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January 28, 2011 January 28, 2011. Shinshu Ham Co., Ltd. Nichirei Fresh Inc. Toyota Tsusho Corporation Shinshu Ham, Nichirei Fresh and Toyota Tsusho to Start Processed Meat Products Sales Business in Vietnam - Delivering Japanese-style hams and sausages to dining tables of Vietnam - Shinshu Ham Co., Ltd., (hereinafter referred to as “Shinshu Ham”; President: Yukio Nakamura), Nichirei Fresh Inc., (hereinafter referred to as “Nichirei Fresh”; President: Hisashi Hasegawa) and Toyota Tsusho Corporation (hereinafter referred to as “Toyota Tsusho”; President: Junzo Shimizu) will enter into a meat products sales business, handling such products as hams and sausages, in the domestic market of Vietnam. A meat processing and sales company, “Shinshu NT Co., Ltd.,” was established in December, 2010 and preparations are currently being made to launch local sales in late February, 2011. Changes to the lifestyles of the citizens of Vietnam have occurred in recent years, due to a high economic growth potential. The amount of livestock meat consumption has been steadily increasing year after year, with the distribution environment improved through the emergence of supermarkets and an increased ownership ratio of refrigerators in urban areas. Under such circumstances, a decision was made to establish a new sales company, with the aim of pioneering into a new processed meat market by bringing in hams and sausages prepared in a Japanese style, targeting the middle income class to wealthy class of consumers whose purchasing power has increased in urban areas. Shinshu Ham, with a proud ability to produce superior products in smaller lots, will be in charge of quality control and technical guidance, whereas the manufacturing work itself will be contracted to a processing meat manufacturer in the vicinity of Ho Chi Minh City, a location with a huge consumption. The “Shinshu” brand, has intentionally been given the Japanese kanji (Chinese derived) characters in order to bring to the forefront the trust for Japanese safety, reliability and high quality for the production and implementation of processed meat products (refrigerated products) in the domestic market of Vietnam. Nichirei Fresh will provide support for sales and marketing, utilizing the company’s experience in the sale of livestock meat products in the domestic market of Japan. Toyota Tsusho will be in charge of formulating overall strategies or business administration, based on the company’s business experience in Vietnam. <<Corporate summary of Shinshu NT Co., Ltd.>> Company name: Shinshu NT Co., Ltd. Location: Dong Nai Province, Socialist Republic of Vietnam Establishment date: December 27, 2010 (expected date for acquiring sales permit: End of January to early February). Capital: VND6.5 billion (approx. JPY30 million). Controlling shares: Shinshu Ham Co., Ltd. 33% Nichirei Fresh 33% Toyota Tsusho Corporation 34% (of which 9% owned by Toyota Tsusho Vietnam Co., Ltd.). Main business lines: Consigning the manufacture and sale of processed meat products, such as hams and sausages. Number of employees: 10 persons. The three companies, Shinshu Ham, Nichirei Fresh and Toyota Tsusho, will utilize the wealth of the companies’ individual know-how and provide safety and reliability, based on Japanese quality in delivering fresh and tasty processed meat products, to contribute to the bounty of Vietnamese dinner tables. Reference： <<Corporate Summary of Shinshu Ham>> Company name: Shinshu Ham Co., Ltd. Headquarters location: 950 Shimoshiojiri, Ueda City, Nagano Prefecture. Establishment date: July 8, 1947. Capital: JPY400 million Representative Officer: Yukio Nakamura, President and CEO. Main business lines: Manufacturing and selling hams and sausages, as well as meat packing and selling prepared foods. Number of employees: 510 persons (current as of the end of March, 2010). <<Corporate summary of Nichirei Fresh>> Company name: Nichirei Fresh Inc. Headquarters location: 6-19-20 Tsukiji, Chuo-ku, Tokyo Establishment date: January 5, 2005. Capital: JPY8 billion Representative Officer: Hisashi Hasegawa, President and CEO. Main business lines: Importing, exporting, processing and selling fishery products and livestock products. Number of employees: 226 persons (current as of the end of March, 2010). <Corporate summary of Toyota Tsusho> Company name: Toyota Tsusho Corporation Headquarters location: 4-9-8 Meieki, Nakamura-ku, Nagoya City, Aichi Prefecture. Establishment date: July 1, 1948 Capital: JPY64.936 billion. Representative officer: Junzo Shimizu, Chief Representative Officer and President. Main business lines: Domestic trading, importing, exporting and offshore trading of various commodities, as well as various insurance agency services. Number of employees: 3,187 persons (current as of the end of March, 2010). <Product image> .
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