C ORPOR A TE R E P O R T 2 016

Company Slogan (April 2015 through March 2018)

Pursuing growth and efficiency
Basic Policy

1. Accelerated growth via new business areas
2. Enhancement of the profitability of core business

Life&
HealthBusiness

3. Promotion of global management
Precious
Metal
Business

1. Accelerated growth via new business areas
Focusing on the gold and silver refining business in North America (Asahi Refining) that joined theGroup in FY 2014, we are rapidly expanding the overseas business field that had developed mainly in
Asia, and carrying out strategic measures and investment for full-fledged growth. Furthermore, we areinvesting aggressively in our newly established life & health business segment in order to meet theneeds of Japanese society with the increase in the elderly and rising health conscious trend,and
expanding the business as a new driver of growth.

Enviromental
Preservation
Business

2. Enhancement of the profitability of core businessIn part because it enables aggressive strategic investing in new business fields, we are enhancing
measures to maximize cash flow from existing business. Along with undertaking even more thoroughselection and concentration of management resources by setting standards for long-term continuation ofexisting business, we will reinforce measures to strengthen the competitiveness of each business in orderto ensure stable profit. To optimally utilize the management resources of the Group as a whole acquired
through M&A, we will maximize the synergy of the Group, including Asahi Refining, in terms of facilities,
human resources, customer bases,and information, thus contributing to steady profits.

3. Promotion of global management
Asahi Refining's entry into the Group improves our global presence and creates significant businessdevelopment opportunities. We are therefore further evolving our corporate management base, working acompany with Audit and Supervisory Committee governance structure the external and shareholder
perspective through a committee including Outside Directors and a stronger oversight system. In
addition, we will begin voluntary application of International Financial Reporting Standards（IFRS）in FY2016.

C O N T E N T S■ B us i n e s s Ac t i v i t i e s■Relation sh ip w ith our stakeh olde r s

Environmental Management ……………………… 24

With our customers………………………………… 28

Top message ……………………………………… 02

Environmental Performance ……………………… 25

With our communities

CORPORATE GOVERNANCE ……………………… 03

Environmental Accounting

With our shareholders, investors

FOCUS 2015 ……………………………………… 07

Results of Saving Exhaustible Natural Resources, Recycling

With our employees

Precious Metal Business …………………………… 09

Grobal Warming Prevention Eﬀorts ……………… 26

Enviromental Preservation Business ……………… 15

Energy-Saving Eﬀort

Life & Health Business ……………………………… 19

01■E nvironmen tal Activ ities

Pursuing growth and eﬃciency …………………… 01■Referen ce
GROUP HISTORY …………………………………… 29
ASAHI HOLDINGS GROUP COMPANIES …………… 31
ASAHI WAY ………………………………………… 32

Top message

In the fiscal year 2015, which was the first year of the 7th Mid-term Business Plan, while thedomestic economy had a trend toward moderate recovery, the business environment for ourcompany was harsh due to influence from slumping market prices for precious metals startingin the fall, as well as a slowdown in global resource-related industries. Under such circumstances, we have worked as one group and endeavored toward the three basic initiatives of
the 7th mid-term business plan: "Accelerated growth via new business areas," "Enhancementof the profitability of core businesses," and "Promotion of global management."
In our Life & Health Business, a new business field, centered on the core company of Fujiiryoki, we are working on initiatives that aim for increasing profits, such as overseas businessexpansion and product lineup enhancement. In the gold and silver refining business in North
America, we are working toward reducing production costs through the fusion of Asahi Pretec's technologies, which have been cultivated over many years, and Asahi Refining's refining
technologies, as well as conducting proactive marketing activities aimed at increasing visibilities of Asahi brands.
In terms of existing businesses, we have begun to reexamine the property operation statuses
for the entire group, and are promoting restructuring for the enhancement of earning power,such as selling underutilized property and consolidating office locations.
Further, we aimed to strengthen our management base in accordance with our global business expansion. Along with our transition into a company with Audit and Supervisory Committee, we strengthened our risk management structure and we established our group's basic
policies (policy for corporate governance). From the closing of the first quarter of the fiscal
year 2016, we will announce financial statements based on International Financial ReportingStandards (IFRS).
Based on our shared belief of "Innovation and Challenge," our group's employees, who belong
to various business fields and various regions, will firmly collaborate to move forward in "pursuing growth and efficiency ."We would ask for your continuous support.
May 2016

President & CEO

Editorial Policy

About the group's logo

This report has been created as a communication tool that presents basic company information as
well as initiatives taken in the previous fiscal year on those aspects.

