Announcement of Executive Changes

New Facility for Training – Start Management of Accommodation Training Facility The Sanwa-no-Mori Resort & Conference Center

Completion of the 200th Ship in the TESS Series

Tsuneishi Shipbuilding Company's earnings report for fiscal 2006 (December) reports sales of 95.1 billion yen , with current profits of 9 billion yen. 70 billion yen in investments planned over the next 5 years

Tsuneishi Heavy Industry Sebu (THI) started the construction of the second factory. 22 billion yen will be invested to expand the facility including a dock.

Tsuneishi Shipbuilding Company opened Fukuoka office for designing ships

3.6 million CFT wood chip carrier