KITO CORP

Founded in 1932, Kito is a manufacturer of hoists and crane products used for various industrial applications. It also designs and produces automated warehouses and sorters including facility-wide material handling systems. The company has subsidiaries and joint ventures in the U.S., Canada, China, Thailand, and the Philippines. In the U.S. market, Kito distributes its hoists and crane products through its 100%-owned subsidiary Harrington Hoists. Kito had approximately JPY 20.7 billion in consolidated revenues last year (approx. US$173 million).