1

Consolidated Financial Resultsfor First Half FY2007

November 14th 2007

TORISHIMA PUMP MFG. CO., LTD.

Forecasts regarding future performance in these materials are based on judgment made in accordance with information available at the time this presentation was prepared. Therefore, please notice that there is a risk or uncertainty that the actual results may be different from these predicted results, depending on various factors.

2

Business Domain

Pump

Service

Environment &

New Energy

Industrialsector

EnergyChemical, Petro-chemicalRegional development,Urban developmentGeneral industries

Publicsector

City water, Industrial waterSewerage

Flood controlAgricultureHarborSeawater desalination Water treatment

Waste processing

Wind power generationMini & Micro hydro generationBio gas & mass co-generation

Construction, repairing,Servicing and Maintenanceof pumping plant and windpower generation plant, andsolution provider

3

Financial Results for First Half FY2007;Summary

80,000

60,000

40,000

20,000

0’06 1Q ’06 2Q ’06 3Q ’06 4Q ’07 1Q ’07 2Q

3,000

2,000

1,000

0

(-1,000)’06 1Q ’06 2Q ’06 3Q ’06 4Q ’07 1Q ’07 2Q

Order Received/Sales/Order Backlog ProfitOrder received Sales Order

backlogOperatingprofit

Ordinaryprofit

Netprofit

Million yenMillion yen

49,687

1,200

2,000（5.0%）

1,800

40,000

44,000

Full year forecast1H results

45,687

635

1,245（3.4%）

852

36,404

43,088

Full year results

－395120△425Net profit

58,917

742（3.9%）

736

18,806

32,035

Change

9.8%－53,653Order backlog

－200

（1.3%）△672

Ordinary profit(Ordinary margin)

－0△944Operating profit

51.6%16,00012,403Sales

18.4%－27,053Order received

1H forecast （＊）1H results

FY2006 FY2007(Million yen)

（＊）Beginning of FY

4

Financial Results for First Half FY2007; Segment

9.8%

△15.5%

10.4%

（11.9%）

Change

58,917

995

57,921

（2,085）

1H FY2007

53,653

1,178

52,474

（1,862）

1H FY2006

Order backlog

51.6%

△18.1%

54.7%

（59.5%）

18,806

423

18,382

（1,713）

32,035 18.4%

929 8.0%

31,106

（2,401）

18.8%

（28.4%）

1H FY2007 Change1H FY2007 Change

12,40327,053Total

517860Environment

&New energy

11,885

（1,073）

26,193

（1,869）

Pumpincluding service

(service)

1H FY20061H FY2006

Order received Sales

（Million yen）

*The sum of money of service division is extracted from that of pump division in accordance with our company measure.

5

Financial Results for First Half FY2007; Sector

9.8%58,91753,65351.6%18,80612,40318.4%32,03527,053Total

11.6%

4.2%

6.9%

Change

39,938

3,937

15,042

1H FY2007

35,801

3,777

14,074

1H FY2006

Order backlog

60.8%

4.5%

80.0%

12,734

2,766

3,304

19,089 52.3%

2,994 △16.8%

9,952 △8.9%

1H FY2007 Change1H FY2007 Change

7,92012,530Overseas

2,6473,599Industry

1,83510,923Public

1H FY20061H FY2006

Order received Sales

（Million yen）

100%

’061Q

Order received breakdown by sector

Public Industry Overseas

80%

60%

40%

20%

0%’062Q

’063Q

’064Q

’071Q

’072Q

100%

’061Q

80%

60%

40%

20%

0%’062Q

’063Q

’064Q

’071Q

’072Q

100%

’061Q

80%

60%

40%

20%

0%’062Q

’063Q

’064Q

’071Q

’072Q

Sales breakdown by sector Order backlog breakdown by sectorPublic Public IndustryIndustry OverseasOverseas

6

Japanese pump market-Change of “Order received” by sector-

100331,258

22.875,608

13.143,247

19.263,572

44.9148,831’02

100364,460

21.176,961

14.552,766

16.058,396

48.4176,337’99

Ratio(%)Sum of money

Ratio(%)Sum of money

Ratio(%)Sum of money

Ratio(%)Sum of money

Ratio(%)Sum of money

100291,019

24.270,310

28.181,919

23.869,286

23.969,504’06

100310,464

24.877,030

18.958,578

21.867,732

34.5107,124’04

100336,549

22.976,978

14.348,032

18.361,733

44.5149,806’01

100374,413

21.781,143

15.859,055

14.453,878

48.2180,337’98

30.940.143.7

22.421.821.277,53773,13077,895

Private

106,948’05

134,685160,550Public

Overseas

100100100345,714336,161367,298

Total

19.821.321.368,45971,50078,116

Agency

26.816.913.892,77056,84650,737

’00 ’03Sector

*The market data of this page are based on a research by “Japan Society of Industrial Machinery Manufacturers”.

