2012

Semiannual Report
For the six-month period ended September 30, 2011

TONAMI HOLDINGS CO., LTD.

Contents
1
4
6
		
7
8
10
11
11

A Message from the President
Unaudited Consolidated Balance Sheets
Unaudited Consolidated Statements of Income andConsolidated Statements of Comprehensive Income (Loss)
Unaudited Consolidated Statements of Cash Flows
Notes to the Unaudited Consolidated Financial Statements
Consolidated Subsidiaries
Board of Directors and Corporate Auditors
Corporate Data

Forward-Looking Statements
This report includes forward-looking statements that represent Tonami Group’s assumptions and expectations in light of currently available information.
These statements reflect industry trends, clients’ situations and other factors, and involve risks and uncertainties which may cause actual performance
results to differ from those discussed in the forward-looking statements in accordance with changes in the business environment.

A

M e s s a g e

f r o mt h e

P r e s i d e n t
The distribution industry was on a modest recovery
path supported by firmer demand for distribution of
production-related freight and recovery of the supply
chain following the earthquake. Nevertheless,domestic freight volumes are expected to remainlackluster partly because demand associated with postearthquake recovery has been less evident than
anticipated. The challenging business environment
persisted as customers’ efforts to reduce their logistics
costs and intensifying competition among providers oflogistics services exerted downward pressure on freight
unit rates.

Performance
I welcome this opportunity to report to ourshareholders on the operating environment andbusiness results for the six-month period ended
September 30, 2011.
During the first six-month period, the Japanese
economy gradually recovered from the impact of theGreat East Japan Earthquake of March 11, 2011.
Earnings of manufacturers and other export-relatedcompanies and personal consumption picked up
somewhat. However, prospects for the Japanese
economy remained unclear owing to the slowdown of
the world economy, the appreciation of the yen, andthe impact of the flooding in Thailand.

In these circumstances, the Tonami Group strove toexpand logistics-related businesses centering on truck
transport, freight forwarding, and third-party logistics

Unaudited Consolidated Financial Highlights
TONAMI HOLDINGS CO., LTD. AND CONSOLIDATED SUBSIDIARIESSix months
ended
September 30,
2011

Six months
ended
September 30,
2010

Thousands of
U.S. dollars(Note 1)
Six months
ended
September 30,
2011¥58,566
53,656
1,254
3,189
467
354
204
102

¥58,317
53,860
1,239
2,852
367
393
48
(331)

$760,202
696,469
16,27741,394
6,062
4,595
2,648
1,325

¥2.25—2.00¥0.54—2.00$0.0292—
0.0260

September 30,
2011

March 31,2011

September 30,
2011¥115,519
44,862¥117,412
44,945$1,499,468
582,322

Millions of yen

For the period:
Operating revenues .........................................................................
Logistics ......................................................................................
Information processing ...............................................................
Sales ...........................................................................................
Others ........................................................................................
Operating income ...........................................................................
Net income ....................................................................................
Total comprehensive income (loss) ..................................................
Per share (yen and U.S. dollars) (Note 2):
Net income (loss), basic ..................................................................
Net income, diluted ........................................................................
Cash dividends ...............................................................................
At period-end:
Total assets ......................................................................................
Total net assets ................................................................................
Notes:

1. U.S. dollar amounts presented in the unaudited financial statements are included solely for convenience and should not be construed as representations that Japanese yen amounts havebeen or could in the future be converted into U.S. dollars. The rate of ¥77.04 = U.S.$1, prevailing on September 30, 2011, has been used for the translation into U.S. dollar amounts inthe unaudited financial statements.
2. The computation of net income (loss) per share of common stock is based on the weighted average number of shares outstanding (which represents the number of issued shares lesstreasury stock.) during each period.

1

(3PL). As a result, operating revenues edged up 0.4%
or ¥249 million compared with the same period of theprevious year to ¥58,566 million.

