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This report describes the business results, business environment and major achievements of Shimojima Co., Ltd. during the 2005 fiscal year (fiscal year ending March 31, 2006).During the period under review, net sales were \42,731 million, ordinary income was \3,961 million and net income totaled \2,263 million.
In accordance with its firm policy of returning value to shareholders, the Company distributed a year-end dividend of \17.50 per share. The Company also distributed an interim dividend of \12.50 per share in December 2005, bringing total dividends distributed in the period to \30 per share.
As ever, the directors of Shimojima are committed to serving customer needs through the development, retail sale and direct sale of excellent products. We are reinforcing the strength of our sales network in a bid to deliver better business results than ever. In confronting these challenges, I ask you, the shareholders, once more for your continued support, understanding and encouragement. |
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| Wako Shimojima |
| CEO |
Shimojima Co., Ltd. |
| June 2006 |

| Shimojima's securities reports, interim reports, special reports and status reports on purchase of treasury stock are published on EDINET, an electronic system for publication of securities reports and other documents whose disclosure is required under the Securities and Exchange Law. |
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| To check the current price of Shimojima shares, visit the website of the Daiwa Institute of Research by clicking the link below. |
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