In 2004, Nishimatsu established Nishimatsu (Guangzhou) Construction Co., Ltd. (NIG) in order to capitalize on the expanding construction market in China.
    During the past three years, NIG was awarded and completed various factory buildings for Japanese clients in the Guangzhou, Shenzhen, Suzhou and Wuxi areas and earned an excellent reputation for punctual completion, high quality and prompt maintenance. Based on this experience, NIG will actively continue to further expand its business in the future.
    In 2006, Nishimatsu established the Nishimatsu India Branch Office in Hyderabad to take advantage of the expanding Indian construction market. We received our first order for the Bestex MM India Factory Project in 2007. We will continue to expand our business activities in India in a proactive manner.
    Recently, many investors worldwide have invested in Vietnam. This is especially the case among investors who have a factory in China and need to have a factory in another country in order to hedge their country risks in China. Therefore, demand for factory construction is increasing in Vietnam. We received orders for two factory projects and have already completed one of them. We were able to obtain a high level of satisfaction from the client for the completed project. We will continue to assertively develop our business here in the future.