As clearly stated in the Code of Conduct of the Kyokuto Boeki Group Companies and other documents, we should never forget that the Group's corporate policy and prerequisite of corporate activities is FAIR AND FAITHFUL COMPLIANCE WITH LAWS AND REGULATIONS IN ALL BUSINESS ACTIVITIES. There are numerous examples of companies that have lost the trust of society due to wrongdoing, whereby the existence of such companies has been endangered. One might resort to the excuse that wrongdoing would benefit the company or the organization, but in truth such behavior will harm the company and create hardships for its employees.
We would withdraw from the business if success was based on illegalities or wrongdoing. The Group now declares that management will take the initiative as a positive example in promoting corporate compliance and ensuring employee observance. I hereby give all executives and employees of the Group the strict order to adhere to the corporate policy of compliance and to always fulfill assigned duties in accordance with the laws, regulations and public decency.
June 19.2008
Kyokutou Boeki Kaisya,Ltd.