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Tomen Receives Approval for Business Restructuring Plan from METI for Special Measures for Industrial Revitalization

2003-03-27

Tomen Corporation announced today that it has received approval from the Ministry of Economy, Trade and Industry (METI) on Tomen's business restructuring plan, filed in compliance with the Law on Special Measures for Industrial Revitalization. The positive decision by METI will speed up Tomen's business structure reform.

In December 2002, Tomen announced the "Tomen Group Medium-term Management Plan," to begin March 2003 (ending March 2006) with the goal of management integration with Toyota Tsusho Corporation in the coming years. Under the plan, Tomen will strengthen its business structure, establish a solid managementfoundation and remain competitive in the global market.

METI's approval validates Tomen's Medium-term Management Plan, providing additional support for the three-year restructuring plan. Because of METI's approval, Tomen also benefitsfrom a reduction in registration license tax related to the plan.

Information on Tomen's Medium-term Management Plan can be reviewed on our Investor Relations website:

* Press Release
* Tomen Group Medium-term Management Plan
* Revised Consolidated Financial Statements

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