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Jul. 1, 2010
Notice Concerning Change in Executives
Notice Concerning Change in Executives
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May. 31, 2010
Notice of Determination of Exercise Price of Stock Options(Stock Acquisition Rights)
Notice of Determination of Exercise Price of Stock Options(Stock Acquisition Rights)
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May. 28, 2010
Notice of Partial Amendments to Articles of Incorporation
Notice of Partial Amendments to Articles of Incorporation
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May. 28, 2010
Notice of Issuance of Stock Options (Stock Acquisition Rights)
Notice of Issuance of Stock Options (Stock Acquisition Rights)
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May. 28, 2010
Notice of Issuance of Stock Options (Stock Acquisition Rights)
(Submission of the Proposal at the Annual General Meeting of Shareholders)
Notice of Issuance of Stock Options (Stock Acquisition Rights)
(Submission of the Proposal at the Annual General Meeting of Shareholders)

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May. 28, 2010
Notice Concerning Addition to Financial Material (Change in Executives)
Notice Concerning Addition to Financial Material (Change in Executives)
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May. 19, 2010
Notice of Difference between Business Forecasts and Actual Performance for the Year Ended March 2010
Notice of Difference between Business Forecasts and Actual Performance for the Year Ended March 2010
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May. 19, 2010
Summary of Business Results for the Year Ended March 31, 2010
Summary of Business Results for the Year Ended March 31, 2010
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Apr. 28, 2010
Notice Concerning Appointment of Executive Officer
KITO Corporation will elect the following person for a new executive officer effective May 1, 2010.
Notice Concerning Appointment of Executive Officer
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Mar. 30, 2010
Announcement concerning the change of main shareholders and top shareholders
Announcement concerning the change of main shareholders and top shareholders
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Mar. 26, 2010
KITO Corporation and KONECRANES PLC held a signing ceremony for a "Business and Capital Alliance Agreement".
On March 23, 2010, Kito Corporation and KONECRANES PLC reached an agreement on “Business and Capital Alliance Agreement”, and the Presidents of both companies signed it.
Upon formation of the business and capital alliance, KITO and KONECRANES will pursue the growth of each enterprise value in the global market through complementary cooperation between the two to boost the synergy of the alliance while at the same time retaining independence based on mutual respect and equal partnership.

  ※ As for details, please refer to the press release;
    Notification on Business and Capital Alliance with KONECRANES Plc (Finland)
    posted on our website dated on March 23, 2010.
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Attend a signing ceremony, Yoshio Kito, President&CEO, KITO Corporation (Left).
Pekka Lundmark, President&CEO, KONECRANES PLC (Right).

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Mar. 25, 2010
Notice Concerning Changes in Personnel
KITO Corporation will make the following changes to its personnel on April 1,2010.
Notice Concerning Changes in Personnel
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Mar. 24, 2010
Results of Acquisition of Own Shares through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)
Results of Acquisition of OwnShares
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Mar. 23, 2010
Expected Changes in Major Shareholders, Largest Shareholder and Other Affiliated Companies
Expected Changes in Major Shareholders, Largest Shareholder and Other Affiliated Companies
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Mar. 23, 2010
Acquisition of Own Shares, and Acquisition of Own Shares through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)
Acquisition of Own Shares, and Acquisition of Own Shares through Off-Auction Own Share Repurchase Trading System (ToSTNeT-3)
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Mar. 23, 2010
Business and Capital Alliance with Konecranes Plc (Finland)
Business and Capital Alliance with Konecranes Plc (Finland)
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Mar. 23, 2010
Strategic partnership with KONECRANES PLC, Helsinki, Finland
Strategic partnership with KONECRANES PLC, Helsinki, Finland
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Feb 19, 2010
JIANGYIN KITO CRANE CO., LTD. Commended as the FY2009 China Good Faith Enterprise
Just as last fiscal, JIANGYIN KITO CRANE CO., LTD.: KITO Group Company was selected as the FY2009 China Good Faith Enterprise in recognition of its outstanding accomplishments. The recipients were selected from among the companies recommended by the federation and organizations of enterprise at provincial level and by municipalities with province-level status. The evaluation criteria included integrity-oriented management philosophy and social contribution, in addition to outstanding business records.

Kito Group is honored to receive this award, and we will continuously strive to run our business with social responsibilities and prosper further in the global market.

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Feb 16, 2010
Introduction of the KITO Wireless System
KITO Corporation is constantly upgrading its product lineup and developing new models in order to meet an even more diverse range of customer requirements.

To target expected growth in the market for cranes with wireless control, KITO has launched initial sales of the KITO Wireless System in Japanese market ahead of other countries.

1) Name of product
KITO Wireless System

2) Main features
a) safety
・ The relay contacts, push-button contacts and data processing are duplicated so the crane can be stopped even if a switch malfunctions.
・ Prevents erroneous operations by incorporating high-quality wireless communication technologies and an error detection capability.

b) Durability
・ Designed to minimize the likelihood of a malfunction. A textile-reinforced resin case contributes to high drop impact resistance. Furthermore, both the transmitter and receiver meet IP65 standards for resistance to water and dust.

c) Ease of operation
・ A shoulder belt allows operators to use the crane for a long periods of time with minimal fatigue. Furthermore, the transmitter can be worn on the operator’s back so that both of the operator’s hands are free for slinging and other tasks.

d) Economical
・ Maintenance costs will be reduced because the transmitter is very reliable and resistant to shocks when the unit is dropped.
・ The battery can be replaced with one-touch ease, using the spare battery included in the package. This facilitates uninterrupted operation of the hoist and means there is no need for a spare transmitter.

