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Teijin Close-Up

ENHANCING THE QUALITY OF LIFE

It is our purpose to enhance the quality of life through deep

insight into human nature and needs, together with the application

of our creative abilities.

IN HARMONY WITH SOCIETY

Our aim is to grow and evolve in harmony with the progress of

society, thus justifying the trust of our shareholders, customers and

the public at large. We place the highest priority on safety and the

preservation of our natural environment.

EMPOWERING OUR PEOPLE

We encourage our employees to achieve self-realization by

developing and exercising their abilities to the fullest. Teijin

nurtures a corporate community with a wide variety of abilities

and personalities to foster creative innovation.

Contents

52 Global Operations

54 Corporate Ethics

55 Environmental Preservation

56 Research and Development

60 Fibers and Textiles

62 Films and Plastics

64 Pharmaceuticals and Home Health Care

66 Machinery and Engineering

68 New Products and Other Businesses

70 Corporate Organization

71 Directory

74 Major Developments in Teijin’s History

76 Board of Directors, Corporate Auditors, Corporate

Officers and Advisory Board

77 Corporate Data5151

Corporate Philosophy

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Global Operations

Becoming a Major Player in an Era of GlobalMegacompetitionI n its drive to ensure a competitive edge in the com-petitive market of the 21st century, Teijin continues tochallenge worldwide competition by maintaining a globalperspective and multinational strategies. With the aimof becoming one of the world’s largest producers ofpolyester fibers, the Company has established productionfacilities in this segment in Thailand, Indonesia, Mexicoand Japan. To serve the promising European Union andAsian markets, Teijin also has weaving and dyeing facilitiesin Italy, the People’s Republic of China (PRC) and Thai-land. In 1999, the Company acquired a stake in Japan’sToho Tenax Co., Ltd., the world’s second largest manufac-turer of carbon fibers, enabling it to enter this promisingmarket; while in 2000, it acquired the Twaron para-linkedaramid fibers business unit of Acordis B.V. of the Nether-lands, making it the world’s largest manufacturer of ara-mid fibers in terms of business scale.

In the Films and Plastics segment, Teijin integratedits polyester films operations with those of E.I. du Pont deNemours and Company (DuPont) of the United States.The two companies subsequently established joint venturesin Japan, Indonesia, the PRC, the United States, theUnited Kingdom, Luxembourg and the Netherlands. Toexpand its global operations in this segment, Teijin is pro-moting unified global marketing strategies based on clientneeds. In response to soaring demand for polycarbonateresin, the Company is rapidly expanding its manufacturingoperations in Japan and Singapore.

In the Pharmaceuticals and Home Health Care segment,Teijin is striving to develop and market innovative productsin Japan in three key therapeutic areas—respiratory ailments,bone calcium metabolism disorders and cardiovasculardisorders. A pioneer in home oxygen therapy (HOT)in Japan, Teijin is swiftly expanding its operationsin the area of home health care. The Company has alsolicensed overseas firms to manufacture and sell its phar-maceuticals and exported technologies, enabling itto make its products available for use in medical careoverseas and broaden its global network.

C O M P E T I T I V E N E S S I N F U N C T I O N A L

F I B E R S S E C T O R E N H A N C E D

The acquisition in December 2000 of the business of TwaronProducts B.V., the Twaron para-linked aramid fibers businessunit of Acordis of the Netherlands, has made it the world’slargest manufacturer of aramid fibers in terms of business scale,and greatly enhanced its global network in the importanthighly functional fibers sector.

P O L Y C A R B O N A T E R E S I N

P R O D U C T I O N C A P A C I T Y

E X P A N D E D

In response to an anticipated jump in demand in the fast-growing market for polycarbonate resin, Teijin continues toexpand production capacity at its plant in Singapore. AnnualGroup production capacity is expected to reach 250,000 tonsin summer 2001 and 300,000 tons in summer 2002.

A K R A T E I J I N B E C O M E S S U B S I D I A R Y

Akra Teijin S.A. de C.V. was established in 1999 as a 50-50joint venture with Mexican petrochemical giant Alpek S.A. deC.V., with the aim of enhancing our global production andsupply network for polyester fibers and gaining a foothold inthe strategically important North American Free Trade Agree-ment (NAFTA) market. In fiscal 2001, Teijin increased itsholding in Akra Teijin to 75%, making the company a con-solidated subsidiary.

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Asia

Teijin Polyester (Thailand) LimitedTeijin (Thailand) LimitedThai Namsiri Intertex Co., Ltd.Teijin Cord (Thailand) Co., Ltd.Teijin Unitika Spunbond (Thailand) Co., Ltd.P.T. Teijin Indonesia Fiber CorporationP.T. Branta Mulia Teijin IndonesiaP.T. Indonesia Teijin DuPont FilmsNantong Teijin Co., Ltd.Teijin Polycarbonate Singapore Pte Ltd.DuPont Teijin Films China Limited

EuropeTMI Europe S.p.A.DuPont Teijin Films Luxembourg S.A.DuPont Teijin Films U.K. LimitedDuPont Teijin Films Netherlands B.V.Teijin Monofilament Germany GmbHTeijin Twaron B.V.Tenax Fibers GmbH & Co. KG

AmericasDuPont Teijin Films U.S. Limited PartnershipAkra Teijin S.A. de C.V.Teijin Monofilament U.S., Inc.

Major Overseas OfficesTeijin America, Inc.Teijin Desenvolvimento Agro-Pecuário Ltda.Teijin Limited Europe OfficeTeijin Limited London OfficeTeijin Limited Milano

Representative OfficeTeijin Limited Hong Kong

Representative OfficeTeijin Limited Beijing

Representative Office

Research CentersTeijin Biomedical Laboratory

Medical Research CouncilTeijin America Inc. Princeton Office

● Fibers and Textiles● Films● Plastics● Pharmaceuticals and Home Health Care● Overseas Offices

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Corporate Ethics

Monitoring Mechanism

Employees,directors

on the Board and corporate

officers

CorporateEthics Web page

Documents submitted directly to the Corporate

Ethics Committee

Individualdepartments in charge

(issues, opinions, requests, proposals, consultation)

(monitoring subcommittee)

Corporate Ethics Committee

Striving to Earn the Trust of Society byUnderstanding and Observing a Strict Codeof Corporate EthicsI n line with its commitment to sound corporate ethicsand environmental preservation, Teijin has implementedan effective internal monitoring system to regulate relatedactivities.

In 1998, Teijin established the Ethics Committee anddrafted the Teijin Group’s Corporate Ethics Guidelines,containing 16 standards of conduct. With this document,and through education and its annual Corporate EthicsWeek, the Company promotes understanding amongemployees. Teijin updates the guidelines regularly toensure their ongoing relevance and utilizes surveys and aninternal monitoring system to regulate activities group-wide, the results of which are fed back to the EthicsCommittee. Teijin’s corporate ethics activities have earnedrecognition in Japan for their progressive nature.

MONITORING SYSTEM ASSISTS ONGOING EFFORTS TO

ENHANCE CORPORATE ETHICS

Teijin has implemented an internal monitoring systemwhereby employees are encouraged to submit opinions directlyto the Ethics Committee at any time via e-mail or ordinarymail. These opinions are used to reinforce the Group’scorporate ethics. Every November, the Group holds aCorporate Ethics Week, an occasion for the entireGroup to review day-to-day activities from theviewpoint of corporate ethics.

The Teijin Group’sCorporate Ethics Guidelines

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Environmental Preservation

Detailed information on Teijin’senvironmental activities is pro-vided in its Report on the Envi-ronment, Safety and Health 2001(for fiscal 2000). To facilitateaccurate understanding of theCompany’s environmental policyand ensure transparent disclosure,this report has been audited by anindependent third party.

Promoting Coexistence with the Environment:Fulfilling Obligations to the FutureT eijin’s operations affect the environment negatively intwo ways, namely, the use of raw materials and energy andthe generation of chemical substances and industrial wasteduring production processes. The disposal of syntheticfibers, films, resin and other products after use also harmthe environment. In line with the Teijin Global Environ-mental Charter, the companies of the Teijin Group areworking to eliminate environmental damage and acci-dents from its operations and promoting an extensiverecycling program. To these ends, Teijin has establishedstringent medium-term objectives, which include specificnumerical targets, for the reduction of environmentalload. Teijin has also appointed a chief environment, safetyand health officer (CESHO), whose responsibilitiesformerly belonged to the chief executive, and establisheda Group Environment, Safety and Health (ESH) Committee,to coordinate groupwide activities.

As of October 2000, the parent company has obtainedISO 14001 certification, the inter-national standard for environmen-tal management systems, for all ofits plants, offices and R&D facili-ties. Domestic Group companies,which exert a relatively heavy loadon the environment, are workingto enhance performance andexpect to achieve ISO 14001certification by the end of 2002.

Unit: 1,000 tons

Volume of Industrial WasteGenerated by Teijin Group

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40

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Target17

E N V I R O N M E N T A L P R I N C I P L E S

O F T H E T E I J I N G R O U P

In line with its philosophy of coexisting with the environ-ment and placing a high priority on the preservation of thenatural environment, Teijin is● conducting its business activities with a priority on envi-

ronmental conservation and safety, and provision of envi-ronmentally sound products and services;

● reducing environmental load through the efficient use ofresources and energy and product recycling;

● cooperating at the regional and global level to facilitatethe use of its expertise and technologies to contribute toenvironmental preservation and sustainable development.

M E D I U M - T E R M G R O U P

E N V I R O N M E N T A L O B J E C T I V E S

1. Reduce emissions of hazardous substances by half.2. Improve energy efficiency by 1% per year.3. Reduce emissions of industrial waste by half.

(The above objectives are based on 1998 levels andare to be achieved by 2005)

4. Actively promote chemical and materials recycling by● establishing a system for recycling chemicals and

materials;● developing easy-to-recycle products.

Report on the Environment,Safety and Health 2001

Teijin is ranked as a leader in the Dow JonesSustainability Group Index, an internationalindex of environment-friendly companies.