The group’s logo uses a spiral shape as a motif to signify our corporate
stance in seeking “environmental preservation through recycling”, afeature of our business, and also means continuity and growth. The
arrowheads stretching upward and downward symbolize our being an
advanced and cutting-edge company. The three colors of blue, red andgreen each respectively signifies “clean water and sky”, “the energy ofpeople doing activities” and “beautiful nature and forests”.

Disclaimer
This report not only includes facts on the past and present of the Asahi Holdings Group, but also
contains statements pertaining to future plans and prospects, and the forecasts based on ourmanagement business plan. This report inherently contains the information available at the time ofediting. Consequently, actual business results and activities could differ from those projected due tomanagement environment changes and other various factors.

ASAHI HOLDINGS02

CORPORATE GOVERNANCE

In order to meet expectations of stake holders and to maximize
corporate value, we are committed to enhancing our corporate
governance with Asahi Holdings taking the initiative as aholding company.

Corporate GovernanceGe n e ra l S hareholder's Meeting
Appointment/Dismissal

Appointment/Dismissal

Audit and Supervisory
Committee
4 Directors (including
3 Outside Directors)

The Nominating/Compensation Committee
3 Directors for each(including
2 Outside Directors)
Collaboration

Accounting Auditors

Board of Directors
Audit/
Supervisory
9 Directors(including
3 Outside Directors)

Appointment/Dismissal

Collaboration

Audit and Supervisory
Committee Secretariat

Appointment/Dismissal/
Supervisory

Collaboration

Accounting
Audit

Group Risk Management Oﬃcer

Representative Director

Group Audit Department

Group Management
Strategy Meeting
Each Department ofGroup Companies

Internal Audit

Company with Audit and Supervisory Committee
Directors

Directors concurrently serving
as Audit and Supervisory
Committee Member03

Number of Directors

5

Term of office(year)

1

Number of Directors(Outside Directors)

4(3)

Term of office(year)2

Board of Directors
Mitsuharu Terayama
Biography
Mar 1964 : Bachelor of Economics,
University of Tokyo
Apr 1964 : Joined Kuraray Co., Ltd.
Jul 1973 : Joined Asahi Pretec Corp.
May 1981 : Appointed as Representative
Director and President of Asahi Pretec
Apr 2009 : Appointed as Representative Director andPresident of Asahi Holdings
Jun 2014 : Appointed as President & CEO
of Asahi Holdings (to present)

Yoshikatsu Takeuchi

Tomoya Higashiura

Biography

Biography

Mar 1978 : Bachelor of Law, Kobe University
Apr 1978 : Joined Hyogo Sogo Bank
Apr 1999 : Joined Asahi Pretec Corp.
May 2008 : Appointed as Representative Director andPresident of Japan Waste(to present)
Apr 2009 : Appointed as Director of Asahi Holdings(to present)

Mar 1984 : Bachelor of Human Science, Osaka University
Apr 1984 : Joined NEC Corporation
Feb 2001 : Joined Asahi Pretec Corp.
Jun 2010 : Appointed as Director of Asahi Pretec.
Apr 2011 : Appointed as Director of Asahi Holdings(to present)
Jun 2014 : Appointed as Representative Director andPresident of Asahi Pretec. (to present)

Keitaro Shigemasa

Kazuo Kawabata

Biography

Biography

Mar 1989 : Master of Engineering, Kyoto University
Apr 1989 : Joined CSK Corporation
Jan 2002 : Joined Fast Retailing Co., Ltd.
Jun 2011 : Joined Asahi Pretec Corp.
Jun 2013 : Appointed as Director of Asahi Holdings(to present)
Dec 2014 : Appointed as Representative Director andPresident of Asahi Americas Holdings(to present)

