TRANSLATION FOR REFERENCE PURPOSE ONLYThis notice has been translated from the original Japanese text of the timely disclose statement and is forreference purpose only. In the event of any discrepancy between the original Japanese and this translation,
the Japanese text shall prevail.

April 27, 2021
To whom it may concern
Company Name:
Representative:Contact:

Asahi Holdings, Inc.
Tomoya Higashiura, President & CEO(Code: 5857, First Section of the Tokyo Stock Exchange)
Kunihiko Chogo, General Manager,
Corporate Planning & Communications Department(Phone: +81-3-6270-1833)

Overview of 9th Medium-Term Business Plan
Below is an overview of the Asahi Group’s new 9th Medium-Term Business Plan (April 2021—March 2024), which was decided
at the Board of Directors Meeting held today. The plan continues the theme of “Building a global company that pursues originality
and growth.”
1.

Basic policy(1) Reinforcing the foundation for global growth
In the precious metal recycling business, we will build a new base in the Kanto region that incorporates state-of-the-art technology
and expertise. While strengthening our cost competitiveness, we will establish an IT-enabled sales system to increase our market
share in all business fields. In our North American refining business, we will expand profit by establishing new business modelusing our refining business as a platform. We will also use mergers and acquisitions to apply a similar business model beyond theNorth American continent.
In our Environmental Preservation Business, we will improve profitability in both industrial waste treatment and management,
while leveraging the strengths of our wide-ranging and diverse waste trade business. We will also use digitalization to enhancebusiness efficiency and greening to promote decarbonization.
(2) Promotion of new human resources policies
We will empower our employees by giving them opportunities to work in important roles in the Company according to theirabilities and regardless of their background or age, flexibly providing high compensation to reward strong performance. Throughthis renewed emphasis on competence-based and performance-based management, we will boost engagement throughout theentire organization and drive business growth.
(3) Strengthening Group risk management
We will implement Group-wide compliance risk management through the Group Risk Management Department, which we newly
established in April this year. We will strengthen credit risk management in the North American refining business, where we areaiming at expanding our business. In addition, we will further promote “Responsible Precious Metal Management” and enhance
the quality of the Asahi brand globally by taking into consideration human rights and environmental concerns in the course ofproviding precious metal products.
(4) Promoting SDGs
While striving to expand our core businesses of recycling precious metals and proper disposal of industrial waste, we will workto address climate change by reviewing electricity contracts at existing facilities, taking structural measures to promote energysaving and energy-generation at new facilities, and switching to hydrogen and electric vehicles for our business vehicles. Inaddition, we will set ambitious goals for greater representation of women and people with disabilities in our workforce, working
systematically to achieve these goals.
2.

Consolidated performance targets
Revenue
Operating income
ROE
Shareholders’ equity ratio

Year ending March 2022
¥190 billion¥26 billion
18%
35%Year ending March 2023
¥200 billion¥24 billion
15%
38%

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Year ending March 2024
¥210 billion¥27.5 billion
16%
40%

3.

Shareholder returns

We will strive to consistently pay dividends without decreasing the annual dividend level from the current level. Moreover, weaim to maintain a dividend payout ratio of 40%, while retaining sufficient internal reserves for capital investment and M&A for
future growth.
[Disclaimer]
Forward-looking statements in this document, such as forecast performance figures, are based on information currently available to the Company’smanagement and certain assumptions that the Company considers reasonable; and are subject to various uncertainties. Actual performance may differ
materially from that described in this document due to various factors.

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