3) Models
a) MK06S Single speed 6 push buttons
b) MK06D Dual speed 6 push buttons
* Customers can also select specialized models with 8, 10 or 12 push buttons.

 

Feb 16, 2010
Summary of Business Results for the Third Quarter Ended December 31, 2009
Summary of Business Results for the Third Quarter Ended December 31, 2009
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Jan 29, 2010
Notice Concerning Changes in Personnel
KITO Corporation will make the following changes to its personnel on February 1,2010.
Notice Concerning Changes in Personnel
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Jan 26, 2010
New wire rope hoist "HK hoist series" is launched in Chinese market
KITO CORPORATION announces the release of the new wire rope hoist 'HK hoist series'. This latest product will be introduced first to Chinese market.
1. Product Name : HK hoist
(See the picture below of:3.2 ton ultra low headroom model)

2. Features
Safety : Dual speed control provides safety during lifting and unloading operations.
Long-life brake : Electronic control device prolongs the brake life.
Operability : Built-in encoder enables to set upper and lower limits at given position.
Operation History Management Function : This enables to carry out maintenance based upon the frequency of use.
3. Production base and selling model
Production base : JIANGYIN KITO CRANE CO., LTD
Selling model : Sales through dealers with 2 consolidated subsidiaries' dealer network
・ JIANGYIN KITO CRANE CO., LTD
・ SHANGHAI KITO TRADING CO., LTD

4. Capacity
Normal Models : 1.6ton, 3.2ton, 5ton, 10ton
Low Headroom Models : 3.2ton, 6.3ton
 

Nov 12, 2009
Summary of Business Results for the Second Quarter Ended September 30, 2009
Summary of Business Results for the Second Quarter Ended September 30, 2009
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Apr 27, 2009
Kito Lever Hoist Model L5
Awarded Japan Society of Mechanical Engineers Fiscal Year 2008
Excellent Product Award


The Kito Lever Hoist Model L5 has been awarded the fiscal year 2008 JSME Excellent Product Award by The Japan
Society of Mechanical Engineers.
Since starting selling its lever hoists in 1947, Kito has listened to the opinions of its many users as the motivation for carrying out repeated technical innovation, which has resulted in the development of the Model L5. In response to these endeavors, high evaluation was given to Kito's technology, including its miniaturization technology built up by over many years and the products that it has previously released, resulting in it receiving the JSME award.
The receipt of this honorable award is the result of the support of all the many people concerned, including our customers.
In the future as now, Kito will build on its corporate efforts to continue creating products that are useful for customers, and looks forward to receiving your even greater support.

to Product Information

Apr 01, 2009
Release of KITO Lever Hoist Model L5 with Overload Limiter
KITO CORPORATION is very delighted to make the following formal announcement concerning the release of KITO Lever Hoist Model L5 with Overload Limiter.


DESCRIPTION

KITO model L5 lever hoist performs in the most demanding applications. Low headroom,lightweight,compact design. Developed for professional purposes putting emphasis on operator safety and durability. The overload limiter prevents the hoist from excessive overload lifting. It can be used in various fields including freight industry, bridgework industry, forest industry, woodworking industry, shipbuilding industry, construction industry, and so forth.
Model L5

For further details of Model L5 with overload limiter, please refer to the attached catalogue.
CATALOGUE
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to Product Information

Mar 26, 2009
Notice Concerning Organization and personnel Change
KITO Corporation’s Board of Directors has resolved the change of its organization and personnel effective as of April 1, 2009.
April 1,2009NEWS Release_Notice Conecerning Organization and Personnel Change
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Mar 02, 2009
Jiangyin Kito Commended as the FY2008 China Good Faith Enterprise
Jiangyin Kito Crane Co., Ltd., a Kito Group company, was selected as the FY2008 China Good Faith Enterprise in recognition of its outstanding accomplishments and was conferred the honorary title of "Chinese Enterprise with Excellent Faith". The recipients were selected from among the companies recommended by the federations and organizations of enterprises at provincial level and by municipalities with province-level status. The evaluation criteria included integrity-oriented management philosophy and social contribution, in addition to outstanding business records.
In FY2008, 22 companies including Baosteel Group Corporation Limited and Guangshen Railway Company Limited received the title of "Chinese Enterprise with Highest Faith"; while 134 companies including China Water Resources and Hydropower Construction Group Corporation and China Life Insurance Company Ltd. were selected as “Chinese Enterprises with Excellent Faith”.
The Kito Group has taken this opportunity to step up its effort to further develop itself as a company capable of making a greater contribution to society.



Feb 10, 2009
Notice concerning the leakage of the Company’s corporate information
Kito Corporation has discovered that corporate information (including a portion of information concerning its customers) kept by the Company has been leaked over the Internet.

The Company would like to offer its sincerest apologies to its customers, and to report on the facts that have come to light at the current time as well as how the Company intends to deal with this situation.
Notice concerning the leakage of the Company's corporate information
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Oct 15, 2008
Kito will exhibit at the CeMAT ASIA 2008 Exhibition in Shanghai (October 27 to October30)
Kito will participate in the international fair "CEMAT ASIA" started from Oct. 27, 2008, which is one of the biggest fairs for materials handling and logistics in China. We are proud to exhibit the products with our innovative technologies such as revolutionary crane system called "KITO ADVANCED 3D CRANE CONTROLL SYSTEM", with which you can control the crane for every direction by using a single button switch instead of 6 push buttons for lifting, traversing, and traveling.