Mar 1982 : Master of Engineering, University of Tokyo
Apr 1982 : Joined Nippon Steel Corporation
Jul 2006 : Joined Nippon Steel Engineering Co., Ltd.
Jul 2008 : Joined Asahi Pretec Corp.
Apr 2013 : Appointed as Director of Asahi Pretec.
(to present)
Jun 2014 : Appointed as Director of Asahi Holdings(to present)

The Audit and Supervisory Committee Member
Shoji Morii

Yukio Tanabe

Biography

Biography

Mar 1972 : Bachelor of Commerce, Waseda University
Apr 1972 : Joined Sumitomo Trust and Banking Co., Ltd.
Jun 2003 : Appointed as Representative Director andPresident of Kobe Airport Terminal Co., Ltd.
Jun 2009 : Appointed as Outside Director of Asahi Pretec
Jun 2010 : Appointed as Outside Director of
Asahi Holdings
Jun 2015 : Appointed as Outside Director of Asahi Holdings(Audit and Supervisory Committee Member) ／(to present)

Mar 1981 : Bachelor of Commerce, Yokohama City University
Apr 1981 : Joined Victor Company of Japan, Limited
Jan 1988 : Joined Sony Corporation
Sep 2004 : Joined Asahi Pretec Corp.
Apr 2009 : Appointed as Director of Asahi Holdings
Jun 2011 : Appointed as Auditor of Asahi Holdings
Jun 2015 : Appointed as Director of Asahi Holdings(Audit and Supervisory Committee Member) ／(to present)

Kazuhiko Tokumine

Hiroharu Okubo

Biography

Biography

Mar 1982 : Bachelor of Law, Nihon University
Apr 1993 : Admitted as Bar in Ginza City Law OfficeApr 1996 : Founded Tokumine Law OfficeApr 2009 : Appointed as Outside Auditor of Asahi Holdings
Jun 2015 : Appointed as Outside Director of Asahi Holdings(Audit and Supervisory Committee Member) ／(to present)

Mar 1975 : Bachelor of Economics, Hitotsubashi University
Apr 1975 : Joined The Bank of JapanApr 2001 : The manager of The Bank of Japan Kobe officeApr 2004 : Joined Graduate school of Economics, Kobe
University as professor
Apr 2007 : The executive advisor of The Senshu Ikeda Bankand president of Shizen Soken (to present)
Jun 2015 : Appointed as Outside Director of Asahi Holdings(Audit and Supervisory Committee Member) ／(to present)

ASAHI HOLDINGS

04

CORPORATE GOVERNANCE

Under the even more transparent corporate governance, our 24 group companies and 2,005 group employees are
expanding its business fields beyond Japan and the rest of Asia to the entire world. Operating companies, mainly Asahi Pretec and Japan Waste make timely decisions and develop operations in each specialty area in order toreinforce competitiveness and expand profit. With each company carrying out its functions, we will strive to achieve
lasting growth and development as a corporate group.

Corporate Governance/Risk Management

Establishment of Corporate Governance Policies
In order to achieve sustained growth and to enhance medium to long-term corporate value, we established “Asahi
Holdings Corporate Governance Policies”.
By carrying out each initiatives, we will strive to achieve continuous development of corporate governance.
URL:http://www.asahiholdings.com/english/ir/library/governance/

Maintaining an internal control system
We are working to strengthen corporate governance by establishing an Audit and Supervisory Committee within the
Board of Directors, including three outside directors, which cooperate with our internal audit sector and internal
control sector. Furthermore, along with establishing systems so the Board of Directors, Audit and Supervisory
Committees and internal control sector function effectively, we are strengthening our internal control system bydeveloping rules regarding compliance, risk management, information management, and so on, and are
implementing them group-wide. Moreover, in order to carry out fair and sound corporate activities, Guidelines for
Action that must be strictly followed by all Group members are codified in the Asahi Way.

Risk management
To properly manage apparent and potential risks in business activities, we study risks from a comprehensive
standpoint, against which assessment is performed and actions taken. We are working hard to prevent risks fromarising, and to minimize losses when risks develop into a crisis, through the promotion of risk management.