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● Fibers● Textiles● Apparel● Paper● Nonwoven fabrics● Artificial leather● Films● Magnetic recording media● Thin-film materials● Polymers for synthetic fibers, films and plastics● Engineering plastics● Pharmaceuticals● Home health care● Plants/equipment● Software

Polymer science

Life sciences

Fiber technologyFiber processing

Film technologySurface processing

Synthesis/catalytic technologyMolding and processing

Drug developmentDrug preparationClinical development

Engineering/systemstechnologies

Basic Sciences Fundamental Technologies Products and Services

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Research and Development

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01.300.399.398.397.3

Teijin’s extensive R&Dprogram focuses on materials,such as fibers and chemicals,and on a variety of fields,particularly health care,information and electronics.

Cutting-Edge Competitiveness: The Key toFuture Growth T he Teijin Group’s operations are supported by one ofthe world’s top R&D teams— a team that combines skill,expertise and extensive experience. The Company cur-rently has seven R&D centers in Japan and two overseas,encompassing 19 individual facilities, which employapproximately 1,300 specialists and focus on three keythemes: materials including fibers, films and plastics; healthcare; and information and electronics.

In the materials field, Teijin capitalizes on its accumu-lated know-how in the area of polymer science to conductproduct- and process-related R&D in polymer products;material- and process-related R&D in new fibers, elec-tronics materials and other areas; and research aimed atreforming manufacturing processes and reducing relatedcosts.

Teijin’s health-care R&D is aimed at developinginnovative total health-care solutions. Accordingly, areasof focus range from pharmaceuticals to home health-care equipment and other promising new sectors.

In information and electronics, Teijin’s activitiesencompass R&D related to electronics products with thepotential to play a crucial supporting role in the informa-tion technology revolution— such as materials for liquidcrystal display (LCD) substrates and high-capacity storagemedia— and the development of information systems andsoftware.

Teijin is currently working to expedite its R&Dactivities, recognizing that the early conversion of R&Dachievements into profits demands not only enhancedresponsiveness to market needs, but also efficient andseamless R&D. Accordingly, the Company has appointeda chief technology officer (CTO) to coordinate overallGroup R&D strategies, including those for basic research.To keep abreast of market change, Teijin is also promotinga variety of value-creating R&D alliances worldwide,

including joint developmentprojects with customers, andcooperative R&D efforts withcompanies, research organiza-tions and universities overseas.

R & D T H E M E S

Materials

Research on a broad range of themes, from basic materials tomanufacturing processes

In mainstay polyester fibers, film and polycarbonateresin operations, Teijin is conducting advanced R&Dinvolving a broad range of high-profile materials,including aramid fibers and polyethylene naphthalate(PEN). The Company is also engaged in product-and process-related R&D that capitalizes on itsoutstanding capabilities in the field of polymerchemistry, as well as research aimed at reformingmanufacturing processes and reducing related costs.

Health Care

Proprietary R&D aimed at developing total health-caresolutions

Teijin’s R&D in the rapidly expanding health-carefield focuses on three therapeutic areas—respiratoryailments, bone calcium metabolism disorders andcardiovascular disorders—in which the company isworking to develop innovative total health-caresolutions, ranging from pharmaceuticals to homehealth-care equipment.

Information and Electronics

An innovative approach that maximizes Teijin’s uniquecapabilities in polymer science

Teijin’s activities in this field encompass R&Drelated to optical discs and film and film substratesfor LCDs and other electronics applications, as wellas information systems and software development.The Company is also focusing efforts on the devel-opment of various thin-film and environment-related materials.

Ratio of R&D Expensesto Net Sales %

Major Research Institutes

●Tokyo Research Center (basic pharmaceuticals, pharmaceutical productdevelopment, electronics materials, structural analysis, medical technologyresearch)

●Teijin DuPont Films Japan Limited Sagamihara Research Center (films)●Osaka Research Center (industrial fibers, apparel textiles, engineering)● Iwakuni Research Center (polymer science, pharmaceutical materials)●Toho Tenax Research Center (carbon fibers)●Teijin Chemicals Matsuyama Research Center●Teijin Chemicals Plastics Technical Center●Teijin Biomedical Laboratory Medical Research Council (London;

biomedical, medical research)●Teijin America Inc. Princeton Office (medical research)

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Crude oil

Naphtha

DMTTPA

Polyester polymerization

Fibers, films

Collection

Fibers(ECOPET)

Material recycling

New technologyfor recycling raw materials

Currentrecycling

Bottles

Home Hemodialysis

Most patients undergoinghemodialysis must visit theirlocal dialysis center for a four-hour session three times aweek. Teijin’s home hemodi-alysis system, currently underdevelopment, will enablepatients to undergo six two-hour treatments a week in thehome. In addition to eliminating the physical burden oftraveling to and from the dialysis center, the new systemwill minimize dialysis disequilibrium syndrome (whichoccurs with long, intensive treatments), relieve anemia andfacilitate more effective management of blood pressure.

Bonalon®

Osteoporosis, which results in the loss of bone density, isestimated to affect approximately 10 million people inJapan. With the rapid aging of the country’s population,osteoporosis is predicted to become an increasinglycritical health problem. Bonalon® (alendronate)— an inno-vative new bisphosphonate compound developed in Japanby Teijin, Merck & Co., Inc., of the United States, andJapan’s Banyu Pharmaceutical Co., Ltd.— acts to preventdeterioration and porosity of bone tissue, and has beenshown to increase bone density and reduce fracture risk.With Bonalon® , researchers also succeeded ineliminating the problem of deossification,a major side effect of otherbisphosphonates, makingBonalon® useful for long-term, continuous treatment.

New Technology for Recycling Raw Materials Used inPolyester Products

Teijin’s new technology facilitates the recovery of high-purity dimethyl terephthalate (DMT) from almost allpolyester products, including additives and processingchemicals. The technology even enables users to recover,for example, DMT from polyester products that is as pureas that manufactured from oil, thus making it possible torecycle and reuse almost all polyester products.

Teijin has conducted research since 1962 to develop arecycling technology that chemically decomposes polyesterfibers and returns them to the raw material state. Thistechnology served as the foundation for the developmentof this revolutionary method for recovering DMT frompolyester products. By initiating a chemical reaction, userscan obtain terephthalic acid (TPA) from DMT thusrecovered, which can then be recycled into polyethyleneterephthalate (PET) bottles.

Outpatient vs. Home Hemodialysis

Recycling Process

Dialysis center: 4 hours x 3 times/week

Home hemodialysis: 2 hours x 6 times/week

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Home hemodialysis system underdevelopment by Aksys Ltd. of theUnited States.

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(nm)

Phase-Different Films for LCDs

With ordinary films for LCDs, variations in wavelengthresult in an extreme angle of torsion. To ease this problemand enhance effectiveness, most LCDs use two layers offilm glued together. Even with two layers, however, lightthat bends beyond the original angle of torsion leaks fromthe deflection plate, resulting in a slight divergence incolor from black to gray.

In developing its new phase-difference films forLCDs, Teijin’s researchers reexamined the polymer struc-ture of the film from the engineering stage and succeededin developing a film that generates an angle of torsionthat adjusts to wavelength, thus matching the direction ofthe light. A single layer of this new film thus offers greatersharpness of color than conventional two-layered films.

Solupor/Solufill

Solupor and Solufill are super high-molecular-weight porouspolyethylene two-way drawn films produced using a geltechnology. Both films were developed by DSM N.V. ofthe Netherlands, while DSM Teijin Solutech Limited inJapan was responsible for production technology andcommercial product development. Solupor, an innovative,ultrathin, multilayered engineering film similar in struc-ture to a nonwoven fabric, carries perforations of variousdiameters, ensuring extremely high chemical stability.Solupor is thus suitable for a wide range of uses, from pre-cision filters to battery separators. Solufill, which features aceramic content of more than 90% by weight, is a porouspolyethylene film with an independent filler and a struc-ture that resembles a Solupor frame around a filler. Thanksto its adjustable polyethylene content, Solufill can be usedto transform a broad range of ceramics into ceramic film,while the ultrahigh strength of the super high-molecular-

weight polyethylene used facili-tates outstanding thinness.Because of its suitability to han-dling and secondary processing,Solufill is acquiring attention asa new material for multilayeredceramic capacitors.

Structure of Reflective LCD

Deflection plate

1/4λWavelength plate

LC cell

Reflective electrodes

Idealphase change

Phase-Different Film for LCDs (relationship between

phase and wavelength)

Conventionalpolycarbonate film

Teijin’s new film

Solupor

Solufill

Wavelength (nm)

Phas

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(surface) (cross section)

(cross section)

Milling

Super high-molecular-weight porouspolyethylene

Die Two-waydrawing

Ceramic/solvent

Cooling roll

Extruder

Extrusion and Two-Way

Drawing Technology for

Manufacturing Films

(cross section)

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BESFIGHT for industrial use

Teijin’s Business Segments

Twaron for use in opticalfiber cables

CORTICO Tetoron woven fabric

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Tetoron® (Polyester fiber) A representative synthetic fiber produced forthe first time in Japan by Teijin and Toray Co., Ltd., in 1958. Very strong,yet easy to care for. Excellent chemical, weather and heat resistance. Foundin a broad range of applications including apparel, industrial and consumeruses. Our Shingosen high-value-added polyester fibers, offering a distinctivefeel and touch, created a new era in the history of the apparel industry.Under the concept of Comfortable Wear, our Shingosen has seenapplications expand in various fields. Main brands:

Filament Aerocapsule SeriesLegerete SeriesMilpa SILBLACK ComsoftROCHET RAIO Microft <Rectas>ESUVIRON ESPESO SHALLTRAYACLINER ANANCIO SHARIARTCORTICO Wellkey

Staple fiber Chemitac Mightytop ESCUSAWellkey

REXE® (Polyetherester elastic yarn) Excellent moisture, heat andchlorine resistance. Unique in that it can be combined with polyesterfiber. Used for sportswear as well as women’s apparel.Microstar® (Ultrafine microfiber fabric containing differentkinds of filaments) A high-density fabric composed of ultrafinemicrofibers. Used as wiping cloth for home and industrial applications.ECOPET ® (Polyester fiber made from recycled PET bottles)Developed as a part of Teijin’s environmental preservation efforts, this ma-terial is made from PET bottles collected and recycled by the Companyand used in apparel and miscellaneous sundries.TEIJINCONEX® (Meta-linked aramid fiber) Developed by Teijinin 1971. Extremely heat resistant and flame retardant. Used in industrialmaterials, such as automotive, electronic and heat-resistant products, andin apparel and interior applications such as fire-fighting equipment, workclothes and aircraft interiors.Technora® (Para-linked aramid fiber) Developed by Teijin in 1987.High heat resistance, high strength and high modulus. Used in a widerange of industrial applications, including construction materials, electron-ics, ropes, protective clothing, concrete reinforcement and various sports-related fields.Acetate A semi-synthetic fiber. Known for its unique luster. Excellentdyeability and moisture transmission. Commonly used for women’s outer-wear as well as various other applications. Main brands:

Rosel JIPE Mixel-ATTeviron® (Polyvinyl chloride fiber) A synthetic fiber developed byTeijin in 1956. Characterized by heat retention, moisture transmission,flame retardance and chemical resistance. Consumer uses include underwear,blankets and similar items. Also desired for its functionality in industrial andvarious other applications.Cordley® An artificial leather created from a combination of nonwovenfabric made of unique Tetoron® staple fiber and polyurethane material.Used in apparel, interior furnishings and sports applications.Nylon A representative synthetic fiber. Super strong, durable, and dyeable.Widely used in industrial and apparel applications in everything from carpetsto panty hose and sportswear. The nylon business of Teijin was transferredto Teijin DuPont Nylon Limited (TDN), an equal joint venture withDuPont established in September 1995. TDN is engaged in sales of productsmade by using Nylon 66 and Nylon 6.