The principal item of capital expenditure was theconstruction of the Kuki Branch of Tonami
Transportation Co., Ltd., the Group’s core company.
The branch in Kuki City, Saitama prefecture, started
operation following the completion of construction in
July 2011.

Operating income decreased 10% or ¥39 million to¥354 million. Net income was ¥204 million, an
increase of 319.7% or ¥156 million compared withthe same period of the previous year.

Full-Year Outlook
The recovery trend of production- and export-related
logistics demand that plummeted owing to theearthquake is expected to continue, albeit at a modest
pace, because of the slowing tempo of economic
activity overseas, the strong yen, unclear prospects fordemand associated with post-earthquake recovery, andthe electricity supply constraints attributable to the
nuclear accident.

Results by Segment
Regarding the results by business segment, operating
revenues from the logistics-related business were¥53,656 million, a decrease of 0.4% or ¥203 million
compared with the same period of the previous year.
Although the Group strove to expand business withexisting customers and cultivate new customers forroad haulage and 3PL services, export-related logistics
demand remained sluggish because of the impact of
the earthquake.

In the distribution industry, domestic freight volumes
are expected to decrease for the 12th consecutive year
in the fiscal year to March 2012, reflecting concerns
about the possibility of a sharp rise in fuel prices andthe sluggishness of the Japanese economy.

Operating revenues from the information processing
business amounted to ¥1,254 million, an increase of
1.2% or ¥15 million compared with the same periodof the previous year.

Moreover, consolidation of the logistics industry
through tie-ups and mergers & acquisitions is likely toaccelerate as companies seek to respond decisively tochanges in the business environment, such as
globalization of logistics reflecting the shift of
production sites overseas.

Operating revenues from the sales business, which
includes merchandising, consignment sales, and anon-life insurance agency, amounted to ¥3,189
million, an increase of 11.8% or ¥337 million
compared with the same period of the previous year.

In these circumstances, the Group is continuing
initiatives “to develop into a highly profitablecompany and raise our value within society,” anobjective of the Group’s 18th three-year medium-termbusiness plan completed at the end of March 2011.
We are also stepping up our efforts to reinforce the

Operating revenues from other businesses, which
include automobile repair and direct mail service,amounted to ¥467 million, up 27.4% or ¥100 million
compared with the same period of the previous year.

2

fundamentals of our business in the run-up to the next
three-year plan in accordance with the second phase of
the single-year plan for the year to March 2012.

high, logistics demand to fluctuate, and prospects forthe business environment to remain uncertain.
The Tonami Group will vigorously promote joint sales& marketing among Group companies andimplement productivity improvement measures andthorough cost-reduction measures through reform of
the earnings structure to improve profitability

The trend toward outsourcing of logistics functions isspurring demand for IT-based logistics solutions. By
expanding the 3PL service integrating logistics IT
systems and logistics services, we intend to enhance
our ability to respond flexibly to the changing businessenvironment while pursuing continuous improvementof logistics quality and costs in partnership with ourcustomers so as to provide the optimum logistics
services.

For the full year ending March 31, 2012, we forecast
operating revenues of ¥120,200 million, operating
income of ¥1,250 million, and net income of ¥550
million.

Reorganization of the Group’s core company, Tonami
Transportation, into region-based operations, in
October 2010 is in accordance with our regional
business strategy to reinforce the fundamentals of thebusiness. The objective of management integration of
three subsidiaries in April 2011 is to enhance theGroup’s comprehensive abilities by improving
operational efficiency.

We plan to pay annual dividends of ¥4.0 per share forthe fiscal year ending March 31, 2012, including aninterim dividend of ¥2.0 per share.
We request your continued support for our endeavors.

December 2011
Going forward, we will strive to strengthen
complementary functions among business operationsof the Group companies and to achieve stable earnings
from the logistics business while eyeing opportunities
for M&A and alliances. We will also deploy anintegrated logistics structure covering Japan andoverseas by leveraging our overseas subsidiaries in
Dalian and Thailand. Based on these initiatives, wewill endeavor to improve the Group’s financial
performance and increase enterprise value.

