Announcement on Dissolution of NACHI's Subsidiary


Nachi-Fujikoshi Corp. dissolved its 100 % owned subsidiary, FUJIKOSHI Misawa Homes Co., Ltd., which specialized in construction and sales of housing, withdrawing completely from housing business.

1.Outline
Company name: FUJIKOSHI Misawa Homes Co., Ltd.
Head Office: Toyama-city in Toyama
Capital: 50 million yen
Main Business: May, 1972
Shareholders: 100% owned subsidiary of Nachi-Fujikoshi Corp.

2. Time schedule
The liquidation of the company will be competed by August in 2007.

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