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Transcription:

FACT BOOK 22/3

Summary of Financial Data Consolidated 19983 19993 23 213 Net Sales 596,127 563,222 568,293 559,372 49,583 Gross Profit 52,844 53,214 55,287 55,14 46,976 Operating Income 8,28 7,791 8,147 7,752 1,673 Ordinary Income 8,588 8,51 9,885 1,282 4,739 Net Income or Loss 4,95 3,56 6,371 4,945 2,97 Total Assets 3,781 298,524 316,657 353,776 3,73 Net Assets 122,53 125,929 134,838 153,498 144,176 Book Value per Share 89.17 862.6 952.67 1,14.81 1,82.16 Earnings per Share 32.39 23.76 44.25 35.28 15.39 Non-Consolidated 19983 19993 23 213 Net Sales 538,756 49,672 489,639 481,294 47,95 Gross Profit 39,23 35,815 34,496 3,83 26,79 Operating Income or Loss 7,349 5,392 4,359 2,28 95 Ordinary Income 7,578 6,753 6,2 5,697 2,761 Net Income or Loss 4,36 3,464 4,127 3,4 2,361 Total Assets 252,1 241,229 25,99 284,772 244,916 Net Assets 12,193 12,31 15,963 121,97 111,35 Number of Shares OutstandingThousands of Shares 151,428 146,79 141,537 138,937 133,23 Book Value per Share 674.87 698.47 748.66 877.88 835.77 Earnings per Share 28.8 23.11 28.65 21.42 17.33 1

Net Sales 6, 5, 4, Non-Consolidated 3, 2, 1, Consolidated 19983 19993 23 213 Gross Profit 6, Operating Income or Loss 1, 5, 8, 4, 6, 3, 4, 2, 2, 1, 19983 19993 23 213 2, 19983 19993 23 213 Ordinary Income 12, Net Income or Loss 8, 1, 6, 8, 4, 6, 2, 4, 2, 2, 19983 19993 23 213 4, 19983 19993 23 213 Total Assets 4, Net Assets 16, 35, 14, 3, 12, 25, 1, 2, 8, 15, 6, 1, 4, 5, 2, 19983 19993 23 213 19983 19993 23 213 2

Consolidated Sales & Gross Profit by Business Group Sales & Gross Profit Composition by Business Group Sales Gross Profit 2.7 Health Care & Others 7.8 Health Care & Others 17.1 Electronics 44.5 Chemicals 27.8 Electronics 37.7 Chemicals 35.7 Plastics Chemicals 3, 24, 26.7 Plastics Plastics 25, Sales Gross Profit 2, 25, 2, 2, 16, 2, 16, 15, 12, 15, 12, 1, 8, 1, 8, 5, 4, 5, 4, 19983 19993 23 213 19983 19993 23 213 Electronics 12, 18, Health Care & Others 2, 6, 1, 8, 15, 12, 15, 4,5 6, 9, 1, 3, 4, 2, 6, 3, 5, 1,5 19983 19993 23 213 19983 19993 23 213 19983 19993 23 213 Chemicals Sales Gross Profit 258,293 43.3 2,326 244,67 19,142 249,977 21,864 237,871 19,866 218,524 17,688 Plastics Sales Gross Profit 24,718 34.3 16,379 199,188 35.4 17,61 192,71 33.9 16,437 25,46 36.7 17,167 175,252 35.7 12,548 Electronics Sales Gross Profit 115,555 19.4 1,82 14,454 18.5 11,778 19,77 19.3 12,11 13,382 18.5 14,852 83,66 17.1 13,74 Health Care & Others Sales Gross Profit 17,56 5,336 3. 15,51 4,682 2.8 15,835 4,883 2.8 12,658 3,253 2.3 13,146 3,665 2.7 Total Sales Gross Profit 596,1271. 52,844 563,2221. 53,214 568,2931. 55,287 559,3721. 55,14 49,5831. 46,976 3