Show date : October 27 to October 30, 2008
Place : Shanghai New Intfl Expo Centre(SNIEC)
No.2345 Long Yang Road.Pudong New Area Shanghai 201204,China
Location of Kito booth : Hall No.E1 Stand No.G4
Exhibited products: KITO ADVANCED 3D CRANECONTROLL SYSTEM, Hoisting equipments for clean room, etc.
Official homepage: http://www.cemat-asia.com

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Sep 2, 2008
KITO Advanced 3D Crane Control System on TV.
KITO Advanced 3D Crane Control System was introduced on TV TOKYO program "Trend TAMAGO" of "World Business Satellite" on July 16 in 2008.

Now under development,wKITO Advanced 3D Crane Control Systemx, enable crane operation easily any direction by the angle of the remote controller mounted on their arm and one push button.

This crane system has been received good reputations at CeMAT 2008, Hannover Germany on May 27 to 31 in 2008, and covered in domestic and international newspapers and magazines.

You can watch televised video from below web site of TV TOKYO "World Business Satellite". (Japanese only)

http://www.tv-tokyo.co.jp/wbs/toretama/080716.html

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Jul 1, 2008
Release of New KITO Electric Chain Hoist, ER2
KITO CORPORATION is very delighted to make the following formal announcement concerning the release of New KITO Electric Chain Hoist, ER2.
ER2 Concept

Seeking improved ease of use and work efficiency, an inverter has been provided as standard in all dual speed hoists and trolleys except for power voltage of 500 V or more. ER2 provides long-period stable operation, which is essential for improving production efficiency. Due to further improved durability, the increased product service life and reduced running costs have resulted in minimizing the lifetime cost.

ER2 Features
  • Compact Body - Fine-tuned profile of the load chain link benefits loss of the hoist body weight compared to the previous ER.
  • Smooth & Ergonomic Operation - Inverter hoist for dual speed and ergonomically KITO original designed push button control with emergency stop
  • Reliable Safety - Enhanced friction clutch, upper-lower limit switch, thermal
  • protector and electromagnetic brake in fail-safe connection
  • Enhanced Durability - Improved durability of load chain and high end duty rating
  • Easier Maintenance - Connecting shaft externally-attached to body and CH (counter/hour) meter
  • Environmentally Friendly - No content of major hazardous substances including 6 European RoHS directive substances

For further details of ER2 specifications, please refer to the attached catalogues depending on the versions:
General Region
CE Marking
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General Region
CE Marking

Jun 03, 2008
Results of Operations FY Ended march 31,2008


Results of Operations FY Ended march 31,2008
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Jun 02, 2008
Summary of Financial Results for the Fiscal Year Ended March 31,2008


Summary of Financial Results for the Fiscal Year Ended March 31,2008
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May 14, 2008
Kito will exhibit at the CeMAT 2008 Exhibition in Germany (May 27 to May 31)
To our dearest Customers,

Please be advised that Kito will take part in the CeMAT exhibition in Germany. Your visit will be welcomed!

1. General information:
Show date: May 27 to May 31, 2008
Place: Exhibition Grounds, 30521 Hannover, Germany
Opening time: Daily, 9 am to 6 pm

2. Kito Booth:
Location: Hall 12, C40
Products: Please see our booth guide as attached


For the further details you will find at:
http://www.cemat.de/homepage_e

We are looking forward to seeing you in Hannover.

With best regards,
Kito Messe project team
CEMAT Hannover 2008 Booth Guide
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May 09, 2008
Announcement of Resolution Concerning Revision of the Basic Policy for Establishing Internal Control System
The Board of Directors of Kito Corporation discussed and determined on April 22,
2008 the revision of the Basic Policy for establishing an internal control system
which was originally resolved on May 31, 2006.
Revision of Basic Policy for establishing Internal Control System 04-22-08
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Apr 11, 2008
SIAM KITO CO.,LTD. New Factory Open
SIAM KITO CO., LTD., the KITO CORPORATION's Thai subsidiary, has constructed a new factory in AMATA NAKORN Industrial Estate (in Chonburi Province), a leading industrial complex in Thailand, and held an opening ceremony on March 13, 2008.

With an investment of 150 million Baht (approximately five million US dollars), the new factory has a land area of 17,000 square meters (10.6 Rai), and a factory building 57 meters wide and 110 meters long. It is also equipped with functions such as overhead traveling crane manufacturing, final assembly and inspection of chain hoists, manufactured by KITO, and after-sales service, and integrates office functions such as sales, service, engineering, administration and management. As a new production facility of mainstay overhead traveling cranes, it also installed a steel cutting machine, lathe turning machine, shot blast machine, and paint booth, in order to achieve substantial quality improvement of overhead traveling cranes, as well as to double production capacity to 500 units per year, from the current 250 units level. The convenient access in just five minutes from the factory to Bangna Trad and Motorway, the main highway, allows further improvement of service to customers in the middle and eastern area of Thailand. Moreover, a new branch opened in Ayutthaya in February, which enables the company to provide prompt and close service to customers in northern Thailand.

Since its establishment in 1997, SIAM KITO CO., LTD has sold material handling equipments, such as overhead traveling cranes, electric hoists, and manual chain blocks, mainly to Japanese companies, and the number of customers totals 2,400 companies (including trading companies and dealers).

For the future, the company plans to strengthen sales and service activities to non-Japanese companies, in addition to Japanese companies. It thus aims to increase the sales volume of overhead traveling cranes and annual sales to 450 units by 2010 and to 500 units by 2012.


