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Hitachi Transport System

March 7, 2007

Announcement of New System of Subsidiary
Distribution Company to acquire from Shiseido Co., Ltd.

Hitachi Transport System, Ltd. (President & Chief Executive Officer: Takao Suzuki), which announced the decision to acquire Shiseido Logistics Company, Ltd. (Shiseido Logistics) (President & CEO: Shigeki Kubo), a subsidiary distribution company, from Shiseido Co., Ltd. (Shiseido) (President & CEO: Shinzo Maeda), a cosmetic industry giant, and to receive all the orders of Shiseido Logistics, announces a new system of Shiseido Logistics after April 2 that has been decided as follows.

Outline of the new company

Corporate name Hitachi Collabonext Transport System Co., Ltd.
([Collabonext] is a combination of the words for [collaboration] and [next], which imagines cooperativeness as an influential business partner of Shiseido, and spirit of innovation as a 3PL-specialized company.)
Representative Tetsuji Sekiyama
(Senior Vice President and Executive Officer, Hitachi Transport System, Ltd. [Concurrently])
Headquarters 2-14, Toyo 7-chome, Koto-ku, Tokyo
(Registered office is as before: 23-9 Higashi-Ougishima, Kawasaki-ku, Kawasaki city)