Consolidated Sales by Area 6, 5, 4, 3, 2, 1, 19983 19993 23 213 Japan Asia North America Others 19983 19993 23 213 Japan 441,114 74. 45,579 44,155 392,555 341,12 Asia 126,334 21.2 123,534 21.9 133,47 23.4 145,374 26. 128,657 26.2 North America 25,483 4.5 21,296 3.8 12,35 2.2 11,171 2.3 Others 28,679 4.8 8,625 1.6 9,794 1.7 9,137 1.6 9,652 2. Total 596,1271. 563,2221. 568,2931. 559,3721. 49,5831. Sales by Type of Transaction 6, 5, 4, 3, 2, 1, 19983 19993 23 213 Domestic Import Export Intermediary 19983 19993 23 213 Domestic 413,285 69.3 379,279 67.3 375,895 66.1 368,49 65.9 318,251 64.9 Import 27,828 4.7 26,299 4.7 28,26 5. 24,145 4.3 22,851 4.7 Export 46,796 7.8 32,395 5.8 36,478 6.4 26,299 4.7 19,382 3.9 Intermediary 18,217 18.2 125,247 22.2 127,659 22.5 14,518 25.1 13,99 26.5 Total 596,1271. 563,2221. 568,2931. 559,3721. 49,5831. 4

Consolidated Profitability Ratio of Gross Profit to Sales 1. Ratio of Operating Income to Sales 2. Ratio of Ordinary Income to Sales 2. 8. 6. 4. 1. 1. 2..5.5. 19983 19993 23 213.. 19983 19993 23 213 19983 19993 23 213 19983 19993 23 213 Ratio of Gross Profit to Sales 8.9 9.4 9.7 9.9 9.6 Ratio of Operating Income to Sales 1.4 1.4 1.4 1.4.3 Ratio of Ordinary Income to Sales 1.4 1.7 1.8 1. Return on EquityROE 5. Return on AssetsROA 3. 4. 3. 2. 2. 1. 1.. 1.. 2. 19983 19993 23 213 1. 19983 19993 23 213 19983 19993 23 213 Return on EquityROE 4.1 2.9 4.9 3.4 1.4 Return on AssetsROA 1.6 1.2 2.1.6 Note:Values for net assets and total assets are avarege values at the beginning and end of the term. Efficiency Total Assets Turnover 2. Trade Receivable & Payable Turnover Period 15 Inventory Turnover Period 25 1..5. 19983 19993 23 1 5 Trade Receivable Trade Payable 213 19983 19993 23 213 19983 19993 23 213 2 15 1 5 19983 19993 23 213 Total Assets TurnoverTimes 1.9 1.9 1.8 1.7 Trade Receivable Turnover PeriodDays 114.5 116.2 112.9 118.7 124.9 Trade Payable Turnover PeriodDays 81. 8.1 77.6 84.1 89.3 Inventory Turnover PeriodDays 12.8 15.6 17.1 2.2 22.2 Note:Values for total assets, trade receivable, trade payable and inventory are avarege values at the beginning and end of the term. 5

Consolidated Safety Ratio of Shareholders' Equity 5 Current Ratio 2 Interest Coverage Ratio 2 4 15 15 3 2 1 1 1 5 5 19983 19993 23 213 19983 19993 23 213 19983 19993 23 213 19983 19993 23 213 Ratio of Shareholders' Equity 4.7 42.2 42.6 43.4 48. Current Ratio 139.5 139.7 147.9 146.5 158.6 Interest Coverage RatioTimes 13.5 8.9 13.5 11.9 5.8 Note:Interest Coverage=(Operating IncomeInterest and Dividends Received)/Interest Expenses. Debt to Total Assets Ratio 2 Debt to Equity Ratio.5 Fixed Assets Ratio 8. 15.4 6. 1.3.2 4. 5.1 2. 19983 19993 23. 213 19983 19993 23 213 19983 19993 23 213 19983 19993 23 213 Debt to Total Assets Ratio 7.8 8.3 9.4 6.8 6.6 DE Debt to Equity RatioTimes.19.2.22.16.14 Fixed Assets Ratio 57.2 59.7 59.5 7. 65.2 DE Note:Debt to Total Assets Ratio=Loans PayableCPBond/Total Assets. Note:D/E Ratio=Loans PayableCPBond/Shareholders' Equity. Per Share Data Earnings per ShareEPS Book Value per ShareBPS 6 12 4 1 8 2 6 4 2 2 19983 19993 23 213 19983 19993 23 213 19983 19993 23 213 Earnings per Share 32.39 23.76 44.25 35.28 15.39 Book Value per Share 89.17 862.6 952.67 1,14.81 1,82.16 6

