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ANNUAL

REPORT

A MESSAGE TO OUR SHAREHOLDERS Greetings Since its founding in Japan's ancient capital, Kyoto, in April, 1979, Towa Corporation has consistently developed proprietary technologies and created numerous de facto standards. Our primary operations are composed of the development, production and marketing of plastic encapsulation systems for semiconductors, singulation systems and precision molds for manufacturing semiconductors, as well as the marketing of fine plastic molded products. We maintain a leading share of the global market for our mainstay semiconductor plastic encapsulation systems, which enjoy an excellent reputation with users. Economic Overview The Japanese economy over this consolidation-based fiscal year has been on an expansionary trend, thanks to growing investment in factories and equipment backed by good business results from domestic companies, and surpassing the "Izanagi boom," which was the longest post-war economic expansion. In the semiconductor industry, a greater demand for digital appliances including flat-screen televisions and portable music players has triggered the expansion in the market and consumption, leading to a boost in production and investment among semiconductor manufacturers. Performance Given such an economic atmosphere, we achieved a sharp rise in total sales over the current period, amounting to ¥25,160 million, which is equivalent to $213,130 thousand(a ¥5,519 million, or 28.1%, increase from the same period in the previous year), due in part to increased orders mainly at home and from Taiwan, as well as an additional sales increase (¥609 million) which was attributed to the accounting term shifting by our two domestic subsidiary companies for the period ending in March, as was adopted by their parent company, TOWA, with a view to strengthening the control on loss and profit on a consolidated basis. Also, due to our earnings recovery, made in accordance with various policies stated in our mid-term management plan "Challenge 30" starting in April, 2006, the operating income soared to ¥1,224 million which is equivalent to $10,368 thousand (the operating losses in the previous year were ¥2,414 million) and the net income grew to ¥1,039 million, equivalent to $8,801 thousand, over the current period (the net losses in the previous year were ¥5,923 million). Looking Ahead Our group companies have been working hard to improve the performance in line with the mid-term management plan, "Challenge 30," which is the three-year program from April in 2006 through March in 2009, aimed at assuring the profitability by going back to our Core competence in Mold Die related technology and Manufacturing, and building a new path to success by releasing innovative products, starting with the PM series.

The outline of the mid-term management plan is as follows: (1) Business Portfolio Review With the technological transfer of our bonder business to Shibuya Kogyo Co., Ltd., we have streamlined operations and improved the productivity in the molding field, in which we have a leading share of the market. In the singulation field, we have closed the development/production division of TOWA-Intercon Technology, Inc. and newly set up a singulation department in our head office so that we can have a leading role in the whole process from development to marketing. Utilizing the accumulated technology based upon our core competence, we will launch an LED device sales department and make our utmost effort to expand the sales of plastic encapsulation systems with high-brightness LEDs in the LED market, which is expected to grow dramatically. (2) Strengthening Sales Strategy Our effective coping with high-density packaging, characterized by SIP (System In Package), multi-layer stack, Low-K, etc., was highly rated by major IDMs (Integrated Device Manufacturers) around the world, which contributed to the growth of our transactions. In April, 2006, our marketing system was transformed from region-based operation to customer-based operation. By stepping up our efforts on target products--for example, vehicle-mounted semiconductors or electronic components--we will try hard to increase our share of the molding device market. (3) Optimizing QCD (Quality/Cost/Delivery) The closure of our molding factory in Singapore, along with the expansion of the molding factory of our Kyushu office, has brought about a cutback in fixed costs, the reduction of lead time, and the uniformity of quality. In the device production sphere, the well-planned platform manufacturing in our overseas manufacturing subsidiaries and the system of shipping goods directly from factories have contributed to a drastic increase of factory utilization rate and shorter lead time, as well as lower logistic costs. (4) Improving Financial Conditions We have largely reduced our debts on a consolidated basis to ¥14,077 million, equivalent to $119,246 thousand, by ¥3,014 million from a year earlier by completing the selling of the plant of TOWA Singapore Mfg. Pte. Ltd. to a Japanese-owned medical firm and achieving a substantial improvement in cash flow from operating activities. We will continue making efforts to improve our financial condition by further cutting debts requiring interest payments, selling the real estate of TOWA-Intercon Technology, Inc., and compressing inventory assets.

(5) Reducing Fixed Costs We have achieved a cut in fixed costs by closing and selling the factory of TOWA Singapore Mfg. Pte. Ltd., as well as carrying out the drastic restructuring of TOWA-Intercon Technology, Inc. We will further pursue higher operational efficiency and labor saving to establish a 1,000-workforce system within the whole group by proceeding with the ongoing ERP project and the utilization of information technology. (6) Clarifying Management's Responsibility In order to clarify managing, supervising, and executive functions, we have introduced an executive officer system starting in July 2006. To clear up management's responsibility in the downturn in business in March 2006, we fully cut the remuneration for Chairman, and partially reduced the remuneration for other directors in fiscal 2006, from April 2006 to March 2007. (7) Reforming Corporate Culture and Organization Looking at fiscal year ending in March 2007, or the first year in the mid-term management plan "Challenge 30," as "the year of restructuring," we proceeded with a campaign aiming at "Entire corporate structure improvement," in which we made various efforts on a division basis in the pursuit of CS (Customer Satisfaction) and ES (Employee Satisfaction). We will also set up a business reformation/ERP (Enterprise Resource Planning) committee to introduce ERP aimed at streamlining operation, and continue to fully review the whole business process in the so-called "CHANGE project". We look forward to your continuing support and assistance in the future. We would like to express our heartfelt appreciation for your support.

June, 2007

Yoichi Kawahara President & COO

Consolidated Balance Sheets

TOWA CORPORATION AND CONSOLIDATED SUBSIDIARIES March 31, 2006 and 2007

Millions of yen 2006 2007

Thousands of U.S. dollars (Note 1) 2007

ASSETS Current assets: Cash on hand and at banks .......................................... Notes and accounts receivable : Trade ................................................................ Less: Allowance for doubtful accounts ........................ Inventories ............................................................. Deferred tax assets (Note 12) ....................................... Other current assets .................................................. Total current assets ............................................... Property, plant and equipment, at cost : Land ..................................................................... Buildings and structures ............................................. Machinery and equipment ........................................... Construction in progress ............................................. Less: Accumulated depreciation ................................. Total property, plant and equipment ............................ 4,648 13,406 10,502 2 (14,810) 13,748 4,650 12,451 9,572 70 (14,147) 12,596 39,390 105,472 81,084 593 (119,839) 106,700 3,589 3,542 30,004

8,725 (113) 8,612 5,400 17 676 18,294

8,617 (186) 8,431 5,391 29 320 17,713

72,994 (1,575) 71,419 45,667 246 2,711 150,047

Other assets: Investment securities (Note 3) ...................................... Deferred income taxes (Note 12) ................................... Other .................................................................... Total other assets ................................................. Total assets ...............................................................