Public sector is shrinking from FY 1998 and whole of pump market is in severe competitive situation. On the other hand, overseas market is growing.

（Million yen）

Fiscal Year

20%

0%

40%

60%

80%

100%

’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05

Breakdown ratio

Overseas

Private s.

Public s.

Agency

’06

2,000

1,500

1,000

500

097 98 99 00 01 02 03 04 05 06

Fiscal Year

Public

Private

Overseas

Sum of moneyBil. yen

7

TORISHIMA structural change-Order received and Sales- Order received and Sales

50,000

42,000

34,000

26,000’00

28,020

32,265

’01

26,816

30,445

’02

30,754

28,961

’03

28,928

29,912

’04

32,600

30,735

’05

46,443

31,393

’06

43,088

36,404

Fiscal Year

100%

0%

50%

30,000

38,000

46,000

100%

0%

50%

’00

6,887

3,984

’01

4,435

4,416

’02

3,152

5,879

’03

3,346

8,147

’04

9,327

6,054

’05

9,367

6,824

’06

16,127

6,040

21,393 21,593 19,930 18,418 15,352 15,201 14,236

40,000

36,000

34,000

32,000

30,000

28,000

’00

5,264

4,005

’01

3,011

4,309

’02

7,935

6,371

’03

7,057

7,419

’04

12,059

7,126

’05

25,758

7,177

’06

18,520

6,924

18,749 19,496 16,447 14,452 13,414 13,507 17,643

’07Full year forecast

44,000

40,000

38,000

’07中間

19,089

2,994

9,952

’07中間

12,734

2,766

3,304

（Million yen)

Order received (Mil. yen) Sales (Mil. yen)

TORISHIMA made structural changes in the pump market business.In order to keep in line with market which has resulted in steady growth, particularly in the overseas market.

Order received

Sales

Order received breakdown ratio by sector Sales breakdown ratio by sector

Fiscal YearFiscal Year

Public Public

PrivatePrivate

OverseasOverseas

（Million yen)（Million yen)

8

Service Network －Overseas－

TORISHIMA BEIJING LIASON OFFICETORISHIMA BEIJING LIASON OFFICE( Sales, Engineering, Service )( Sales, Engineering, Service )Established : Jul. 2006Established : Jul. 2006

TORISHIMA EUROPE OFFICETORISHIMA EUROPE OFFICE( Glasgow / U.K. )( Glasgow / U.K. )( Sales, Engineering, Service )( Sales, Engineering, Service )Established : Jan. 2003Established : Jan. 2003

TORISHIMA QATAR PROJECT OFFICETORISHIMA QATAR PROJECT OFFICE( Engineering, Service )( Engineering, Service )Established : May. 2006Established : May. 2006

TORISHIMA U. A. E.TORISHIMA U. A. E.TORISHIMA Abu Dhabi OfficeTORISHIMA Abu Dhabi Office( Sales, Engineering, Service )( Sales, Engineering, Service )Established : Sep. 2002Established : Sep. 2002

TORISHIMA DUBAI OFFICETORISHIMA DUBAI OFFICE( Sales, Engineering, Service )( Sales, Engineering, Service )Planning to establish soonPlanning to establish soon

TORISHIMA INDONESIATORISHIMA INDONESIAP.T.GETEKA FOUNINDO ( Foundry Factory )P.T.GETEKA FOUNINDO ( Foundry Factory )Establishment : 1991Establishment : 1991P.T.TORISHIMA GUNA INDONESIAP.T.TORISHIMA GUNA INDONESIA( Machining, Assembling Factory )( Machining, Assembling Factory )Establishment : Feb. 1984Establishment : Feb. 1984P.T.TORISHIMA GUNA ENGINEERINGP.T.TORISHIMA GUNA ENGINEERING( Sales, Engineering, Service )( Sales, Engineering, Service )Establishment : Jan. 1999Establishment : Jan. 1999

TORISHIMA (HONG KONG) LIMITEDTORISHIMA (HONG KONG) LIMITED..