Company NameSIAM KITO CO., LTD.-
Address700/243 M.1, Amatanakorn Industrial Estate Phase 2, Bangna-Trad KM.57, T.Bankao, A.Panthong, Chonburi 20160 Thailand
TEL+66-(0)38-468-205
FAX+66-(0)38-468-195-6
URLhttp://www.siamkito.co.th
Contact personBurasade Silaaphiwon (President)
Kenji Okuma (Vice President)
Ayaha Ishii (Secretary)

Mar 21, 2008
Notice Concerning Organization Change, Appointment and Changes in Duties of Executive Officers and Personnel Change
Notice Concerning Organization Change, Appointment and Changes in Duties of Executive Officers and Personnel Change
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Feb 15, 2008
Consolidated Financial Results for the Nine Months Ended December 31,2007
Consolidated Financial Results for the Nine Months Ended December 31,2007
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Nov 30, 2007
Consolidated Interim Business Results for the Fiscal Year Ending March 31, 2008
Consolidated Interim Business Results for the Fiscal Year Ending March 31, 2008
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Aug 9, 2007
Listing of Kito Shares on the Tokyo Stock Exchange
Kito Corporation is pleased to announce the listing, on Thursday, August 9, 2007, of its shares on the First Section of the Tokyo Stock Exchange (Code 6409).

Since its inception in 1932 by Miyoshi Kito, the company has evolved into a manufacturer specialized in material handling equipment with a comprehensive business scope encompassing the development, production, sales and post-sales servicing of hoists and cranes.

In the 1990s, it set out to expand its horizons beyond Japan by rolling out global businesses in North America, China, Southeast Asia, Europe and other regions. These efforts have earned Kito a reputation as a trusted brand throughout the world.

Although Kito shares were delisted from the exchange temporarily in 2003 as a result of the MBO in collaboration with the Carlyle Group, a variety of subsequent undertakings have boosted its corporate value, which, in turn has led to today's listing on the First Section of the Tokyo Stock Exchange.

Kito's successful listing owes much to the then-shareholders, who supported the decision to delist the shares, as well as all stakeholders, who have continued their support and assistance to the company subsequent to the delisting. I extend my deepest gratitude to them.

Celebrating its 75th milestone anniversary this year, Kito has renewed its commitment to "the delivery of satisfaction and excitement to customers" through its delivery, around the globe, of added values that exceed customers' expectations and to its aspiration to become the No.1 hoist manufacturer in every deed. To these ends, the Kito Group as a whole will continue to work hard through concerted action.

I would greatly appreciate your further support and assistance to us in the years ahead.

Yoshio Kito, President and CEO


April 27,2007
Executive Changes
At the meeting of the KITO Board of Directors on June 8, 2007, the executive changes as below were decided. The changes are subject to the approval of the 63th Ordinary General Meeting of Shareholders and subsequent Board Meeting to be held on June 26, 2007.

1. Outline of the changes
To be effective of June 26, 2007, Shinjiro Kito will retire from Director/Advisor. Since Neo C.Chen will retire as Auditor at the expiration of his term, A person mentioned below are elected as new Auditor. The other two persons are reappointed.

2. Directors and Auditors
New Position Name Current Position
President and CEO Yoshio Kito Same as on the left
Senior Managing Director &
General Manager of Management
Strategy Div.
Hiroshi Nomura Same as on the left
Director & General Manager of
General Administration Div.
Hiroki Tanaka Same as on the left
Director & General Manager of
General Administration Div.
Yoshikazu Nishimaki Same as on the left
Director (outside) Tamotsu Adachi Same as on the left
Director (outside) Kazuhiro Yamada Same as on the left
Director (outside) Keizo Tannawa Same as on the left
Standing Auditor Tomio Kobayashi Same as on the left
Auditor (outside) Masatoshi Yasunaga Same as on the left
Auditor (outside) (newly-appointed) Kiyohito Hamada -----


3. Executive Officers
New Position Name Current Position
President and CEO Yoshio Kito Same as on the left
Senior Managing Director &
General Manager of Management
Strategy Div.
Hiroshi Nomura Same as on the left
Senior Executive Officer & General
Manager of Manufacturing Div.
Hiroki Tanaka Same as on the left
Executive Officer &
General Manager of General
Administration Div.
Yoshikazu Nishimaki Same as on the left
Executive Officer &
Deputy General Manager of
General Administration Div.
Yoshio Yanai Same as on the left
Executive Officer &
General Manager of
Development & Technology Div.
Tsutomu Hashimoto Same as on the left
Executive Officer &
Deputy General Manager of
Development & Technology Div.
Tsuneo Yuzurihara Same as on the left
Executive Officer & General
Manager of National Sales Div.
Takeshi Atsukata Same as on the left
Executive Officer & General
Manager of Overseas Div.
Masaru Hiranuma Same as on the left