3,318 38 1,204 4,560 36,602

3,417 38 1,162 4,617 34,926

28,945 322 9,844 39,111 295,858

The accompanying notes are an integral part of these financial statements.

Consolidated Balance Sheets

TOWA CORPORATION AND CONSOLIDATED SUBSIDIARIES March 31, 2006 and 2007

Millions of yen 2006 2007

Thousands of U.S. dollars (Note 1) 2007

LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term borrowings (Note 4) .................................... Current portion of long-term debt (Note 4) ........................ Notes and accounts payable .......................................... Accrued expenses(Note 2(10)) ....................................... Accrued income taxes ................................................ Other current liabilities ................................................ Total current liabilities .............................................

7,352 2,514 3,404 245 80 1,529 15,124

5,244 2,826 2,535 429 114 1,689 12,837

44,422 23,939 21,474 3,634 966 14,307 108,742

Long-term liabilities: Long-term debt (Note 4) ............................................. Accrued severance indemnities for employees(Notes2(11)and Accrued severance indemnities for directors and corporate auditors(Note2(11)) ... Deferred tax liabilities (Note 12) .................................... Other long-term liabilities ............................................. Total long-term liabilities .......................................... Total liabilities ...................................................... Contingent liabilities (Note 14) Shareholders' equity (Note 6) Common stock Authorized: 80,000,000 shares Issued : 24,021,832 shares at 31st March, 2006............... 25,021,832 shares at 31st March, 2007............... Additional paid-in capital ............................................. Retained earnings ...................................................... Unrealized gain on other securities ................................. Translation adjustments ............................................. Less: Treasury stock at cost .......................................... Total shareholders' equity .......................................... Total liabilities and shareholders' equity ........................

7,225 716 21 495 18 8,475 23,599

6,007 712 25 402 2 7,148 19,985

50,885 6,031 212 3,405 18 60,551 169,293

8,533 8,446 (4,837) 761 105 (5) 13,003 36,602

8,933 3,115 1,927 621 351 (6) 14,941 34,926

75,671 26,387 16,324 5,260 2,974 (51) 126,565 295,858

The accompanying notes are an integral part of these financial statements

Consolidated Statements of Income

TOWA CORPORATION AND CONSOLIDATED SUBSIDIARIES Two years ended March 31, 2007

Millions of yen 2006 19,641 17,278 2,363 4,777 (2,414) 2007 25,160 19,455 5,705 4,481 1,224

Thousands of U.S. dollars (Note 1 ) 2007 213,130 164,803 48,327 37,959 10,368

Net sales.............................................................................. Cost of sales........................................................................ Gross profit.................................................................. Selling, general and administrative expenses (Notes2(11)and 7)... Operating Income........................................................... Other income (expenses) Interest and dividend income................................................... Interest expenses.................................................................. Foreign exchange gainslosses) ................................................ Gain (Loss) on sale of investment securities................................. Valuation loss of investment securities....................................... Amortization of excess investment costs over net assets of consolidated subsidiaries acquired........................... Equity in earnings of affiliates................................................... Loss on impairment of fixed assets(8................................. Loss on discontinuing operation and restructuring (Note 9) ............... Loss on subsidiaries liquidation (Note 10) .................................... Loss on prior period adjustments (Note 11)................................. Other, net........................................................................... Total other income (expenses) ............................................. Income before income taxes and minority interests ..................... Income taxes (Note 12) Current ........................................................................ Deferred ...................................................................... Income ( loss ) before minority interests ................................. Minority Interests .................................................................. Net Income (loss) ............................................................

33 (301) 287 153 (3) (598) 227 (3,136) (548) (236) 539 (3,583) (5,997)

38 (410) 78 257 (110) 156 9 1,233

322 (3,473) 661 2,177 (932) 1,321 76 10,444

103 132 (6,232) (309) (5,923)

213 (19) 1,039 1,039

1,804 (161) 8,801 8,801

Yen Amount per share of common stock (Note 2 (18) ): Net Income (loss) ............................................................ Diluted net income ......................................................... Cash dividends ............................................................... (275.58) 41.59 5.00

U.S. dollars (Note 1 ) 0.35 0.04

The accompanying notes are an integral part of these financial statements.

Consolidated Statements of Shareholders' Equity

TOWA CORPORATION AND CONSOLIDATED SUBSIDIARIES Two years ended March 31, 2007

Millions of yen

Number of shares of common stock Common stock Additional paid-in capital Retained earnings

Unrealized gain on other securities Translation adjustments Treasury stock

Total shareholders' equity

Balance at March 31, 2005 ..........................................20,762,382 7,532

7,446

1,086

445

(506)

(4)

15,999

NetLoss ........................................................... Net increase of treasury stock .................................... Net increase of unrealized gain on other securities ............ Conversion of convertible bonds................................ Net increase of translation adjustments ........................... Balance at March 31, 2006 ..........................................24,021,832 3,259,450

1,001 8,533

1,000 8,446

-

(5,923) 316

-

-

(1) (5)

(5,923) (1) 316 2,001 611 13,003

761 611 105

-

-

(4,837)

NetIncome ......................................................... Bonus to corporate directors ....................................... Net increase of treasury stock ................................... Net increase of unrealized gain on other securities ........... Allocation of new shares to a third party..................... Net increase of translation adjustments ........................ Reserve from legal capital surplus ............................ Balance at March 31, 2007 ..........................................25,021,832 1,000,000

-

400

400

1,039 (6) -

(140) 621 351

246 -

(1) (6)

1,039 (6) (1) (140) 800 246 14,941

8,933

-

(5,731) 3,115 5,731 1,927

-

Thousands of U.S.dollars (Note 1 )

Number of shares of common stock Common stock Additional paid-in capital Retained earnings

Unrealized gain on other securities Translation adjustments Treasury stock

Total shareholders' equity

Balance at March 31, 2006 ..........................................24,021,832

72,283

71,546

(40,974)

6,446

889

(42)

110,148

NetIncome ......................................................... Bonus to corporate directors ....................................... Net increase of treasury stock ................................... Net increase of unrealized gain on other securities ........... Allocation of new shares to a third party..................... Net increase of translation adjustments ........................ Reserve from legal capital surplus ............................ Balance at March 31, 2007 ..........................................25,021,832 1,000,000

3,388 75,671

3,388 -

-

8,801 (50) -

(1,186) 5,260 2,974 2,085

-

(9) -

8,801 (50) (9) (1,186) 6,776 2,085 126,565

(48,547) 26,387 48,547 16,324

-

-

(51)

The accompanying notes are an integral part of these financial statements.

