Explanation of Yamashin's Business Plan for the 48th Period

Yamashin wishes begin by expressing our deepest appreciation for everyone's exceptional
support throughout the history of our company.

At the end of September 2002, Yamashin concluded our 47th year of business. We have
experienced many triumphs and many difficulties since our company's establishment in
1958, and we have all of our customers and business associates to thank for their warm
support and encouragement which has been vital in shaping our company as it is today.

Yamashin Group holds our "Business Plan Explanation" meeting at the end of every
business year (normally in the middle of September each year). This year's business plan
PowerPoint presentation was delivered by President Atsuhiko Yamazaki.

In attendance at this year's meeting were our honored guests from Mitsui-Sumitomo Bank,
Jyounan Sinyou Bank, as well as employees from Yamashin Japan, Yamashin America, 
Yamashin Cebu, Yamashin Europe, and also from Yamashin Thai, which began operation 
on September 27th of this year. This varied collection of people from around the world gave
this meeting a truly international flavor.

The members of Yamashin remain committed to do our collective best to serve our valued
customers and business associates now and into the future.


1. Meeting Date:  September 13, 2002 (Friday)
2. Location: Shin Yokohama Kokusai Hotel
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Photos

Meeting Photos

Party Photos

Contact Information

Phone: 045-311-1071(Japan)
Fax: 045-311-2097(Japan)
E-mailF yasuhiko_shimizu@yamashin-filter.co.jp
Contact Person: Yasuhiko Shimizu