Non-Consolidated Sales & Gross Profit by Business Group Sales & Gross Profit Composition by Business Group Sales Gross Profit 3. Health Care 17.9 Health Care 14.9 Electronics 5.3 Chemicals 2.9 Electronics 44.2 Chemicals 31.8 Plastics Chemicals 3, 18, 17. Plastics Plastics 18, Sales Gross Profit 12, 25, 15, 15, 1, 2, 12, 12, 8, 15, 9, 9, 6, 1, 6, 6, 4, 5, 3, 3, 2, 19983 19993 23 213 19983 19993 23 213 Electronics 1, 7,5 Health Care 2, 8, 8, 6, 15, 6, 6, 4,5 1, 4, 4, 3, 2, 1,5 5, 2, 19983 19993 23 213 19983 19993 23 213 19983 19993 23 213 Chemicals Sales Gross Profit 252,61 46.9 15,527 235,277 14,241 235,381 14,249 225,5 12,718 25,299 11,534 Plastics Sales Gross Profit 173,791 32.3 1,213 16,341 32.7 9,756 152,69 31.1 8,4 161,28 33.5 7,54 129,81 31.8 4,435 Electronics Sales Gross Profit 96,64 17.9 7,119 8,77 16.5 6,167 87,296 17.8 6,47 82,828 17.2 6,163 6,57 14.9 5,446 Health Care Sales Gross Profit 15,749 6,343 2.9 14,283 5,649 2.9 14,891 5,834 3. 12,27 4,38 2.5 12,333 4,663 3. Total Sales Gross Profit 538,7561. 39,23 49,6721. 35,815 489,6391. 34,496 481,2941. 3,83 47,951. 26,79 7

Non-Consolidated Sales by Area 6, 5, 4, 3, 2, 1, 19983 19993 23 213 Japan Asia North America Others 19983 19993 23 213 Japan 42,88 74.8 365, 36,875 35,651 32,2 Asia 111,689 2.7 99,926 2.4 11,288 22.5 113,82 23.6 9,998 22.3 North America 15,761 2.9 17,524 3.6 11,92 2.3 1,331 2.1 8,365 2.1 Others 8,425 1.6 8,219 1.7 7,383 6,59 1.4 6,583 1.6 Total 538,7561. 49,6721. 489,6391. 481,2941. 47,951. Sales by Type of Transaction 6, 5, 4, 3, 2, 1, 19983 19993 23 213 Domestic Import Export Intermediary 19983 19993 23 213 Domestic 375,535 69.7 339,281 333,215 327,261 279,978 Import 27,344 5.1 25,719 5.2 27,659 5.6 23,39 4.9 22,23 5.4 Export 98,41 18.2 92,248 18.8 89,149 18.2 82,958 17.2 67,33 16.5 Intermediary 37,834 7. 33,423 6.8 39,614 8.1 47,684 9.9 38,644 9.5 Total 538,7561. 49,6721. 489,6391. 481,2941. 47,951. 8