Consolidated Statements of Shareholders' Equity

TOWA CORPORATION AND CONSOLIDATED SUBSIDIARIES Two years ended March 31, 2007

Millions of yen

Number of shares of common stock Common stock Additional paid-in capital Retained earnings

Unrealized gain on other securities Translation adjustments Treasury stock

Total shareholders' equity

Balance at March 31, 2005 ..........................................20,762,382 7,532

7,446

1,086

445

(506)

(4)

15,999

NetLoss ........................................................... Net increase of treasury stock .................................... Net increase of unrealized gain on other securities ............ Conversion of convertible bonds................................ Net increase of translation adjustments ........................... Balance at March 31, 2006 ..........................................24,021,832 3,259,450

1,001 8,533

1,000 8,446

-

(5,923) 316

-

-

(1) (5)

(5,923) (1) 316 2,001 611 13,003

761 611 105

-

-

(4,837)

NetIncome ......................................................... Bonus to corporate directors ....................................... Net increase of treasury stock ................................... Net increase of unrealized gain on other securities ........... Allocation of new shares to a third party..................... Net increase of translation adjustments ........................ Reserve from legal capital surplus ............................ Balance at March 31, 2007 ..........................................25,021,832 1,000,000

-

400

400

1,039 (6) -

(140) 621 351

246 -

(1) (6)

1,039 (6) (1) (140) 800 246 14,941

8,933

-

(5,731) 3,115 5,731 1,927

-

Thousands of U.S.dollars (Note 1 )

Number of shares of common stock Common stock Additional paid-in capital Retained earnings

Unrealized gain on other securities Translation adjustments Treasury stock

Total shareholders' equity

Balance at March 31, 2006 ..........................................24,021,832

72,283

71,546

(40,974)

6,446

889

(42)

110,148

NetIncome ......................................................... Bonus to corporate directors ....................................... Net increase of treasury stock ................................... Net increase of unrealized gain on other securities ........... Allocation of new shares to a third party..................... Net increase of translation adjustments ........................ Reserve from legal capital surplus ............................ Balance at March 31, 2007 ..........................................25,021,832 1,000,000

3,388 75,671

3,388 -

-

8,801 (50) -

(1,186) 5,260 2,974 2,085

-

(9) -

8,801 (50) (9) (1,186) 6,776 2,085 126,565

(48,547) 26,387 48,547 16,324

-

-

(51)

The accompanying notes are an integral part of these financial statements.

Millions of yen

Thousands of U.S. dollars (Note 1 ) 2007 10,444 9,699 (2,177) (322) 3,473 (246) 932 2,507 568 3,050 (7,997) (2,084) 2,856 20,703 398 (3,143) (1,905) 16,053

Cash Flows from Operating Activities: Net Income before income taxes and minority interests ....................................... Adjustments for: Depreciation ..................................................................................... Loss on impairment of fixed assets.......................................................... Equity in earnings of affiliates ................................................................ Amortization of excess investment costs over net assets of consolidation subsidiaries acquired ......................... Interest and dividends income ................................................................ Interest expenses .............................................................................. Foreign exchange losses (gains) ............................................................ Valuation loss of investment securities ...................................................... Loss from discontinued operation and restructuring...................................... Loss on subsidiaries liquidation............................................................. (Increase) decrease in trade notes and accounts receivable .................................... (Increase) decrease in inventories .................................................................. (Increase) decrease in other current assets ....................................................... Increase (decrease) in notes and accounts payable ............................................. Increase in accrued and other current liabilities ........................................................................ Other, net ............................................................................................. Sub-total ............................................................................................. Interest and dividends received ..................................................................... Interest paid .......................................................................................... Income taxes paid .................................................................................... Net cash provided by (used in) operating activities ........................................... Cash Flows from Investing Activities: Purchase of marketable securities .................................................................. Sale of marketable securities....................................................................... Purchase of investment securities .................................................................. Sale of investment securities....................................................................... Purchase of subsidiary securities.................................................................. Purchase of property, plant and equipment ...................................................... Sale of property, plant and equipment ............................................................ Other, net ............................................................................................. Net cash provided by (used in) investing activities ............................................. Cash Flows from Financing Activities: Increasedecrease) in short-term borrowings ................................................... Proceeds from issuance of long-term debt ...................................................... Repayments of long-term debt ..................................................................... Issue of bonds....................................................................................... Redemption of bonds............................................................................... Issue of convertible bonds......................................................................... Issue of common stock............................................................................ Purchase of treasury stock ......................................................................... Other, net ............................................................................................. Net cash provided by (used in ) financing activities .......................................... Effect of exchange rate changes on Cash and Cash Equivalents .............................. Net increase(decrease) in Cash and Cash Equivalents ............................................. Cash and Cash Equivalents at Beginning of Period ................................................ Cash and Cash Equivalents at End of Period (Note2(3)) ..........................................

2006 (5,997) 1,349 3,136 (227) 598 (33) 301 (25) 3 548 (393) 432 227 916 (110) (485) 240 45 (285) (166) (166)

2007 1,233 1,145 (257) (38) 410 (29) 110 296 67 360 (944) (246) 337 2,444 47 (371) (225) 1,895

(501) 501 (6) 275 (545) (1,240) 34 (66) (1,548)

(6) (587) 946 (101) 252

(51) (4,972) 8,014 (856) 2,135

(4,225) 4,000 (1,869) 2,432 (100) 1,995 (1) (0) 2,232 111 629 2,960 3,589

(2,150) 1,410 (2,076) 352 (536) 800 (1) (2) (2,203) 9 (47) 3,589 3,542

(18,213) 11,944 (17,586) 2,982 (4,540) 6,777 (9) (17) (18,662) 76 (398) 30,402 30,004

The accompanying notes are an integral part of these financial statements.

