No.1811004808

Independent Verification Report
To: Niterra Co., Ltd.
1. Objective and Scope
Japan Quality Assurance Organization (hereafter “JQA”) was engaged by Niterra Co., Ltd. (hereafter “the Company”) to provide an independent verification
on “FY2023* CSR Data Calculation Report” (hereafter “the Report”). The content of our verification was to express our conclusion, based on ourverification procedures, on whether the statement of social and environmental information in the Report was correctly measured and calculated, in accordancewith the “Standard for Aggregating Rules of Environmental Performance Data (ESKW-027-6)”, “Standard for Aggregating Rules of EnvironmentalPerformance Data (Product transportation CO2) (ESKW-030-3)” and “CSR Reporting Data Calculation Guideline (Document-015-7)” (hereafter “theRules”). The purpose of the verification is to evaluate the statement in the Report and to enhance the credibility of calculation of the statement.
*The fiscal year 2023 of the Company ended on March 31, 2024.
Table 1. The scope of this verification and organizational boundaries
Scope of this verification
 Energy-derived CO2 emissions from Scope 1, 2 (Market-based and Location-based)※1
 Energy consumption (Scope 1,2)※1
 Renewable energy (Scope 2)※2
 Water consumption and Water discharge※2
 Waste amount※2
General waste: Effective utilization (Material recycling and Thermal recycling), Non Effectiveutilization (Landfill disposal and Incineration (excluding Thermal recycling))Industrial Waste: Effective utilization (Material recycling and Thermal recycling), Non Effectiveutilization (Landfill disposal and Incineration (excluding Thermal recycling)) Valuable waste※2
 Total Waste amount and Valuable waste※2
 Scope 3 GHG emissions (Category 4)※3
 All Frequency Rate and Lost-Time Injury Frequency Rate (Employees)※4
 All Frequency Rate and Lost-Time Injury Frequency Rate (Temporary Employees)※4
 The number of deaths (Employees)※4
 The number of deaths (Contractors)※4

2.

Organizational boundaries
33 domestic sites and 31 internationalsites of the Company and its groupcompanies

The Company and its group companies inJapan (Logistics between plants in Japan)
The Company and its group companies inJapan
33 domestic sites and 31 internationalsites of the Company and its groupcompanies

Procedures Performed

The scope of this verification assignment and the organizational boundaries are indicated in Table 1 above. JQA conducted verification in accordance with“ISO 14064-3” for ※1 and ※3, and with “ISAE3000” for ※2 and ※4 in Table 1, respectively. The verification was conducted to a limited level ofassurance and quantitative materiality was set at 5 percent each of the verification objects in the Report.
Our verification procedures included:• Performing validation of integrated functions to check the Rules for ※1 and ※2• On-site assessment at 3 domestic sites to check the report boundaries; monitoring points of activity data; monitoring and calculation system; and theactivity data for ※1 and ※2. The number and location of sampling sites for on-site assessment were selected by the Company.
• Confirmation of the Rules and checking calculation scenario and allocation method; monitoring and calculation system; and activity data for ※3and ※4.
• Vouching: Cross-checking the calculation results against evidence.

3. Conclusion
Based on the procedures described above, nothing has come to our attention that caused us to believe that the statement of the social and environmental
information in the Report is not materially correct, or has not been prepared in accordance with the Rules.

4. Consideration
The Company was responsible for preparing the Report, and JQA’s responsibility was to conduct verification of the statement of the social and environmental
information in the Report only. There is no conflict of interest between the Company and JQA.

Sumio Asada, Board Director
For and on behalf of Japan Quality Assurance Organization
1-25, Kandasudacho, Chiyoda-ku, Tokyo, Japan
June 27, 2024