May 11, 2007
Summary of Business Results for the Fiscal Year Ended March 2007
Japan's economy remained relatively steadily overall throughout the current consolidated fiscal year, as demonstrated by improved corporate profitability enjoyed primarily by export-related sectors that benefited from a weaker yen, as well by greater capital investments and an improved employment outlook, despite a somewhat unpredictable outlook for the US economy.
In fact, corporate profitability was improved for companies in a broad range of business including home-appliance, industrial machinery and machine tools, and iron & steel/non-ferrous metals, which saw brisk exports, in addition to the automobile-related sector.
Under these business environments, the KITO Group, which upholds a medium and long-term management vision of "aspiring to be the "True Global No.1 Hoist Manufacturer" in the genuine sense of the word through the consistent delivery of values that exceed customer expectations while maximizing the values of the KITO brand," formulated an Intermediate Five-Year Plan with the consolidated fiscal year under review (FY2006) as Year 1, and embarked on a number of undertakings in FY2006 in an attempt to reach the stated targets before the end of the fiscal year ending March, 2011.
In the domestic sales, KITO made focused efforts to further increase its market share in its core product categories including electric chain hoists, lever hoists and manual chain hoists, and actively explored opportunities to market its solution business, which takes advantage of KITO's superior engineering capabilities and an array of applications to address customers' specific concerns (solution-based marketing).
Service-related departments were incorporated into the National Sales Division during the current period. The unification of sales and servicing facilitates the supply of good-quality after-sales services while at the same time preparing grounds for incremental business opportunities.
As for overseas sales, KITO concentrated on undertakings geared to sales expansion by reaching firms in a wide range of industrial sectors including wind power generation in North America. These efforts resulted in sales which, supported by prolonged and solid demand, remained at a healthy level.
In Asia and especially in China, Jiangyin Kito Crane Co., Ltd., KITO's consolidated subsidiary, built solid foundations for themselves in the market by commencing joint production with KITO of cranes especially made for use in cleanrooms for semiconductors.
In Europe, where the Group's presence needed to be enhanced, KITO EUROPE GmbH, a wholly owned subsidiary, was established in Dusseldorf, Germany, in May 2006 to lead efforts to build a sales structure (network).
Thus, KITO's very first step in the direction of setting in place a global tri-polar structure with North America, Asia and Europe as cores started in the current consolidated fiscal year.
The production lines, especially those at Yamanashi headquarters, experienced high production loads at a level not seen since 1991 at the height of the "bubble economy." In a concerted effort, KITO continued to further refine its Assemble-To-Order system, and parallel efforts were made to reinvent its quality control system and to enhance and upgrade production facilities. These measures, combined with the introduction of automated aluminum die-casting lines that can be put into service around the clock, resulted in improved productivity at quality levels that remained the same or became enhanced. Supplemented by drawdowns of inventories, these improvements enabled KITO to effectively meet strong demand.
In addition, active attempts were made to keep inventories at an appropriate level, to encourage production reinvention outside Japan and to develop personnel with capability to promote global business, as part of KITO's efforts to optimize the Groupwide manufacturing capabilities (production and supply procurement).
Other highlights included the construction of a new factory dedicated to the production of special-purpose use hoists on the premises of Jiangyin Kito Crane Co. Ltd., KITO's production base in China, for an increased level of production to meet the Chinese market's growing demand for special-purpose use products. SIAM KITO CO., LTD in Thailand became a consolidated subsidiary after KITO's equity stake in the concern was increased to about 65 percent in December, 2006. Plans are underway to build a new crane factory with higher production capacity in a suburb of Bangkok to satisfy the robust appetite of Japanese capital companies there for capital investments.

As a result of these efforts, KITO posted consolidated net sales of \31,795 million (up 18.2% year on year), consolidated operating profit of \4,418 million (up 24.0%), consolidated recurring profit of 4,519 million (up 23.7%) and net sales of \2,788 million (up 20.8%) in the current consolidated fiscal year, and all numerical targets for the consolidated fiscal year set out at the beginning of this fiscal year were achieved.
As for future outlook, we expect that, given the continuing firmness exhibited in corporate business results and personal consumption, the overall economy will remain healthy despite some uncertainty over the foreign exchange, the stock market and oil prices as well as the US economy.
In these business environments, the KITO Group will remain committed to the further expansion of domestic sales and to undertakings designed to gain a solid footing in North America and China. We also plan to embark on measures primarily through KITO EUROPE GmbH to increase our presence in the European market and Germany in particular and to increase exposure to promising frontier markets such as India, Russia and Central and South American nations.
Parallel to these moves, KITO will step up its efforts to refine and boost the company's infrastructure and organizations to allow continual growth and to ensure and improve legal compliance through Group-wide action aimed at stronger internal control for a more transparent corporate management.
FY2007 will mark the second year of the Medium-Term Five-Year Plan. We have selected "For the Global Next Stage" as the new slogan designed to help achieving the medium and long-term vision of "aspiring to be the "True Global No.1 Hoist Manufacturer" in the genuine sense of the word." Under the new slogan, all employees and officers of the KITO Group have renewed their commitment to reinvention in a concerted action.

April 27,2007
Appointment of New Executive Officer
In order to strengthen finance sector of KITO group, on April 27, 2007, the company announced "Appointment of New Executive Officer" to be effective of May 1, 2007 as below.

Name Position
Yoshio Yanai Executive Officer & Deputy General Manager of General Administration Division

March 27,2007
Appointment of New Executive Officer
On March 27, 2007, the company announced "Appointment of New Executive Officer" to be effective of April 1, 2007 as below.

Name New Position Current Position
Tsuneo Yuzurihara Executive Officer & Deputy General Manager of Development and Technology Division / Senior Manager of Product Development Department Senior Manager of Product Development Department

December 18,2006
Financial Report for the First Half Ended September 30,2006
During our interim consolidated accounting period, the overall Japanese economy had grown steadily owing to the solid consumer spending and business fixed investment, supported by the good momentum and continuous expansion of the U.S. and Asian countries' economy as well, though there were some uncertainties caused by high crude oil prices etc.

In the machinery industry, such good business environments had been sustained by the recovery of the industrial material manufacturing sectors such as nonferrous metal field in addition to the strong demand related from automotive industries.

Under such circumstances, our group companies established the "New Five-Year Plan", which started from this consolidated accounting period, and made the first step forward to achieve our original goal of increasing our customers satisfaction as well as our market value.

