kawasho corporation annual report 2001 2 financial highlights 3 president s message 4 reviews of operations 9 board directors 16 organization chart section 19 world network 40 major overseas group companies 42 company data 43 contents profile originally founded in 1954 has since expanded with iron and steel products at the center its business today trading span not only but also a diverse range sectors such as energy machinery shipping raw materials timber foods electronics increasing spread global standards is undergoing transformation to succeed 21st century recognizes that it cannot simply rely on past methods experience instead responding by showing flexibility required confront changes seize new opportunities for growth through creation functionalities values befitting united taking further strides forward so can make valid contribution betterment society consolidated subsidiaries years ended march 31 2000 1999 net sales gross