Notes to the Consolidated Financial Statements

TOWA CORPORATION AND CONSOLIDATED SUBSIDIARIES 1. Basis of presenting Consolidated Financial Statements TOWA CORPORATION (the "Company") and its domestic subsidiaries maintain their accounts and records in accordance with the provisions set forth in the Corporate Law of Japan and the Securities and Exchange Law and in conformity with accounting principles and practices generally accepted in Japan ("JPGAAP"), which are different, in certain respects from the application and disclosures and disclosure requirements of International Financial Reporting Standards ("IFRS"). The Company's overseas subsidiaries maintain their accounts and records in conformity with generally accepted accounting principles and practices prevailing in their respective countries of domicile. The accompanying consolidated financial statements of the Company are prepared on the basis of accounting principles generally accepted in Japan, as required by the Securities and Exchange Law of Japan. In preparing the accompanying consolidated financial statements, certain reclassifications and rearrangements have been made to the consolidated financial statements issued domestically in order to present them in a form which is more familiar readers outside Japan. The consolidated financial statements are not intended to present the consolidated financial position, results of operations and cash flows in accordance with the accounting principles and practices generally accepted in countries and jurisdictions other than Japan. The translation of the Japanese yen amounts into U.S. dollars is included solely for the convenience of the reader, using the approximate exchange rate at March 31, 2007, which was ¥118.05 to US$1.00. These convenience translations should not be construed as representations that the Japanese yen amounts have been, could have been, or could in the future be, converted into U.S. dollars at this or any other rate of exchange.

2. Summary of Significant Accounting Policies (1) Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries and affiliates. All significant inter-company transactions, account balances and unrealized profits have been eliminated in consolidation. Where the year-end of a subsidiary is different from that of the Company, necessary adjustments are made where any significant transactions are taken place between such different year-ends. Shown below are the significant subsidiaries and affiliates of the Company. Subsidiaries (All subsidiaries have been consolidated) Name BANDICK Corporation TOWATEC Co., Ltd. TOWA Service Co., Ltd. TOWAM Sdn. Bhd. TOWA Singapore Mfg Pte. Ltd. TOWA Asia-Pacific Pte. Ltd. TOWA Semiconductor Equipment Philippines Corporation TOWA-Intercon Technology, Inc. TOWA Europe GmbH TOWA (Shanghai) Co., Ltd. TOWA (Suzhou) Co., Ltd. TOWA TAIWAN Co., Ltd

Ownership 100% 100 100 100 100 100 100 100 100 100 100 100

Country of Incorporation Japan Japan Japan Malaysia Singapore Singapore Philippines The United States of America Germany China China Taiwan

Affiliates (All affiliates are accounted for by the equity method) Name TONGIJIN Corporation SECRON Co., Ltd. TOWA Jipal Technologies Co., Ltd. Scientific and Semiconductor Manufacturing Equipment Recycling Co., Ltd Ownership 50 % 23 40 20 Country of Incorporation Korea Korea Taiwan Japan

(2) Translation of Foreign Currency Items In accordance with the Japanese accounting standard, every monetary assets and liabilities denominated in foreign currencies are principally translated into Japanese yen at the exchange rate in effect at the balance sheet date. The foreign exchange gains and losses from translation are recognized in the statements of income. With respect to financial statements of overseas subsidiaries, the balance sheet accounts are translated into Japanese yen at the exchange rates in effect at the balance sheet date except for shareholders' equity, which are translated at the historical rates. And revenue and expenses are translated at the exchange rate in effect at the balance sheet date. The differences resulting from translation in this manner are included in "Translation adjustments" which is listed in Shareholders' Equity in the accompanying consolidated balance sheets. (3) Cash and Cash Equivalents For the purposes of cash flow statements, cash and cash equivalents comprise cash in hand, deposits held at call with banks, net of overdrafts and all highly liquid investments with maturities of three months or less. Components of cash and cash equivalents as of March 31, 2006 and 2007 are as follows: Thousands of U.S. dollars (Note 1) 2007 $30,004 $30,004

Millions of Yen 2006 2007 Cash on hand and at banks Less: Time deposits with deposit term of over three months Cash and cash equivalent at end of year ¥3,589 ¥3,589 ¥3,542 ¥3,542

(4) Securities Securities are classified into four categories. Categorization and valuation for investments in securities are as follows:1. Trading Securities Such securities held for the purpose of generating profits from short-term price movements. Unrealized gain/loss at the end of period resulting from the valuation by applying the fair value at such date is directly debited/credited to income; Such securities are treated in current assets in the balance sheet.

2. Held-to-maturity Debt Securities Debt securities whose maturity dates are predetermined and are to be redeemed at par, acquired with intention to hold to their maturity dates; The difference between the acquisition cost and the amount expected to gain at maturity is amortized or appreciated over the remaining period to maturity date. The amount amortized or appreciated is charged/credited to income for the respective period as interest expense or interest income, as the case may be. Unrealized loss will be required to be charged to income as impairment unless unrealized loss is expected to recover within a reasonable period. 3. Shares in equity of Subsidiaries and Affiliates Those securities are carried at cost unless such investment is regarded impaired. 4. Other Securities: Such securities other than those categorized in 1 to 3 above; Other Securities with market quotation are valued at such market price at the end of period, and those without market quotation are valued at cost. Unrealized gain/loss at the end of period resulting from such valuation is charged to shareholders' equity as "Unrealized gain/(loss) on Other Securities" after netting off the deferred income taxes thereto. Unrealized loss which it incurred as the fair value is less than 50% of its acquisition cost will be required to be charged to income. Unrealized loss which it incurred as the fair value is 30% ~50% of its acquisition cost will be required to be charged to income unless the unrealized loss is expected to recover within a reasonable period. The moving average method is applied for calculation of the costs of securities. (5) Inventories Inventories are mainly stated at the lower of cost or market, the cost being determined by mainly specific identification method for finished products and work-in-process, by mainly moving-average method for raw materials and by the last purchase cost method for supplies. (6) Allowance for Doubtful Accounts The Company and its domestic subsidiaries have provided the allowance based on the past uncollectible receivable experience for a certain reference period. Furthermore, for receivables which are from the debtors with financial difficulty, the allowance is provided for estimated unrecoverable amounts individually. Overseas subsidiaries have provided an allowance for doubtful accounts in the estimated amounts of possible bad debts. (7) Property, Plant and Equipment Property, plant and equipment are stated at cost. Depreciation for property, plant and equipment of the Company and its domestic subsidiaries is calculated by applying declining-balance method, except for buildings acquired on and after April 1, 1998 which are applied the straight-line method, over the estimated useful lives. The principal estimated useful lives are as follows: Buildings and structures 2 50 years Machinery and equipment 2 10 years Depreciation for those of overseas subsidiaries is computed by the straight-line method in accordance with the regulations of respective domicile countries.