In this "New Five-Year Plan", we defined our mid-term management vision that we would become "a genuine global No.1 hoist manufacturer" through "providing more values than our customers' expectations" and maximizing the value of KITO brand in the market, and have just started taking concrete actions to realize it.

In our Sales Department, we have not only developed a concrete solution providing sales, positioning ourselves closer to the market to meet with our customers' needs, but also integrated Afterservice Department under Sales Division as of April 1st, 2006, which was originally put under Manufacturing Division, to enhance and expand our after care service under the integration with sales.

In overseas sales, we established KITO EUROPE Gmbh, 100% owned subsidiary, in the suburbs of Dusseldorf, Germany in May, 2006 and have started our sales activities for further business expansion in the European market.

In manufacturing section, we put our most full-out emphasis on the full operation and in our HQ production facility, we have conducted further improvements on the production yields and the quality management system, taking some reference to Toyota's production system. Furthermore, our efforts into the production capacity additions / replacement of some equipment, which have contributed for more effective productions, reduction of inventories, and quality control and improvement.

As consolidated results, the Net Sales figure in this period was 14,444 million yen (18.5% increase against the prior year). With regards to the Operating Income, the company achieved a significant improvement with 2,047 million yen (20.9% increase against the prior year). The Net Income was 1,224 million yen(14.3% increase against the prior year).


Our consolidated business forecast during this accounting year is expected to stay at relatively stable and steady positions owing to the generally strong corporate spending on factories and equipments although there are on-going concerns on the potential slow down of the US economy which has driven the world economy growth, the change of zero interest policy in Japan and too heated market momentum for non-ferrous metal market.

Under these business environments, in the Japanese domestic market we will continue to actively undertake promoting proactive solution providing business and to expand the sales of our core products as well. In the overseas market, our group companies across the board are determined to achieve the 1st year goal of our "New Five-Year Plan" through expansion of our sales in the US and Asian markets (especially in the Chinese market) which account for more than 40% of our consolidated turnover while we will carefully monitor the sales development in the European market.


With regards to the full business year of 2006 ended March 31, 2007 consolidated basis, KITO CORPORATION estimates the Net Sales of 31,200 million yen (16.0% increase against the prior year), the Operating Income of 4,100 million yen (15.1% increase against the prior year), and the Net Income of 2,420 million yen (4.9% increase against the prior year).

August 1, 2006
Highly Compact CX Series Manual Chain Hoist
New Product: Highly Compact CX Series Manual Chain Hoist

KITO CORPORATION is very pleased to announce you of the release of Highly Compact CX Series Manual Chain Hoist.
While KITO's compact-sized lever hoist LX Series (released in February 2003) have been enjoying positive reaction and good reputation from both the international and domestic customers, KITO achieved the same concept of being compact and lightweight, at the same time with improvement of operational performance and safety to the development of the new CX series.
Easy portability will be found quite useful at the worksites like duct installation, maintenance job, crane installation/engineering jobs and various work operation engaged with lightweight load.

CX Series Product Concept and Features
(1) Product Concept
CX Series are designed to be one of the smallest and lightest chain hoists in the market with more advanced user-friendliness and safety covered by simple yet sophisticated appearance.
(2) Product Features
A. Highly compact, lightweight and simple Kito original designed body. The total weight of CX003 with 2.5mts-standard lift is only 2.4kg.
B. Easy to operate as the Pull to Lift Full Load is 15kg.
C. Equipped with Overload Limiter as a standard feature to prevent excessive overloaded hoist operation.
D. Employing world highest class Grade 100 Nickel electroless-plating Load chain resistant to corrosion and wearing.
E. High corrosion resistant Hand chain made of SUS304.
F. Both Top and Bottom hooks have wide openings and apply hook latch with tip-supporting structure to prevent a load from side slipping.
G. Easy maintenance by employing non-protruding bolts on the body.

For details of CX Series specifications, please refer to an attached catalogue. "KITO CHAIN HOIST CX003".
CX003 Catalogue.pdf
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July 5, 2006
Basic Policy for Establishing Internal Control System
The Board of Directors of Kito Corporation discussed and determined at its meeting held on May 31, 2006 a Basic Policy for establishing an internal control system. Details of the resolution are as follows.
Basic Policy for Establishing Internal Control System
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May 31, 2006
Business Results of FY 2005 (April 2005 through March 2006)
KITO CORPORATION announces its FY 2005 business results as follows.

In the period, a steady recovery was made in the Japanese economy, especially in the private sector.
The U.S. economy in general was underscored by the expansionary tone despite some adverse factors, including a rise in oil prices. The Asian economy, aided by sharp growth in China, remained firm overall.
Under this business environment, the KITO Group embarked on a variety of undertakings in accordance with its newly formulated medium-term three-year plan, for which FY 2005 served as the initial year.
In sales and marketing, strong focus was placed on actions designed to seek further efficiency in the supply chain to meet growing domestic and overseas demand and on measures for improved customer satisfaction, supplemented by redoubled efforts to promote the solution business, in an attempt to capture new market opportunities.
Overseas sales expanded as a result of collaboration with subsidiaries. In particular, sales of electric chain hoists for the maintenance of wind-power generators rose, as demand grew in the United States and Europe, where the excellence of the product has been recognized. Sales of manual chain hoists and lever hoists for the oil sand industry in Canada and for offshore drilling in Northern Europe also rose.
In Asia, especially in China, the electric rope hoists manufactured by KITO's local subsidiary has established an excellent reputation in terms of quality and performance, making them the top-selling products in China. Full-scale sales activities for electric and manual chain hoists began in China to capture increasingly quality-conscious Chinese companies, in addition to the existing customer base of local subsidiaries of Japanese companies in the market for cranes.
Manufacturing side worked to full capacity in a Group-wide concerted effort to cope with growing demand, while Yamanashi headquarters factory stepped up efforts to further refine the Toyota-style of production reform to allow on-going cost reductions through improved productivity and lower inventories.