Non-Consolidated Profitability Ratio of Gross Profit to Sales 8. Ratio of Operating Income to Sales Ratio of Ordinary Income to Sales 2. 6. 1. 4..5 1. 2...5. 19983 19993 23 213.5 19983 19993 23 213. 19983 19993 23 213 19983 19993 23 213 Ratio of Gross Profit to Sales 7.3 7.3 7. 6.4 6.4 Ratio of Operating Income to Sales 1.4 1.1.9.5.2 Ratio of Ordinary Income to Sales 1.4 1.4 1.2 1.2.7 Return on EquityROE 6. Return on AssetsROA 2. 4. 2.. 2. 1..5..5 4. 19983 19993 23 213 1. 19983 19993 23 213 19983 19993 23 213 Return on EquityROE 4.3 3.4 4. 2.6 2. Return on AssetsROA 1.6 1.4 1.7 1.1.9 Note:Values for net assets and total assets are avarege values at the beginning and end of the term. Efficiency Total Assets Turnover 2.5 Trade Receivable & Payable Turnover Period 15 Inventory Turnover Period 15 2. 1 1 1..5. 19983 19993 23 5 Trade Receivable Trade Payable 213 19983 19993 23 213 19983 19993 23 213 5 19983 19993 23 213 Total Assets TurnoverTimes 2. 2. 2. 1.8 Trade Receivable Turnover PeriodDays 116.3 12.7 117.4 123.8 134.3 Trade Payable Turnover PeriodDays 84.5 85.9 82.8 9.1 99.3 Inventory Turnover PeriodDays 7.4 9.9 1.8 11.9 13.1 Note:Values for total assets, trade receivable, trade payable and inventory are avarege values at the beginning and end of the term. 9

Non-Consolidated Safety Ratio of Shareholders' Equity 5 Current Ratio 15 Interest Coverage Ratio 3 4 3 1 2 2 1 5 1 19983 19993 23 213 19983 19993 23 213 19983 19993 23 213 19983 19993 23 213 Ratio of Shareholders' Equity 4.6 42.3 42.4 42.8 45.5 Current Ratio 133.7 134.2 141.3 138.6 144.5 Interest Coverage RatioTimes 25.5 23.1 25.8 18.2 Note:Interest Coverage=(Operating IncomeInterest and Dividends Received)/Interest Expenses. Debt to Total Assets Ratio 8 Debt to Equity Ratio.3 Fixed Assets Ratio 8. 6.2 6. 4 4. 2.1 2. 19983 19993 23. 213 19983 19993 23 213 19983 19993 23 213 19983 19993 23 213 Debt to Total Assets Ratio 4.8 4.7 7.1 3.4 6.1 DE Debt to Equity RatioTimes.12.11.17.8.13 Fixed Assets Ratio 56. 58. 56.6 72.8 68.8 DE Note:Debt to Total Assets Ratio=Loans PayableCPBond/Total Assets. Note:D/E Ratio=Loans PayableCPBond/Shareholders' Equity. Per Share Data Earnings per ShareEPS Price Earnings RatioPER 3 3 Book Value per ShareBPS Price Book Value RatioPBR 1 Dividends per Share 1. 2 2 8 1.2 8. 1 1 6.9 6. 4.6 4. 1 EPS PER 2 19983 19993 23 2 BPS PBR.3 2... 213 19983 19993 23 213 19983 19993 23 213 19983 19993 23 213 Earnings per Share 28.8 23.11 28.65 21.42 17.33 Price Earnings RatioTimes 17.67 2.99 13.79 24.98 Book Value per Share 674.87 698.47 748.66 877.88 835.77 Price Book Value RatioTimes.75.69.53.61.61 Dividends per Share 8. 8. 8. 8. 8. 1

Consolidated Balance Sheet 213 213 Cash and time deposits Notes and accounts receivable Inventories Deferred income taxes Others Less allowance for doubtfull receivables 246,268 21,43 184,493 34,179 1,885 5,484 1,179 26,62 23,297 151,22 25,545 2,386 5,28 1,579 Notes and accounts payable Short-term loans Accrued income taxes Deferred income taxes Others 168,142 134,337 14,2 4,615 15,187 129,966 15,599 6,732 563 12 17,59 Property, plant and equipment Buildings and structures Machinery, equipment and vehicles Land Others Intangible fixed assets Investments and other assets Investments in securities Long-term loans receivable Deferred income taxes Others Less allowance for doubtful accounts Total assets 17,58 24,73 94,11 25,228 1,666 1,598 4,154 7,968 1,941 1,229 81,548 3,474 9,545 1,61 1,22 67,579 76,39 63,72 315 748 4,688 512 353,776 424 434 3,775 126 3,73 Bond Long-term debt Deferred tax liabilities Accrued retirement benefits for employees Accrued retirement benefits for officers Others Total liabilities Minority interests Total shareholders' equity Total liabilities, minority interests and shareholders' equity 28,252 7, 2,876 7,846 9,231 1,261 36 196,395 3,882 9,699 9,634 118,336 16,21 383 153,498 353,776 22,188 7, 2,945 2,14 9,266 929 32 152,155 3,741 9,699 9,634 114,87 11,69 963 2,682 144,176 3,73 11