On August 9, 2002, the Business Accounting Council of Japan issued new accounting standards entitled "Statement of Opinion on the Establishment of Accounting Standards for Impairment of Fixed Assets". Further, on October 31, 2003, the Accounting Standards Board of Japan issued Financial Accounting Standards Implementation Guidance No.6 - "Application Guidance on Accounting Standards for Impairment of Fixed Assets". These standards are effective from the fiscal years beginning April 1, 2005. The Company adopted these standards in the fiscal year ended March 31, 2006. As a result, income before income taxes and minority interest for the year ended March 31, 2006 decreased by 2,939 million yen, as compared with the amount which would have been reported if the previous standards had been applied consistently. The accumulated impairment loss is deducted from net book value of each asset. (8) Derivatives The Company has entered into foreign exchange agreements and interest rate agreements to hedge the fluctuation of foreign currency and interest rate exposures, and not for speculative purposes. The instruments include foreign currency forward contracts and interest rate swap agreements. These instruments were accounted by the deferral hedge accounting. The Company has accounted for foreign currency forward contracts by the designation accounting, and accounted for interest rate swap agreements by the exception accounting. (9) Product Warranties The Company has accounted for the estimate amounts of maintenance expenses as the product warranties, which corresponded to the sales based on the prior track record for the outcome of maintenance expenses of the sold products during the period of warranty. As of March 31, 2007, the liability for expected warranty costs was 86 million yen ($729 thousand) . (10) Accrued Bonus for Directors Effective from the year ended March 31, 2007, the Company applied "Accounting standard for directors' bonus" (Accounting Standard Board of Japan Statement No.4 issued on November 29, 2005 by the Accounting Standards Board of Japan). As a result of the application of this standard, operating profit, ordinary income and income before income taxes for the year ended March 31, 2007 decreased by ¥26 million($224 thousand), respectively. (11) Accrued Severance Indemnities 1) For employees Employees who terminate their service with the Company and its domestic subsidiaries are under most circumstances, entitled to lump-sum severance indemnities determined by reference to current basis rates of pay, length of service and conditions under which the terminations occur. Accrued severance indemnities are provided based on the amount of projected benefit obligation less pension plan assets at fair value at the end of the annual period. 2) For directors and corporate auditors The Company and its domestic subsidiaries provide for lump-sum severance benefits with respect to directors. While the Company has no legal obligation, it is a customary practice in Japan to make lump-sum payments to a director upon retirement. Annual provisions are made in the accounts for the estimated costs of this termination plan, which is not funded. Any amounts payable to officers upon retirement are subject to approval at the shareholders' meeting. In respect to the Company, this institution of allowance for severance benefits for directors and corporate auditors was resolved to abolish by the Board of Directors on March 31, 2006. (12) New bond issue expense The Company record the expenses incurred relating to new bond issues to be charged to income.

(13) New share issue expense The Company record the expenses incurred relating to new share issues to be charged to income.

(14) Research and Development Costs Research and development expenditure is charged to income when incurred. Expenditure relating to computer software developed for internal use is charged to income when incurred, except if it contributes to the generation of income or to future cost savings. Such expenditure is capitalized as an asset and is amortized using the straight-line method over its estimated useful life, which is within 5 years. (15) Leases Finance leases arrangements entered into by the Company and its domestic subsidiaries, other than those, which are deemed to transfer the ownership of the leased assets to lessees, are accounted for by the method similar to that applied to ordinary operating leases. For overseas subsidiaries, property leased under the capital lease arrangement is record as property, plant, equipment and other assets in the accompanying consolidated balance sheets. (16) Income Taxes Income taxes of the Company and its domestic subsidiaries consist of corporate income taxes, local taxes and enterprise taxes. Enterprise taxes are deductible when paid for the computation of other taxes. Deferred income taxes are recognized using the asset and liability approach, whereby deferred tax assets and liabilities were recognized in respect of temporary differences between the tax basis of assets and liabilities and those as reported in the financial statements. The Company also provides for the anticipated tax effect of future remittance of retained earnings from overseas subsidiaries and affiliated companies. (17) Appropriation of Retained Earnings Under the Japanese Corporate Law and the Articles of Incorporation of the Company, the appropriation of retained earnings or disposition of accumulated deficit could be adopted by the Board of Directors. The appropriations of retained earnings reflected in the accompanying consolidated financial statements include the results of such appropriations applicable to the immediately preceding financial year as approved by the Board of Directors, and effected, during the relevant year. Dividends are paid to shareholders on the shareholders' register as at the end of each financial year. (18) Per Share Information Net income per share and diluted net income per share are computed based on the weighted-average number of shares of common stock outstanding during each year and stock splits are reflected in the calculation of the weighted-average number of shares of common stock. Cash dividend per share is the total of the per-share amounts of interim cash distribution and the yearend cash dividends for the income of the respective financial periods.

3. Securities (1) The following is a summary of investments in affiliates and other securities at March 31, 2006: Millions of yen 2006 Unrealized gains ¥1,249 ¥1,249 Unrealized losses ¥2 ¥2 Book Value (Estimated fair value) ¥2,256 ¥2,256

Other securities: Market value available: Equity securities.......... Market value not available: Equity securities.......... Other securities total.....

