ANNUAL REPORT

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Shaklee Global Group, Inc. • Industry: Consumer Products – Nutrition Products Segment • Jasdaq Stock Exchange ticker: 8205.Q • Total Shares Outstanding: 25,920,000 • RHJI ownership as of March 31, 2009: 42.5% (10,531,000 shares) • Contribution price per share (March 23, 2005): JPY 1,269 • Closing share price on March 31, 2008: JPY 709 • Closing share price on March 31, 2009: JPY 635 Overview of Activities Shaklee is a leading provider of premium quality and natural nutrition, personal care, household and air and water treatment products. Shaklee operates in the United States, Japan, Malaysia, Canada and Mexico. The United States is Shaklee’s largest market in terms of sales, with Japan as its second largest market. Shaklee uses a sales force of self-employed, independent distributors to sell its products and has over 750,000 members and distributors. Key figures Condensed consolidated income statement for the fiscal year ended March 31 (In millions) JPY EUR 2009 2008 2009 2008 Revenue 24,685 27,322 188.2 208.3 Operating profit 3,652 2,945 27.8 22.5 EBITDA 4,241 3,499 32.3 26.7 EBITDA margin 17.2 % 12.8 % 17.2 % 12.8 % Profit for the year 1,705 1,441 13.0 11.0 Consolidated cash and financial debt for the fiscal year ended March 31 (In millions) JPY EUR 2009 2008 2009 2008 Cash 5,273 4,699 40.2 35.8 Financial debt 18,529 18,177 141.3 138.6 Shaklee's revenue for the fiscal year ended March 31, 2009 amounted to JPY 24,685 million, 9.7% lower than the previous fiscal year virtually entirely due to appreciation of the JPY. At constant exchange rates, sales declined only 0.9%. Operating profit, for the fiscal year ended March 31, 2009 increased 24% to JPY 3,652 million from JPY 2,945 million principally due to tight management over selling and general administrative expenses in all markets. The profit for the fiscal year ended March 31, 2009 increased 51.6% excluding JPY 120 million benefit from changes made to the U.S. Retiree Medical Benefit Plan compared to JPY 1,125 million for the previous fiscal year that excludes non-recurring pre-tax gains from changes to the U.S. pension plan of JPY 846 million partly offset by the accelerated amortization of an intangible asset relating to the purchase of technology and distribution rights. fiscal year ended March 31, 2009 to JPY 23,013 million for the fiscal year ending March 31, 2010. Operating profit in accordance with J-GAAP is projected to increase from JPY 3,086 million for the fiscal year ended March 31, 2009, to JPY 3,132 million, for the fiscal year ending March 31, 2010. Based on its management projections under J-GAAP, Shaklee expects revenue to decrease from JPY 24,685 million for the 24
LETTER TO SHAREHOLDERS AND BUSINESS REVIEW U-shin Ltd. • Headquarters: Japan • Industry: Automotive Components - Electronics Components Segment • Tokyo Stock Exchange ticker: 6985.T • Total Shares Outstanding: 31,995,502 • RHJI ownership as of March 31, 2009: 20.0% (6,400,000 shares) • Acquisition price per share (April 13, 2006): JPY 1,244 • Closing share price on March 31, 2008: JPY 401 • Closing share price on March 31, 2009: JPY 259 Overview of Activities U-shin (www.u-shin-ltd.com) is a company engaged in manufacturing and sales of automobile components such as key sets, door locks, heater control panels and switches, various instruments for farm machinery, construction machinery and machine tools, other industrial machinery, and housing equipment such as locks for houses, hotels and buildings. Key figures Condensed consolidated income statement for the fiscal year ended February 28 (In millions) JPY EUR 2009 2008 2009 2008 Revenue 70,772 77,963 539.5 594.4 Operating profit 3,258 3,357 24.8 25.6 EBITDA 7,343 7,584 56.0 57.8 EBITDA margin 10.4 % 9.7 % 10.4 % 9.7 % Profit (loss) for the year (282) 339 (2.1) 2.6 Consolidated cash and financial debt for the fiscal year ended February 28 (In millions) JPY EUR 2009 2008 2009 2008 Cash 15,997 9,290 122.0 70.8 Financial debt 24,888 22,472 189.7 171.3 As U-shin’s fiscal year ends on November 30, the Company used financial information for the twelve months ended February 28, 2009, compiled from publicly disclosed unaudited quarterly financial information, for the purposes of preparing the Company’s consolidated financial statements as of and for the fiscal year ended March 31, 2009. Financial information for the twelve months ended February 28, 2008, has been compiled on the same basis for comparative purposes. U-shin reported revenue of JPY 70,772 million for the twelve months ended February 28, 2009, compared to JPY 77,963 million for the same period last year, as a result of difficult market conditions in both the automotive industry and the industrial equipment market. The net loss for the twelve months ended February 28, 2009 of JPY 282 million compared to a net profit of JPY 339 million for the same period a year earlier, which was favorably impacted by gains on the disposal of investment securities of JPY 1,136 million. Based on its management projections under J-GAAP, and following a difficult 1st quarter of the fiscal year ending November 30, 2009, U-shin lowered its outlook for the first half of the fiscal year, projecting revenue of JPY 24,000 million versus JPY 29,000 million previously. U-shin’s full year outlook includes revenue of JPY 60,000 million and a break-even net result. 25
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PART III CORPORATE GOVERNANCE
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CORPORATE GOVERNANCE The Belgian Co
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CORPORATE GOVERNANCE The following
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CORPORATE GOVERNANCE (1997 to 2000)
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CORPORATE GOVERNANCE INVESTMENT AND
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CORPORATE GOVERNANCE Mr. Fischer ha
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CORPORATE GOVERNANCE OTHER TERMS RH
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CORPORATE GOVERNANCE STATUTORY AUDI
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PART IV SHAREHOLDERS’ INFORMATION
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SHAREHOLDERS’ INFORMATION SHARE P
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Co-ordination and Production : IPAC
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ANNUAL REPORT

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