2015

Semiannual Report
For the six-month period ended September 30, 2014

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
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 Message from the President
I welcome this opportunity to report to ourIn these circumstances, the Tonami Holdings Group isshareholders on the operating environment andpushing forward with the growth strategy in the final

business results for the six-month period ended

year of the Three-year Medium-term Business Plan

September 30, 2014.

and doing its utmost to achieve the financial
performance targets for the plan’s final year. In truck

Initiatives in and Performance for the First six-transport and freight forwarding, we strove to securemonth period

stable revenues by expanding businesses with new

During the first six-month period, the Japanesecustomers while deepening relationships with existing

economy showed a modest recovery thanks to theones and endeavoring to maintain freight charges at agovernment’s economic measures. However, domestic

reasonable level. At the same time, we strove to expand

freight volumes appeared to be sluggish due to factors

related businesses, including third-party logistics (3PL).

including the aftermath of the last-minute demand
before the consumption tax increase andunsettled weather.

Unaudited Consolidated Financial Highlights
TONAMI HOLDINGS CO., LTD. AND CONSOLIDATED SUBSIDIARIESSix months
ended
September 30,
2014

Six months
ended
September 30,
2013

Thousands of
U.S. dollars(Note 1)
Six months
ended
September 30,
2014¥59,710
55,290
1,441
2,646
331
1,891
1,422
1,761

¥58,427
53,937
1,376
2,759
353
1,282
790
945

$545,547
505,170
13,171
24,175
3,031
17,281
13,001
16,097¥15.68—2.50¥8.71—2.00$0.1433—
0.0228September 30,
2014

March 31,2014

September 30,
2014¥118,459
51,439¥117,149
49,292$1,082,314
469,983

Millions of yen

For the period:
Operating revenues .........................................................................
Logistics ......................................................................................
Information processing ...............................................................
Sales ...........................................................................................
Others ........................................................................................
Operating income ...........................................................................
Net income ....................................................................................
Total comprehensive income ...........................................................
Per share (yen and U.S. dollars) (Note 2)
Net income, basic ...........................................................................
Net income, diluted (Note 3)...........................................................
Cash dividends ...............................................................................
At period-end:
Total assets ......................................................................................
Total net assets ................................................................................
Notes:

1. These financial statements are in principle presented in Japanese yen, and U.S. dollar amounts presented herein are included solely for convenience. The rate of ¥109.45 =U.S.$1, prevailing on September 30, 2014, has been used for the translation into U.S. dollar amounts. Such translation should not be construed as representations that theJapanese yen amount can be or have been converted into U.S. dollars at that rate.
2. The computation of net income per share of common stock is based on the weighted average number of shares outstanding (which represents the number of issued sharesless treasury stock.) during each period.
3. Diluted net income per share is not presented for the six months ended September 30, 2014 and 2013, since there were no residual securities.

1

As a result, operating revenues were virtually the same

We will continue making a concerted effort to raiseas the forecast and both operating income and net

business performance so as to meet the expectations ofincome exceeded the forecast.

our shareholders. In all our endeavors, we will be
grateful for your continued support.

Full-Year Outlook
The Japanese economy is expected to recover, albeit at

December 2014a modest pace, in line with recovery in capital
investment against the backdrop of higher corporate
earnings and an upturn in the labor market. On the

Katsusuke Watanuki
President and Representative Director

other hand, there are concerns about the prolongationof the decline in demand following the last-minutedemand and the impact of a possible downturn ofoverseas economies.
The business environment for the distribution
industry is expected to remain challenging in view ofnegative factors including the worsening labor
shortage and the persistence of high fuel prices.
The Group is striving to achieve further progress inthe structural reform of the business, a key theme ofthe plan, in the final year of the Three-year Mediumterm Business Plan. We will also conduct an overview
of the progress of our initiatives with regard to M&A
and capital and business alliances in readiness forformulation of a growth strategy for the next Mediumterm Business Plan.
Interim Dividend
We have paid an interim dividend of ¥2.50 per share.

