi fares can be paid quickly bysimply holding the mobile phone up to an on-board terminal that is linked to the taxi meter.
Fares are invoiced later via regular JCB card payments. SAXA, Inc. will provide the on-board pay- On-board terminal (used by driver)ment terminals for the taxis, as well as the fare data processing systems installed at the Kanachu Hire
Head Office and branch offices.
A variety of studies will be conducted based on questionnaire surveys of users and drivers, aiming
for full-scale implementation of the system by the spring of 2005.
1. IC = Integrated Circuit
2. i-mode is a registered trademark of NTT DoCoMo, Inc.
Fellica is a registered trademark of Sony Corporation.
3. QUICPay [Quick & Useful IC Payment]: A new payment service developed by JCB Co., Ltd. and Aeon Credit Service Co., Ltd.
Enables speedy credit payment using a deferred payment system, without the need for prior charges.

On-board terminal and Mobile Wallet“CL500” Bluetooth Cordless Phone goes on sale
SAXA, Inc.’s newly developed “CL500,” the industry’s first Bluetooth4 cordless phone, went on sale from November
2004.
The CL500 is the industry’s first completely cordless business phone to feature a Class 1 type5 Bluetooth module as the wireless component. Bluetooth is a wireless system that uses frequencies in the 2.4 GHz range, and features “frequency hopping6,” which enables greater energy savings than wireless LANs, thus offering a maximum operating range of 100
meters. With the high-speed data communication capabilities that are characteristic of Bluetooth, response time is dramatically improved in comparison to conventional cordless phones (for example, the handset rings immediately after the callis received), and the audio quality is considerably clearer.
Among the main features and functions of the CL500 are multi-function keys on the main phone unit and the cordless handsets to ensure the same operability for both, and a Kanji-compatible display that ensures outstanding visibility and ease ofoperations for phonebook searches and various other menu operations.
4. Bluetooth: An interface developed by the standardization consortium “Bluetooth SIG” to achieve data exchanges among awide range of devices, such as PCs, peripheral devices, household appliances, and mobile phones.
5. Bluetooth is divided into three classes according to communication output. Class 1 offers the highest expected transmission range,
at about 100m.
6. Frequency hopping: A wireless communication technology designed to enable rapid changes in communication frequencies (“hopping”) over an extremely short period of time. Frequency hopping is highly resistant to electrical interference – for example, it will
select other frequencies when a given frequency is affected by noise or is being used by another device – and is also highly effective in maintaining confidentiality in communications.
The CL500 phone, with a front viewof the cordless headset.

3

Environmental Efforts
In April 2004, Tamura-Taiko SAXA Group made a new environmental declaration, stating that it would “promote businessactivities with consideration for the environment in all business fields, and would contribute to the development of a sustainable society that exists in harmony with nature,” and started its environmental protection activities
For further information on environmental policies, please refer to the Tamura Taiko Holdings homepage.

http://www.tthd.com
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Environmental
information

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IR information
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IR information (Environmental information) page

Promoting stronger compliance systems
Tamura-Taiko SAXA Group has already established a Compliance Committee, and makes every possible effort to ensureethical behavior, fairness, and strict conformance with laws and regulations, by receiving advice whenever necessary
from corporate lawyers in regard to issues related to laws and compliance. Now, the Group will make the following
improvements aimed at further strengthening the compliance system● Establishment of “Tamura-Taiko SAXA Group Charter of Corporate Behavior” and“Tamura-Taiko SAXA Group Code of Conduct”
Tamura-Taiko SAXA Group is well aware that fulfilling its Corporate Social Responsibilities as a corporate citizen in
an information network society is tied into continued healthy growth and increased corporate value, and as such isessential to the recognition of the Group Companies as companies that are truly needed by society.
The Charter of Corporate Behavior and the Code of Conduct were established on November 1 to strengthen and promote compliance, to ensure strict conformance with laws, and to encourage behavior that is in keeping with corporate
ethics, so that the Group can fulfill its corporate social responsibilities.
The Charter of Corporate Behavior indicates basic policies related to compliance based on the Group’s“Management Philosophy,” while the Code of Conduct defines standards of behavior that each employee must strive
for on a daily basis, from the perspective of corporate ethics and conformance with the law, and based on the compliance policies laid out in the Charter of Corporate Behavior.