As a result, consolidated net sales for the period under review amounted to 26,904 million yen, up 13.8% from the previous year. Consolidated operating profit increased 33.9% to 3,562 million yen. Net income rose 70.6% to 2,308 million yen. The numerical targets set out at the beginning of the fiscal year in the medium-term three-year plan were achieved two years ahead of schedule.

For FY 2006, we expect that private-sector demand will continue to grow modestly for the time being and that the economy will remain relatively stable though the outlook regarding foreign exchange and oil prices is not clear. In these circumstances, the KITO Group is expanding domestic sales while continuing active sales drives in overseas markets in an attempt to achieve further growth. With the establishment of a subsidiary in Germany in May 2007, KITO plans to launch full-scale marketing shortly, targeting the European market. Strategies for overseas markets also call for exploration of market opportunities in Central and South Americas, as well as in India.
In an effort to become the No.1 hoist manufacturer, the KITO Group is committed to delivery, from customer-oriented perspectives, of values that exceed customer expectations.

Through these activities, we expect that consolidated net sales in FY 2006 will increase 11.1% year on year to 29,900 million yen. Consolidated operating profit will grow 5.3% to 3,750 million yen. Net income will be 2,140 million yen (down 7.3%).

May 31, 2006
Executive Changes
At the meeting of the KITO Board of Directors on May 31, 2006, the executive changes as below were decided. The changes are subject to the approval of the 62th Ordinary General Meeting of Shareholders and subsequent Board Meeting to be held on June 21, 2006.

1. Outline of the changes
To be effective of June 21, 2006, Shinjiro Kito will resign from Chairman & CEO and become Director/Advisor. Since Masatomo Sakairi will retire as Director at the expiration of his term and Ryoko Shimokawa will resign from Auditor, the persons mentioned below are elected as new directors.

2. Directors and Auditors
New Position Name Current Position
Director, Advisor Shinjiro Kito Chairman and CEO
President and CEO Yoshio Kito President and COO
Senior Managing Director & General Manager of Management Strategy Div. (newly-appointed) Hiroshi Nomura Senior Executive Officer & General Manager of Managing Strategy Div.
Managing Director & General Manager of Manufacturing Div.(newly-appointed) Hiroki Tanaka Senior Executive Officer & General Manager of Manufacturing Div.
Director & General Manager of General Administration Div.(newly-appointed) Yoshikazu Nishimaki Executive Officer & General Manager of General Administration Div.
Director (outside) Tamotsu Adachi(Carlyle Group) Same as on the left
Director (outside) Kazuhiro Yamada(Carlyle Group) Same as on the left
Standing Auditor Tomio Kobayashi Same as on the left
Auditor (outside) Chin Masahito(Carlyle Group) Same as on the left
Auditor (outside) (newly-appointed) Akinari Tokuyama(Carlyle Group) -----

3. Executive Officers
New Position Name Current Position
President and CEO Yoshio Kito President and COO
Senior Managing Director & General Manager of Management Strategy Div. Hiroshi Nomura Senior Executive Officer & General Manager of Managing Strategy Div.
Senior Executive Officer & General Manager of Manufacturing Div. Hiroki Tanaka Same as on the left
Executive Officer & General Manager of General Administration Div. Yoshikazu Nishimaki Same as on the left
Executive Officer & General Manager of Development & Technology Div. Tsutomu Hashimoto Same as on the left
Executive Officer & General Manager of National Sales Div. Takeshi Atsukata Same as on the left
Executive Officer & General Manager of Overseas Div. Masaru Hiranuma Same as on the left
Executive Officer & Deputy General Manager of Overseas Div. Yasuo Sasaki Same as on the left
Note: Kazuhiko Okabe (Current Senior Managing Director - Factory) will retire as the position to be effective on June 30, 2006.

March 27, 2006
Organization Changes and Appointment of New Executive Officer
On March 27, 2006, the company announced "Organization Changes and Appointment of New Executive Officer" to be effective of April 1, 2006.

1. Outline of Organization Changes

(1) [Quality Assurance Department] will be transferred to Development & Technology Division from Manufacturing Division for the greater independence of quality assurance and the higher function of internal check.
(2) [After-sales service] and its relative operations for domestic market will be transferred to National Sales Division from Manufacturing Division and established as [Service Engineering Department] to enrich our services to our valued customers.

2. Appointment of New Executive Officer

Name New Position Current Position
Yasuo Sasaki Executive Officer &
Deputy General Manager of
Overseas Division
Senior Manager of
Overseas Division A

Directors, Auditors, and other Executive Officers remain unchanged.

June 21, 2005
Completion of the New Plant in China and the Commencement of Operation
Aiming at expanding its business in China, Kito Corp., a manufacturer of hoists and cranes, has completed construction of a new plant in China under its subsidiary company called Jiangyin Kito Crane Co., Ltd, and has transferred its operations from two previous locations and commenced operation at the new plant.