Cost ¥1,009 ¥1,009

210 ¥1,219

¥1,249

¥2

210 ¥2,466

Investments in affiliates:

Millions of yen 2006 Book Value ¥852 ¥852 ¥3,318

Market value not available: Equity securities......... Total

(2) The following is a summary of investments in affiliates and other securities at March 31, 2007 Millions of yen 2007 Unrealized gains ¥1,023 ¥1,023 Unrealized losses ¥4 ¥4 Book Value (Estimated fair value) ¥2,035 ¥2,035

Other securities: Market value available: Equity securities Market value not available: Equity securities Other securities total

Cost ¥1,016 ¥1,016

212 ¥1,228

¥1,023

¥4

212 ¥2,247

Investments in affiliates:

Millions of yen 2007 Book Value ¥1,170 ¥1,170 ¥3,417

Market value not available: Equity securities......... Total

Thousands of U.S. dollars (Note 1) 2007 Unrealized gains $8,666 $8,666 Unrealized losses $34 $34 Book Value (Estimated fair value) $17,239 $17,239

Other securities: Market value available: Equity securities Market value not available: Equity securities Other securities total

Cost $8,607 $8,607

$1,796 $10,403

$8,666

$34

$1,796 $19,035 Thousands of U.S. dollars (Note 1) 2007 Book Value $9,910 $9,910 $28,945

Investments in affiliates:

Market value not available: Equity securities Total

4

Short-term Borrowings and Long-term Debt Short-term borrowings represent loans from banks and an insurance company. The annual average interest rates applicable to short-term borrowings at March 31, 2006 and 2007 are 1.9% and 3.0%, respectively. Long-term debt as of March 31, 2006 and 2007 consisted of the following: Thousands of U.S. dollars (Note 1) 2007 $55,282 5,930 3,388 6,777 2,745 1,313 17 (24,567) $50,885

Borrowings from financial institutions 0.9% Yen Bonds due 2010 1.1% Yen Bonds due 2011 0.8% Yen Bonds due 2011 1.6% Yen Bonds due 2011 Long-term installment payment for Purchase of machinery and equipment Capital lease payable Less: Portion due within one year

Millions of 2006 ¥7,189 900 500 1,000 218 4 (2,586) ¥7,225

en 2007 ¥6,526 700 400 800 324 155 2 (2,900) ¥6,007

The aggregate annual maturity of long-term debt after March 31, 2007 is summarized as follows: Thousands of U.S. dollars (Note 1) Years ending March 31, Millions of en 2008 ¥2,402 $20,347 2009 1,783 15,104 2010 1,605 13,596 2011 and thereafter 217 1,838 ¥6,007 $50,885 The Company's assets pledged as collateral for short-term borrowings and long-term debt were as follows: Thousands of U.S. dollars Millions of Yen (Note 1) 2006 2007 2007 Principal of debt: Short-term borrowings ¥247 ¥170 $1,440 Portion due within one year 765 606 5,133 Long-term borrowings 899 443 3,753 ¥1,911 ¥1,219 $10,326 Assets pledged as collateral: Land Buildings

¥2,616 3,774 ¥6,390

¥2,586 3,455 ¥6,041

$21,906 29,267 $51,173

Regarding loan payables, the syndicate loan contract with limit of ¥4,000 million yen($33,884thousand) and commitment line contracts with limits of ¥ 2,500 million yen ($ 21,177 thousand), respectively include financial covenant terms. The contractor triggers acceleration and is enforced to repay the full principal and interest if the contractor breaches either of the following terms. (Financial covenant terms included in the syndicated loan contract and commitment line contract) (1) The amount of shareholder's equity on the consolidated and non-consolidated balance sheets at the end of each fiscal year and each semiannual period must be maintained at 60 % or more of the same respective period in the previous year, and 60 % or more of the shareholder' equity on the consolidated and non-consolidated balance sheet of the fiscal year ended March 31, 2004. (2) The ordinary losses in both consolidated and non-consolidated statements of income for each fiscal year must not be existed in two successive periods after the fiscal year ended March 31, 2005. 5. Accrued Severance Indemnities for employees The following tables set forth the changes in benefit obligation, plan assets and funded status of the Company and its subsidiaries at March 31, 2006 and 2007. Thousands of U.S. dollars Millions of Yen (Note 1) 2006 2007 2007 Projected benefit obligation at end of year ¥1,437 ¥1,485 $12,579 Fair value of plan assets at end of year 713 792 6,709 Funded status: Benefit obligation in excess of plan assets 724 693 5,870 Unrecognized actuarial loss 8 (19) (161) Accrued pension liability recognized in the Consolidation balance sheets ¥716 ¥712 $6,031 Note: Some subsidiaries adopted the alternative method of accounting for retirement benefit allowable for small business entity under the new accounting standards. Severance and pension costs of the Company and its subsidiaries included the following components for the year ended March 31, 2006 and 2007. Thousands of U.S. dollars Millions of Yen (Note 1) 2006 2007 2007 Service cost ¥100 ¥136 $1,152 Interest cost 23 26 $220 Expected return on plan assets (12) (16) (136) Amortization: Unrecognized projected benefit obligation at the date of adoption Actuarial losses Net periodic benefit cost 7 ¥118 (15) ¥131 (127) $1,110

Assumption used in the accounting for the defined benefit plans for the year ended March 31, 2006 and 2007 are as follows: 2006 2007 Method of attributing benefit Straight ­line basis Straight ­line basis to periods of service Discount rate 2.0% 2.0% Long-term rate of return on fund assets 2.2% 2.2% Amortization unrecognized projected Benefit obligation at the date of transition Amortization period for actuarial losses 15years(declining15years(decliningbalance basis) balance basis)

6. Shareholders' Equity Under the Japanese Corporate Law the appropriation of retained earnings or disposition of accumulated deficit could be adopted by the Board of Directors. The Japanese Company Law requires that amounts equal to 10% of interim cash dividend and 10% or more of cash dividends and other appropriations of retained earnings paid out with respect to each financial period be set aside in the legal reserve until an aggregate amount of additional paid-in capital and the legal reserve equals 25% of the amount of stated capital. The amount of total additional paid-in capital and legal reserve which exceeding 25% of stated capital can be transferred to retained earnings by a resolution of the shareholders, which may be available for dividends. Under the Japanese Corporate Law, although the entire amount of the issue price of new shares is required to be accounted for as common stock a company may, by resolutions of its Board of Directors, account for an amount not exceeding one-half of the issue price of such new shares as additional paid-in capital. Effective from the year ended March 31, 2007, the Company has applied "Accounting standards for presentation of net assets in the balance sheet (Accounting Standards Board of Japan Statement No.5)", and "Implementaion guidance for Accounting standards for presentation of net assets in the balance sheet (Accounting Standards of Japan Guidance No.8)" both issued by the Accounting Standard Board of Japan on December 9, 2005. The amounts corresponding to the conventional "Shareholders' equity" in the balance sheet is ¥14,941million($126,565 thousand). "Net assets" in the balance sheets for this year is presented according to the revision of "Regulations concerning the Terminology, Form and Presentation Methods of Consolidated Financial Statements" dated on April 25, 2006.

