KOKURA ENTERPRISE

Kokura Enterprise, whose headquarters is located in Kita-Kyushu, is involved in a variety of business areas including real estate, oil sales, warehouse operations, construction materials sales, etc., and is a general trading company with gross assets of 48.8 billion yen and achieving gross sales of 53.3 billion yen (as of the term of March 2002). The company was established in 1931, and it has been listed on the Fukuoka Stock Exchange since 1990. In order for Kokura Enterprise to realize its growth from the long-term perspective, in the event of completion of the takeover bid and acquisition of the total number of stock certificates planned to be acquired by the Buyer on the open market, the Buyer on the open market plans to consolidate Kokura Enterprise through a merger or share exchange.