With the lingering IT recession and worldwide economic slump showing little or no signs of an early recovery, it became necessary for the Yamatake Group to adopt new management measures for further business expansion. The Group announced the following structural reforms to take effect on April 1, 2003:

• Merge Yamatake Corporation, Yamatake Building Systems, Co., Ltd., and Yamatake Industrial Systems, Co. Ltd.
• Adopt the In-house Company System for Group management

Through these structural changes, the Group aims to strengthen the profit base of its 3 Core businesses (BA, IA, CP) as well as develop and expand its Strategic businesses (International, New) into our fourth and fifth core businesses.