Katsusuke Watanuki
President and Representative Director

Although we estimate that the flooding in Thailand
will have a limited impact on the Group’s Thai
subsidiary, management expects fuel prices to remain3Unaudited Consolidated Balance Sheets

TONAMI HOLDINGS CO., LTD. AND CONSOLIDATED SUBSIDIARIES

Millions of yen
September 30,
March 31,
2011
2011

Thousands of
U.S. dollars(Note 1)
September 30,
2011

ASSETS
Current assets:
Cash and time deposits .........................................................................

¥9,028¥11,283$117,186

Marketable securities ............................................................................

—

17

—

19,14020,437

248,442

Trade receivables:
Notes and accounts .........................................................................
Less: allowance for doubtful accounts .............................................

(33)

(33)

(428)

Inventories (Note 2) .............................................................................

964

675

12,513

Deferred tax assets ................................................................................

493

598

6,399

Other current assets ..............................................................................

3,230

2,746

41,926

Total current assets .................................................................

32,82235,723426,038

Land ....................................................................................................

41,02240,919532,477

Property and equipment:
Buildings and structures .......................................................................

20,73019,804

269,081

Machinery and vehicles ........................................................................

2,298

2,067

29,829Construction in progress ......................................................................

—

990

—

Other ...................................................................................................

7,059

6,257

91,628

Total property and equipment ...............................................

71,10970,037923,015

Investments in securities .......................................................................

5,219

5,340

67,744

Deferred tax assets ................................................................................

887

862

11,513

Investments and other assets:

Goodwill ..............................................................................................

146

198

1,895

Other ...................................................................................................

5,336

5,252

69,263

Total investments and other assets ..........................................

11,588

11,652

150,415

Total assets .............................................................................

¥115,519¥117,412$1,499,468

The accompanying Notes are an integral part of these statements.

4

LIABILITIESCurrent liabilities:
Short-term bank loans ..........................................................................
Current portion of long-term debt .......................................................
Trade notes and accounts payable ........................................................
Income taxes payable ............................................................................
Other current liabilities ........................................................................
Total current liabilities ...........................................................
Long-term liabilities:
Long-term debt, less current portion ....................................................
Deferred tax liabilities from revaluation reserve for land .......................
Employees’ severance and retirement benefits .......................................
Retirement benefits for directors and corporate auditors ......................
Negative goodwill ................................................................................
Other long-term liabilities ....................................................................
Total long-term liabilities .......................................................
Total liabilities .......................................................................

Millions of yen
September 30,
March 31,
2011
2011

Thousands of
U.S. dollars(Note 1)
September 30,
2011¥13,565
1,247
10,202403
7,639
33,056¥13,590
1,354
10,960527
7,558
33,989$176,077
16,186
132,425
5,231
99,156
429,075

11,0485,420
14,410
182
268
6,273
37,601
70,657

11,6605,455
14,654
196
307
6,206
38,47872,467

143,406
70,353
187,0462,362
3,479
81,425
488,071917,146

NET ASSETS
Shareholders’ equity:
Common stock:
Authorised: 299,200,000 shares at September 30, 2011
299,200,000 shares at March 31, 2011
Issued: 97,610,118 shares at September 30, 2011
97,610,118 shares at March 31, 2011 .................................
Capital surplus .....................................................................................
Retained earnings .................................................................................
Treasury stock, at cost: 6,842,210 shares at September 30, 2011 and
6,837,767 shares at March 31, 2011 ................
Total shareholders’ equity .......................................................

14,183
11,682
14,76014,183
11,682
14,686

184,099
151,636
191,589(2,016)
38,609(2,015)38,536(26,168)
501,156

Accumulated other comprehensive income:Unrealized gain on securities ................................................................
Revaluation reserve for land .................................................................
Total accumulated other comprehensive income ....................

