December 29, 2000
The Sakura Bank, Limited
Comment on Mitsui Construction Co., Ltd.'s announcement
about New Medium-term Business Restructuring Plan
Mitsui Construction Co., Ltd. has been trying hard to carry out the medium-term business restructuring plan since 1998, and the performance is well in the main business area in accordance with the plan.
However, based on a judgment that drastic improvement of the corporate structure is indispensable, it made a new business plan and decided to ask major financial institutions the loan forgiveness.
As Mitsui Construction includes the maximum self-supporting efforts in the new plan, with various cooperation from others, its rehabilitation can be evaluated to be practical.
Even though loan forgiveness is an irregular support, we will consider it positively and continue to support Mitsui Construction totally as its main bank.
Copyright(C)2000 THE SAKURA BANK, LIMITED