Fibers and Textiles

Attractive, high-quality materials for fashionand industry in the futureI n addition to polyester fibers, notably Tetoron, its

best-known brand, Teijin’s fibers operations encompassTEIJINCONEX, Technora and Twaron aramid fibers,BESFIGHT carbon fibers, Teviron polyvinyl chloride fi-bers, Cordley artificial leather and acetate fibers. In its corepolyester fibers business, Teijin has established productionfacilities for fibers and textiles in Japan, the PRC, South-east Asia, Europe and North America, ensuring its abilityto respond promptly and effectively to market needsworldwide. In April 2001, Teijin reorganized its operationsin this segment into three separate function-based businessgroups to enhance the efficiency of efforts to strengthentechnological, sales and marketing capabilities.

The Textile Fibers Business Group is charged withstrengthening global operations, promoting intensiveinvestment of domestic management resources and imple-menting other drastic measures to enhance cost competi-tiveness and reinforce Teijin’s marketing, technological andmanufacturing structures. At the same time, the Group ismaximizing Teijin’s extensive lineup of high-quality prod-ucts to respond to market needs and cultivate newdemand. In response to increasing social awareness, thegroup is also promoting ECOPET, a fiber made fromrecycled PET, and is involved in such forward-lookingendeavors as the ECOCIRCLE System, which facilitatesthe recycling of used fiber products.

The Industrial Fibers Business Group is primarilyresponsible for Teijin’s highly competitive aramid fibers,carbon fibers and other functional fibers. In response togrowth in the market for aramid fibers, which offer out-standing heat resistance and strength, Teijin reinforced itsoperations in this sector by acquiring the Twaron para-linkedaramid fibers business unit of Acordis B.V. of theNetherlands. The acquisition of a stake in Toho Tenax alsoadded carbon fibers to Teijin’s functional fibers lineup,

Expansion of production capacity for polyester fibers at TIFICO

Indonesia’s textile manufacturers are maximizing their principalcompetitive advantages, namely, cost competitiveness and advancedspinning facilities, to expand their presence, particularly in exportmarkets. Accordingly, local demand for high-quality polyesterstaple fibers is forecast to expand. In response, subsidiary P.T.Teijin Indonesia Fiber Corporation (TIFICO) decided toincrease its daily production capacityby 120 tons. The company beganconstruction of new facilities inOctober 2000, which it expects tocomplete by the end of 2001.

positioning the Company to respond to a broader rangeof market needs.

The Fiber Products Marketing Business Group centerson NI Teijin Shoji Co., Ltd., created in April 2001 throughthe merger of Teijin Shoji Co., Ltd, the Teijin Group’s trad-ing company, and Nissho Iwai Apparel Co., Ltd. TheGroup is in charge of Teijin’s textile and apparel trading,retailing and distribution, and fiber products.

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Steel beverage cans usinglaminated film

Teonex film for digital videocassettes (DVCs)

Returnable PEN bottles

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Advanced films and plastics offering strengthand adaptability A s of January 1, 2000, Teijin integrated its films opera-tions, which center on PET film, with those of DuPont ofthe United States, to form a global joint venture withoperations in seven countries, including Teijin DuPontFilms Japan Limited in Japan. The new joint venture is theworld’s largest film manufacturer in terms of productioncapacity and market share and thus enjoys a considerablecompetitive edge.

Teijin’s PET film, which has broad applications inadvanced magnetic media and industrial materials, hasseen particularly sharp growth in demand from manufac-turers of office automation and electronics equipment and

related supplies, reflecting the rapid expansion of theinformation equipment sector. PEN film, a proprietaryproduct that continues to earn praise for its outstandingperformance, is used extensively as a base film in DVCs,data storage and other advanced magnetic media, and inproducts for the Advanced Photo System (APS), a newglobal photography standard.

Teijin’s polycarbonate resin—manufactured and soldby subsidiary Teijin Chemicals Ltd.—continues to enjoyfirm demand for use in advanced optical discs, as well asfor applications in the electronics and electrical fields,owing to its outstanding optical characteristics. Teijin’splastics operations also encompass PET resin for bottlesand other packaging materials, and engineering plastics,such as polybutylene terephthalate (PBT) and glass fiber-reinforced PET (FR-PET) resins, which are used primarilyfor industrial applications, such as automobile andelectronic components.Production capacity for Purex film expanded

Purex film is manufactured by coating a specially developedpolyester film using sophisticated and highly clean surface treat-ment—primarily release-coating-processes. A broad range offilms in the Purex lineup, facilitated by the Group’s advancedchemical technologies and accumulated processing technologies,enable Teijin to guarantee stable, high quality. Accordingly,Purex film is used widely in the manufacture of electronicdevices, notably semiconductors, LCDs and ceramic capacitors,specialized adhesive films and medical applications.

In 2000, Teijin responded to rising demand by installinga new coating line for Purex film with an annual productioncapacity of 36 million square meters at the Utsunomiya Factory.Teijin will continue to capitalize on growth in the market forcoated polyester films by enhancing the performance of Purexfilm for existing applications and developing varieties for newapplications.

Tetoron® Film, Melinex® Film, Mylar® Film (Polyethylene terephthalate[polyester] films) Core products in the Teijin Group’s films business. Numerousapplications, including video and audio tapes, floppy disks, membrane switches,thermal printer ribbons, magnetic cards, color overhead transparency films andlaminating films for beverage cans.

Teonex® Film (Polyethylene naphthalate film) A next-generation film,stronger, more rigid and more heat resistant than PET film. Popular for use ina growing number of applications, including long-playing magnetic tapes, high-density magnetic tapes, photographic film for APS, small heat-resistant capacitorsand electrical insulation.

Purex® Film (Coated polyester film) Mainly used as a releasing material in themanufacture of semiconductors, LCDs, printed circuit boards, ceramic capacitorsand medical applications.

Panlite® (Polycarbonate resin) An engineering plastic noted for its excellentheat and impact resistance. Also highly transparent. Popular in a broad range ofapplications, including electric and electronic components, CDs, precisionequipment, automobiles and construction materials. New production facilitycompleted in Singapore in 1999.

Panlite® Sheet (Polycarbonate resin sheet) Valued for its excellenttransparency and heat and impact resistance. Applications under development insuch areas as construction materials and automotive glass substitutes. Leader in themarket for thin, high-quality resin sheets, benefiting from rising demand for use inelectric and electronic components.

PET Resin for Bottles (Polyethylene terephthalate resin) Highly transparent,strong, and impermeable to gas. Typically applied to PET bottles, and increasinglyused for storage containers.

PEN Resin (Polyethylene naphthalate resin) A transparent resin withproperties of excellent gas barrier, anti-hydrosis, heat resistance and UV shielding.Has been under development for applications such as refillable bottles and others.

FR-PET® (Glass fiber-reinforced polyethylene terephthalate resin)Originally developed by Teijin as the first PET engineering plastic in the world.Used in automotive and electronic components and home electronic products dueto its high mechanical strength, heat resistance and cost-performance.

PBT Resin (Polybutylene terephthalate resin) A typical engineering plasticwith superior toughness and heat resistance. Teijin has developed special grades forelectronic components: less volatile-gas grade and laser-markable grade, etc.Specially developed grades for automotive electrical parts such as connectors arenow on the market.

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Films and Plastics

Face mask made with Purex

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Teijin’s pharmaceuticals

Hi-Sanso therapeutic oxygenconcentrator

NIP NASAL®

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Venilon® (S-sulfonated human immunoglobulin) Ethical drug. Intravenoushuman immunoglobulin preparation.

Onealfa® Tablet and Solution (Alfacalcidol) Ethical drug. An active form ofvitamin D3, used in the treatment of osteoporosis.

Bonalfa® (Tacalcitol) Ethical drug. An active form of vitamin D3.

Laxoberon® Tablet and Solution (Sodium picosulfate) Ethical drug.Laxative (solution used in drop form).

Mucosolvan® Tablet, Solution, Syrup and L Capsule (Ambroxolhydrochloride) Ethical drugs. Mucolubricants.

Spiropent® Tablet and Granules (Clenbuterol hydrochloride) Ethical drug.Long-acting bronchodilator. Therapeutic agent for stress incontinence.

Atrovent® (Ipratropium bromide) Ethical drug. Anticholinergic prophylaxis forbronchial constriction; pitutia inhibitor.

Rhinocort® (Beclomethasone dipropionate) Ethical drug. For treatment ofanaphylactic rhinitis, adhering to the mucous membrane.

Aftach® (Triamicinolone acetonide) Ethical drug. Adhesive topicalpreparation for treatment of aphthous stomatitis.

Salcoat® (Beclomethasone dipropionate) Ethical drug. Spray-type drug fortreatment of stomatitis.

Saliveht® Ethical drug. Artificial saliva.

Solmiran® (Ethyl icosapentate) Ethical drug. Microcrystalline capsule-formtreatment for arteriosclerosis.