176
5,735
5,911

257
5,787
6,044

2,285
74,442
76,727

Minority interest:
Minority interest ..................................................................................
Total net assets .......................................................................
Total liabilities and net assets .................................................

342
44,862¥115,519

365
44,945¥117,412

4,439
582,322$1,499,468

5

Unaudited Consolidated Statements of Income andConsolidated Statements of Comprehensive Income (Loss)
TONAMI HOLDINGS CO., LTD. AND CONSOLIDATED SUBSIDIARIESFor the six months ended September 30, 2011 and 2010

2010

Thousands of
U.S. dollars(Note 1)
2011

¥58,566
58,566¥58,31758,317$760,202
760,20255,026
3,186
58,212354

54,7693,155
57,924393

714,252
41,355755,607
4,595

164
15
145
(255)
189
258
612

146
24
(46)
(251)
225
98
491

2,129
194
1,882
(3,310)
2,453
3,348
7,943

334
95
429
183
(21)
¥204
(21)
183

248
198
446
45
(3)
¥48
(3)
45

4,335
1,233
5,568
2,375
(273)
$2,648
(273)
2,375

(81)

(376)

(1,051)

0
(81)
102

—
(376)
(331)

1
(1,051)
1,325

123
(21)

(327)
(4)

1,596
(271)

Millions of yen
2011

Operating revenues:
Operating revenues ..............................................................................
Operating costs and selling, general and administrative expenses:
Operating cost ......................................................................................
Selling, general and administrative expenses .........................................
Operating income
Other income and expenses:
Interest and dividend income ...............................................................
Equity in earnings of affiliates ..............................................................
Income (loss) on sells of property and equipment, net ..........................
Interest expenses ...................................................................................
Other, net ...........................................................................................
Income before income taxes and minority interests ...............................
Income taxes:
Current ................................................................................................
Deferred ...............................................................................................
Income before minority interests ............................................................
Minority interests ....................................................................................
Net income ...............................................................................................
Minority income ......................................................................................
Net income before minority interests ......................................................
Other comprehensive loss
Valuation difference on other securities ................................................
Share of other comprehensive income of associates accounted
for using equity method ....................................................................
Total other comprehensive loss ............................................................
Total comprehensive income/loss ............................................................
Total comprehensive income/loss attributable to:
Owners of the parent ......................................................................
Minority interests ............................................................................
The accompanying Notes are an integral part of these statements.

6

Unaudited Consolidated Statements of Cash FlowsTONAMI HOLDINGS CO., LTD. AND CONSOLIDATED SUBSIDIARIESFor the six months ended September 30, 2011 and 2010

Cash flows from operating activities:
Income before income taxes and minority interests .............................................
Depreciation and amortization ...........................................................................
(Gain) loss on disposal/sales of property and equipment .....................................
Loss on sales of investments in securities .............................................................
Loss on devaluation of investments in securities ..................................................
Loss on devaluation of golf club memberships ....................................................
Amortization of goodwill ....................................................................................
Equity in earnings of affiliates .............................................................................
Increase (decrease) in allowance for doubtful accounts ........................................
Decrease in employees’ severance and retirement benefits ...................................
Decrease in retirement benefits for directors and corporate auditors .........................
Increase (decrease) in accrued bonuses to employees ...........................................
Interest and dividend income .............................................................................
Interest expenses .................................................................................................
Decrease (increase) in trade receivables ...............................................................
Increase in inventories ........................................................................................
(Decrease) increase in accounts payable ..............................................................
Decrease in accrued consumption taxes ..............................................................
Other, net ...........................................................................................................
Subtotal ........................................................................................................
Interest and dividends received ...........................................................................
Interest paid ........................................................................................................
Income taxes paid ...............................................................................................
Net cash provided by operating activities ...................................................
Cash flows from investing activities:
Purchase of time deposits ....................................................................................
Proceeds from redemption of time deposits ........................................................
Purchase of property and equipment ..................................................................
Proceeds from sales of property and equipment ..................................................
Purchase of investments in securities ...................................................................
Proceeds from sales of investments in securities ...................................................
Purchase of investments in subsidiaries ...............................................................
Investments in loans receivable ...........................................................................
Proceeds from collection of loans receivable ........................................................
Other, net ...........................................................................................................
Net cash used in investing activities ...........................................................