7. Research and Development Costs Research and development costs charged to income for the years ended March 31, 2006 and 2007 were ¥565million and ¥357million ($3,024 thousand), respectively.

8. Loss on impairment of fixed assets The Company has recognized impairment loss of 3,136 million yen in the income statement of 2006, for the following group of assets as of March 31, 2006. Location Headquarter (Kyoto, Japan) Use Equipment for administration, sales and development Manufacturing plant for semiconductor equipment Equipment for development Manufacturing plant for precision mold. Manufacturing plant for precision mold. Equipment for research and development Manufacturing plant for semiconductor equipment and precision mold Manufacturing plant for semiconductor equipment Category Land, Building, Machinery and equipment 1,405 Land, Building, Machinery and equipment 596 Land, Building, Machinery and equipment Land, Building, Machinery and equipment Building 235 52 Impairment loss (millions of yen)

Kyoto East Plant (Kyoto, Japan) Kyusyu Plant (Saga, Japan) Bandoh Memorial Reserch Laboratory TOWA Singapore Mfg. Pte. Ltd TOWA-Intercon Technology, Inc.

723 Land ,Building 125

The Company and its subsidiaries assessed impairment of each group of assets, which are grouped on the basis of segment by products for domestic companies and by location for foreign subsidiaries. Therefore, due to the decline in real estate value and poor performance of assets, operating profitability has worsened substantially, the Company, TOWA Singapore Mfg. Pte. Ltd and TOWA-Intercon Technology, Inc have decided to write off the book value of assets down to the recoverable value, and accrued impairment loss as above, which comprises of land ¥993million,building¥1,868milion,machinery ¥275million. The recoverable value is determined as value in use which is calculated as future cash flow discounted by 2.6% for the Company, and as net selling price based on its appraisal value by real-estate appraiser for TOWA Singapore Mfg. Pte. Ltd and TOWA-Intercon Technolory, Inc.

9. Loss on discontinuing operation and restructuring The contents of loss on discontinuing operation and restructuring in the income statements of 2006 are losses on getting out of Wafer Scrubber system business, Bonding system business and cost of restructuring for overseas subsidiaries.

10. Loss on subsidiaries liquidation The contents of loss on subsidiaries liquidation are losses on liquidation of TOWA Singapore Mfg.Pte.Ltd. TOWA Singapore Mfg.Pte.Ltd is in process of liquidation.

11. Loss on prior period adjustments The contents of loss on prior period adjustments in the income statements of 2006 are adjustment on prior year revenue recognition of ¥119million and adjustment on inventory valuation of ¥117million.

12. Income Taxes The company is subject to a number of different income taxes, which in the aggregate, result in a statutory tax rate in Japan of approximately 39.8% for the years ended of March 31, 2006 and 2007.

Reconciliation between the Japanese effective statutory tax rate and the Company's tax rate is as follows: 2007 Statutory tax rate.................................. 39.8 % Non-deductible expenses........................... 4.8 Loss in subsidiaries........................... (4.3) Loss on decrease of valuation reserve...... (19.6) Other,net............................................ (5.1) Effective income tax rate 15.8 Reconciliation on the statutory tax rate and the effective income tax rate for the year ended March 31,2006 is omitted due to accounting net loss at the fiscal year.

The deferred tax assets and deferred tax liabilities at March 31, 2006 and 2007 are as follows: Thousands of U.S. dollars (Note 1) Millions of en 2006 2007 2007 Deferred tax assets: Inventory write down ¥603 ¥512 $4,337 Impairment loss of fixed assets 828 751 6,362 Retirement and severance benefits 244 239 2,025 Net operating loss carried forward 3,304 2,830 23,973 Revaluation loss of stock of 1,039 affiliated company Other, net 1,230 1,045 8,852 Valuation Allowance (7,190) (5,310) (44,981) 58 67 568 Deferred tax liabilities: Special tax purpose provision (12) (5) (42) Other, net (486) (397) (3,363) (498) (402) (3,405) Net deferred tax assets/(liabilities) ¥(440) ¥(335) $(2,837)

13. Leases The Company and its consolidated subsidiaries and equity method affiliates have been utilizing finance lease arrangements other than those deemed to transfer the ownership of the leased property to the lessee to employ certain machinery and equipment. Total lease payments for such lease arrangements for the year ended March 31, 2006 and 2007 are ¥26million and ¥21 million ($178 thousand), respectively. Summarized below are the pro forma information on acquisition costs, accumulated depreciation and future minimum lease payments for the property held under such lease as mentioned above:

As of March 31, 2006 Millions of yen Machinery And Equipment ¥45 41 ¥4

Acquisition costs Accumulated Depreciation Net leased property

Software ¥15 12 ¥3

Other ¥59 35 ¥24

Total ¥119 88 ¥31

As of March 31, 2007 Millions of yen Machinery And Equipment ¥ ¥ -

Acquisition costs Accumulated Depreciation Net leased property

Software ¥5 5 ¥0

Other ¥42 24 ¥18

Total ¥47 29 ¥18

Thousands of U.S. dollars (Note 1) Machinery And Equipment $ $ -

Acquisition costs Accumulated Depreciation Net leased property

Software $42 42 $ 0

Other $356 203 $153

Total $398 245 $153

Future minimum lease payments as of March 31, 2006 and 2007: Thousands of Millions of yen U.S. dollars (Note 1) 2007 2007 ¥10 $85 8 68 ¥18 $153

Due within one year Due after one year Total

Millions of yen 2006 ¥20 11 ¥31

Depreciation is calculated by the straight-line method on the assumption that the term of the lease is useful life of the relevant leased asset and residual value is zero. Depreciation expense, which is not reflected in the accompanying consolidated statements of income, would have been ¥26 million and ¥21 million ($178 thousand) for the year ended March 31, 2006 and 2007, respectively.

