Corporate Philosophy"Think Globally, Act Locally"
This means "Begin with things near at hand, while thinking about the global
environment."
OGAWA ECONOS conducts its activities in a proactive manner in order to realize a"nature-friendly" and "human-friendly" company that contributes to the future of thelocal community and the earth under the theme of ecology, which is our corporate
philosophy, based on the principle of "Think Globally, Act Locally."

Managerial Policy

１Let's make our company and employees grow to be able to perform work thatmakes our customers satisfied and impressed, fulfilling our social responsibilities
based on the principles of "Good for the Three Sides," that is, "Good for
Buyers," "Good for Sellers" and "Good for the Public."２
Let's provide services for society and people by performing good work as good
employees with the aim of becoming a good company.

３
Let's improve the "Capability of Employees," having a feeling of humility andgratitude as well as a desire for learning to make our customers happy.

Code of Conduct“Good Employee”: Let’s take pride in our company and work and findhappiness and pleasure in our work.
“Good Work”: Let’s think what we should do to make our customers happy
and act accordingly.
“Good Company”: Let’s be a company recognized throughout thecommunity and society as trusted OGAWA ECONOS.

Declaration of Conduct on SDGs

OGAWA ECONOS has established the principle of “Think Globally, Act
Locally” and based on a philosophy of ‘realizing a company that is naturefriendly and human-friendly,’ aims to achieve SDGs and sustainable growth
together with the local community through proper disposal, high quality
business activities and social contribution activities.

Key Initiatives◆Strengthening Environmental Protection Business as a Core Competence[1]Promoting the use of environmentally-friendly renewable energy

through RPF (coal alternate fuel) production [2] Improving the recycling rate
through proper disposal, [3] Preserving water environments and preventing
pollution of rivers and seas and actively conducting environmental
conservation activities throughout the community.

◆Environmental Education Activities in Collaboration with the Community
Through collaboration with the community, government and schools, etc., wewill continue to develop ‘see, do and think’ environmental education
activities (Econos SEED Project) and continuously strive through social
contribution activities to develop ‘human resources who promote
environmental conservation throughout the community and around theglobe.’◆Promoting work-style reform, we aim at [1] establishment of governancethrough improvement of compliance, [2] creation of comfortable work
environments through strengthening of alliances, and [3] strive for company
growth as a ‘Good Company,’ where Employees have ‘a passion for life’
through self-fulfillment and social contribution motivated by theaccompaniment of reliance that is trusted by society.

Company ProfileCompany Name

OGAWA ECONOS, Inc.

Representative
Director

Isao Ogawa

Initiation

March 15, 1952

Establishment

April 1, 1965

Capital\10,000,000

Employees

248 (including part-timers/as of March 31, 2020)

Business Items
1. Collection, transportation, intermediate treatment and recycling of generalwaste and industrial waste
2. Maintenance and management of sewage treatment facilities andgarbage-disposal facilities, etc.
3. Maintenance, management and cleaning of septic tanks
4. Cleaning of pipes and various pits
5. Cleaning and management of buildings and other structures.
6. Rental business, sales and construction of environmental equipment andportable toilets, etc.
7. Manufacture and sales of recycle plastic fuel (RPF)
8. Research, development, manufacturing and sales of fertilizers and feedstuff
9. General trucking business
10. Workers dispatch
11. Providing service and receiving contracts or orders for agricultural work
12. Production and sales of agricultural products
13. Intermediation and consulting business for the business in each item above
14. Any and All businesses incidental to each item above

SalesFiscal 2016/ \2,974 million
Fiscal 2017/ \3,272 million
Fiscal 2018/ \3,462 million

S&P Rating

Fiscal 2016/aa
Fiscal 2017/a
Fiscal 2018/aa

Place of business

Head Office502-10 Takagi-cho, Fuchu, Hiroshima
Motoyama Factory
530-85, Motoyama-cho, Fuchu, Hiroshima
Ukai Factory
800-113, Ukai-cho, Fuchu, Hiroshima
Fukuyama Factory
106-3, Minooki-cho, Fukuyama, Hiroshima
Okayama Factory
89-8, Taiheidai, Shoo-cho, Katsuta-gun, Okayama
Sendai Factory
8-3-13, Matsusakadaira, Taiwa-cho, Kurokawa-gun, Miyagi
Tokyo Sales Office
Hattori Bldg. No.301, 2-11-3, Kyobashi, Chuo-ku, Tokyo

Group Company

DAIICHI-KIGYO Inc.,Ltd.
1521-3 Aza-Kotsubaki, Shiraki-cho-mita, Asakita-ku, Hiroshima-shi, Hiroshima

Major Banks
Sumitomo Mitsui Banking Corporation
The Bank of Mitsubishi-Tokyo UFJ, Ltd.
Mizuho Bank, Ltd.

Hiroshima Bank, Ltd.

The Momiji Bank, Ltd.

Main Customers
Fukuyama City, Fuchu City, Onomichi City, Miyoshi City, Shobara City, JinsekiKogen Town, Ryobi Limited, Oji Paper Co., Ltd., Nippon Paper Industries Co., Ltd.,
Cleanup Corporation, etc.

HistoryMarch 1952

Ogawa Eiseisha was established.
Its main business was collection of human waste and garbage.

April 1965

Ogawa Industrial Co., Ltd., established and registered as a corporation.
Maintenance and management business of septic tanks started.

March 1981

Motoyama Factory ( Recycle Center) completed and started operations.

July 1990

Operation of incineration facilities for waste was started.

June 1997

The name of Ogawa Industrial Co., Ltd. was changed to OGAWA ECONOS, Inc.

January 2003

Ukai Factory was expanded and operation of the residual food composting
plant was started.

November 2004
February 2005

Tokyo Office was opened.
The new Okayama Factory was built and operation of the RPF
manufacturing plant was started.

November 2006

The new Sendai Factory was established and operation of RPF
manufacturing plant was started.

March 2018

The new Fukuyama Factory was established and operation of compression
facilities for waste plastic and used paper was started.