Antup® (Transdermal preparation of isosorbide dinitrate) Ethical drug.Transpired patch for patients with ischemic heart disease.

Bolheal ® Ethical drug. Biogenic tissue adhesive.

Teiroc® Injection (Alendronate sodium hydrate) Ethical drug. Boneresorption inhibitor, therapeutic agent for hypercalcemia. (Teiroc® is a registeredtrademark of Merck & Co., Inc., Whitehouse Station, N.J., U.S.A.)

Sofit® (Sodium picosulfate) Over-the-counter drug. Drop-type laxative.

Pattel® OTC drug. Adhesive topical preparation for treatment of aphthous stomatitis.

Hi-Sanso/Mildsanso® Series (Therapeutic oxygen concentrators forHOT) These units provide a highly concentrated oxygen supply to patientssuffering from chronic respiratory failure. The series includes a full range of modelsthat deliver as little as two or as much as seven liters of oxygen per minute.

Sansosaver® (Oxygen demand valve device) Equipped with a highly sensitivepressure sensor and microcomputer, this unit delivers oxygen only when the patientinhales. This minimizes oxygen wastage during exhalation and prolongs the lengthof time the unit can be used.

PULSOX® -M Series (Portable pulse oximeter) Developed in cooperationwith Minolta Co., Ltd., this unit is used to measure oxygen saturation and pulse rate.A new model with a 24-hour memory function is also available.

NIP NASAL® (Bi-level positive pressure ventilator) Small, portableventilator for patients suffering from chronic or acute respiratory failure that deliverstwo set pressures through a comfortably fitted nasal mask to assist breathing andstimulate the expulsion of carbon dioxide. Developed by Teijin and ResMedLimited of Australia, this unit is particularly suited to home health care.

SLEEPMATE ® (Positive pressure ventilator) Positive-pressure ventilator forsufferers of sleep apnea with a comfortable mask that ensures stable pressure andprevents breathing lapses, permitting uninterrupted sleep.

SAFHS® (Sonic Accelerated Fracture Healing System) The world’s firstbone fracture treatment device to use pulsed ultrasound. Therapy with SAFHS®

once a day for only 20 minutes significantly reduces the time necessary to healfractures. SAFHS® is imported from Exogen, Inc., of the United States.

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Pharmaceuticals and Home Health Care

Products that contribute to health and a betterquality of life T eijin’s pharmaceuticals and home health-care operationsdate back nearly 30 years. Since then, the Company haspursued independent research as well as cooperative effortswith leading organizations in Japan and abroad to strengthenits specialized capabilities. In 1982, Teijin became the firstcompany in Japan to offer HOT. The Company has alsobrought to market more than 10 innovative pharmaceuti-cals in three therapeutic areas: cardiovascular disorders,respiratory ailments and bone calcium metabolism disor-ders. These include Venilon®, an intravenous immunoglo-bulin preparation for treating severe infectious diseases;Onealfa®, an osteoporosis treatment; and Mucosolvan®, amucolubricant used as an expectorant. In 1996, Teijinestablished its own nationwide direct sales network forpharmaceuticals.

The Company has created a nationwide network ofsix sales companies through which it cooperates with localhealth-care professionals to provide timely and personal-ized HOT and other home health-care products andservices, contributing to a better quality of life for patients.Teijin was the first in Japan to market SAFHS (SonicAccelerated Fracture Healing System), a supersonic bonefracture treatment device. More recently, the Companydeveloped and marketed AtLast®, a personal blood sugarmeasuring system. In response to the implementation ofa new nursing care insurance scheme in Japan, Teijin hasestablished a nationwide network of seven visiting nursingunits. In November 2000, the Company signed a businessand capital tie-up agreement with private nursing services

AtLast® personal blood sugar measuring system

In fiscal 2000, Teijin marketed AtLast®, a personal bloodsugar measuring system which enables people with non-insulindependent diabetes to monitor their blood sugar levels easilyand accurately at home. An innovative technology enables usersto draw blood from the thigh or leg, making it considerably lesspainful to use than conven-tional systems, which drawblood from the fingertip.AtLast® thus frees young chil-dren and adults who work withtheir hands from the discomfortof conventional systems, and is,therefore, expected to contributeto an improved quality of lifefor many diabetes sufferers.

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specialist Japan Care Services Co., Ltd.Teijin is reinforcing its R&D capabilities by entering

into licensing agreements with leading overseas organiza-tions. In May 2000, the Company completed a clinicaltesting facility in Princeton, New Jersey. In response torevisions to Japan’s national health insurance scheme,which reduced financial assistance for medical treatment,Teijin reorganized its Pharmaceutical and Home HealthCare segment operations in April 2001 to enhance effi-ciency and position itself to respond better with effectivehealth care in a rapidly aging society.

6666

Precision equipment for high-performance industrial robots

Elevator hoisting device

Automatic packaging machine

6666

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6767

Bringing value-adding technologies together toenhance reliabilityT his segment centers on subsidiary Teijin Seiki Co., Ltd.,a machinery manufacturer, which is currently expandingits operations to encompass a broad range of fields,including precision equipment, aircraft and oil hydraulicequipment, and textile and industrial machinery.

In the area of precision equipment, Teijin Seiki iscultivating operations in such promising areas as precisionreduction gears for industrial robots and semiconductormanufacturing equipment, three-dimensional and opticalmodeling equipment for complex molding, high-performanceheat control devices using snaking heat pipes, and digitallogging systems for call centers and financial institutions.

In aircraft and hydraulic equipment, Teijin Seiki suppliesoil hydraulic actuators for navigating instruments andother products to leading global aircraft manufacturers.The Company won an order from the Boeing Co. for fly-by-wire flight control systems for the Boeing 777 airliner,an achievement that has attracted considerable attentionfrom other aerospace companies. Recently, Teijin Seiki hasstepped up efforts to market to manufacturers of small andmedium-sized aircraft, such as the Cessna Aircraft Com-pany. In the oil hydraulic equipment sector, Teijin Seiki isknown for its specialized oil hydraulic motors for powershovels, and is currently developing applications for itshighly competitive technology in agricultural machineryand various types of construction equipment.

Textile and industrial machinery operations focus onfiber processing equipment. Teijin Seiki enjoys a solidreputation for its integrated fiber manufacturing systems,which comprise spinning machines, take-up machinesand draw-texturing machines. With demand growing forenvironment-friendly packaging, Teijin Seiki also expectsto see brisk growth in sales of automated packagingequipment to manufacturers of food products, cleaningproducts, cosmetics and other items.

This segment also includes plant engineering projectsand measuring instruments. These operations are thebusiness of subsidiary Teijin Engineering Ltd., which ispromoting the development of next-generation, leading-edge technologies.

Optical modeling system business integrated at CMET Inc.

Three-dimensional and optical modeling systems, which use nomolds, are garnering considerable attention from manufacturerseverywhere. Based on expectations of significant growth in themarket for such equipment, on April 1, 2001, Teijin Seiki inte-grated its optical modeling system operations at CMET Inc., aTokyo-based subsidiary. Optical modeling systems use computer-aided design (CAD) data to irradiate UV-hardening moldingresins with UV laser beams and solidify them into three-dimen-sional shapes, and can be used for pilot production of, for example,automotive components and cellular telephones. In the nearfuture, optical modeling systems are also expected to find appli-cations in mass production, a development that bodes well for thefuture expansion of this market.

Precision Equipment and New BusinessesPrecision equipment Teijin Seiki manufactures precision reduction gears for industrialrobots for the world’s top names in robotics, and boasts cumulative shipments inexcess of one million units to date. Capitalizing on the high rigidity and precision ofthese products, the company is expanding applications for these reduction gears insuch areas as machine tools, industrial equipment and semiconductor-relatedequipment.Optical Modeling Systems This category includes revolutionary three-dimensionaland optical modeling systems that facilitate fully automated modeling based on CADdata. To reinforce its marketing capabilities for these systems, Teijin Seiki integrated allrelated operations at subsidiary CMET Incorporated.Others Other products in this category include vacuum pumps, vacuum devices anddigital logging systems. Marketing efforts focus on high-growth industries.Principal products: High-precision reduction gears and actuators, SOLIFORM,three-dimensional and optical modeling systems, vacuum pumps, vacuum devices,heat pipes, digital logging systemsAircraft and Oil Hydraulic EquipmentAircraft equipment Teijin Seiki supplies major aircraft manufacturers, such as Boeingand Cessna Aircraft, with oil hydraulic actuators for flight control and a wide range ofother products, and is gradually expanding its presence in the private-sector marketfor such equipment.Hydraulic equipment Teijin Seiki manufactures and sells oil hydraulic travel motorsfor excavators for construction and other uses, and enjoys the top share of thedomestic market for integrated compact units combining reduction gears, hydraulicmotors, valves and parking brakes. Teijin Seiki has established a joint venture for theseproducts in Shanghai, in the PRC. The company is also developing applications forthese products in agricultural machinery and other areas.Principal products: Aircraft equipment (flight control systems, engine/fuelaccessories, oil hydraulic equipment, constant speed drive units for power generation,electronic devices, aerospace equipment), oil hydraulic motors, swing motors, varioustypes of hydraulic motors for winchesTextile and Industrial MachineryTextile machinery Teijin Seiki supplies customers worldwide with advancedintegrated textile manufacturing systems, comprising spinning machines, take-upmachines and draw texturing machines, that respond to customer needs forautomation and reduced energy consumption. Teijin Seiki’s new high-speed draw-texturing machine, High-Temperature Heating System (HTS), has attractedconsiderable attention for effectively anticipating customer needs.Industrial machinery This category comprises automatic packaging equipment,primarily for food products. With needs increasing for more environmentally sounddisposable food packaging, demand for these products is growing from a variety ofindustries, including manufacturers of detergents, cosmetics and pharmaceuticals.Principal products: Spinning machines, take-up machines, HTS draw-texturingmachines for synthetic fibers, automatic weighing machines, various types ofpackaging machines, multiforming machines, machine tools for constant velocityjoint processing machines.Plant EngineeringThis segment also includes commission-based engineering and construction ofmanufacturing facilities for products such as synthetic fibers, nonwoven textiles, film,film coatings and pharmaceuticals, as well as automated systems for steel pipefinishing, food processing, production of artificial organs and medical equipment.Teijin Engineering also responds to customer needs for clean air-conditioning andcogeneration systems.Principal products: Various types of large production equipment and others

Machinery and Engineering

68686868

Magneto-optical (MO) discs

Portable telephones withPUREACE LCDs

Truck body made with Metton

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6969

Advanced, original system solutions andstate-of-the-art materialsT eijin’s IT Business Group comprises Infocom Corpora-tion, the company resulting from the merger of softwaredevelopment subsidiary Teijin Systems Technology andthe former Infocom, and affiliate Teijin Cognos Inc. Corefirm Infocom has positioned trunk system constructiontechnology-based mobile Internet services and innovativepackaged solutions in the medical and scientific fields as itsprincipal growth drivers. The company is also emphasizingspecialized areas, such as knowledge management and pat-ents, and is marketing business systems to customers in thepublic and private sectors. By building on its success inthe information services for cellular phone users, thecompany will expand its focus to include a variety ofother e-businesses.