Compliance
We consider compliance a priority issue in delivering fair business activities and ensuring legal compliance and highethical standards. Particularly, operations related to appropriate processing of wastes are based on environmental
laws and regulations as well as governmental licenses, and each and every employee is required to always act witha highly compliant mindset. We are conducting activities to raise the legal compliance awareness of each and every
employee through education and mutual communication, along with rules and manuals related to compliance.

Internal reporting system
To quickly identify and resolve problems such as unlawful and unjust behavior, we have set up “Asahi Hotline”(whistle
blower program). Employee can directly report to both an internal desk and external law firm anonymously.
We place corrective actions to disclosed matters after investigating without revealing the identity of the disclosing
and disclosed parties.

Business continuity management (BCM)
Due to various factors such as large scale disasters, there is a risk that our Group’s functions needed for business
continuity may weaken. As an action plan to achieve quick restoration of mission-critical functions even after adisaster, we created a business continuity plan(BCP). In addition to BCP, we are conducting the activity of business
continuity management which is a system for improving BCP and business continuity actions continuously.

05

Financial Highlight
We are proactively promoting strategic focus on growth and striving to improve corporate values throughbusiness development and provide stabilized returns to our shareholders.
●Net Sales●Operating Income（JPY in 100million）
1600
1,511

（JPY in 100million）

120

1200

1,114
964

1,185

112

80

943

800

96

105
87

75

60
40

400

20

0

2011

2012

2013

2014

0

2015

●ROE (Return on Equity）

2011

2012

（％）

70

25
20

2014

2015

66.6

67.3

70.1

60

16.2

15

2013

●Capital Equity Ratio

（％）

11.2

13.6

11.9

10

49.1

50
9.9

48.2

40
30

5
0

100

2011

2012

2013

2014

2015

●Stock Distribution by Shareholders
Securities Firms

406,182 stocks

1.12%

Treasury Stocks

3,432,607 stocks

9.47%

Other Corporations

3,043,105 stocks

8.39%

Individuals and Others

13,901,290 stocks

38.34%

20

8,270,500 stocks

Foreign Investors, etc.

7,200,660 stocks

19.86%

as of March 31, 2016

2013

2014

2015

In order to continue to grow our corporate value, we
carry out strategic investment for growth while working
to enhance our revenue base. Our payout ratio is a key
metric in the distribution of the proceeds of this, and wereturn proﬁts to our shareholders through the provisionof a stable dividend.

◯Dividend Per Share
（JPY）

60

40

22.81%

2012

Basic Policy on Shareholder Returns

50

Financial Institutions

2011

year-end dividend
mid-term dividend

60.0

60.0

60.0

60.0

60.0

30.0

30.0

30.0

30.0

30.0

30.0

30.0

30.0

30.0

30.0

2011

2012

2013

2014

2015

30
20
10
0

ASAHI HOLDINGS

06

F O C U S 2 015

The Asahi Holdings Group is consistently evolving
for sustained growth and its acceleration.
Our Group is accelerating its growth with two business segments as new growth engines: the life & health businesscentered on FUJI MEDICAL INSTRUMENTS MFG.CO.,LTD.(Fujiiryoki) which joined the Group in 2014, and the goldand silver refining business in the USA and Canada, which became part of the Group in 2015.

Awareness activity ofAsahi brandWith gold and silver refining business in the USA and
Canada (Asahi Refining) becoming a Group company,
we were able to obtain a global business with a
top-class share in North America and the world. The
business gives us powerful management resources,
namely, refining technology developed over many
years, strong relationships with mining companies,
and the cost competitiveness of huge scale.
Full-fledged manufacture and delivery of the company's products under the “Asahi” brand is underway,
and they are flowing out worldwide. Furthermore, aspart of our brand awareness activities, the Asahi
Refining name and logo featured prominently as an
event sponsor at a conference jointly hosted by the
London Bullion Market Association (LBMA) and theShanghai Gold Exchange (SGE), International Precious Metals Institute(IPMI) and several globallyrespected market research publications. Additionally,
Asahi Refining president, Grant Angwin, was elected
as chairman of the London Bullion Market Associationin 2014.

