Briefing of Results for Organo Corporation (16:00-17:30 Nov 10 th, 2005)

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Valerie Hardy
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1 Briefing of Results for (16:00-17:30 Nov 10 th, 2005) Attendees President and CEO: Kiyoshi Hashimoto Managing Director : Yasuhiko Tanaka

2 Schedule of Briefing 1. Management Vision 2. Summary of Accounts for 1 st half of FY FY Mid-term Management Plan in Review 4. Report on Statement of Accounts for 1 st half of FY 2005, and Forecast for March 31st,

FY2004-2006 Mid-term Management Plan in Review 4.

3 1. Management Vision

4 1. Management vision Corporate Concept Corporate Principles Ecologically Clean" Corporate Purpose of Existence Water-value creation through heart and technique with keen attention on the future of the precious Earth Management Principles Management Stance Treasure the Earth Treasure our customers Treasure human beings Treasure technology Treasure our shareholders

the future of the precious Earth Management Principles 2005 4 Management Stance Treasure the

5 2. Summary of Accounts for 1 st half of FY

6 Consolidated Group of Organo Consolidated Group of Organo (9 companies in total) 8 domestic subsidiaries Hokkaido Organo Shoji Co., Ltd. 1 overseas subsidiary Organo (Asia) Sdn. Bhd. Tohoku Organo Shoji Co., Ltd. Tokyo Organo Shoji Co., Ltd. Chubu Organo Shoji Co., Ltd. Kansai Organo Shoji Co., Ltd. Kyushu Organo Shoji Co., Ltd. Danisko Organo Food Tech Co., Ltd. (former name: Rodia Organo Food Tech Co., Ltd.) 2005

, Ltd. Tokyo Organo Shoji Co., Ltd. Chubu Organo Shoji Co., Ltd. Kansai Organo Shoji Co., Ltd. Kyushu Organo Shoji Co.

7 Summary of Accounts for 1 st half of FY 2005 ( ): 1 st half / 1 st half change Consolidated Accounting Sales: 33,601 million (+ 4.4 %) Ordinary profit: 736 million (-34.8 %) Ordinary profit ratio: 2.2 % (- 1.3 points) Net income: 370 million (-46.6 %) Unconsolidated Accounting Sales: 27,433 million (+ 2.7 %) Ordinary profit: 586 million (-26.2 %) Ordinary profit ratio: 2.1 % (- 0.9 points) Net income: 422 million (-21.6 %)

3 points) Net income: 370 million (-46.6 %) Unconsolidated Accounting Sales: 27,433 million (+ 2.

8 Consolidated Sales and Ordinary Profit Recorded and Forecast Sales hundred million Yen Operational Profit hundred million Yen

9 Consolidated Ordinary Profit Ratio Recorded and Forecast

10 Consolidated Annual Net Profit Recorded and Forecast Lump sum disposal of Yen 5 billion for retirement payment obligation

11 3. FY Medium-Term Management Plan in Review

12 Management Plan of FY2006 Data of our group ( including unconsolidated companies) Sales 87.0 billion 70.4 billion OP 6.5 billion 3.8 billion OP ratio 7.5 % 5.4 % FY 2003 recorded

13 Concepts Return to Manufacturer Identity (Engineering group with manufacturing function) Engineering group with close attention to manufacturing Engineering group with close attention to manufacturing Customer-oriented and high-quality products and services Customer-oriented and high-quality products and services

group with close attention to manufacturing Customer-oriented and high-quality

14 Six Crucial Strategies Expansion of standard products business Sales increase by enhancement of sales network and provision of high-value-added products Expansion of solution business Strengthening of revenue base by enhancement of group service network Expansion of Business in China Building quality/price competitiveness that can be accepted globally Cost Reduction Strengthening plant business by thorough cost reduction Development of unique technologies/products Developing original market by providing technologies, products, and services timely Management Innovation Building a challenging and self-sustaining corporate culture

competitiveness that can be accepted globally Cost Reduction Strengthening plant business by thorough cost reduction Development of unique technologies/products

