Speech on the Occasion of the Appointment of the President and Managing Director

My predecessor as Company President created a business that is today supported by a vast number of customers, an enterprise that was built up in the days when we were all pioneering the foam plastic industry. I would like to take the opportunity afforded by this occasion to assure you all that I fully intend to build further and constructively on the foundations that my predecessor established and to do everything that is within my own power in order to make a meaningful contribution to the development of our Corporate activities, to our industry as a whole and, furthermore, to society at large.

The environment in which we now find ourselves poses many problems for us all. Nonetheless, I am fully resolved to collaborate closely with all interested parties, including of course our own employees, and it is my firm belief that, by virtue of producing work that is of benefit to large numbers of people, we can together create an enterprise that is capable of making a genuine contribution to the well-being of society.

By virtue of taking full advantage of the inherent characteristics possessed by foam plastics, of lightness, of heat insulation, of shock absorption and of sound insulation, my intention is that we produce and export to global markets products and technologies that are beneficial in terms of being environment-friendly, and I also intend that we aim to become a truly global enterprise in which we can all continue to grow together. In conclusion, I would like to emphasize that it is my sincere hope that, as a result of our business activities, we can share together all over the world a sense of satisfaction and contentment, not only together with our customers but also with society as a whole, not forgetting of course every single one of our own employees.

                    Akira Hayashi

                    President and Managing Director

                    Daisen Co., Ltd.

                    Daisen Industry Co., Ltd.

                    Daisen International Trading ( Shanghai) Co., Ltd.

                    Daisen Mold (Shanghai) Co., Ltd.

                     April 2008