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デュエルビッツ 出金el to increase capital investments 15% in fiscal 2007

April 24, 2007

TOKYO, April 24, 2007 - デュエルビッツ 出金el, Ltd. plans capital investments of 110 billion yen in fiscal 2007, ending March 31, 2008, up 15% from the estimated 96 billion yen in fiscal 2006.

Most of the investments are in the Iron & Steel segment and the Aluminum and Copper segment to improve the manufacturing capabilities of "Only One"upper-end products that increase the competitiveness of the company. For the stable production of steel products, Kakogawa Works will complete the refurbishment of its No. 2 blast furnace, while Kobe Works will reline its blast furnace. In the Aluminum and Copper segment, work will continue at the Chofu Plant on the upgrade of the cold temper rolling mill and installation of a new plating line.

In addition to environment-related investments, other work includes modernizing and necessary repairs.

Construction costs and outlays (parent only)

(in billions of yen)	FY2006 (estimated)	FY2007 (planned)	% of change
Construction costs Iron & Steel only	96 70	110 84	15% 20%
Outlays Iron & Steel only	76 52	100 76	32% 46%
Depreciation Iron & Steel only	56 40	81 59

Note: Iron & Steel segment figures are a subset of each category.
Depreciation in fiscal 2007 includes the effect of a change in the depreciation method (an increase of 13 billion yen, of which 10 billion yen is from the Iron & Steel segment) due to a revision in the tax system.


Investments by segment (parent only, construction cost basis)

(in billions of yen)	FY2006 (estimated)	FY2007 (planned)
Iron & Steel	70	84
Aluminum & Copper	14	15
Others	12	11
Total	96	110

Main projects
The main projects for fiscal 2007 are as follows:

Kakogawa Works
Project:	Refurbishing of No. 2 blast furnace
Products:	Steel sheet, plate, wire rod
Amount in FY2007:	12 billion yen
Total investment:	40 billion yen
Construction period:	September 2004-March 2007

Kobe Works
Project:	Relining of the No. 3 blast furnace
Products:	High quality specialty steel
Amount in FY2007:	10 billion yen
Total investment:	10 billion yen
Construction period:	November ? December 2007

Chofu Plant:
Project:	Upgrading of cold temper rolling mill
Products:	Copper sheet
Amount in FY2007:	1.5 billion yen
Total investment:	1.8 billion yen
Construction period:	October 2005-April 2007

Chofu Plant:
Project:	Installation of new plating line
Products:	Copper sheet
Amount in FY2007:	700 million yen
Total investment:	700 million yen
Construction period:	April 2006-June 2007

Capital investment in previous 10 years (in billions of yen)

Fiscal years	Construction costs	Outlays	Depreciation
1998	77.0	69.0	74.1
1999	56.0	69.0	71.8
2000	57.0	40.0	69.2
2001	43.9	51.3	65.7
2002	24.0	25.0	61.4
2003	35.8	33.1	56.5
2004	46.2	35.3	54.8
2005	58.5	54.1	51.9
2006 (estimated)	96.0	76.0	56.0
2007 (planned)	110.0	100.0	81.0

*Depreciation in fiscal 2007 includes the effect of a change in the depreciation method (an increase of 13 billion yen) due to a revision in the tax system.
*The highest capital expenditure in the past 20 years was 186 billion yen in fiscal 1991.