2

Overview of Operations

Results by Segment

Market Conditions

Logistics

The Group’s mainstay truck transport and freight

The Group strengthened proposal-driven marketing inforwarding operations were somewhat affected by thetruck transport, freight forwarding, and 3PL services

aftermath of the last-minute demand before theto meet customers’ needs for rationalization of logistics

consumption tax increase at the beginning of the fiscal

and for procurement logistics and promoted revision

year. However, transportation needs are on a gradualof contracts concerning freight charges and fees. As arecovery track.

result, the logistics segment recorded operating
revenues amounting to ¥55,290 million, an increase of

Meanwhile, amid concerns about cost increases due to

2.5% compared with the same period of the previous

high fuel prices and rising subcontractor fees in line

year. Segment income was ¥1,567 million, an increase

with the shortage of truck drivers, the Groupof 59.5%, because the factors pushing costs higher,

promoted initiatives to maintain freight charges andsuch as the increased burden of fuel costs and increases

fees at a reasonable level while making efforts toin subcontractor fees, were absorbed by the progress of

reduce costs by streamlining internal operations andthe structural reform of the business and theraising productivity.

improvement of the level of freight charges and fees.

Results of Operations

Information Processing BusinessAs a result, the Group’s operating revenues amounted

Operating revenues from the information processing

to ¥59,710 million, an increase of 2.2% comparedbusiness increased 4.8% to ¥1,441 million, partly duewith the same period of the previous year.

to deepened relationships with existing customers.
Segment income was ¥103 million, an increase of
12.3%.

With regard to profits, the Group worked to absorb
cost increases due to high fuel prices and rising raw
materials costs by reinforcing profitability through theSales Businesses

progress of the structural reform of the business in

Operating revenues from the sales business, whichaccordance with the Three-year Medium-term

includes merchandising, consignment sales, and a

Business Plan and revisions to freight charges and unit

non-life insurance agency, amounted to ¥2,646

rates. As a result, operating income increased 47.5%

million, a decrease of 4.1%. Segment income wasto ¥1,891 million.

¥118 million, a decrease of 18.2%.

Net income increased 80.1% to ¥1,422 million.

Others Businesses
Operating revenues from other businesses, which
include automobile repair and direct mail service,amounted to ¥331 million, a decrease of 6.3%.
Segment income increased 30.8% to ¥60 million.

3

Unaudited Consolidated Balance Sheets

TONAMI HOLDINGS CO., LTD. AND CONSOLIDATED SUBSIDIARIES
September 30, 2014 and March 31, 2014

Millions of yen
September 30,
March 31,
2014
2014

Thousands of
U.S. dollars(Note 1)
September 30,
2014¥10,006¥9,297$91,427

Notes and accounts .........................................................................

19,93021,313

182,094

Less: allowance for doubtful accounts .............................................

(67)

(75)

(620)

ASSETS
Current assets:
Cash and time deposits (Note 3)...........................................................
Trade receivables:

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

873

613

7,976

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

531

567

4,856

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

2,520

2,487

23,032

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

33,79434,204

308,766

Property and equipment:
Land ....................................................................................................

40,766

40,686372,470

Buildings and structures .......................................................................

20,636

21,061

188,549

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

2,244

2,134

20,504

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

8,403

6,955

76,777

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

72,05070,837658,300

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

7,382

6,911

67,447

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

12

14

117

Investments and other assets:

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

5,218

5,182

47,683

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

12,613

12,108115,248

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

¥118,459¥117,149$1,082,314

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 liability .............................................................................
Deferred tax liabilities from revaluation reserve for land .......................
Net defined benefit liability ..................................................................
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,
2014
2014

Thousands of
U.S. dollars(Note 1)
September 30,
2014¥11,900
1,386
11,059667
8,788
33,802¥12,940
3,568
11,773870
8,327
37,480$108,725
12,666
101,049
6,103
80,299308,842