● Establishment of a Corporate Ethics Helpline
On November 1, the Group established contact points both inside the company (the Tamura Taiko Holdings
Compliance Committee Secretariat) and outside (at a Law Office) to respond to employees' inquiries regarding compliance, as a means of strengthening the overall compliance system.

4

Financial Highlights
Overview of the 2nd fiscal midterm
Tamura-Taiko SAXA Group operates in two core business fields: the Network Solutions Business, which
focuses mainly on key telephone system products, and the
Security Solutions Business, which provides products
related to security, cards, remote monitoring, and related
applications. The Group has been working diligently toquickly achieve synergistic effects in sales and productdevelopment capabilities through management integration
as well as increased efficiency in all other businesses,
and to strengthen overall competitiveness and profitability.
As a result of these efforts, consolidated net sales forthe current midterm were 32.996 billion yen.
In terms of income, consolidated ordinary income was
1.482 billion yen, partly due to temporary expenses
incurred as a result of the Group’s reorganization, butwith the adjusted amount of and other corporate taxes,
among other factors, consolidated midterm net income
was 934 million yen.

Security Solutions BusinessNet sales in this business totaled 15.617 billion yen.
This resulted from efforts to secure orders by introducing
new products including security devices and wirelessremote monitoring systems, as well as steady incoming
orders for IC card reader units targeting the leisureindustry, along with other units and products.

*

Because Tamura-Taiko SAXA Group was established in February 2004
with the integration of Tamura Electric Works, Ltd. and Taiko ElectricWorks, Ltd., there is no comparison with the midterm of the previous year.

■ Our Business Fields
Development

Production

Network Solutions:■ Key telephone systems■ Network equipment■ Public telephones

Security Solutions:

Network Solutions BusinessNet sales in this business totaled 17.378 billion yen. This
figure was achieved because of a steady flow of incoming
orders that resulted from the introduction of new products
onto the market, including key telephone systems compatible with IP phone services, as well as the synergistic
effects in sales brought about by management integration.

■ Remote monitoring& security systems■ CAMPUS SYSTEM and
MANSION SYSTEM(for condominiums)■ Traffic and transportation
systems■ IC Card-related equipment■ Counters and other application components

Service

Maintenance■ Movement in Sales and Ordinary Income Ratios■ Movement in Net Sales by business(Billion yen)
42

(Billion yen)
35

(%)
7

Net sales

Movement in
Net Sales by business
17.3

Tamura Electric

35

6

17.7

4.49

18.7

4
3.68
3.42

0

20

Tamura Electric

15

Taiko Electric

3

2.83
9.1

9.3

Year ended Year ended
Sept. 2003 Sept. 2004

The Company

102Year ended
Sept. 2005

Security Solutions
Business

25

Movement in Ordinary
Income Ratios

21

7

16.2

The Company

Network Solutions
Business

5

3.98

14

30

Taiko Electric

32.9
28

Sales

5

1

1. Rounded down to the nearest 100 million yen.
2. Ordinary Income Ratio has been rounded to the nearest
3rd decimal place.

15.6
11.9

0

5

Year ended
Sept. 2004

Year ended
Sept. 2005

1. Figures for the previous interim period are simply the sum of figures for
Tamura Electric Works, Ltd. and Taiko Electric Works, Ltd.
2. Rounded down to the nearest 100 million yen.

Condensed Financial Statements● Consolidated Balance Sheet
Account item

2nd Fiscal midterm

32,424
6,663
12,926
10,313
2,521
29,90618,1084,891
6,906
62,330Liabilities
Current liabilities
Notes and accounts payable
Short-term borrowings
Other current liabilities
Long-term liabilities
Long-term loans payable
Reserve for retirement benefits
Other long-term liabilities
Total liabilities

21,584
8,388
8,313
4,882
18,648
6,561
5,139
6,947
40,232

Shareholders’ Equity
Common stock
Capital surplus
Retained earnings
Stock revaluation difference
Foreign currency translation adjustments
Treasury stock
Total Shareholders’ Equity
Total Liabilities, Minority Interests and Shareholders’ Equity

Account item

(As of September 30, 2004)

AssetsCurrent assets
Cash and bank deposits
Notes and accounts receivable
Inventories
Other current assets
Fixed assets
Property, plant and equipment
Intangible fixed assets
Investments and others
Total Assets

