Subsidiaries

Kawahata Shipping Co., Ltd.
Established in February 1972, Capital: 10 million yen
S.K. Shipping Co., Ltd.
Established in April 1972，Capital: 10 million yen
Sun Union Shipping Co., Ltd.
Established in February 1979，Capital: 10 million yen
Fuso Kaiun Kabushiki Kaisha
Established in February 1949，Capital: 10 million yen
ITA Shoji Corporation
Established in May 1973，Capital: 3 million yen