1955 Daiwa House Industry Co., Ltd. established; first house model, the "Pipe House," launched on market 1957 Steel pipe structure used for warehouse at sake brewery receives certification from Japan Lightweight Iron Construction Association as first such structure in Japan 1959 Daiwa Kosho (current Daiwa Kosho Lease Co., Ltd.) and Daiwa Konpo (current Daiwa Logistics Co., Ltd.) established; "Midget House" pilot prefabricated house model launched on market 1961 Daiwa Danchi established (merged with Daiwa House in April 2001); stock listed on Osaka, Tokyo and Nagoya stock exchanges 1965 Nara Factory constructed, Japan's first specialist plant for production of prefabricated houses 1971 Daiwa Jutakukiki (current Daiwa Rakuda Industry Co., Ltd.) established 1978 Resort hotels business started with opening of Noto Royal Hotel 1979 Tentakubin (current Daiwa Service Co., Ltd.) established 1980 First Royal Home Center opened in Nara City 1983 Full-scale start of construction business in China at Shanghai, Dalian, and elsewhere 1986 Daiwa Information Services Co., Ltd. established 1989 Daiwaliving Co., Ltd. established 1994 Daiwa House Central Research Laboratory opened in Kansai Science City 2001 Daiwa House Industry Co., Ltd. merged with Daiwa Danchi Co., Ltd. 2004 Home center business spun-off As of April 1, 2004 Founding: April 5, 1955 (Established: March 4, 1947) Paid-in capital: ¥110,120,483,981 Employees: 11,698 Head office: 3-3-5 Umeda, Kita-ku, Osaka 530-8241 Phone: +81-6-6346-2111 Tokyo office: 3-13-1 Iidabashi, Chiyoda-ku, Tokyo 102-8112 Phone: +81-3-5214-2111 Offices/branches: 89 Factories: 13 Research center: Central Research Laboratory (Nara city) Training centers: Osaka, Tokyo and Nara About this report   Years shown in graphs are fiscal years ending March 31 unless otherwise indicated. Forward-looking statements   Statements contained in this report regarding the Company's plans, strategies, and expectations for future performance fall into the category of "forward-looking statements," which are based on information available to the Company's management at the time of writing. They are therefore subject to a number of uncertainties and unknowable factors, and actual results may thus differ substantially from those projected. Sales statements on a segmental basis   Segment sales figures shown in this annual report are totals of sales to external customers and inter-segment sales and transfers. Segment sales ratios, however, are calculated solely on the basis of sales to external customers. 1 Introduction - Housing in Japan today   Economic and Social Research Institute, Cabinet Office, Government of Japan/Annual Report of National Accounts     Economic and Social Research Institute, Cabinet Office, Government of Japan/Annual Report of National Accounts Ministry of Land, Infrastructure and Transport/Construction Investment Forecast; Land Price Publication 2004 5 Investor Information   Securities Markets in Japan/Survey on Distribution of Shares 6-1 Message from the CEO   Ministry of Land, Infrastructure and Transport/Statistics on Building Construction Started 6-2 Message from the CEO   Jutaku Sangyo Shimbun-sya/Housing Industry Data; FY2003 Yearbook Notes: 1. Floor space per person (owner-occupied and rental housing) is uniformly calculated based on the inside measurement of each room plus half the thickness of each wall.   2. Japan (1998 figures); U.S.A. (1999 figures); Great Britain (1996 figures); France (1996 figures); Germany (1998 figures) 6-3 Message from the CEO   Statistics Bureau, Ministry of Public Management, Home Affairs, Posts and Telecommunications/Population Census of Japan National Institute of Population and Social Security Research/Population Projections for Japan: 2001-2050 United Nations/World Population Prospects: The 1996 Revision 10-1 Housing   Ministry of Land, Infrastructure and Transport/Statistics on Building Construction Started     Statistics Bureau, Ministry of Public Management, Home Affairs, Posts and Telecommunications/Statistics on Housing and Land     Yano Research Institute Ltd./Trends in housing improvement market scale The Housing Loan Promotion Association/Current Data on Overseas Housing 10-2 Commercial Construction   Ministry of Land, Infrastructure and Transport/Estimate of Construction Investment Japan Federation of Construction Contractors/Kensetsu-gyo handbook 2004 Ministry of Land, Infrastructure and Transport/Statistics on Building Construction Started     Ministry of Agriculture, Forestry and Fisheries/Progress Report on Measures under Law Relating to Emergency Measures to Improve Controls on food Processing (Law on Support for HACCP Method Utilization) 12 Research and Development   Japan Meteorological Agency/Nihon Kikohyo Statistics Bureau, Ministry of Public Management, Home Affairs, Posts and Telecommunications/Global Weather Statistics (International Statistical Compendium)     Japan Meteorological Agency website: Data on Weather-Caused Disasters