11,319
1,147
4,534
7,783
116
38
8,275
33,21667,019

8,111
631
4,534
9,030
113
76
7,877
30,37667,857

103,426
10,48641,434
71,1171,066
350
75,610303,489
612,331

NET ASSETS
Shareholders’ equity:
Common stock:
Authorised: 299,200,000 shares at September 30, 2014
299,200,000 shares at March 31, 2014
Issued: 97,610,118 shares at September 30, 2014
97,610,118 shares at March 31, 2014 .................................
Capital surplus .....................................................................................
Retained earnings .................................................................................
Treasury stock, at cost: 6,879,967 shares at September 30, 2013 and6,872,859 shares at March 31, 2014 ................
Total shareholders’ equity .......................................................

14,182
11,682
20,471

14,182
11,682
18,724

129,581
106,735
187,040(2,023)44,313(2,021)
42,567(18,485)
404,872

Accumulated other comprehensive income:Unrealized gain on securities ................................................................
Revaluation reserve for land .................................................................
Remeasurements of defined benefit plans .............................................
Total accumulated other comprehensive income ....................

1,315
6,035
(406)
6,945

1,040
6,035
(461)
6,614

12,02355,145(3,713)63,455

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

181
51,439¥118,459

110
49,292¥117,149

1,657
469,983$1,082,314

5Unaudited Consolidated Statements of Income andConsolidated Statements of Comprehensive Income
TONAMI HOLDINGS CO., LTD. AND CONSOLIDATED SUBSIDIARIESFor the six months ended September 30, 2014 and 2013

2013

Thousands of
U.S. dollars(Note 1)
2014

¥59,71059,710¥58,427
58,427$545,547
545,547

54,9402,878
57,818
1,891

53,9493,195
57,145
1,282

501,967
26,298528,265
17,281

174
37
21
(145)
188
275
2,166

157
33
36
(207)
108
127
1,409

1,593
341
194
(1,331)
1,718
2,514
19,796

627
107
735
1,431
8
¥1,422
8
1,431

437
176
614
794
4
¥790
4
794

5,736
983
6,718
13,07777$13,001
77
13,077

274
55

150
—

2,509
503

0
330
1,761

0
151
945

3,020
16,097

1,753
8

941
4

16,01879

Millions of yen
2014

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 ..............................................................
Gain on disposal/sales 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 interests ....................................................................................
Net income before minority interests ......................................................
Other comprehensive income
Valuation difference on other securities ................................................
Remeasurements of defined benefit plans .............................................
Share of other comprehensive income of associates accounted
for using equity method ....................................................................
Total other comprehensive income ......................................................
Total comprehensive income ...................................................................
Total comprehensive income attributable to:
Owners of the parent ......................................................................
Minority interests ............................................................................
The accompanying Notes are an integral part of these statements.

68

Unaudited Consolidated Statements of Cash FlowsTONAMI HOLDINGS CO., LTD. AND CONSOLIDATED SUBSIDIARIESFor the six months ended September 30, 2014 and 2013