( Sales, Engineering, Service )( Sales, Engineering, Service )

Establishment : Oct. 1994Establishment : Oct. 1994

TORISHIMA SINGAPORE OFFICETORISHIMA SINGAPORE OFFICE( Sales, Engineering, Service )Establishment : Jan. 1979

TORISHIMA VIETNAM OFFICETORISHIMA VIETNAM OFFICE( Sales, Engineering, Service )( Sales, Engineering, Service )Establishment : Dec. 2003Establishment : Dec. 2003

TORISHIMA MALAYSIA SDN.BHD.TORISHIMA MALAYSIA SDN.BHD.( Sales, Engineering, Service )Establishment : May. 2001

TORISHIMA U. S. A. OFFICETORISHIMA U. S. A. OFFICE( Sales, Service )( Sales, Service )Establishment : Feb. 2003Establishment : Feb. 2003

9

TORISHIMA Sales breakdown by area

51.6%306.1%59.2%32.1%35.4%Change of 1H

Sales12,403

36,404

18,806

1,736 5,942

4,089 10,798

2,294 9,459

TotalAsia Mid. East

2414,4831H FY2006

1,23920,276Full year FY2006

9806,0711H FY2007

Others(Overseas)

Japan(Million yen)

1H FY2006 1H FY2007Others(Overseas)

1.9%

Mid. East47.9%

Japan36.1%

Others(Overseas)5.2%

Mid. East

50.3%Asia

12.2%

Japan32.3%

Asia 14.0%

10

Continuous expansion of worldwide demand for pump

40.00

30.00

20.00

10.00

0.002000 2005 2010 2015

MarineWastewater

Water Supply

Manufact. / Mach.

Other Ind.

Food & Bever.

Mining

Pulp & Paper

Power Gen.

Chemical

Refineries

Oil & Gas

Pump Market by Industries

$19.1 Bil.$21.5 Bil.

$24.6 Bil.

$28.3 Bil.

2.45% up

CAGR

2.75% up

2.85% up

Bil. USD

* Above data are referred to a commercial letter by Onestone Consulting Group.

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Middle term management plan –Order received/Sales/Objective profit figure-

44,00042,00040,00036,40431,393Sales

3,3002,8001,800852107Operating profit

635

1,245

43,088

FY 2006

Net profit

Ordinary profit

Order Received

3,5003,0002,000747

1,200 1,800

44,000 46,000

FY 2007 FY 2008

2,100377

48,00046,443

FY 2009FY 2005

Order received/Sales/Profit

4,000

2,000

0

3,000

50,000

1,000

（Profit）

40,000

30,000

20,000

（Order received / Sales）

（90th Anniversary）

Net profitOrdinary profitOperating profit

Sales

Order received

Mil. yenMil. yen

（Million yen）

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Key policiesfor the mid-term management plan

１．Strengthening of competitive advantageWe aim at building up a competitive advantage in the areas of technology, products and service by MOT (Management Of Technology) system.

２．Promoting for globalizationWe establish more markets with in which TORISHIMA can be the top 1 by areas such as industry and process on the worldwide market.

３．Expansion of service businessWe make close relationship between the end users who can find something valuable about environment, i.e. saving energy and long life expectancy, placing importance on LCC (Life Cycle Cost).

４．Leveling up factory workforceWe aim at performing operational excellence.

13

We delivered more than 500,000 pumps in the world of more than 80 countries!

14

Philippine“MINDANAO” BFP“Asia Pacific” BFP“Limay Battan” BFP, CWP“Batangas” CWP

Kuwait“Doha” CWP

China“Ningbo” BFP“Shanxi Heijin” BFP, CWP“BEIJING THERMAL” BFP, IP FWP“Sanhe” CWP“Hongkong Lamma” CWP“Fuzhou” CWP, BCP“Others” BFP, CWP, BCP

Turkey“Elbistan” BFP“Kangal” CWP, BFP

PolandBFPCzechBFP

Ireland“Huntstown” BFP

AustriaBFP

Cerbia“Banja Luka” BFP“Others” BFPSyria“Al-Zara” BFP“Jandar” BFP

Jordan“SAMRA” BFP

EgyptBFP

Saudi Arabia“ZHUHAI” BCP“Others” BFP, CWP

Iran“MAPNA” BFP“Gharb” CWP

U. A. E.“FUJAIRAH” BFP“Others” BFP

India“Auraiya” BFP, CWP“Durgapur” BFP“Gandhar” CWP“Others” BFP

Malaysia“PRAI CCGT”CWP

Pakistan“BIN QASIM”BFP, CWP

“Kot-Addu” CWP“Others” BFP

Thailand“RPCL” BFP“Yala Green” BFP“South Bangkok”