ASAHIREFINING.COM

R E NOWNE D HE R ITAGE
REMARK ABLE PRECISION

Expansion of mutualtechnology exchange
We actively expanding mutual technology
transfer and utilization between polished up
technology in Japan and technology cultivatedthrough USA and Canada gold and silver refining business. By maximizing technical integration and synergy inside the Group, we meetcustomer needs in terms of quality, cost anddelivery.

07

Fujiiryoki’s new top-of-line product for domestic market:
Cyber-relax massage chair “AS-1000” is on sale
In November 2015, Fujiiryoki launched the AS-1000 replacing previously top-of-the-line AS-970. Furthermore, flagshipmodels such as “In-depth KIWAMI MECHA PRO” and “Triple mode Air system” bring together the best of Fujiiryoki's technology.

“Automobile Relaxation Seats” : jointly developed by
Fujiiryoki and Toyota Modellista International Corp.
Fujiiryoki and Toyota Modellista International
Corp. have completed joint-development ofluxury "Relaxation Seats" for automotive use.
Utilizing air massage technology cultivatedover many years, the specialized seats haveair cells in eight locations covering the upperand lower back, hips, and thighs. Three relaxation programs, which have been newly
developed, enable users to experiencerefined air press even in a car.

ASAHI HOLDINGS

08

Precious
Metal
Business

Utilizing effectively the limited
resources to contributeto the earth and society.
We collect scraps containing precious and rare metals which areyielded from a variety of fields and recycle them mainly with Asahi
Pretec as a core of precious metal recycling business. By recycling
precious metals and rare metals such as gold, silver, platinum,
palladium and indium, which are essential to modern
manufacturing activities, we are contributing to the effective
utilization of resources and the industry development.

■Business sectors

Photography

Jewelry

Dentistry

Electronics

Catalyst

LCD

There are a wide variety of fields and regions in which
recyclable material for precious metals can be collected.
Utilizing overseas locations and domestic sales networks
that cover the entire country, we efficiently collect andrecycle precious metals and rare metal resources fromvarious industry fields such as electronics, auto catalysts,
liquid crystal display, dentistry, jewelry, and photography.

09

Business Activities

01. Business ﬁelds supporting industry

We recycle precious metals from discarded
electronic substrate and processing scrap.
Gold

SilverPalladium

Platinum

We build a resource recycling cyclein the dental industry.
Gold

Silver【E-scrap】

Gold

SilverPalladiumWe also receive work from jewelry
manufacturing organizations.
Gold

Platinum

SilverPalladium

Platinum

Rhodium【 Catalyst】
In accordance with environmental regulations concerning exhaust fumes such as
the Air Pollution Control Act, the NOx/PM
Act and other laws, precious metals suchas platinum, palladium and rhodium areused as catalysts for automobile exhaustgas. We are making efforts to recycle
precious metals from automotive catalysts, chemical catalysts, etc. utilizing ourunique technology.

PlatinumCollect X-ray film and effluent from photo processing
for silver recycling and detoxification.
Silver【Photography】

We are expanding our business of precious metals recycling and precision
cleaning by temporarily keeping customer’s vacuum deposition and sputter deposition equipment used in the process ofelectronic parts and semiconductors.

Palladium

Palladium

Based on our advanced assay and precious
metal refining technologies, We recycle precious metals from jewely products in distribution processes and from various materials
arose during manufacturing processes. We aresubcontracted by jewelry manufacturing industory organizations for "precious metal scrap
collection and assay". Our many years ofproven performance have earned the profound trust with all of our customers.

【 Precision Cleaning】

Automotive catalysts contain precious andrare metals.

Silver【Jewelry】

In plating treatment field, we are engaged
in the business of recycling mainly precious metals included in plating solutions
and so on. In addition to the recovery of
precious metals such as gold, silver, andpalladium, we also provide environment-friendly
recovery technologies for rare metals recycling and water treatment/reuse.

Gold

Platinum

The precious metals products used atdental clinics and dental laboratories aremainly gold, silver, and palladium alloys.
The precious metals content varies by
type. We use our own system for integrated management of collection, assay andreporting to build a resource recycling
cycle in the dental industry.