New businesses center on electronics- and environment-related operations. Electronics-related products includePUREACE, a solvent cast polycarbonate film used inplastic LCD substrates, and ELCLEAR, a plastic substratemade with PUREACE. Group company DSM TeijinSolutech Limited focuses on specialty engineering films.New businesses also contribute to the Company’s otherbusinesses, such as health care and environmental services,through such products as Ultressa, a compact high-pressure

New Products and Other Businesses

New Infocom commences operations

The IT sector offers outstanding growth potential. At thesame time, competition among product and service providersis expected to intensify significantly in the years ahead.Success in this market will depend on having clearly de-fined business domains and specific core competencies, aswell as the backing of a solid corporate organization andflexible and swift responsiveness. To reinforce its position inthis field, in April 2001, Teijin merged busi-ness solutions development subsidiary TeijinSystems Technology withInfocom, a firm particularlystrong in mobile content devel-opment, creating a new com-pany that operatesunder the Infocomname and is thecore company ofTeijin’s ITBusiness Group.

canister used in HOT systems and for fuel tanks innatural-gas-powered vehicles, and Metton, a resin for large,molded products, such as home-use septic tanks. Informa-tion and media operations encompass the supply and saleof MOs.

ITContent for cellular phone companies Ringing tone melodies, celebrityinformation, news, FunNaviTM geographical navigation, TicketNaviTM ticket agencyand short message services.

Show N Tel® CTI system construction software.

SpeechMania® Natural conversation-based voice recognition system.

SpeakEZ Voice recognition technology-based identity validation systems.

PICS A medicine dosage instruction support system. Provides information on thehistory of medication of hospitalized patients and outpatients at hospital prescriptioncounters and provides support for dosage instructions.

DICS A system to support clinical testing on drug interaction. Based on MEDI-DCdrugs database, the system supports verification of drug interaction. Allowshigh-speed full text retrieval using keywords.

Medi-BankTM Post-discharge summary and medical examination informationmanagement system.

GeneLime A high-capacity, total-solution genomic information analysis systemwith features ranging from genetic and sequencing data management to data miningand function analysis in a single package.

GIAS Internet-based high-precision genetic information retrieval services.

Eprise Participant Server A Web site content management tool that enables thecreation and amendment of content from all browsers.

PitBullTM trusted OS A security system for Web platforms.

MyQuick® , Open Text® High-speed full text retrieval network filing systems.

InfoLib® System for building electronic libraries.

EO (Everything Over IP) A new telecommunications network service using theIP net.

TOPAM® A patent management system providing support for the strategic use ofpatent information.

NEOSS A client/server electronic output support system.

New BusinessesPUREACE® (Solvent cast polycarbonate film) Outstanding optical properties,the absence of foreign substances within the film and a uniform thickness suit thisfilm to applications in the optical field. Its integrated production, from flow-casting tostretching, make it suitable for use in LC-related products, such as opticalcompensation film and plastic substrates, as well as an increasing number of otherapplications.

Plastic LCD film substrate Manufactured with optical isotropic polycarbonatefilm and featuring an oxygen and steam barrier coating and clear conductive finish.Plastic LCDs are popular for use in pagers, portable telephones and personal digitalassistants because of their light weight, thinness and resistance to breakage.

Solupor® /Solufill® (Super high-molecular-weight porous polyethylene film)Engineering film with a molecular weight of 5 million to 7 million. There are twotypes available: Solupor, with high microporosity and toughness achieved throughtwo-way drawing and Solufill, kneaded with inorganic substances. Marketed by DSMTeijin Solutech mainly for electronics-related industries.

Metton® (Polydicyclopentadiene resin) A two-liquid thermosetting resinmanufactured and marketed by Teijin Metton Co., Ltd. Facilitates quick molding oflarge, complicated parts.

Ultressa® (FRP composite vessels) Lightweight and safe, these high-pressurevessels—manufactured by SCI and imported and marketed by Teijin—incorporateaerospace technology. Typically used in respiratory devices and other life-supportsystems, including oxygen supply equipment and natural-gas-powered automobiles.

Magneto-optical (MO) disc Features a substrate composed of polycarbonate anda thin film developed using Teijin’s high-precision processing and thin-filmtechnologies. Available in 3.5-inch (128MB, 230MB, 540MB, 640MB andDOW640MB) size.

7070

Corporate OrganizationTeijin Limited(As of July 1, 2001)

● Corporate Strategy & Planning Office

● Polymer Research & Development Center

● Intellectual Property Center

● Engineering Center

● Logistics Center ● Teijin Logistics Co., Ltd.

● Kokuka Sangyo Co., Ltd.

● Teijin Creative Staff Co., Ltd.

● Teijin Holdings USA Inc.

● Teijin Holdings Netherlands B.V.

● Textile Fibers ● Tetoron Business Unit ● Tetoron Filament Division ● Teijin Tecloth Ltd.Business Group

● Textiles Division ● Teijin Modern Yarn Co., Ltd.

● Kitasen Ltd.

● Teijin Polyester (Thailand) Ltd.

● Teijn (Thailand) Ltd.

● P.T. Teijn Indonesia Fiber Corporation

● Akra Teijin S.A. de C.V.

● Fibers Technology & ● Fibers Research & Development Division Production Business Unit

● Textile Technology Division

● Fibers Production Division

● Industrial Fibers ● Aramid Division ● Teijin Twaron B.V. Business Group

● Industrial Yarn Division

● Cordley Division

● Carbon Fiber Division ● Toho Tenax Co., Ltd.

● Teijin DuPont Nylon Limited

● Fiber Products ● NI Teijin Shoji Co., Ltd. Marketing

● Fiber Products Marketing Division Business Group

● Teijin Associa Retail Ltd.

● Films Business Group ● Teijin DuPont Films Japan Limited

● DuPont Teijin Films U.S. Limited Partnership

● DuPont Teijin Films UK Limited

● DuPont Teijin Films Luxembourg S.A.

● Plastics Business Group ● Teijin Chemicals Ltd.

● Medical & ● Pharmaceutical ● Pharmaceutical Research, Development & Technology DivisionPharmaceutical Business Unit

● Pharmaceuticals Marketing DivisionBusiness Group

● Home Health Care ● Home Health Care Research, Development & Technology DivisionBusiness Unit

● Home Health Care Marketing Division

● Machinery & 　 ● Teijin Seiki Co., Ltd.Engineering

● Teijin Engineering Ltd.Business Group

● New Business Development Business Group

● IT Business Group　　　　 ● Infocom Corporation

DivisionBusiness Unit

President & CEOCTOCMOCFOCHOCIO

CESHO

Corporate Officer Meeting

Management CommitteeEthics CommitteeStrategic Materials

Management Meeting

ESH CommitteeRM Committee

Human ResourcesCommittee

Board ofDirectors

AdvisoryBoard

Board ofAuditors

CTO: Chief technology officerCMO: Chief marketing officerCFO: Chief financial officerCHO: Chief human resources officerCIO: Chief information officerCESHO: Chief environment, safety and health officer

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Domestic Plants and Research CentersPlantsIwakuni Factory2-1, Hinode-cho, Iwakuni,Yamaguchi 740-8511, JapanTel: +81-827-24-6500 Fax: +81-827-24-5220Mihara Factory1-1, Enichi-cho 1-chome, Mihara,Hiroshima 723-8611, JapanTel: +81-848-63-3111 Fax: +81-848-63-3127Matsuyama Factory (North)77, Kita-Yoshida-cho, Matsuyama,Ehime 791-8530, JapanTel: +81-89-971-1000 Fax: +81-89-971-6446Matsuyama Factory (South)2345, Nishi-Habu-cho, Matsuyama,Ehime 791-8536, JapanTel: +81-89-973-7700 Fax: +81-89-973-7710Tokuyama Factory1-1, Yuka-cho, Tokuyama,Yamaguchi 745-0813, JapanTel: +81-834-25-4555 Fax: +81-834-25-2233Research CentersTokyo Research Center3-2, Asahigaoka 4-chome, Hino,Tokyo 191-8512, JapanTel: +81-42-586-8113 Fax: +81-42-587-2578Osaka Research Center4-1, Minohara 3-chome, Ibaraki,Osaka 567-0006, JapanTel: +81-726-43-1133 Fax: +81-726-43-1135Iwakuni Research Center2-1, Hinode-cho, Iwakuni,Yamaguchi 740-8511, JapanTel: +81-827-24-6523 Fax: +81-827-24-6564Overseas OfficesTeijin America, Inc.10 East 50th Street,New York, NY 10022, U. S. A.Tel: +1-212-308-8744 Fax: +1-212-308-8902Teijin Holdings USA Inc.10 East 50th Street,New York, NY 10022, U. S. A.Tel: +1-212-308-8744 Fax: +1-212-308-8902Teijin Desenvolvimento Agro-Pecu rio Ltda.Rua Abilio Soares, 233, andar 12,Conjunto 121, S o Paulo, SP 04005-900 BrazilTel: +55-11-889-8899 Fax: +55-11-889-8763Teijin Holdings Netherlands B.V.De Boelaan 7, Official,1083HJ Amsterdam, NetherlandsTel: +31-20-6465996 Fax: +31-20-6427675