Cash flows from operating activities:
Income before income taxes and minority interests .............................................
Depreciation and amortization ...........................................................................
Gain on disposal/sales of property and equipment, net........................................
Gain on sales of investments in securities ............................................................
Loss on devaluation of golf club memberships ....................................................
Amortization of goodwill ....................................................................................
Gain on negative goodwill ..................................................................................
Equity in earnings of affiliates .............................................................................
Increase (decrease) in allowance for doubtful accounts ........................................
Decrease in net defined benefit liability .................................................................
Decrease in employees’ severance and retirement benefits ...................................
Decrease in retirement benefits for directors and corporate auditors ...................
Increase in accrued bonuses to employees ...........................................................
Interest and dividend income .............................................................................
Interest expenses .................................................................................................
Decrease in trade receivables ...............................................................................
Increase in inventories ........................................................................................
Decrease in accounts payable ..............................................................................
Increase (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 ...................................................................
Purchase of shares of subsidiaries resulting in change inscope of consolidation .....................................................................................
Investments in loans receivable ............................................................................
Proceeds from collection of loans receivable ........................................................
Other, net ...........................................................................................................
Net cash used in investing activities ...........................................................
Cash flows from financing activities:
Net increase (decrease) in short-term loans payable ............................................
Proceeds from long-term debt .............................................................................
Repayment of long-term debt .............................................................................
Redemption of bonds .........................................................................................
Repayments of lease obligations ..........................................................................
Purchase of treasury stock ...................................................................................
Dividends paid ...................................................................................................
Dividends paid to minority interests ...................................................................
Net cash used in financing activities ...........................................................
Net increase (decrease) in cash and cash equivalents .............................................
Cash and cash equivalents at beginning of period .................................................
Cash and cash equivalents at end of period (Note 3) ............................................
The accompanying Notes are an integral part of these statements.

7

2013

Thousands of
U.S. dollars(Note 1)2014¥ 2,166
2,084
(21)
0
1
(36)
(37)
(37)
(62)
(305)
—
(7)
69
(174)
145
1,517
(256)
(1,078)
474
(258)
4,185
173
(143)
(832)
3,382

¥ 1,409
2,149
(35)
1
18
(29)
—
(33)
112
—
(298)
(16)
27
(157)
207
1,314
(357)
(1,281)
(83)
313
3,260
157
(250)
(652)
2,513

$19,796
19,043
(194)
7
16
(333)
(339)
(341)
(575)
(2,790)—(68)
635(1,593)
1,331
13,861(2,340)(9,856)
4,339(2,359)38,242
1,585(1,311)(7,607)30,909(37)
35(1,351)
76
(24)

(22)
28
(1,516)
141
(41)

(344)
322
(12,350)
701
(227)

(141)
(264)
210
0
(1,496)

6
(208)
147
52
(1,412)(1,291)(2,416)
1,927
1(13,676)(1,040)4,070(3,044)—(945)(9,502)
37,186(27,816)—(8,639)(226)(5)(1,193)

3,875
2,000
(2,579)(3,000)(1,261)
(0)
(272)
(3)
(1,242)692
9,238¥ 9,931

(141)
9,645
¥ 9,504

6,328
84,413$90,740

Millions of yen
2014

(1)

(15)

(2,073)(46)(10,905)

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

1.

Basis of presenting financial statements

2.

Inventories

3.

Cash flow 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 theCompany’s consolidated financial statements issued domestically in order to present them in a format which is more familiar to readers outside
Japan.
The consolidated financial statements are stated in Japanese yen, the currency of the country in which the Company is incorporated andoperates. The translations of Japanese yen amounts into U.S. dollar amounts are included solely for the convenience of readers outside Japan andhave been made at the rate of ¥109.45 to U.S.$1, the approximate rate of exchange at September 30, 2014. Such translations should not be
construed as representations that the Japanese yen amounts could be converted into U.S. dollars at that or any other rate.

Inventories as at September 30, 2014 consisted of merchandise of ¥490 million ($4,486 thousand), raw materials and supplies of ¥231 million($2,117 thousand), and work in process of ¥150 million ($1,373 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, 2014 and 2013 is as follows:—

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

4.

Millions of yen
September 30,
September 30,
2014
2013
¥10,006¥9,554(75)(50)¥9,504¥9,931

Thousands of
U.S. dollars
September 30,
2014$91,427(687)$90,740

Per share data
Net income per share
Yen

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

Six months
ended
September 30,
2014

Six months
ended
September 30,
2013

U.S. dollars
Six months
ended
September 30,
2014¥15.68
—
2.50

¥8.71
—
2.00

$0.1433—
0.0228Basis for the calculation of basic and diluted net income per share for the six months ended September 30, 2014 and 2013 was as follows:—

Net income per share:
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,
2013
2014

Thousands of
U.S. dollars
Six months
ended
September 30,
2014

¥790
—
790
90,752,009$13,001—
13,001—¥1,422—
1,422
90,735,366

Diluted net income per share for the six months ended September 30, 2014 and 2013 is not presented since there were no outstanding
potentially dilutive securities for the period.