2010

Thousands of
U.S. dollars(Note 1)
2011

¥612
1,842
(145)
—
13
3
13
(15)
21
(244)
(14)
24
(164)
255
1,297
(289)
(758)
(180)
(47)
2,224
164
(282)
(461)
1,645

¥491
1,673
46
25
30
2
14
(24)
(2)
(199)
(6)
(13)
(146)
251
(101)
(328)
286
(140)
(25)
1,834
146
(289)
(333)
1,358

$7,944
23,910(1,882)
—
169
39
169
(195)
273
(3,167)(182)
312(2,129)3,310
16,835(3,751)(9,839)(2,336)(610)
28,8702,129(3,660)(5,984)
21,355(22)
22(2,080)
43
(13)
1
—
(152)
42
1
(2,158)(24)
32(1,677)
39
(28)
77
(23)
(30)
3
7
(1,624)(286)
286(26,999)
558
(169)
13
—
(1,973)545
13(28,012)

(25)
—
(720)

(325)
—
(9,346)(2,362)(39)(9,112)(21,197)(27,854)
144,600$116,746

Millions of yen
2011

Cash flows from financing activities:
Net (decrease) increase in short-term loans .........................................................
Proceeds from long-term debt .............................................................................
Repayment of long-term debt .............................................................................
Purchase of treasury stock ...................................................................................
Dividends paid ...................................................................................................
Dividends paid to minority interests ...................................................................
Other, net ...........................................................................................................
Net cash used in financing activities ...........................................................

(182)
(3)
(702)
(1,633)157
309(1,021)
(1)
(182)
(3)
(538)
(1,279)Net decrease in cash and cash equivalents .............................................................
Cash and cash equivalents at beginning of period .................................................
Cash and cash equivalents at end of period (Note 3) ...........................................

(2,146)
11,140¥8,994(1,545)
10,360¥8,815

The accompanying Notes are an integral part of these statements.

7

(1)

(13)

Notes to the Unaudited Consolidated Financial Statements
TONAMI HOLDINGS CO., LTD. AND CONSOLIDATED SUBSIDIARIES

1.

Basis of presenting financial statements

The accompanying unaudited consolidated financial statements have been prepared based on the accounts maintained by Tonami Holdings Co.,
Ltd. (the "Company") and consolidated subsidiaries in accordance with accounting principles generally accepted in Japan, which differ in certain
respects as to the application and disclosure requirements of International Financial Reporting Standards.
In preparing these unaudited consolidated financial statements, certain reclassifications and rearrangements have been made to the Company's
consolidated financial statements issued domestically in order to present them in a format which is more familiar to readers outside Japan.
U.S. dollar amounts presented in the unaudited financial statements are included solely for convenience and should not be construed as
representations that Japanese yen amounts have been or could in the future be converted into U.S. dollars. The rate of ¥77.04 = U.S.$1, prevailingon September 30, 2011, has been used for the translation into U.S. dollar amounts in the unaudited financial statements.
Additional Information(Application of the "Accounting Standard for Accounting Changes and Error Corrections")
Effective from the first quarter of the fiscal year ending March 31, 2012, the Company adopted ASBJ Statement No. 24 "Accounting Standard for
Accounting Changes and Error Corrections" issued by the ASBJ in December 2009.

2.

Inventories		

3.

Cash flow statements

Inventories as at September 30, 2011 consisted of merchandise of ¥394 million ($5,114 thousand), raw materials and supplies of ¥294 million($3,816 thousand), and work in process of 276 million ($3,583 thousand).