Teijin Limited Europe OfficeLyoner Strasse 26, 60528,Frankfurt am Main, GermanyTel: +49-69-6680020 Fax: +49-69-66800231Teijin Limited London OfficePortland House, Stag Place,London SW1E 5RS, U.K.Tel: +44-20-7869-8016 Fax: +44-20-7869-8136Teijin Holdings UK PLCPortland House, Stag Place,London SW1E 5RS, U.K.Tel: +44-20-7869-8016 Fax: +44-20-7869-8136Teijin LimitedMilano Representative OfficeCorse Venezia 35,20121 Milano, ItalyTel: +39-02-76000008 Fax: +39-02-76027532Teijin LimitedHong Kong Representative Office812-814 AIA Tower, New World Center,20 Salisbury Road, Tsim Sha Tsui,Kowloon, Hong KongTel: +852-2739-9011 Fax: +852-2739-9708Teijin LimitedBeijing Representatitve OfficeRoom 609, Chang Fu Gong Office Bldg.,Jia-26, Jian Guo Men Wai St.,Beijing, 100022, PRCTel: +86-10-6513-9021 Fax: +86-10-6513-9025

(As of July 1, 2001)

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Major Subsidiaries and AffiliatesFibers and TextilesToho Tenax Co., Ltd.Manufacture and sale of carbon fiber38-16, Hongo 2-chome, Bunkyo-ku,Tokyo 113-8404, JapanTel: +81-3-5842-3700 Fax: +81-3-5842-3701http://www.tohotenax.comTeijin Modern Yarn Co., Ltd.Processing and sale of yarn for various textiles6-349, Imae-cho, Komatsu,Ishikawa 923-8550, JapanTel: +81-761-22-0935 Fax: +81-761-23-3638Teijin Tecloth LimitedManufacture, processing and sale of woolen, worsted andpolyester fabrics25, Aza-Tsutsumi Soto, Oaza-Shikan,Sobue-cho, Nakajima-gun,Aichi 495-8510, JapanTel: +81-587-97-1101 Fax: +81-587-97-1119Kitasen LimitedDyeing, processing and sale of synthetic woven andknitted fabricsRo-131, Daishoji, Kamifukuda-cho, Kaga,Ishikawa 922-8688, JapanTel: +81-7617-2-7720 Fax: +81-7617-2-7721Cordley Chemicals Ltd.Manufacture of artificial leatherI-446, Nagahisa, Nagahisa-cho, OtaShimane 694-0041, JapanTel: +81-854-82-2222 Fax: +81-854-82-7544Texet LimitedManufacture and sale of materials for industrial use25-15, Nihonbashi-Ningyocho 2-chome,Chuo-ku, Tokyo 103-0013, JapanTel: +81-3-3639-2226 Fax: +81-3-3629-2299Teijin Tedy Co., Ltd.Production and processing of synthetic yarn77, Kita-Yoshida-cho, Matsuyama,Ehime 791-8041, JapanTel: +81-89-972-3479 Fax: +81-89-972-1333Union Tire Cord LimitedProcessing of nylon and polyester tire cord1-1, Enichi-cho 1-chome, Mihara,Hiroshima 723-8611, JapanTel: +81-848-63-3120 Fax: +81-848-63-5347Wako Co., Ltd.Manufacture of synthetic woven fabrics3-6, Tsuboe, Maruoka-cho, Sakai-gun,Fukui 910-0208, JapanTel: +81-776-66-0688 Fax: +81-776-66-4955Teijin Monofilament LimitedManufacture and sale of monofilaments1-3, Nishi-Shimbashi 1-chome, Minato-ku,Tokyo 105-0003, JapanTel: +81-3-5521-1750 Fax: +81-3-3508-0040

Directory

7272

Yasuhara-Orimono Co., Ltd.Manufacture and sale of synthetic woven fabrics257, Shimo-Yasuharacho-nishi, Kanazawa,Ishikawa 920-0371, JapanTel: +81-76-249-2143 Fax: +81-76-249-4628Teijin DuPont Nylon Limited (TDN)Manufacture, processing and sale of nylon fiber products6-12, Minami-Hommachi 2-chome, Chuo-ku,Osaka 541-0054, JapanTel: +81-6-6282-1177 Fax: +81-6-6282-1044DuPont Teijin Advanced Papers (Japan)LimitedManufacture and sale of aramid papers to the domestic andAsia-Pacific markets8-1, Shimo-Meguro 8-chome, Meguro-ku,Tokyo 153-0064, JapanTel: +81-3-5434-6607 Fax: +81-3-5434-6605Teijin Associa Retail LimitedRetailing of men’s and women’s apparel and relatedproducts, and interior goods8-6, Shinkawa 1-chome, Chuo-ku,Tokyo 104-0033, JapanTel: +81-3-3206-5811 Fax: +81-3-3206-5816Folkner LimitedManufacture and sale of ready-to-wear apparel3-13, Otsuka 5-chome, Bunkyo-ku,Tokyo 112-0012, JapanTel: +81-3-3943-7133 Fax: +81-3-3943-7866Teiken LimitedManufacture and sale of supporters, underwear andother health-related garments6-7, Minami-Hommachi 1-chome, Chuo-ku,Osaka 541-8587, JapanTel: +81-6-6268-2130 Fax: +81-6-6268-2129Teijin WOW LimitedManufacture and sale of jeans and pants6-7, Minami-Hommachi 1-chome, Chuo-ku,Osaka 541-8587, JapanTel: +81-6-6268-3170 Fax: +81-6-6268-3179http://www.teijin-wow.comTeijin Evolte Co., Ltd.Import and sale of Trussardi-brand merchandise;manufacture under license11-1, Minami-Aoyama 6-chome, Minato-ku,Tokyo 107-0062, JapanTel: +81-3-5464-1061 Fax: +81-3-5464-0618

Films and PlasticsTeijin DuPont Films Japan LimitedManufacture and sales of polyester film1-1, Uchisaiwaicho 2-chome, Chiyoda-ku,Tokyo 100-8585, JapanTel: +81-3-3506-4243 Fax: +81-3-3506-4581http://www.dupontteijinfilms.comFilm Products Co., Ltd.Processing and treatment of film1357, Nanjo, Anpachi-cho, Anpachi-gun,Gifu 503-0123, JapanTel: +81-584-64-2289 Fax: +81-584-64-2794

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Teijin Chemicals Ltd.Manufacture and sale of polycarbonate resin and otherchemicals2-2, Uchisaiwaicho 1-chome, Chiyoda-ku,Tokyo 100-0011, JapanTel: +81-3-3506-4707 Fax: +81-3-3580-6680http://www.teijinkasei.co.jpHiroshima Plastic Co., Ltd.Manufacture and sale of plastics118 Aza-Komaruyama, Oaza-Yonemitsu,Happonmatsu-cho, Higashi-Hiroshima,Hiroshima 739-0133, JapanTel: +81-824-28-0048 Fax: +81-824-28-0052WinTech Polymer Ltd.Manufacture and sale of PBT resin and glassfiber-reinforced PET resin2-5, Kasumigaseki 3-chome, Chiyoda-ku,Tokyo 100-6006, JapanTel: +81-3-3593-2451 Fax: +81-3-3580-0664

Pharmaceuticals andHome Health CareTeysan Pharmaceuticals Co., Ltd.Manufacture and sale of medical and pharmaceuticalproducts to doctors1-5, Nihonbashi-Honcho 2-chome, Chuo-ku,Tokyo 103-0023, JapanTel: +81-3-3242-2311 Fax: +81-3-3242-3266Teijin Home Healthcare East Japan Ltd.Home health-care services in the Tohoku and Kanetsu areas11-27, Kami-ochiai 2-chome,Saitama 338-0001, JapanTel: +81-48-851-6366 Fax: +81-48-851-6355Teijin Home Healthcare Tokyo Ltd.Home health-care services in Tokyo and Koshin areas1-3, Nishi-Shimbashi 1-chome, Minato-ku,Tokyo 105-0003, JapanTel: +81-3-3506-4867 Fax: +81-3-3506-4869Teijin Home Healthcare Central Japan Ltd.Home health-care services in Tokai and Hokuriku areas12-35, Izumi 1-chome, Higashi-ku,Nagoya, Aichi 460-0001, JapanTel: +81-52-961-7610 Fax: +81-52-961-7578Teijin Home Healthcare Kansai Ltd.Home health-care services in the Kansai area2-5, Minami-Hommachi 2-chome, Chuo-ku,Osaka 541-0054, JapanTel: +81-6-6268-3384 Fax: +81-6-6268-3350Teijin Home Healthcare West Japan Ltd.Home health-care services in Chugoku and Shikoku areas13-4, Nobori-cho, Naka-ku,Hiroshima 730-0016, JapanTel: +81-82-228-0691 Fax: +81-82-228-0568Teijin Home Healthcare Kyushu Ltd.Home health-care services in Kyushu areas1-5, Hakata-eki Minami 2-chome, Hakata-ku,Fukuoka 812-0016, JapanTel: +81-92-481-2315 Fax: +81-92-471-6603

Machinery and EngineeringTeijin Seiki Co., Ltd.Manufacture and sale of aerospace oil hydraulic equipment3-1, Nishi-Shinbashi 3-chome, Minato-ku,Tokyo 105-8628, JapanTel: +81-3-3578-7450 Fax: +81-3-3578-7470http://www.teijinseiki.co.jpTeijin Seiki Textile Machinery Co., Ltd.Manufacture and sale of textile equipment77 Kitayoshida-cho, MatsuyamaEhime 791-8513, JapanTel: +81-89-971-2121 Fax: +81-89-973-3033Toyo Jidoki Co., Ltd.Manufacture and sale of automatic weighing machines27-12, Hamamatsu-cho 1-chome, Minato-ku,Tokyo 105-0013, JapanTel: +81-3-3437-3251 Fax: +81-3-3434-6932http://www.tyj.co.jpTeijin Engineering Ltd.Engineering projects6-7, Minami-Hommachi 1-chome, Chuo-ku,Osaka 541-8587, JapanTel: +81-6-6268-2221 Fax: +81-6-6268-2291Kure Kogyo Co., Ltd.Planning and manufacture of facilities2-1, Hinode-cho, Iwakuni,Yamaguchi 740-0014, JapanTel: +81-827-21-8111 Fax: +81-827-22-4743

IT and New BusinessesInfocom CorporationDevelopment and sale of computer software11, Kanda-Surugadai 3-chome, Chiyoda-ku,Tokyo 101-0062, JapanTel: +81-3-3518-3000 Fax: +81-3-3518-3900http://www.infocom.co.jpTeijin Cognos Inc.Import and sale of computer software from Cognos35-10, Hongo 2-chome, Bunkyo-ku,Tokyo 113-0033, JapanTel: +81-3-5802-8251 Fax: +81-3-5802-8254http://www.cognos.com/jpDSM Teijin Solutech LimitedImport and sale of engineering film16-5, Nishi-Shimbashi 1-chome, Minato-ku,Tokyo 105-0003, JapanTel: +81-3-3503-3911 Fax: +81-3-3503-3914Teijin Metton Co., Ltd.Manufacture and sale of Metton liquid molding resin1-1, Uchisaiwaicho 2-chome, Chiyoda-ku,Tokyo 100-8585, JapanTel: +81-3-3506-4133 Fax: +81-3-3506-4488Teijin Eco-science LimitedEnvironmental assessment, analysis and measurement3-8, Mita 3-chome, Minato-ku,Tokyo 108-0073, JapanTel: +81-3-5440-4302 Fax: +81-3-5440-4307http://www.teijin-eco.co.jp

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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . .

Trading and OthersTeijin Creative Staff Co., Ltd.Contract out personnel, administration, accounting andfinance services6-7, Minami-Honmachi 1-chome, Chuo-ku,Osaka 541-8587, JapanTel: +81-6-6268-2000 Fax: +81-6-6268-3210NI Teijin Shoji Co., Ltd.Import and export of fibers, machinery, chemicals andraw materials for fibers8-14, Minami-Hommachi 1-chome, Chuo-ku,Osaka 541-0054, JapanTel: +81-6-6266-8011 Fax: +81-6-6244-1217http://www2.ni-teijinshoji.co.jpTeijin Shokusan Co., Ltd.Building lessor, realtor and insurance agency1-21, Toranomon 1-chome, Minato-ku,Tokyo 105-0001, JapanTel: +81-3-3506-4923 Fax: +81-3-3595-0049Teijin Finance Ltd.Financing25-1, Nishi-Shinjuku 1-chome, Shinjuku-ku,Tokyo 163-0674, JapanTel: +81-3-5322-3050 Fax: +81-3-5322-3075Teijin Logistics Co., Ltd.Haulage and warehouse operation6-7, Minami-Hommachi 1-chome, Chuo-ku,Osaka 541-8587, JapanTel: +81-6-6268-2070 Fax: +81-6-6268-2074Teibi Ltd.Printing business and poblicity agent6-7, Minami-Hommachi 1-chome, Chuo-ku,Osaka 541-8587, JapanTel: +81-6-6268-2181 Fax: +81-6-6268-3017Teijin Technical Information Ltd.Research and translation of technical information andpatents1-1, Uchisaiwaicho 2-chome, Chiyoda-ku,Tokyo 100-8585, JapanTel: +81-3-3506-4083 Fax: +81-3-3506-4477Teijin Kosan Co., Ltd.Operation and management of welfare facilities77, Kita-Yoshida-cho, Matsuyama,Ehime 791-8530, JapanTel: +81-89-971-2222 Fax: +81-89-971-2225Gifu Kosan Co., Ltd.Operation and management of welfare facilities1357, Nanjo, Anpachi-cho, Anpachi-gun,Gifu 503-0123, JapanTel: +81-584-64-5917 Fax: +81-584-64-6375

Overseas Subsidiaries and AffiliatesP.T. Teijin Indonesia Fiber Corporation(TIFICO)5th Floor, Mid Plaza, Jalan Jend. SudirmanKav.10-11, Jakarta 10220, IndonesiaTel: +62-21-5706218 Fax: +62-21-5706214(TIFICO)P.T. Branta Mulia Teijin Indonesia (BTI)Jl. Pahlawan-Desa Karang Asem TimurCiteureup-Bogur, IndonesiaTel: +62-21-876-0864 Fax: +62-21-876-0865Teijin Polyester (Thailand) Limited (TPL)Teijin (Thailand) Limited (TJT)Teijin Industrial Park (Thailand) Ltd. (TIP)Teijin Cord (Thailand) Co., Ltd. (TCT)Teijin Unitika Spunbond (Thailand) Co., Ltd.(TUSCO)19th Floor, Ploenchit Tower, 898 Ploenchit Road,Lumpinee, Patumwan, Bangkok 10330,ThailandTel: +66-2-263-0700 (TPL, TJT, TIP, TCT)Tel: +66-2-263-0189 (TUSCO)Fax: +66-2-263-0710 (TPL, TJT, TIP, TCT)Fax: +66-2-263-0222 (TUSCO)Thai Namsiri lntertex Co., Ltd. (TNI)

Thai Namsiri Printing & Dyeing Co., Ltd.2nd Floor No.899, Thai C.C.TowerSouth Sathorn Road, Yannawa,Sathorn, Bangkok 10120, ThailandTel: +66-2-210-0789 Fax: +66-2-210-0777Tenax Fibers GmbH & Co., KGKasinostrasse 19-21 D-42103 Wuppertal,GermanyTel: +49-202-322352 Fax: +49-202-324887http://www.tenax-fibers.comTeijin Twaron B.V.Westervoortsedijk 73, P.O. Box 96006800 TC Arnhem, NetherlandsTel: +31-26-3662030 Fax: +31-26-3665854http://www.twaron.comTeijin Monofilament Germany GmbHMax-Fischer Str. 1186399 Bobingen, GermanyTel: +49-8234-992510 Fax: +49-8234-992112Teijin Monofilament U.S., Inc.991 Mount Pleasant Road (29307) P.O. Box 5450Spartanburg, SC 29304, USATel: +1-864-529-9206 Fax: +1-864-529-9279Nantong Teijin Co., Ltd.Nantong Economic & TechnologicalDevelopment Zone,Nantong, Jiangsu, PRCTel: +86-513-3599888 Fax: +86-2-513-3597819

TMI Europe S.p.AVia Ettore Ara 1, 13100 Vercelli, ItalyTel: +39-0161-227301 Fax: +39-0161-227302Akra Teijin S.A. de C.V.Boulevard diaz Ordaz, KM.333, col. La Leona,San Pedro, Garza Garcia,N.L. Mexico CP 66210Tel: +52-8-399-7100 Fax: +52-8-336-0860DuPont Teijin Films U.S. Limited PartnershipBarley Mill Plaza 27Wilmington, DE 19880-0027, U.S.A.Tel: +1-302-992-2998 Fax: +1-302-892-7253DuPont Teijin Films Luxembourg S.A.BP 1681, L-1016 LuxembourgGrand Duchy of LuxembourgTel: +352-2616-6212 Fax: +352-2616-6003P.T. Indonesia Teijin DuPont FilmsJL.MH. Thamrin, Kel. PanungganganKotamadya - Tangerang 15001, IndonesiaTel: +62-21-53122114 Fax: +62-21-53122116DuPont Teijin Films U.K. LimitedDelberttie RoadDrungans, Dumfries DG2 8YA, Scotland, U.K.Tel: +44-1387-247-222 Fax: +44-1387-258-201DuPont Teijin Films Netherlands B.V.Rozenburg WorksHarbour No. 5210, Merseyweg 12NL-3197 KG Botlek RT, NetherlandsTel: +31-181-24-5000 Fax: +31-181-24-5183DuPont Teijin Films China Limited1122 East Wing, New World Office Building,Salisbury Road, TST, Kowloon,Hong KongTel: +852-2734-5345 Fax: +852-2369-8151DuPont Teijin Advanced Papers (Asia) Limited

DuPont Teijin Advanced Fibers (HK) Limited1122 East Wing, New World Office Building,Salisbury Road, Kowloon,Hong KongTel: +852-2734-5457 (Asia)Tel: +852-2734-5429 (HK)Fax: +852-2734-5486 (Asia)Fax: +852-2734-4458 (HK)Teijin Polycarbonate Singapore Pte Ltd.152 Beach Road #17-03/04 Gateway EastSingapore 189721Tel: +65-298-8381 Fax: +65-298-6652Teijin Hong Kong Limited812-814 AIA Tower, New World Center,20 Salisbury Road, Tsim Sha Tsui,Kowloon, Hong KongTel: +852-2739-9011 Fax: +852-2739-9708

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Major Developments in Teijin’s History

1915Nov. Azuma Industries Ltd. rayon plant

established.1918Jun. Teikoku Rayon Co., Ltd.,

established.1927Feb. Commenced operation of Iwakuni

Plant. Began production of rayonfilament.

1934

Oct. Commenced operation of MiharaPlant. Began production of rayonfilament.

1936

May Production of rayon staple fibersbegan at Iwakuni Plant.

1938

May Production of rayon staple fibersbegan at Mihara Plant.

1942

Aug. Production of high tenacity yarnbegan at Mihara Plant.

1949

Jun. Production of rayon spun yarnbegan at Iwakuni Plant.

1950

Nov. Production of high tenacity rayonyarn began at Iwakuni Plant.

1951

Dec. Nagoya Plant established and beganthe production of rayon spun yarn.

1952

Sep. Laboratories established (currently,Iwakuni Research Center).

1955

Nov. Matsuyama Plant established andthe production of acetate filamentbegan.

1956

Oct. Production ofpolyvinylchloride fiberTeviron began atIwakuni Plant.

1978

Jan. Operations of IwakuniPharmaceutical Manufacturingcommenced.

Mar. Teijin Pharmaceutical Co., Ltd.,established.

Apr. Production of PET for bottles began.May Operations of spun yarn discontinued.

Nagoya Plant closed.Aug. Production and marketing of

hollow-fiber artificial kidneys began.1980

Feb. Marketing operations of TeijinPharmaceutical began with marketintroduction of Venilon and Laxoberon.

1982

Oct. Mild-Sanso TO-40 (membrane-typeoxygen concentrator) introduced tothe market.

1983

Apr. Construction of the Safety TestingCenter in conformity with GoodLaboratory Practices completed.

Oct. Teijin Pharmaceutical Co., Ltd.,merged with Teijin Limited.

1985

Aug. Operations of Utsunomiya Plantcommenced and production ofTetoron films began.

