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News Release
May 9, 2005
Merger of Gaspal Group, 6 Consolidated Subsidiaries

Daito Trust Construction Co., Ltd. announces that the 6 subsidiaries, propane gas business, Gaspal Tohoku Co., Ltd., Gaspal Kanto Co., Ltd., Gaspal Chubu Co., Ltd., Gaspal Kinki Co., Ltd., Gaspal Chugoku Co., Ltd. and Gaspal Co., Ltd., are scheduled to be merged on July 1, 2005. After this merger, the name of company becomes Gaspal Co., Ltd.


1. Objectives

Gaspal group plans to develop its business in Japan including Hokkaido and Shikoku areas. The objectives of this merger are to extend our gas business to all over Japan with permission from Ministry of Economy and to increase business efficiency. These 6 subsidiaries are the wholly owned subsidiaries of our company, and this organization change will not have any influence on Daito's consolidated financial results ending March 31, 2006.

2."Gaspal Co., Ltd." after merger (plan)
-Trade name: Gaspal Co., Ltd.
-Head office: 2-16-1, Konan, Minato-ku, Tokyo
The 22nd floor of Shinagawa East One Tower
-Telephone: 03-6718-9080
-President: Takuya Oyama (Director of Daito)
-Capital: 100 million yen

3. Company profile before merger

(1) Gaspal Tohoku Co., Ltd.
-Head office: 2-16-1, Konan, Minato-ku, Tokyo
The 22nd floor of Shinagawa East One Tower
-Sales: 9 million yen
(fiscal year ended March 2005)
-Current loss: 6 million yen
(fiscal year ended March 2005)
-Number of employees: 5 (as of the end of April 2005)
(2) Gaspal Kanto Co., Ltd.
-Head office: 2-16-1, Konan, Minato-ku, Tokyo
The 22nd floor of Shinagawa East One Tower
-Sales: 2 billion 482million yen
(fiscal year ended March 2005)
-Current income: 135 million yen
(fiscal year ended March 2005)
-Number of employees: 78 (as of the end of April 2005)
(3) Gaspal Chubu Co., Ltd.
-Head office: 2-16-1, Konan, Minato-ku, Tokyo
The 22nd floor of Shinagawa East One Tower
-Sales: 1billion 269 million yen
(fiscal year ended March 2005)
-Current income: 51 million yen
(fiscal year ended March 2005)
-Number of employees: 37 (as of the end of April 2005)
(4) Gaspal Kinki Co., Ltd.
-Head office: 2-16-1, Konan, Minato-ku, Tokyo
The 22nd floor of Shinagawa East One Tower
-Sales: 742 million yen
(fiscal year ended March 2005)
-Current income: 35 million yen
(fiscal year ended March 2005)
-Number of employees: 13 (as of the end of April 2005)
(5) Gaspal Chugoku Co., Ltd.
-Head office: 2-16-1, Konan, Minato-ku, Tokyo
The 22nd floor of Shinagawa East One Tower
-Sales: 373 million yen
(fiscal year ended March 2005)
-Current loss: 90 million yen
(fiscal year ended March 2005)
-Number of employees: 17 (as of the end of April 2005)
(6) Gaspal Co., Ltd.
(changed the name from Gaspal Kyushu on 1 Feb. 2005)
-Head office: 2-16-1, Konan, Minato-ku, Tokyo
The 22nd floor of Shinagawa East One Tower
-Sales: 317 million yen
(fiscal year ended March 2005)
-Current loss: 132 million yen
(fiscal year ended March 2005)
-Number of employees: 19 (as of the end of April 2005)

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Copyright 2005 Daito Trust Construction Co., Ltd.