HP/IP FWP“Others” BFP

Singapore“TUAS” BFP“Others” BFP

Indonesia“Tarahan” BFP“Tanjung Puriok” CWP“Surabaya” CWP“Others” BFP Australia

“Port Kebla Copper” BFP“XKC” BCP

Burunei“Tutong” BFP

Vietnem“Phu My1” BFP, CWP“FIC VN” BFP“Omon” FWP, CWP, BCP“Others” BFP, CWP

Taiwan“RF-CFB” BFP“Dha-Tan” IP FWP“Hai-hu” CWP“Others” BFP

JapanBFP, HP/IP FWP,IP FWP, CWP,BCP

Korea“Puchon” BFP“Ulsan” BFP“YONGHUNG” BCP“TANGJIN” BCP“PUSAN” BCP“Others” BFP, CWP, BCP

CanadaBFP

U. S. A.“S.E.G.S” BFP“XMA” BFP“MER” BCP“Others” BCP

Mexico“Petacalco” BCP, BFP, CWP“Tuxpan” BFP, CWP“Guayamas” BFP“Altamira” BFP, CWP

DominicaCWP

Columbia“Tasajero”CWP

Brazil“Petrobras” BFP“CST Tubarao” BFP“Others” BFP

Peru“Chila” BFP

Chile“DISPUTADA” BFP“San Isidro”

IraqBFP

Worldwide TORISHIMA pump for power generation plant

15

Algeria• Hamma Desalination Plant (RO)• ARZEW Desalination and Power Complex (MSF)

Libya• Abu Taraba Desalination Plant (MED)• Zuara Desalination Plant (MED)

Kuwait• Sabiya Distillation Plants Phase 1&2 (MSF)• Sabiya Distillation Plants Phase 3 (MSF)• Shuaiba Life Extension (MSF)• Az-Zour South Stage 3 (MSF)• Shuwaikh (MSF)• Sabiya (RO)• Az-Zour South Stage 2 (MSF)• Al-Khobar 3 (RO)• Doha West (MSF)

Saudi Arabia• Rabigh Power & Desalination Plant (RO)• Shuaibah IWPP Desalination Plant (MSF)• Al-Jubail Phase 2 (MSF)• Yanbu Petrochem (MSF)• Al-Shoaiba 2 (MSF)

Bahrain• RAJ RO Expansion (RO)

Oman• Ghubrah V (MSF)

Qatar• Ras Laffan B IWPP (MSF)• Ras Abu Fontas B2 (MSF)

U. A. E.• Al-Taweelah B (MSF)• Al-Taweelah A2 (MSF)• Umm Al-Nar Station B (MSF)• Ruwais (MSF)

Business performances of pumpfor the desalination plant in the middle east countries

-more than 2,000 units-If the pumps for power generation use and water supply use are added on the above figure, that is more than 4,500 unit.

16

RAS ABU FONTAS B2Desalination Plant

25 - pumps136,000 ton

(Equiv : 350 thousand people)

RAS LAFFAN BDesalination Plant

46 - pumps273,000 ton

(Equiv : 700 thousand people)Booster P/S

6 - pumps

Water Supply P/S55 - pumps

Potable water-service to the city of Doha

Irrigation P/S8 - pumps

Greening-serving by supplying water to the deserts

For long-distance water transfer

Sea

Sewage Disposal Plant5 - pumps

Sewage treatment & Water supply

Seawaterintake

Capital, DOHA

Sewerage P/S5 - pumps

For long-distance sewage transfer

Seawaterdesalination

Watersupply

Relay pressurization

Water supplyWater service Water service

Water dischargeWater supply

Watersupply

Watersupply

Relay pressurization

Sewage treatment

Irrigation

Mainly in the middle east where they were suffering from shortage of water, we contribute for the creation of full-water life. TORSHIMA pump is the heart of Doha, conveying water from sea to the above important sights after desalinating.

16

17

Development of high-efficient pump enables to save energy and decrease damage toward environment !

We are working for reducing CO2 emission positively, by way of saving energy and applying natural energy, as we commit to promote for environmental management on our management policy.

The boiler feed pump of “MH series” which is a basic kind of energy area is getting business performances as a key method for environmental friendly one.

18

3000

2700

2400

2100

1800

1500

1200

900

600

300

00 100 200 300 400 500 600 700 800 900

0

20

40

60

80

100

H [m

], S

P×

1/10

[kW

]

Q [m3/h]

Eff

[%]

New ability

Traditional ability

Recent example of improving quality,up by about 5 points.

<Test calculation>5 points of efficiency (reduction of 300 kW) rose up at the measuring point (about 630m3/h).

↓1.5 mil. yen can be saved per year.(Test calculated by 6 yen per 1kWh)

Reduction of CO2 emission by 965 t per year!

19

High pressure seawater feed pump for desalinating by RO

Gold Coast City

2007/04/19 Japan Industry &

Economy Newspaper

20

2007/09/14 The Nikkan

Kogyo Shimbun , Ltd.

The same type as being installed as a main pump in Dubai