Reconciliation of cash and time deposits shown in the unaudited consolidated balance sheets and cash and cash equivalents shown in theunaudited consolidated statements of cash flows as at September 30, 2011 and 2010, is as follows:—

Cash and time deposits ....................................................................................................
Time deposits with maturities exceeding three months ....................................................
Cash and cash equivalents ...............................................................................................

4.

Millions of yen
Six months
Six months
ended
ended
September 30,
September 30,
2011
2010
¥9,028¥8,960(34)(145)¥8,994¥8,815

Thousands of
U.S. dollars
Six months
ended
September 30,
2011$117,186(440)$116,746

Amounts per share
Net income per share
Yen

Net income per share:
Basic .........................................................................................................................
Diluted .....................................................................................................................
Cash dividends ................................................................................................................

Six months
ended
September 30,
2011

Six months
ended
September 30,
2010

U.S. dollars
Six months
ended
September 30,
2011

¥2.25
—
2.00

¥0.54
—
2.00

$0.0292—
0.0260Basis for the calculation of basic and diluted net income per share for the six months ended September 30, 2011 and 2010, was as follows:—

Net income available to shareholders of common stock:
Net income ...............................................................................................................
Net income not available to shareholders of common stock ......................................
Net income available to shareholders of common stock .............................................
Weighted-average number of shares of common stock outstanding (shares) ....................

Millions of yen
Six months
Six months
ended
ended
September 30,
September 30,
2011
2010
¥204
—
204
90,771,063

¥48
—
48
90,784,472

Thousands of
U.S. dollars
Six months
ended
September 30,
2011$2,648—2,648

Diluted net income per share for the six months ended September 30, 2011 and 2010, is not presented since there were no outstanding
potentially dilutive securities for the period.

85.

Subsequent event

At a meeting held on November 10, 2011, the board of directors of the Company resolved the following interim cash dividends:—
Dividends (¥2.00 per share) ............................................................................................

6.

Thousands of
U.S. dollars$2,349Millions of yen¥181

Segment information

Information on operating revenues and income/loss by reportable segment(a) For the six months ended September 30, 2010
Millions of yen

Operating revenues:
Revenues from outside customers .........................................
Intersegment revenues or transfers ........................................
Total ...............................................................................
Segment income ..........................................................................

Logistics

Reportable segment
Information
processing
Sales¥53,860
4
53,864¥36¥1,239
99
1,338
¥153

¥2,852
2,639
5,491
¥95

Subtotal¥57,951
2,742
60,693¥284

Others
*1
¥367
409
776
¥65

Total
¥58,3173,152
61,469¥349

Adjustment Consolidated
*2
*3
¥ —
(3,152)(3,152)¥44¥58,317—58,317¥393(b) For the six months ended September 30, 2011
Millions of yen

Operating revenues:
Revenues from outside customers .........................................
Intersegment revenues or transfers ........................................
Total ...............................................................................
Segment income ..........................................................................

Logistics

Reportable segment
Information
processing
Sales¥53,656
13
53,669¥102¥1,254
129
1,383
¥14

¥3,189
2,788
5,977
¥147

Subtotal¥58,099
2,930
61,029¥263

Others
*1
¥467
345
812
¥58

Total
¥58,566
3,275
61,841¥321

Adjustment Consolidated
*2
*3
¥ —
(3,275)(3,275)¥33¥58,566—
58,566¥354

Thousands of U.S. dollars

Operating revenues:
Revenues from outside customers .........................................
Intersegment revenues or transfers ........................................
Total ...............................................................................
Segment income ..........................................................................

