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Press Release

January30, 2004
Torii Pharmaceutical Co., Ltd.
Outside Contract of Distribution Work
Torii Pharmaceutical Co., Ltd.("Torii"; Head Office: Chuo-ku, Tokyo. President: Norihiko Matsuo) has today (30 Jan. 2004) agreed with Mitsubishi Logistics Corporation. ("MLC"; Head Office: Chuo-ku, Tokyo. President: Naoshi Ban) to the arrangement that Torii will entirely contract distribution work related to Torii's pharmaceutical products with MLC.

Torii's two distribution centers, one in Sakura, Chiba Prefecture, and the other, in Ibaragi, Osaka Prefecture, will be transferred to the distribution centers (Yashio, Saitama Prefecture, and Ibaragi, Osaka Prefecture) owned and operated by MLC. Taking this opportunity, Torii will contract to MLC all the work of receipt and storage of Torii's pharmaceutical products and their distribution to the wholesalers.

This contract arrangement will enable Torii to avoid new expenditure for facilities, reduce distribution cost, and to improve the distribution service through,e.g. shortening of lead-time for distribution.


Corporate Profile of Mitsubishi Logistics Corporation.

Date of establishment: April 1887
Location of Head Office: 19-1 Nihonbashi 1-Chome, Chuo-ku, Tokyo
Representative: Naoshi Ban, President
Capital: ¥15,495 million. (as of March 31, 2003)
Business: Warehousing; Harbor transportation; Land transportation; Marine transportation; Handling of land, marine and air transportation and related agency business; Combined transportation by land, sea and air, as well as brokerage and agency business related thereto; Customs brokering; Buying, selling and leasing of transportation and loading equipment, and agency business related thereto ; Developing and selling of logistics information systems and related operation and management etc.
Buying, selling, leasing, intermediary business and management of real estate; Contracting of construction work, its design and supervision; Operation of parking lots etc.

Corporate Profile of Torii Pharmaceutical Co., Ltd.

Date of establishment: November 1921
Location of Head Office: 4-1 Nihonbashi 3-Chome, Chuo-ku, Tokyo
Representative: Norihiko Matsuo, President
Capital: ¥5,190million (as of March 31,2003)
Business: Production, sales, import and export of pharmaceutical products, medical devices, and reagents, and real estate (rental) business.

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