Annual Report and Accounts

Maruwa Co Ld
01 August 2003


                                                                   1 August 2003

MARUWA CO., LTD.

3-83 Minamihonjigahara-cho, Owariasahi-city, Aichi-pref. 488-0044 JAPAN


MARUWA Annual Report 2003


A copy of the above document has been submitted to the UK Listing Authority, and
will shortly be available for inspection at the UK Listing Authority's Document
Viewing Facility, which is situated at:


Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS


Tel. No. (0)20 7676 1000


END



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