Consolidated Income Statement & Surplus Statement 213 559,372 54,232 55,14 Gross profit 47,388 7,752 Operating income 4,641 786 Interests income 1,172 Dividends income 544 Rent income 2,137 Others 2,111 815 Interest expenses 1,295 Others 1,282 Ordinary income 7,363 1,519 Gains on sales of property and equipment 3,971 Gains on sales of investments in securities 1,87 Gains on marketable securities contributed to employees' retirement benefit trust 2 Prior-term adjustment 8,293 Loss on revaluation of investments in securities 724 Special retirement allowance 281 Loss on liquidation of subsidiaries 6,984 Amortization of net retirement benefit obligation at transition 33 Others 9,352 Income or loss before income taxes and minority interests 6,527 Income taxes 2,56 Deferred taxes 385 Minority interests 4,945 Net income or loss 115,53 Adjustment in retained earnings resulting from merger of consolidated subsidiaries Increase in retained earnings resulting from merger of unconsolidated subsidiaries Cash dividends Bonuses to officers Retirement of treasury stock Decrease in retained earnings resulting from exclusion of consolidated subsidiaries Consolidated surplus at the end of the year 2,451 1,132 62 1,256 118,336 49,583 443,67 46,976 45,32 1,673 5,213 61 1,338 639 2,625 2,147 623 1,523 4,739 1,15 37 1,112 8,839 6,72 1,73 45 369 2,949 1,758 2,87 197 2,97 118,336 1,454 1,111 54 266 114,87 Cash Flow Statement Net income or loss before income taxes and minority interests Depreciation and amortization Decreace in retirement benefits Increace in retirement benefits Interest and dividends received Gain (loss) on sales of property and equipment Increase (decreace) in notes and accounts receivable Increase (decreace) in inventories Increase (decreace) in notes and accounts payable Gain on sales of investment securities Loss on devaluation of investments in securities Others Sub total Interest and dividends received by cash Interest paid Taxes paid Net cash provided by (used in) operating activities Purchases of property and equipment Proceeds from sales of property and equipment Purchases of investments in securities Proceeds from sales of investments in securities Payment for subsidiary purchases of stock, net of cash acquired Others Net cash provided by (used in) investing activities Decreace in short-term loans, net Proceeds from long-term debt Repayment of long-term debt Purchases of treasury stock Cash Dividends paid Others Net cash provided by used in financing activities 213 9,352 2,966 4,69 9,231 1,959 1,478 2,341 5,78 7,118 3,82 124 1,896 1,636 1,985 822 3,633 8,165 3,593 2,45 5,184 6,119 2,895 654 4,162 6,83 1,185 27 1,256 1,132 3 8,36 1,72 3,231 21,15 68 18,465 2,949 2,888 247 1,948 15 33,112 5,974 28,287 1,75 6,72 3,33 17,731 2,172 619 6,932 12,351 3,993 156 1,858 1,8 2,593 1,3 4,735 1,534 1,11 2,948 1,111 253 8,615 1,318 3,753 18,465 11 368 21,96 12