Minority Interests
Minority Interests● Consolidated Statement of Income(Millions of yen)

(From April 1, 2004, to September 30, 2004)

32,99625,550
5,888
1,557
389
463
1,482
6
106
1,382
358
89
934

Net sales
Cost of goods soldSelling, general and administrative expenses
Operating income
Nonoperating income
Nonoperating expenses
Ordinary income
Special gains
Special losses
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Minority interests in earnings of consolidated subsidiaries
Net income● Statement of Retained Earnings
Account item-

10,836
6,331
4,671
283
5
a29
22,09862,330(Millions of yen)

2nd Fiscal midterm(From April 1, 2004, to September 30, 2004)

Capital surplus
Balance of capital surplus at beginning of year
Increase in capital surplus
Gain from disposition of treasury stock
Balance of capital surplus at end of year

6,303
27
27
6,331

Retained earnings
Balance of retained earnings at beginning of year
Increase in retained earnings
Net income
Increase due to a reversal of land revaluation difference
Decrease in retained earnings
Directors’ and auditors’ bonuses
Balance of retained earnings at end of year

325
4,359
934
3,424
13
13
4,671

● Consolidated Statement of Cash Flows
Account item
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of the term
Cash and cash equivalents at end of the term

6(Millions of yen)

2nd Fiscal midterm(Millions of yen)

2nd Fiscal midterm(From April 1, 2004, to September 30, 2004)

3,505
a1,842
a307
0
1,354
5,235
6,590

Condensed Financial Statements● Non-consolidated Balance Sheet
Account item

● Non-consolidated Statement of Income(Millions of yen)

2nd Fiscal midterm

Account item

(As of September 30, 2004)

AssetsCurrent assets
Cash and bank deposits
Deferred tax assets
Other current assets
Fixed assets
Intangible fixed assets
Trademark rights
Investments and others
Investment in stock subsidiaries
Deferred tax assets
Total Assets

316
269
15
32
20,40311
11
20,391
20,3838
20,720Ordinary Profit-and-Loss section
Operating revenue
Management charges of affiliated companies
Permission charges for using trademark
Total Operating revenue
Operating expenses
General and administrative expenses
Operating income
Nonoperating income
Other nonoperating income
Nonoperating expenses
Other nonoperating expense
Ordinary income

Liabilities
Current liabilities
Short-term borrowings
Accounts payable-otherAccrued expenses
Accrued income taxes
Consumption taxes
Other current liabilities
Long-term liabilities
Reverse for retirement benefits
Reserve for directors’ and auditors’ retirement allowance
Total liabilities

226
100
3
19
89
8
4
20
3
16
246

Special Profit-and-Loss section
Special gains
Gain on sales of investments securities in affiliated companies
Special losses
Loss on liquidation of subsidiaries
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Net income
Profit brought forward
Unappropriated retained earnings

Shareholders’ Equity
Common stock
Capital surplus
Additional paid-in capital
Other capital surplus
Retained earnings
Unappropriated retained earnings
Treasury stock
Total Shareholders’ Equity
Total Liabilities and Shareholders’ Equity

10,836
9,562
3,000
6,562
104
104
a29
20,474
20,7207(Millions of yen)

2nd Fiscal midterm(From April 1, 2004, to September 30, 2004)

249
164
414
244
169
2
2
0
0
171

1
1
4
4
167
87
a19
98
5
104

Company Outline (as of Sept. 30, 2004)
Company Profile
Company Name

Tamura Taiko Holdings, Inc.

● Directors and Auditors(Tokyo Stock Exchange Ticker Code:6675)
EstablishedFebruary 2, 2004

Capital Stock¥10,836,678,400

Number of Employees

Representative Director
and Chairman
and President

Masanori Yoshioka

Managing Director

Shin Murakami

Managing Director

Shuji Matsuyama

Managing Director

Norio Motosugi

Managing Director

Masayuki Fukushima

Managing Director

Masao Koshikawa

Director

Kenji Wada

Management of subsidiaries undertaking mainly

Director

Hiroaki Tomoda

development, manufacturing, and sales ofStanding Auditor

Osamu Mizorogi

telecommunication network equipment andAuditor

Masao Fujimaki

systems.

