Investor Presentaiton

0 1977 50 60 40 40 30 30 20 20 10 Total Hot-air nights over 25°C and there transition in major cities in Japan g-vlagg Osaka Tokyo Nagoya Osaka shows steep increase than other cities. •Average Temperature of mid-summer night in Osaka is much higher than Tokyo(~2°C) Yokohama 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 Data from Meteorological Agency 5

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