Dear Shareholders:

First of all, I would like to thank you for your ongoing support.
As you may already know, as of September 6, 2006, our shares were listed on the First Sections of the Tokyo Stock Exchange and the Nagoya Stock Exchange. This accomplishment was only possible due to the continuing support of you, our shareholders, and I would like to take this opportunity to express my sincerest thanks.

Looking back at our 36th interim period (April 1, 2006 to Mar 31, 2007), we saw two of our subsidiaries in China swing into full gear in our logistics service business, as well as a large increase in orders at our North American subsidiaries. Meanwhile, domestically, we have worked hard to expand sales in the field of total logistics service in the Kansai region. In our automobile service business, we amalgamated the Toyota City branch of Auto Plaza Rabbit with the Kariya Service Port in order to improve the productivity and sales efficiency of our automobile maintenance plants.

Our consolidated results for this interim period show an increase in revenue for the third consecutive period, an increase in operating profit, an increase in ordinary profit for the fourth consecutive period, and an increase in interim net profit for the third consecutive period - our highest to date in all of these categories.
We expect that in the next fiscal period our revenues will reach 40 billion yen and that both revenues and profits will be at their highest levels ever. In addition to the 10-yen regular dividend, we hereby declare a 1-yen dividend commemorating the listing of our shares in the First Section, as well as a special 1-yen dividend for achieving continuous gains in profit, making the total dividend 12-yen per share.
The upcoming per-share dividends are expected to be 9-yen for the middle of next period and 11-yen at the end of next period (for a total of 20-yen per share).

We will continue to work to improve corporate value and customer value and to increase the total strength of our group companies. Your continuing support is most appreciated.

Thank you.