Non-Consolidated Balance Sheet Income Statement & Statement of Shareholders' Equity 213 213 Cash and time deposits Notes receivable Accounts receivable Treasury stock Inventories Advance payment Deferred tax assets Short-term loans receivable Others Less allowance for doubtful receivables 195,982 7,55 34,536 131,333 16,861 212 1,27 2,437 3,96 758 168,343 13,198 21,439 112,892 12,34 176 1,775 4,26 3,292 977 Notes payable Accounts payable Short-term loans payable Commercial paper Accrued payment Accrued expenses Accrued income taxes Advance received Deposits received Deferred income Others 141,352 5,998 118,875 2,173 1,629 3,6 2,927 213 3,22 2 3,284 116,476 4,655 92,514 2,888 3, 1,372 2,462 9 135 6,157 58 3,221 Property, plant and equipment Buildings Structures Machinery and equipment Vehicles Tools, furniture and fixtures Land Intangible fixed assets Investments and other assets 88,789 8,525 4,9 219 24 2 847 3,125 66 8,198 76,572 1,7 4,241 251 224 1 653 4,698 56 66,446 Investments in securities Investment in subsidiaries 63,21 49,889 13,878 14,67 Other investment in subsidiaries Long-term loans receivable in subsidiaries Others Less allowance for doubtful accounts 13 364 3,72 457 423 155 2,143 232 Total assets 284,772 244,916 Bond Long-term debt Deferred income taxes Accrued retirement benefits for employees Accrued retirement benefits for officers Total liabilities Reserve for special depreciation Reserve for advanced depreciation Other reserves Unappropriated retained earnings Total shareholders' equity Total liabilities and shareholders' equity 21,449 7, 5 7,494 5,76 748 162,81 9,699 9,634 2,424 84,769 65 15 78,51 6,178 15,441 121,97 284,772 17,89 7, 1,98 1,35 6,53 75 133,566 9,699 9,634 2,424 8,98 16 78 79,51 655 11,292 2,682 111,35 244,916 13

Non-Consolidated Income Statement Gross profit Interests income Dividends income Rent income Others Interest expenses Operating income or loss Loss on revaluation of marketable securities Others Gains on disposal of property and equipment Gains on sales of investments in securities Gains on marketable securities contributed to employees' retirement benefit trust Prior-term adjustment Loss on revaluation of investments in securities Special retirement allowance Loss on liquidation of subsidiaries Amortization of net retirement benefit obligation at transition Others Ordinary income Income or loss before income taxes Income taxes Deferred taxes Balance carried forward from the previous year Retirement of treasury stock 213 481,294 45,491 3,83 28,522 2,28 4,79 563 2,66 668 87 1,291 3 238 752 5,697 7,422 1,511 4,39 1,87 1 8,33 724 537 6,984 83 4,79 4,24 2,238 3,4 4,43 1,256 6,178 47,95 381,87 26,79 26,985 95 4,626 44 2,414 762 1,43 959 182 777 2,761 262 23 239 8,547 6,722,586 45 192 5,523 539 3,7 2,361 3,283 266 655 14

Performance of Group Companies NAGASE & CO.,LTD. Domestic Overseas Manufacturing Processing Servicing Selling Manufacturing Selling 26 Consolidated Companies Domestic Selling and Servicing Company Capital stock Foundation Shares of having resolution Business lines Hoei Sangyo Co., Ltd. Nagase Plastics Co., Ltd. Nagase Color & Chemicals Co., Ltd. Nagase Elex Co., Ltd. Delta Fine Chemical Co., Ltd. Nagase Barrel Finishing Systems Co., Ltd. Nagase Biochemical Sales Co., Ltd. Nagase Storage & Distribution Co., Ltd. Shizuoka Nagase Co., Ltd. Sale of various recording media for information and image and various device and system for recording, compression and processing of information & image Sale of plastic packaging material, industrial products, molded products, adhesives, plastic raw material and other various machine, etc. Sale and information-providing service of dystuffs, industrial chemicals Sale of plastics and plastic raw material Sale of dystuffs, coating intermediates, plastics, and chemicals Sale of abrasive and inorganic materials Sale of enzymes and food and feed additives Warehousing Sale of dyestuffs, pigments, and chemicals for paper 15