14. Contingent Liabilities The Companies have no significant contingent liabilities.

15. Segment Information (1) Segment by products Year ended March 31, 2006 Millions of en Elimination/ Unallocated Assets ¥(598) ¥598

Semiconductor equipment .Sales and operating income Net sales to customers Inter-segment sales Cost of sales and Operating expenses Operating income .Assets Total assets Depreciation and amortization Impairment loss Capital expenditure ¥18,480 18,480 21,636 ¥(3,156)

Fine plastic mold ¥1,161 1,161 1,017 ¥144

Consolidated

¥19,641 19,641 22,055 ¥(2,414)

¥35,246 ¥1,260 ¥3,136 ¥1,029

¥1,356 ¥90 ¥50

-

¥36,602 ¥1,350 ¥3,136 ¥1,079

Year ended March 31, 2007

Millions of

en Elimination/ Unallocated Assets ¥¥-

Semiconductor equipment .Sales and operating income Net sales to customers Inter-segment sales Cost of sales and Operating expenses Operating income .Assets Total assets Depreciation and amortization Capital expenditure ¥23,628 23,628 22,591 ¥1,037

Fine plastic mold ¥1,532 1,532 1,345 ¥187

Consolidated

¥25,160 25,160 23,936 ¥1,224

¥33,611 ¥1,030 ¥578

¥1,315 ¥115 ¥126

-

¥34,926 ¥1,145 ¥704

Year ended March 31, 2007

Thousands of U.S. dollars (Note 1) Elimination/ Unallocated Assets $$-

Semiconductor equipment .Sales and operating income Net sales to customers Inter-segment sales Cost of sales and Operating expenses Operating income .Assets Total assets Depreciation and amortization Capital expenditure $200,152 200,152 191,369 $8,783

Fine plastic mold $12,978 12,978 11,393 $1,585

Consolidated

$213,130 213,130 $202,762 $10,368

$284,719 $8,725 $4,896

$11,139 $974 $1,067

-

$295,858 $9,699 $5,963

(2) Segmented by geographical location of activities Year ended March 31, 2006 Millions of North America ¥3,139 554 3,693 5,160 ¥(1,467) ¥4,564 Millions of North America ¥3,306 855 4,161 5,015 ¥(854) ¥2,829 en Elimination/ Unallocated Assets Consolidated ¥(5,210) (5,210) (5,868) ¥658 ¥(4,438) ¥19,641 19,641 22,055 ¥(2,414) ¥36,602

Japan .Sales and operating income Net sales to customers Inter-segment sales Cost of sales and Operating expenses Operating income(loss) .Assets Year ended March 31, 2007 ¥16,340 248 16,588 17,877 ¥(1,289) ¥30,817

Asia ¥157 4,335 4,492 4,831 ¥(339) ¥5,586

Others ¥5 73 78 55 ¥23 ¥73 en

Japan .Sales and operating income Net sales to customers Inter-segment sales Cost of sales and Operating expenses Operating income (loss) .Assets ¥21,273 238 21,511 19,672 ¥1,839 ¥31,290

Asia ¥548 6,227 6,775 6,392 ¥383 ¥5,761

Others ¥33 56 89 77 ¥12 ¥97

Elimination/ Unallocated Assets Consolidated ¥(7,376) (7,376) (7,220) ¥(156) ¥(5,051) ¥25,160 ¥25,160 23,936 ¥1,224 ¥34,926

Year ended March 31, 2007

Japan .Sales and operating income Net sales to customers Inter-segment sales Cost of sales and Operating expenses Operating income (loss) $180,203 2,016 182,219 166,641 $15,578

Thousands of U.S. dollars (Note 1) Elimination/ North Unallocated Asia America Others Assets Consolidated $4,642 52,749 57,391 54,147 $3,244 $28,005 7,243 35,248 42,482 $(7,234) $280 474 754 652 $102 $(62,482) (62,482) (61,160) $(1,322) $213,130 $213,130 202,762 $10,368

.Assets (3) Sales by region

$265,058

$48,801

$23,964

$822

$(42,787)

$295,858

Year ended March 31 Japan Overseas Asia North America Other Overseas total Consolidated sales

Millions of en 2006 2007 ¥3,303 ¥7,653 15,644 579 115 16,338 ¥19,641 16,743 543 221 17,507 ¥25,160

Thousands of U.S. dollars (Note 1) 2007 $64,828 141,830 4,600 1,872 148,302 $213,130

16. Related party transaction (1) Directors and Individual Major Shareholders

Pw

Relationship

Name

Holding rate of Voting rights

Type of Transaction (Notes)

Amounts of transaction (Millions of Yen) (Thousands of U.S. dollars)

Chairman and Acceptance of CEO of the Kazuhiko Bando 8.4% ¥800 $6,777 new stock issue Company Notes New stock issue is allocation of new shares to a third party which was approved at the meeting of board of directors of the Company on March 31 2006.

Corporate Information

as of June 28, 2007 Corporate Data Corporate Name: Headquarters/Factory: TOWA CORPORATION 5 Kamichoshi-cho, Kamitoba, Minami-ku, Kyoto 601-8105, Japan Eatablished: Operations: April 17, 1979 Develop, design, manufacture, and sell precision molds, manufacturing systems for electronic components, inspection systems for electronic components, precision-molded and assembly products, medical-use equipment, and electronic-communications equipment. Other related business. President & COO Yoichi Kawahara Board of Directors Chairman & CEO Kazuhiko Bandoh

Directors Hisao Nishimura Hirokazu Okada Tsuyoshi Amakawa Makoto Fukutomi

Paid-in Capital: Common Stock Authorized: Issued Number of Shares: Unit for Trading: Stock Listings:

¥8,932,627,777 Standing Corporate Auditor 80,000,000 25,021,832 100 First Section of the Tokyo Stock Exchange First Section of the Osaka Securities Exchange Coporate Auditors Masanori Sugiyama Katsuhiro Ueyama Mitsuhiko Inaba

Transfer Agents: Fiscal Year: Number of Employees: URL: Subsidiaries and Affiliated Companies:

Mizuho Trust & Banking Co., Ltd From April 1 to March 31 448 http://www.towajapan.co.jp BANDICK Corporation TOWATEC Co., Ltd. TOWA Service Co., Ltd. TOWAM Sdn. Bhd. TOWA Asia-Pacific Pte. Ltd. TOWA Semiconducter Equipment Philippines Corporation TOWA-Intercon Technology, Inc. TOWA Europe GmbH TOWA (Shanghai) Co., Ltd. TOWA (Suzhou) Co., Ltd. TOWA TAIWAN Co., Ltd TONGJIN Corporation SECRON Co., Ltd. TOWA-Jipal Technologies Co., Ltd. Scientific and Semiconductor Manufacturing Equipment Recycling Co., Ltd

5 Kamichoshi-cho, Kamitoba, Minami-ku, Kyoto 601-8105, Japan TEL (075) 692-0250 FAX (075) 692-0270

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