Komori Reports on Conditions and Disaster Countermeasures in Japan

TOKYO, JAPAN—March 18, 2011—We would like to report on the current conditions of and disaster countermeasures taken by Komori after the greatest earthquake on record in Japan, the center of which was in the Pacific Ocean close to the Tohoku area at 14:46 on March 11, 2011.

The energy level of the earthquake (magnitude of 9.0) was the greatest on record in Japan and also the 4th biggest in the world. As time goes on, the number of victims and missing persons is increasing. Also, the extent of the damage is becoming more apparent. They are beyond our imagination and our hearts are seriously torn.

We, at Komori Corporation, are strengthening our support for servicing presses and equipment used by our customers in the afflicted areas.

Condition Report
1. Established the Disaster Countermeasures Office
Just after the earthquake on March 11, Komori established the Disaster Countermeasures Office (headed by Mr. Yoshiharu Komori, CEO) to inspect the conditions of our customers, partner companies and Komori employees.

2. Condition of our production facilities
The damages to plant facilities’ functions and safety have been checked at both the Tsukuba Plant and Komori Machinery. The damage on March 11 seems to have been minimal and will not affect our provisional production. However, in the case of our partner companies mainly in the Tohoku area, most of them had serious damage and can neither produce nor supply parts constantly for us. We need to stop our production temporarily at both factories until March 18 to learn details of partners’ conditions as they relate to the constant supply of parts. We will continue our efforts to communicate with them and implement necessary measures.

3. Responses of service activities
The district hit by the earthquakes is very wide including the Tohoku, Kanto and Kohshin-etsu areas. For the Tohoku area, the Tohoku service team has started to work on reconstruction assistance.

In the Kanto and Kohshin-etsu areas, the Tokyo, Saitama and Sagami service teams are working on checking conditions and reconstruction assistance.

In addition to the above, service teams from other areas have gathered in Tokyo and are working on service similar to that noted above.

Komori Corporation conducted quick reconstruction assistance for our customers in disasters of extreme severity such, as the Miyagi-ken-oki earthquake (1978), the Hanshin Awaji earthquake (1995) and the Niigata-ken Chuetsu earthquake. We, Komori Corporation, would like to work in full cooperation to assist our customers who have suffered damage in this earthquake.

Report for disaster countermeasures from March 11 through 15, 2011
The following is a list of our disaster countermeasures.

Over 100 members of the disaster countermeasures team and the disaster information and administration team are working now.

Confirmed number of damaged customers and presses as of March 15, 2011:
Tohoku area, Kanto area and other areas: Total 172 customers / 445 presses

Conditions of damaged presses at customers
Between March 11 and 15, our team checked the displacement and leveling of press, electrical conditions and so forth by phone and on site. Over 10 presses were displaced by up to 30cm by the earthquake. That number is the maximum in our current inspection. Displacement between units, water leaks, broken motors and so forth were also reported. The Komori team is working to reconstruct damaged presses and equipment one by one.

Source: company release.