1987

Jul. Matsuyama and Ehime plants wereintegrated and named MatsuyamaPlant.

Sep. Production of Technora para-linkedaramid fibers began at MatsuyamaPlant.

1988

Jul. System Business Promotion Officeestablished.

1989

Jan. System Research and DevelopmentInstitute established.

Oct. New pharmaceutical factoryestablished in Iwakuni.

1990

May Production of PEN Teonex filmbegan.

1991

Sep. Established joint-venture companiesin Europe and the United Stateswith E.I. du Pont de Nemours andCompany (DuPont) of the UnitedStates to manufacture and marketpolyester films.

1992

Oct. Teijin Biomedical Laboratoryestablished in London.

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1957

Jan. Teijin and Toray Co., Ltd. licensed tointroduce production technologiesfor polyester fibers and films fromICI Ltd. of U.K. (signed on Feb. 7).

Jun. The trademark of polyester fibersdecided as Tetoron by Teijin andToray.

1958

Jun. Production of Tetoron began atMatsuyama Plant.

1960

Oct. Tokyo Research Laboratoriesestablished.

1961

Oct. Plastics and Films Group established.1962

Jul. Licenced to introduce productiontechnologies for Nylon 6 fromAllied Chemical Corp.

Nov. The corporate name changed toTeijin Limited.

1963

Apr. Plastics Research Laboratoriesestablished.

Nov. Production of nylon began atMihara Plant.

1964

Sep. Fiber and Textile ResearchLaboratories established.

1968

Apr. Tokuyama Plant commencedoperation and the productionof Tetoron staple fiber began.

1970

Oct. Ehime Plant commenced operationand the production of Tetoronfilament began.

1971

Apr. Production of heat-resistant andflame-retardant fiber TEIJINCONEXbegan at Iwakuni Plant.

Aug. Operations of Gifu Plantcommenced and the production ofTetoron films began.

Oct. Production of rayon filamentdiscontinued.

1973

Aug. Teijin Fher Medical Co., Ltd., jointlyestablished with Germany’sBoehringer.

Nov. Production of PBT, FR-PET beganat Iwakuni Plant.

1974

Jun. Medical and PharmaceuticalDivision established. Teijin Institutefor Bio-Medical Researchestablished.

1976

Jan. Production of Tetoron staple fiberbegan at Ehime Plant.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . .

7575

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1993Jun. Teijin’s Chiba Research Center

established.Teijin’s corporate philosophy andCorporate Code of Conductestablished.

Nov. TMI Europe S.p.A. establishedjointly with Mantero Seta S.p.A. ofItaly and ITOCHU Corporation ofJapan, to manufacture and marketpolyester filament fabrics.

1994Mar. Nantong Teijin Co., Ltd., established

with Nantong Economic &Technological Development ZoneGeneral Corp. of the PRC, tomanufacture and market polyesterlining.

Apr. MO discs business commenced.Sep. Established joint-venture companies

in Japan and Hong Kong withDuPont to manufacture and marketmeta-aramid papers.

1995Sep. Established a company jointly with

DuPont Kabushiki Kaisha tomanufacture and market nylon fibersin Japan.

Nov. Teijin Hong Kong Limitedestablished.

1996Jan. A joint-venture company established

with Cognos Inc., of Canada, forexclusive sale in Japan of theapplication-development productsand business intelligence productsdeveloped by Cognos.

Mar. Established P. T. Indonesia Teijin Filmsin Indonesia to manufacture andmarket Tetoron films.

Apr. Established a joint-venture companywith DuPont China Limited to sellmeta-aramid fiber products in thePRC, Macao and Hong Kong.

Oct. Commenced independent sales ofits drugs in Japan.

1997Apr. Established Teijin Unitika

Spunbond (Thailand) Co., Ltd., inThailand jointly with Unitika, forthe manufacturing and marketing ofpolyester spun bond.

May Teijin Polycarbonate Singapore PteLtd. established jointly with TeijinChemicals Ltd. in Singapore tomanufacture and sell polycarbonateresins.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . .

Feb. Teijin-Bayer Polytec Ltd. developedST-3000, a next-generationpolycarbonate resin for high-densityoptical discs.

Jul. Reached a basic agreement withCelanese AG to establish an acetatefilaments joint venture.

Sep. Expanded basic license agreementfor new steroid inhalers with BykGulden Lomberg of Germany.

Oct. Reached a basic agreement toacquire the Twaron products businessunit of Acordis B.V. of theNetherlands.

Nov. Reached a basic agreement topurchase the monofilaments businessof Johns Manville CorporationReached a basic agreement to entera business tie-up with Japan HealthCare Services Co., Ltd.Announced a new recyclingtechnology for making high-puritypolyester from recycled PET bottles.

2001Jan. WinTech Polymer Ltd., a PBT and

FR-PET resin manufacturerestablished in a joint venture withPolyplastics Co., Ltd., commencedoperations.Joined forces with Toray Industries,Inc., and NEC Corporation toestablish Eitopia K.K., an e-commercecompany for the fibers and textilesindustries.

Feb. Reestablished Twaron productsbusiness unit as Teijin Twaron B.V.Decided to expand production ofSolufill, an engineering film formultilayer ceramic capacitors.

Mar. PRC officials approved merger ofthe operations of the threecompanies comprising the NantongTeijin Group.

Apr. Teijin Shoji Co., Ltd., merged withNissho Iwai Apparel Co., Ltd.Increased stake in Akara Teijin,making the company a consolidatedsubsidiary.Implemented restructuring toreinforce consolidated management.Teijin Systems Technology Ltd.merged with the former InfocomCorporation.

Dec. Together with DSM Solutech B.V.of the Netherlands, established DSMTeijin Solutech Limited to importand market engineering films inJapan and the Asia/Pacific region.

1998Jan. Established the Ethics Committee.Apr. Started the new corporate ethics

activities (revised the CorporateCode of Conduct and established theCorporate Standards of Conduct).

Dec. Announced revamping of headoffice functions.Signed agreement with Byk GuldenLomburg Chemische Fabrik GmbHof Germany to develop and marketspray-type inhalers and a steroidpreparation in Japan.

1999Feb. Established Teijin Evolte Co., Ltd.,

a joint venture with Trussardi, S.p.A.,to handle sales of Trussardi-brandmerchandise manufactured in Japanunder license.

Apr. Acquired 50% interest in polyesterfilament manufacturer NovacorpS.A. of Mexico, and renamed itAkara Teijin S.A. de C.V.Decided to establish Advisory Boardand introduce Corporate Officersystem.

Jun. Expanded the scope of an in-homedialysis system licensing agreementwith U.S. firm Aksys, Ltd.

Sep. Acquired an equity stake in TohoRayon Co., Ltd. now called TohoTenax Co., Ltd.Completed construction of TeijinPolycarbonate Singapore’s first plant.

Oct. Signed a licensing agreement withTAP Holdings Inc. of the UnitedStates for TMX-67, a newtherapeutic agent for gout andhyperuricemia.

Nov. Acquired ISO 14001 certification,the International Organization forStandardization’s measure ofenvironmental management systems,for the last of the parent company’sdomestic plants.

Dec. Increased annual production capacityfor Teonex PEN film to 3,000 tons.

2000 Jan. Polyester film joint venture with

DuPont launched operations inseven countries.Announced medium-termmanagement plan, “Forward 2000.”

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Board of Directors, Corporate Auditors, Corporate Officers and Advisory Board

CORPORATE AUDITORS

Kunihiko NishimuraTadao AsakuraJunzo MatobaTamotsu KonoYoshikazu Ikeda

CORPORATE OFFICERS

Tatsuyuki NaruchiIsamu MatsudaToshio NaitoAkihiro OkataTakashi KishidaTakahiko TsujimotoYoji SuzukiShigeo OyagiHisaharu KogetsuTakao KawaiNaoto TakanoMasaaki YaoHiroyuki IimuroKatsuhiko FuruyaKazuo KatsukiJun Ogawara

ADVISORY BOARD

Hiroshi Itagaki (Chairman)

John A. KrolSir Ronald HampelMichihiko KunihiroYuzaburo MogiShosaku Yasui

President and C.E.O.Shosaku Yasui

Executive Vice PresidentMasao Matsuzaki

Senior Managing DirectorNoriaki Nagashima

Managing DirectorAkira Masuyama

Managing DirectorTakayuki Katayama

Managing DirectorToru Nagashima

DirectorMakoto Okitsu

DirectorKiyoshi Tsutsumi

DirectorMutsuhiko Yoshizumi

BOARD OF DIRECTORS

(As of June 21, 2001)

DirectorKenichiro Aida

177

Established June 17, 1918

Head Offices Osaka Head Office6-7, Minami-Hommachi 1-chome,Chuo-ku, Osaka 541-8587, JapanTokyo Head Office1-1, Uchisaiwaicho 2-chome,Chiyoda-ku, Tokyo 100-8585, Japan

Common Stock Authorized 1,931,345,000 sharesIssued 905,992,512 sharesPaid-in Capital ¥70,788 millionShareholders 111,549

Employees Parent Company 5,216Consolidated Subsidiaries 17,040 Total 22,256

Stock Exchange Listings Tokyo, Osaka, Nagoya, Fukuoka, Sapporo

Stock Transfer Agent The Toyo Trust and Banking Company, LimitedCorporate Agency Department

Dividends Dividends are usually declared in June and November. Dividends are usually paid in or about June and December.

Reports Available to Annual Report Shareholders and Fact Book Investors Kessan Tanshin (Japanese summary financial report)

Report on Environment, Safety and Health

Annual Meeting The annual meeting of shareholders is usually held before the endof June in Osaka.

Independent Public Asahi & Co. (Member firm of Andersen Worldwide SC) Accountants Osaka, Japan

Teijin on the Internet http://www.teijin.co.jpTeijin’s home page on the World Wide Web offers a wealth ofcorporate and product information, including the latest annualreport, financial results and corporate news.

Investor Relations If you have any questions or would like copies of any of ourreports, please contact:

Teruki NakajimaGeneral Manager

Investor Relations Department

1-1, Uchisaiwaicho 2-chome,Chiyoda-ku, Tokyo 100-8585, Japan

Tel: +81-3-3506-4407 Fax: +81-3-3506-4150

E-mail: ir@teijin.co.jp

Corporate Data(As of March 31, 2001)