Investor Presentaiton

東京大学 THE UNIVERSITY OF TOKYO Summary 2009 IUFRO Japan (Owari, T.) 2010/08/18 22 Production Product (% m³) Price (USD/m³) Sales (% JPY) End-use Unit of end- product Stumpage 86 30-40 49 (mixed) Pulpwood 6 50-80 5 Paper Biomass Fiber (ton) Construction Sawlog 7 180-300 24 Solid (m³) Furniture Fancy log 1 1,600-17,400 22 Decoration Veneer (m²)

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