15 Restructuring for 6 critical strategies Organization Chart (June 29, 2005) Internal Auditing Office Secretariat Power Plant Division Corporate Planning Dept. Legal and Patent Dept. Environment Plant Division Integrating EL Div. and Plant & Equipment Div. Board of Directors' Meeting Chairman President & CEO/ COO Board of Corporate Auditors' Meeting Corporate Auditors Corporate Strategy Meeting Executive Officers' Meeting Corporate Administration Dept. Trade Control Dept. Environmental Safety and Quality Assurance Dept. Production Center R & D Center R & D Center, Toda Branch Plant Division Solution Division Standard Equipment Division Foodstuff Division Turning Customer Service Center to an independent profiting division Integrating Plant & Equipment Div. and Industrial Chemical Div.

Board of Directors' Meeting Chairman President & CEO/ COO Board of Corporate Auditors' Meeting Corporate Auditors Corporate Strategy Meeting Executive Officers' Meeting Corporate Administration Dept.

16 Director deployment for 6 critical strategy Chairman Masahiko Denda President and CEO Kiyoshi Hashimoto Executive Managing Director ( Outside Director ) Madoka Tashiro Executive Managing Director Hirokatsu Nakagawa ( Officer of Power Plant Div., Environment Div., Foodstuff Div., and Environmental Safety & Quality Assurance Dept. ) Managing Director Akio Kondo ( R & D Center Manager ) Managing Director Yasuhiko Tanaka ( Corporate Planning Dept. Manager and Trade Control Dept. Manager ) Managing Director Kazuo Kito ( Officer of Plant Div., Solution Div., and Standard Equipment Div. ) Director Hiroshi Iizuka ( Production Center Manager and Corporate Planning Dept. Sub-Manager )

) Managing Director Akio Kondo ( R & D Center Manager ) Managing Director Yasuhiko Tanaka ( Corporate Planning Dept. Manager and Trade Control Dept.

17 Achievement of 1 st half of FY ) Expansion of standard products business : Establishment of Standard Equipment Division ( Integrating Plant & Equipment Div. and Industrial Chemical Div. ) Bringing Organo Hi-tech into operation ( Cost Reduction by production and quality control of desktop equipment ) 2) Expansion of solution business : Establishment of Solution Division ( Turning Customer Service Center to an independent profiting division ) Sales expansion ( Function added water, Ion Exchanging Resin, Membrane Filter, Operating & Maintenance ) 3) Expansion of Business in China : Integration of function in China to Organo Suzhou Sales growth ( hundred million Yen ) 2.5 (FY2003 record) 5 (FY2004 record) 12 (FY2005 predict) 25 (FY2006 plan)

) Bringing Organo Hi-tech into operation ( Cost Reduction by production and quality control of desktop equipment ) 2) Expansion of solution business : Establishment of Solution Division (

18 Achievement of 1 st half of FY ) Cost Reduction : Establishment of Cost Reduction Team ( ever-lasting professional team ) Foster usage of 3 dimensional Computer Assisted Design Cutting cost of middle-size water purification units Achievement of as much as 110 million Yen in some constructions continued ( goal of FY2005 : 370 million Yen ) 5) Development of unique technologies/products : PVDF filter, refining system of electronic material etc. Marketing of IT related Business ( Customers from semiconductor & LCD makers to material industries ) 6) Management Innovation Reformation of conference & consensus-building systems Rationalization of Administrative/Management Activities ( subcontract expenses etc. )

5) Development of unique technologies/products : PVDF filter, refining system of electronic material etc.

19 4. Report on Statement of Accounts for 1 st half of FY 2005 and Forecast for March 31st, 2006 Look up details in 1 st half of FY2005 Financial Results & FY2005 Financial Forecast 2005

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