The Adeka Group CSR Report 2011 provides detailed information about Adeka?s response to the Great East Japan Earthquake, describing the extent of damages and recovery, as well as its crisis management and efforts to secure a stable supply of products. In March 2010, Adeka became the first Japanese chemicals company to acquire certification for the implementation of aBCMS, as part of its active efforts to implement risk management.

No Adeka employees were injured in the disaster, despite the fact that some plants sustained heavy damage, such as from the tsunami. This is a notable achievement, since the BCMS places the highest priority on protecting lives immediately after a disaster.

In addition, Adeka took swift steps after the disaster to secure the stable supply of its products, based on the BCMS, and was able to continue meeting demand from customers. Adeka deserves high marks for its risk management in response to the disaster.

Fiscal 2010 marks the fourth year of the Adeka Group?s five-year CSR plan, which guides the sure implementation of CSR initiatives and is enabling the Group to successfully develop its framework for CSR. The Adeka Group CSR Report 2011 outlines the Group?s initiatives to communicate with shareholders, investors and stakeholders. Moving forward, it will be important for the Group to actively communicate with stakeholders in order to gain a clearer grasp of the social expectations for the Group.

Fiscal 2011 will mark the final year of the five-year CSR plan. In addition to pursuing global CSR initiatives under the existing plan, I look forward to seeing the Adeka Group formulate a follow on plan that further develops the Group?s CSR initiatives.

The report now includes the Adeka Group?s internal grading of the performance of its CSR and environmental initiatives, which is something that is essential for implementing Plan-Do-Check-Action (PDCA) cycles. The Group deserves praise for its management of CSR.

Moving forward, the Adeka Group needs to identify concrete goals for CSR initiatives, so as to address social needs, and decide on a direction for its CSR initiatives. In addition, the Group should develop a framework that enables an objective grading of the performance of its CSR initiatives. I look forward to the Adeka Group making great strides with its future CSR initiatives.

I would like to thank Professor Kokubu for his valuable feedback.

The Adeka Group CSR Report 2011 highlights our response to the Great East Japan Earthquake and the steps we took to rapidly recover from the disaster. It is encouraging to be recognized for the actions we took, and we will endeavor to further enhance our risk and crisis management.

Professor Kokubu has identified the need for Adeka to clearly identify goals for our CSR initiatives, and to develop a framework to grade our performance. We recognize that these are important tasks in order to make further strides with the CSR initiatives of the Adeka Group, and will incorporate this advice into our future planning.

I feel that the Adeka Group is reaping steady results from the five-year CSR plan. In fiscal 2011, we will endeavor to expand our CSR initiatives to our global subsidiaries through a collaborative effort. In addition, we will increase our dialogue with stakeholders, in order to expand our socially responsible corporate activities.

Haruhiko Tomiyasu

Director and Operating Officer in charge of Legal Affairs & Publicity Department, Finance & Accounting Department, and Information System Department; Chairman of Internal Control Promotion Committee