Logistics

Reportable segment
Information
processing
Sales

Subtotal

Others*1

Total$696,469
169
696,638$1,324$16,277
1,674
17,951$181$754,140
38,032
792,172$3,413$6,062
4,478$10,540$753$760,202
42,510802,712$4,166

Notes:$41,394
36,18977,583$1,908

Adjustment Consolidated
*2
*3
$ —
(42,510)(42,510)$429$760,202—
760,202$4,595

1. "Others" corresponds to operating segments that are not included in the reported operating segments and includes automobile repair and direct
mail service.
2. Adjustments are as follows:
Adjustments of segment income
For the six months ended September 30, 2011 and 2010, adjustments of segment income amounted to ¥33 million ($429 thousand) and¥44 million, respectively. Adjustments include intersegment eliminations and corporate expenses not allocated to any reportable segments.
For the six months ended September 30, 2011 and 2010, the above-mentioned intersegment eliminations amounted to ¥359 million($4,658 thousand) and ¥385 million, respectively, and corporate expenses not allocated to any reportable segments amounted to (¥326)
million ($4,229 thousand) and (¥341) million, respectively. Corporate expenses are mainly expenses of the Company's operations that do
not belong to any reportable segments.
3. Segment income is adjusted to operating income in the quarterly consolidated statement of operations.

9Consolidated Subsidiaries

Logistics
Company NameBusiness Line

Tonami Transportation Co., Ltd.

Road haulage

Tonami Transportation Shinetsu Co., Ltd.

Road haulage

Tonami Transportation Chugoku Co., Ltd.

Road haulage

Kanto Tonami Transportation Co., Ltd.

Road haulage

Gosei Tonami Transportation Co., Ltd.

Road haulage

Tonami Shutoken Logistics Co., Ltd.

Road haulage

Osaka Tonami Transportation Co., Ltd.

Road haulage

Zento Transportation Co., Ltd.

Road haulage

Ishikawa Tonami Transportation Co., Ltd.

Road haulage

Ibaraki Tonami Transportation Co., Ltd.

Road haulage

Kansai Tonami Transportation Co., Ltd.

Road haulage

Chukyo Tonami Transportation Co., Ltd.

Road haulage

Fukui Tonami Transportation Co., Ltd.

Road haulage

Niigata Tonami Transportation Co., Ltd.

Road haulage

Takefu Transportation Co., Ltd.

Road haulage

Anan Transportation Co., Ltd.

Road haulage

Nationwide Shirobo JSE Courier Co., Ltd.

Road haulage

Tonami Global Logistics Co., Ltd.

Harbor transport service

Keishin Warehouse Co., Ltd.

Warehousing

Daiichi Warehouse Co., Ltd.

Warehousing

Non-logistics
Company NameBusiness Line

Tonami Trading Co., Ltd.

Trading Company

Toyo Gomu Hokuriku Hanbai Co., Ltd.

Sale of tires

Keishin System Research Co., Ltd.

Development and sale of software

Tonami Staff Support Co., Ltd.

Detached service

Tonami Business Service Co., Ltd.

Financial service

Toyo Tire Toyama shop Co., Ltd.

Sale of tires

Tonami Automobile Technology Research Institute Co., Ltd.

Automobile technology R&D

10Board of Directors and Corporate
Auditors

Corporate Data

President and Representative Director

Head Office

Katsusuke Watanuki

2-12, Showa-machi 3-chome, Takaoka,
Toyama Prefecture 933-8788, Japan
Phone: (0766) 32-1073
Fax: (0766) 32-1077

Managing Director
Yasuo Terabayashi

Tokyo Headquarters

Directors

8-4, Nihonbashi horidomecho 2-chome, Chuo-ku,
Tokyo 103-0012, Japan
Phone: (03) 3664-5403
Fax: (03) 3664-5405

Yoshihiro Minami
Shigeki Sakamoto
Shigeyuki Okada
Yoshimi Nagahara
Kazuo Takata
Mitsuharu Wadachi

Date of Establishment
June 1943

Common StockStanding Corporate Auditors¥14,183 million

Mitsuo Matsuda
Masafumi Takebe

Issued and Outstanding Shares
97,610,118 shares

Corporate Auditors(As of September 30, 2011)

Shinichiro Inushima
Toshio Yaeda
Toshio Kaido(As of September 30, 2011)11

TONAMI HOLDINGS CO., LTD.
URL:http://www.tonamiholdings.co.jp/