85.

Subsequent events

At a meeting held on November 7, 2014, the board of directors of the Company resolved the following interim cash dividends:—
Cash dividends (¥2.50 per share) ....................................................................................

6.

Thousands of
U.S. dollars$2,073

Millions of yen¥226

Segment information

Information on operating revenues and income by reportable segment(a) For the six months ended September 30, 2013
Millions of yen

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

Logistics

Reportable segment
Information
processing
Sales¥53,937
11
53,948¥982¥1,376
148
1,524
¥92

¥2,759
2,451
5,211
¥144

Subtotal¥58,073
2,610
60,683¥1,218

Others
*1
¥ 353
387
741
¥46

Total
¥58,427
2,998
61,425¥1,265

Adjustment Consolidated
*2
*3
¥ —
(2,998)(2,998)¥16¥58,427—
58,427¥1,282(b) For the six months ended September 30, 2014
Millions of yen

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

Logistics

Reportable segment
Information
processing
Sales¥55,29010
55,301¥1,567¥1,441
143
1,585
¥103

¥2,646
2,383
5,029
¥118

Subtotal¥59,378
2,537
61,916¥1,788

Others
*1
¥ 331
184
516
¥60

Total
¥59,7102,721
62,432¥1,849

Adjustment Consolidated
*2
*3
¥ —
(2,721)(2,721)¥42¥59,710—59,710¥1,891

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$505,170
94
505,264$14,317$13,171
1,312
14,482$945$542,516
23,186565,702$16,341$3,031
1,684
4,715
$555

$545,547
24,870570,416$16,896$24,175
21,78045,956$1,078

Adjustment Consolidated
*2
*3
$ —
(24,870)(24,870)$386$545,547—
545,547$17,281*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, 2014 and 2013, adjustments of segment income amounted to ¥42 million ($386 thousand) and¥16 million, respectively. Adjustments include intersegment eliminations and corporate expenses not allocated to any reportable segments.
For the six months ended September 30, 2014 and 2013, the above-mentioned intersegment eliminations amounted to ¥391 million($3,576 thousand) and ¥358 million, respectively, and corporate expenses not allocated to any reportable segments amounted to ¥(349)
million ($(3,190) 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 unaudited consolidated statements of income.

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

Tonami Kinki Logistics Co., Ltd.

Road haulage

Zento Transportation Co., Ltd.

Road haulage

Ishikawa Tonami Transportation Co., Ltd.

Road haulage

Ibaraki 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

Ryosei Logistics 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

Client Focus Co., Ltd.

Development and sales of software

Tonami Business Service Co., Ltd.

Financial service

Tonami Staff Support Co., Ltd.

Temporary Staffing

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: +81-766-32-1073
Fax: +81-766-32-1077

Managing Director
Yasuo Terabayashi

Tokyo Headquarters

Directors

8-4, Nihonbashihoridome-cho 2-chome, Chuo-ku,
Tokyo 103-0012, Japan
Phone: +81-3-3664-5403
Fax: +81-3-3664-5405

Shigeki Sakamoto
Shigeyuki Okada
Yoshimi Nagahara
Kazuo Takata
Shinichi Izumi
Mitsuharu Wadachi

Date of Establishment
June 1943

Common StockStanding Corporate Auditors¥14,182 million

Mitsuo Matsuda
Masafumi Takebe

Issued and Outstanding Shares
97,610,118 shares

Corporate Auditors(As of September 30, 2014)

Shinichiro Inushima
Yohji Ishiguro
Toshio Kaido(As of September 30, 2014)11

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