Weathernews Inc. announced today that it has established a subsidiary to be headquartered in Madrid, Spain.

1. Aims of Establishment of Subsidiary

   Weathernews set up the new subsidiary in Italy as one link in its global strategy, and in particular to strengthen its operations in Europe. This action follows similar steps the company took last year to bolster its business in the United States. Besides further reinforcing the present network of European bases in the U.K., Germany, and the Netherlands, Weathernews had been planning for some time to open new bases in promising markets, including Italy and Spain. Establishing the new company headquartered in Milan, Italy, is a part of this overall plan.

2. Purpose of Establishing New Subsidiary

   1. 1) Marketing of weather information services to corporate customers in Spain and Portugal
   2. 2) Marketing of weather information services to individuals and the general public in Spain and Portugal

3. Outline of Company

   1) Name:

   Weathernews Iberia S.A.

   2) Address:

   Calle Alcala 59, 3-A, 28014 Madrid, Spain

   3) Date of
   establishment:

   March 2004

   4) Capital:

   250,000 euro

   5) Representative
   directors:

   T. Francis Yukawa, Chairman (Executive Vice President, Weathernews Inc.)
   Josep Oriol, President (Weathernews Iberia S.A.)
   Hiroyoshi Ishibashi, Director (Group Chairman&CEO, Weathernews Inc.)

   6) Reporting period:

   March 31 of each year