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                                    | We introduced the first fully automatic 
                                      rotary soft capsule encapsulation machine 
                                      from overseas to Japan at our facilities 
                                      upon our establishment in October 1968. 
                                      Today, there are ten encapsulation machine 
                                      lines in operation, and we proudly represent 
                                      the largest scale operation in Japan. Working 
                                      towards our corporate philosophy statement, 
                                      "Taking a role in the battle between 
                                      humankind and illnesses by providing high 
                                      quality, easy-to-take soft capsule formulation," 
                                      we engage in research and development as 
                                      the leading pharmaceutical soft capsule 
                                      manufacturer in the industry. |  |  |  |  |   
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                                  | Our patented succinated gelatin 
                                    soft capsule has received outstanding reviews 
                                    for its significant improvement in soft capsule 
                                    quality. Recently, NC-CAP, an improved non-stick 
                                    type soft capsule, has been developed. With 
                                    the development of technology such as a chewable 
                                    soft capsule (patent no. 3261331), which is 
                                    an extension of our technology, the reputation 
                                    of our drug research and development has become 
                                    well known. By utilizing this technology, we collaborate 
                                    with our customers to customize products and 
                                    lead our own research and development of prescription 
                                    and non-prescription pharmaceutical products 
                                    in order to better manufacture drugs. Technical 
                                    Research Laboratory, which is the first of 
                                    its kind in the soft capsule industry, is 
                                    also a GMP-accredited plant, which is a requirement 
                                    for research and development of new drug products.
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                            | In order to achieve stable 
                              supply of high quality soft capsules, manufacturing 
                              process improvement is an issue we continue to deal 
                              with, as well as improvement of quality and production 
                              cost efficiency. A state of the art production facility 
                              equipped with our advanced technology demonstrates 
                              an efficient control system that enables us to meet 
                              high-level GMP requirements and provide satisfactory 
                              services to a number of our customers. |  |  |  |   
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