Annual Report

The report records consolidated net sales of ¥414,258 million and net income of ¥27,112 million for the year ended March 31, 2010. It highlights the company's water investments, including the start of a 30-year seawater desalination operation in Tianjin, China. Its environmental chapter describes project-stage environmental management and reports office greenhouse-gas emissions more than 3,000 tons below fiscal 1998.