PLA MATELS CORPORATION

We are pleased to report our financial statements for the company's 80th term commencing from April 1, 2008 and ending on March 31, 2009. Taking this opportunity, we would like to extend our sincere greetings to our shareholders.

In this consolidated fiscal year, Japanese economy deteriorated into a full-scale slump and faced ongoing depressed economic climate fall to the level unseen since collapse of bubble economy. In the first half of the year, the actual economic condition remained consistent and revenue of enterprises in Japan persisted comparatively in good condition followed by the steep rise of raw materials and crude oil costs as well as the price rise of foods and basic goods although influence of subprime mortgage crisis was apparent in the U.S.. However, the latter part was affected by the impact of a worldwide financial crisis began in the U.S. and many companies followed a trend of inventory correction and faced not only significant drop in income but also fell into the red after decline in corporate profits followed by the recent downgrades in stock prices and the appreciation of the yen. This recessionary phase is expected to continue because of pervasive decline of household income and employment instability due to prolonged worsening corporate profits.

Under such circumstances, this consolidated fiscal year resulted rapid downward because the company was constrained to face decline in the revenue and profits in the latter half of the year even though it started off in good condition.

We are also facing difficulties for the assessment figures of the next year, but the entire group is vigorously pushing forward while keeping in mind that these figures are the "minimum line".

The following is our commitment to achieve our goals:

1) We are committed to strengthen the solidarity of the Pla Matels Group based on a monolithic unity.

2) We are committed to make further reinforcement of the internal control structure and strengthen the credit exposure management.

3) We are committed to be more cost-conscious and exert further efforts toward cost reduction.

Further, as a strategic move to global expansion in the future, we have established Pla Matels (Shenzhen) Co., Ltd. in January 2009 to correspond with the demands of Japanese corporations in South China, as a subsidiary of our body corporate in Hong Kong. In the future, it will contribute to become a base for trading with Chinese yuan in China.

In addition to this new subsidiary, the company will improve its quality by increasing our global presence through implementation of unified challenges of consolidated subsidiaries including Fujimatsu Company Co., Ltd., FILTEREN Co., Ltd., four other international corporations in Hong Kong, Shanghai, Tianjin and Singapore, bases of sales in Philippines and Thailand, and compound factories in Dalian and Vietnam.

The Pla Matels Group will work together to look resolutely forward for further development to overcome the economic whirlwind. We are devoted to focus on speedy and efficiency operation to expand our presence around the world and take further steps to maximize the company value.

We will be grateful if shareholders could provide us with more supports and encouragement.

With best regards,