AuditorTakashi Kouno

AuditorIsamu Fudeya

19 (Non-consolidated)
1,889 (Consolidated)

Head Office

2-2-3, Shimomeguro, Meguro-ku, Tokyo

Outline of Operations

Susumu Harashima

Representative Director

1. Kenji Wada and Hiroaki Tomoda are Outside Directors, as stipulated in
Article 188, Paragraph 2, No. 7(2) of the Commercial Law.
2. Takashi Kouno and Isamu Fudeya are Outside Auditors, as stipulated in
Article 18, Paragraph 11, of the Law regarding Special Cases in theCommercial Law related to Auditors, etc., in Joint-stock Corporations.

Tamura-Taiko SAXA Group(14 group companies)

SAXA Techno Yonezawa, Inc.

(as of Oct. 1, 2004)

SAXA Techno Tochigi, Inc.
SAXA Daito, Inc.
Production companies

SAXA, Inc.
Core business corporation

Benesol, Inc.
Union Electric, Inc.

Coretac. Inc.

Tamura Taiko Holdings, Inc.
SAXA Nozaki, Inc.

Holding Company

SAXA System Engineering, Inc.

Software development company

SAXA Technical Service, Inc.

Maintenance company

SAXA Business System, Inc.
Sales / maintenance corporation

SAXA Logistics, Inc.

Logistics company

SAXA Proassist, Inc.

Welfare service company* On October 1, 2004, SAXA Logistics Tochigi, Inc. merged with SAXA Logistics, Inc.; the name of the newly formed company remained as SAXA Logistics, Inc.
8

Corporate Data [Business Corporation (As September 30, 2004)]
SAXA Business System, Inc.

SAXA, Inc.
Established

April 1, 2004

Established

October 1, 1982

Capital Stock¥107 billion

Capital Stock¥170 million

Number of Employees

695

Number of Employees

206

Business

Development, manufacture and sales ofBusiness

Sales, installation, maintenance and repair

information and telecommunicationsof information and telecommunications

network components, equipment andnetwork components, equipment andsystems, as well as the supply services

system, as well as all operationsof incidental to these activities.

incidental to these activities.

● Directors and Auditors● Directors and Auditors

Representative Director

Representative Director

and President

Masanori Yshioka

and President

Toshio Yamada

Director

Norio Motosugi

Managing Director

Shuji Mogami

Director

Shin Murakami

Director

Mitsuyoshi Takamura

Director

Shuji Matsuyama

Director

Masanori Nakajima

Director

Masayuki Fukushima

Director

Shigeru Hama

Director

Kazunori Hata

Director

Masayuki Fukushima

Director

Masao Koshikawa

AuditorYuzuru Suzuki

Standing Auditor

Masao Fujimaki

AuditorOsamu Mizoroki

AuditorTakashi Kouno● Major Offices and Plants● Major Offices and Service Offices

Head Office

Meguro-ku, Tokyo

Head Office and Tokyo

Nakanobe Plant

Shinagawa-ku, Tokyo

Regional Office

Shinagawa-ku, Tokyo

Sagamihara Plant

Sagamihara, Kanagawa

Kita-kanto Regional OfficeKita-ku, Saitama

Tochigi Plant

Nishi-nasuno-cho, Nasu-gun, Tochigi

Chubu Regional OfficeNakamura-ku, Nagoya, Aichi

Yonezawa Plant

Yonezawa, Yamagata

Kansai Regional OfficeKita-ku, Osaka

Kansai Regional OfficeKita-ku, Osaka

Kyushu Regional OfficeChuo-ku, Fukuoka

Chubu Regional Office

Higashi-ku, Nagoya, Aichi

Sapporo Sales OfficeChuo-ku, Sapporo, Hokkaido

Kyushu Regional Office

Hakata-ku, Fukuoka

Sendai Sales OfficeMiyagino-ku, Sendai, Miyagi

Hokkaido Branch

Sapporo, Hokkaido

Shizuoka Sales Office

Shizuoka, Shizuoka

Tohoku Branch

Miyagino-ku, Sendai, Miyagi

Hiroshima Sales OfficeNaka-ku, Hiroshima

Chuogoku BranchNaka-ku, Hiroshima

Takamatsu Sales OfficeTakamatsu, Kagawa

Hokuriku Sales Office

Kanazawa, Ishikawa

Other service offices
nationwide

917

Stock Information (As of September 30, 2004)
Shares● Total number of shares authorized to be issued ...200,000,000● Total number of shares issued and outstanding .....62,449,621● Number of shareholders ...................................................8,747

Major Shareholders
NumberInvestment by shareholders

Name

Number of shares (thousand) Shareholding ratio (%)

1

Oki Electric Industry Co., Ltd.