1. Background to the construction of the new plant
In 1995, Kito Corp. established a joint venture company, called Jiangyin Kito Crane Co., Ltd., in partnership with a Chinese local manufacturer of hoists and cranes located in Jiangsu Province, which has fulfilled the functions as a supplier of high quality hoists and cranes to the domestic market in China and as a sub-supplier of products and subcomponents to Kito Japan.
Amidst the background of the developing Chinese economy, the demand for hoists and cranes has greatly increased, and the business volume of this joint venture has become more than 2.5 times over the past three years. Since the company has grown to a top manufacturer of wire rope hoists in China with one of the biggest production volume in the industry worldwide, Kito has recently increased its share holdings of the company up to 80%.
In order to cope with the continuously increasing importance of the Chinese operation in the group, and with the escalating domestic demand in China, Kito integrated separately located hoist and crane plants in the past and commenced construction of a new plant in an industrial complex in Jiangyin City.
As a result of the adoption of the most up-to-date equipments and systems, the new plant is capable of producing 35,000 units of wire rope hoists and 500 units of EOT cranes per year, which are about 1.7 times the capacity in previous operation.

2. Outline of the new plant
1) Construction location Jiangyin City, Jiangsu, China (inside an industrial complex)
2) Completion date May 2005
3) Total investment RMB 110 million
4) Land area 138,000 m2
5) Building area 40,000 m2 (three plant buildings, warehouse, office wing, cafeteria, dormitory, etc.)
6) Production capacity 35,000 hoists/year, 500 cranes/year
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3. Outline of the joint venture company (for reference)
1) Name of company Jiangyin Kito Crane Co., Ltd.
2) Date established May 1995
3) Location Jiangyin City, Jiangsu, China
4) Directors Chairman Shinjiro Kito, General Manager Huang Long Lin
5) Capital 16 million US dollars ... 80% investment by Kito.
6) Turnover RMB 213 million for FY 2004
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April 01, 2005
New Capacity ED III 480KG (Single Phase)
We release new capacity ED480kg in addition to current capacity range from 60kg to 240kg.

In response to strong market demands for larger capacity ED hoist both from domestic and overseas markets, we have newly developed ED480kg while maintaining current ED's attractive features, Compact and Light, it will widely expand your customer's working ranges

ED480kg
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October 17, 2003
LX Series : Awarded Good Design Gold Prize 2003
LX003(250kg) has been awarded for Good Design Gold Prize 2003 in Japan. This Gold Prize was awarded to 10 companies this year. Usually, this Gold Prize has been mostly awarded to consumer products made by famous and large companies.

The 10 companies, this year PRIUS (Passenger Car)/TOYOTA, SD MULTI CAMERA/PANASONIC, Plasma TV/SONY, Cordless Cleaner/TOSHIBA, LCD Color TV set/SHARP, etc. are listed as well as KITO.

It is rare case that such a medium size company like KITO is awarded the Gold Prize. This proves that KITO LX series Lever Hoists are superior in design and performances. For more details, please refer to the home page shown under.
GOOD DESIGN AWARD

March 3, 2003
New Series Lever Hoists Model L5LB
We release the New Series Lever Hoists Model L5LB as described below.

Model L5LB Product Concept and features

Since we released Model L4LB Lever hoists in the market in 1985, already 17 years have passed.

During these years, to cope with development and advancement of the technologies in the world, Kito have been giving full strength to conduct research and development to materialize World Class Lever Hoist through listening to opinions of many working fields.

Based on the results of the research, Kito had made drastic reviewing on the design and concept of the Lever hoists. As the result, we are successful to develop and release top-notch Lever Hoists in the market.

1. Product Concept
  1. Expanding product line-up to cope with various usage of Lever hoists.
  2. Improving easiness of operation by making compact and light weight Lever hoists.
  3. Improving safety and durability for further "Heavy duty use".

2. Product Features
  1. Increasing capacity range by adding new capacity 1t and 2.5t. In addition to current capacity range for L4LB, we have added 1t and 2.5t to cope with the market demands for wider capacity range.
  2. Surprisingly reduced size and mass(net weight) compared to current Model L4LB. For example of comparing L4LB 1.5t and L5LB 1.6t.
    • Lever length: Shortened by 36.1%.
    • Mass(Net weight) : Reduced by 16.7%.
    • Body height(from top of Free knob to Gear cover) : Lowered by 6.3%.
    • Headroom(Hook to Hook minimum distance): Reduced by 4.3%.
  3. World highest class Nickel electroless-plating short pitch(2.8d) Load chain resistant to corrosion and wearing. (Pitch size of L4LB Load chain is 3.0d and is different from the chains of L5LB. They are not interchangeable between L4LB and L5LB.
  4. Other various improvements
    • High strength Side plates by increased their thickness.
    • Increased Lever strength.
    • Safety Tip supporting Hook latch with increased strength.
    • Light weight Hooks.
    • Increased strength of Pinion.
  5. To cope with globalization in 21st Century, we have adopted new capacity indication in accordance ISO/TC96. Namely, indication of 3/4t is changed as 0.8t, 1 1/2t to 1.6t, 3t to 3.2t and 6t to 6.3t. ISO/TC96 is standard for lifting equipment. ISO/TC96 Standard system includes Chain Lever Hoists as lifting equipment.

LB016
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February 3, 2003
Compact size LX Series
We release the LX Series (KITO's first compact size Lever Hoists) described below.

LX Series Product Concept and features

1.Product Concept

LX Series Lever Hoists are designed to be used for handling comparatively light load(Maximum load up to 500kg) mainly targeted for transportation, construction, plumbing and other various equipment related industries.

2.Product Features
  1. Compact and lightweight design(28% less in mass compared to current LL Series 500kg).
  2. World highest class Nickel electroless-plating Load chain resistant to corrosion and wearing.
  3. Easy operation with perfect fastening.
  4. Original Free chain adjusting system for easy chain length adjusting.
  5. Safety tip supporting Hook latch design.
  6. Easy maintenance with KITO original Body design.

LX003
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