Manufacturing and Processing Company Capital stock Foundation Shares of having resolution Business lines Nagase ChemteX Ltd. Totaku Industries, Inc. Setsunan Kasei Co., Ltd. Nagase Electronic Equipment Service Co., Ltd. Kotobuki Industries Co., Ltd. Manufacturing and selling of thermosetting resin, pharmaceutical, drug for animal, medical care products, cosmetics, industrial chemical products, intermediates, enzymes, food and feed additives Manufacturing and selling of plastic-based industrial and home-use hose, flexible pipe, etc. Manufacture of plastic coloring compounds Maintenance services for cryopumps and vacuum equipment Manufacture of plastic products Overseas Company Capital stock Foundation Shares of having resolution Business lines Nagase SingaporePteLtd. Nagase America Corp. NagaseHong KongLtd. NagaseEuropaGmbH NagaseThailandCo., Ltd. NagaseMalaysiaSdn. Bhd. Nagase Wahlee Plastics Corp. Nagase California Corp. NagaseTaiwanCo., Ltd. Canada Mold Technology Inc. Nagase America Holdings Inc. Nagase Plastics America Corp. Import & export, trading, market development, information gathering Import & export, sale of chemicals and electronic industry materials Import & export, trading, market development, information gathering Wholesaler Import & export, trading, market development, information gathering Import & export, trading, market development, information gathering Trading Import & export, trading, market development, information gathering Wholesaler Mold making, sales and maintenance Nagase America Corp. Nagase Plastics America Corp. Holding Company of Nagase America Corp. and Nagase Plastics America Corp. Import & export, sale of plastics Inside of parethess of the box of shares of having resolutionright is indirect one. 16

Matters relating to stocks 1,2 16, 1,5 9 14, 12, 75 1, 6 8, 45 6, 3 4, 15 2, 1997 1998 1999 2 21 Stock prices High price Low price Closing price Turnover 925 77 97 5,131 1997 97 665 58 59 5,481 363 38 5,626 525 38 59 8,813 522 417 56 5,316 1998 619 489 43 488 6,629 323 387 6,64 53 345 485 8,139 635 462 575 1999 63 538 47 529 394 419 493 352 395 7,316 1,863 9,54 12,44 598 37 598 2 64 581 58 57 381 425 57 41 535 15,363 1,78 6,184 6,52 65 55 65 5,17 21 62 588 591 488 488 4,329 511 545 3,739 485 51 3,383 14, 14 12, 12 1, 1 Number of Shareholders Ratio of Foreign Shareholders 8, 8 6, 6 4, 4 2, 2 19983 19993 23 213 19983 19993 23 213 Number of Shareholders 9,329 9,21 1,742 9,997 8,738 Ratio of Foreign Shareholders 9.75 9.28 8.5 11.66 9.67 17

Company profile 138355 FAX URL http://www.nagase.co.jp Name Investment to our company To our Major shareholders No of shares held Special rate No of shares held Special rate % % M shares % M shares % 6,867 4.96 7,12.12 Sumitomo Mitsui Bank 6,867 4.96 7,12.12 5,841 4.22 4,6.28 Sumitomo Trust Bank 5,841 4.22 4,6.28 5,42 3.9 Tokyo Mitsubishi Bank 5,42 3.9 4,63 3.33 UFJ Bank 4,63 3.33 4,228 3.5 Nippon Life Ins. Co. 4,228 3.5 4,134 2.99 Hiroshi Nagase 4,134 2.99 4,115 2.97 SNFE MAC Japan Active Shareholder Fund, L.P. 4,115 2.97 1,21.74% Securities companies: 25 1,21 thousand stocks(.74%) 13,378 9.66% Foreign corporation,etc: 55 13,378 thousand stocks(9.66%) 25,39718.35% Other corporation: 321 25,397 thousand stocks(18.35%) 43,29331.28% Private and others: 8,252 43,293 thousand stocks(31.28%) 55,31839.97% Financial institutions: 85 55,318 thousand stocks(39.97%) 18