8,447

13.53

2

NEC Corporation

6,060

9.70

3

Mizuho Bank, Ltd.

2,339

3.75

4

The Master Trust & Bank of Japan, Ltd. (trust account)

2,124

3.40

5

Sumitomo Mitsui Banking Corporation

1,767

2.83

6

BBH for Fidelity Japan Small Company Fund

1,567

2.51

7

Mizuho Trust & Banking Co., Ltd.

1,545

2.47

8

The Bank of New York Jasdic Treaty Account

1,129

1.81

9

The Bank of New York GCM Client Accounts E ISM

1,109

1.78

10

UBS AG London Asia Equities

789

1.26

1. Shares owned by Mizuho Bank, Ltd. include 1,778,000 Tamura Taiko Holdings shares (2.85% of stock holdings) contributed by Mizuho Bank, Ltd. as trust assets
for a Retirement Benefit Trust. (The name shown in the Shareholders’ Register is “Trust & Custody Services Bank, Ltd as trustee for Mizuho Bank, Ltd.,
Retirement Benefit Trust Account (Mizuho Bank account) re-entrusted by Mizuho Trust and Banking Co., Ltd.)
2. “Number of shares” has been rounded down to the nearest 1,000.
3. Copies of change reports (Large-volume holdings reports) dated October 15, 2004, and submitted by companies of the J.P. Morgan Group, were sent to Tamura
Taiko Holdings from those companies. As of September 30, 2004, it was reported (as shown below) that these companies jointly held 4,588,000 Tamura Taiko
Holdings shares (7.35% of owned shares). The status of this major shareholder has not been included, however, because Tamura Taiko Holdings was unable toconfirm the number of owned shares at the time of the interim period in question.
Name
J.P. Morgan Fleming Asset Management (Japan) Limited.
J.P. Morgan Fleming Asset Management (UK) Limited.

Number of Shares (thousand)
4,443
145

Shareholding ratio (%)
7.11
0.23

Distribution of Shareholders by Category
Foreign-affiliated corporations and foreigners

Securities companies

5.83%

Domestic corporations
Financial Institutions (excluding financial institutions
1st Fiscal Termand securities companies)
27.20%

1.50%

Individuals and others
36.94%

28.53%

Domestic corporations

2nd Fiscal(Midterm)

Financial Institutions (excluding financial institutions Individuals and others
and securities companies)
27.56%
25.51%
27.33%

Foreign-affiliatedcorporations andforeigners
18.76%

Securities companies
0.84%

0

20

40

60

10

80

100(%)

Shareholder Information
Closing of Accounts

March 31 of every year

Payment of Dividends

To be distributed to shareholders determined as of the balance
sheet date.

Ordinary General

June

Shareholders’ Meeting
Record Date for the

March 31

above Meeting
Transfer Agent

Mizuho Trust & Banking Co., Ltd.
2-1, Yaesu 1-chome, Chuo-ku, Tokyo

Transfer Agent Office

Stock Transfer Agency Department, Head OfficeMizuho Trust & Banking Co., Ltd.
2-1, Yaesu 1-chome, Chuo-ku, Tokyo

Mailing Address

17-7, Saga 1-chome, Koto-ku, Tokyo 135-8722

Telephone Contact+81-3-5213-5213 (switchboard)

Dedicated Web Site

http://www.mizuho-tb.co.jp/daikou/

Agencies

Mizuho Trust & Banking Co., Ltd.:All branches nationwide
Mizuho Investors Securities Co., Ltd.:
Head office and all branches nationwide

Newspaper for Public

Nihon Keizai Shimbun (daily newspaper)

Announcement Web Site Information 
The Company’s non-consolidated balance sheet and statement of income are disclosed at theCompany’s Web site, instead of the previous public announcement of financial statements in a
newspaper as set forth in the Articles of Incorporation.

http://www.tthd.com
At the above Web site, you can view various other information in addition to the Company’s financial statements.

Printed on 100% recycled paper