【Plating Treatment】

We perform precious metals removing andprecision cleaning of semiconductor-equipped parts.

Palladium【Dentistry】

The electronics and semiconductor industries use precious and rare metals in the
manufacturing processes for electronic
components and printed circuit board
used in personal computers and mobile
phones. We use our world-class technologies to collect and recycle collect and recycle precious and rare metals discharged during various processes.

We consistenty maintain a high recovery
rate with our own unique technology.

Precious Metal BusinessWe meet society's recycling needs inbusiness sectors covering all fields.

We collect X-ray film and effluent fromphoto processing for silver recycling anddetoxification. Effluent from photo processing is recycled as materials for roadbeds, achieving zero emissions.

Liquid crystal panel displays use indium.
Indium【LCD】
The transparent electrodes in liquid crystal panel
displays used in portable terminals and automotive
products use indium. We engage in the recycling ofrare metals by using our own advanced technology.

ASAHI HOLDINGS

1002. Technology that creates trust

We pursue new possibilities
in precious metals recycling
with our own technology.

World-class technology thatrecovers precious metals in pure form
from scrap.

R&D consistently pursuingquality improvement.

Technology that samples scrap, using methods inaccordance with its characteristics to carry out accurate
analysis. Fur ther more, over many years we haveaccumulated technology to recover at the highest rate
only the precious metals included in such scrap. In testingby the London Bullion Market Association (LBMA), ourprecious metals analysis technology scored at the world's
top level.

In addition to the high-precision precious metals assay
technology that we have cultivated so far, in our everyday
R&D activities we are always aiming to optimize assay
accuracy and lead time through the establishment of new
methods and technologies. Especially in areas of great
technical difficulty, we actively pursue multifaceted
par tnerships with universities and public research
institutions.

*1) In order to keep and enhance assay skill of qualified institution
LBMA have conducted this test from 2012. Close to 40 assay
institutions including Mint and major gold refinery participate thistest. Asahi Pretec participates every year.

Proces s e s o f p r e c i o u s m e t a l s c ollect io n an d r ecyclin g

Customers

Proces s ing s teps

【Dentistry】【Precision Cleaning】【Catalyst】
【LCD】

11

Assay

【Plating Treatment】

Pre-treatment【E-Scrap】

Inspection【Photography】

Refining and Molding Process【Jewelry】

Business Activities
Precious Metal Business

Optimal processing andproduction systems toachieve thorough efficiency.

Mutual technology transfer andutilization on a global level.

We have deployed manufacturing operations in Japanand elsewhere in Asia that enable the most efficient
recover y of precious metals and carr y out optimal
processing of recyclable materials depending on the
different characteristics and admixtures in the businessfields where we collect.
Furthermore, we accurately meet customer needs by fully
utilizing optimal methods and efficient refining facilities
depending on the type of precious or rare metal.

In the precious metals business, the acquisition of the
Nor th American gold & silver refining business has
enabled mutual technology transfer and utilization on a
global level. Through maximization of technical integrationand synergy within the Group, we aim to globally
establish "Asahi technology" that meets customer needs
in terms of quality, cost, and delivery.

F i n i s h in g

Our Reliable Quality is highly-regarded inJapan and Overseas.
Asahi Pretec is a full-fledged member of the Japan Gold Metal Association and its
gold, silver, platinum and palladium metals are recognized as brand products for thedelivery supply of the Tokyo Commodity Exchange. Additionally, those metals arehighly regarded in the global market for their reliable quality, with gold and silver being
recognized by the London Bullion Market Association (LBMA), and platinum and palladium being certified by the London Platinum and Palladium Market (LPPM) as gooddelivery bars.Gold and silver metals of Asahi Refining are also certified by LBMA as
good delivery bars.

So that our customers around the world can use our gold products free from concerns,
we have established a control system in accordance with guidance from the OECD,
the LBMA, and so on regarding non-purchase and non-use of conflict metals *1, withinspection and certification*2 by global third-party organizations.
*1) Conflict metals can be defined by any conflict minerals derived from countries or regions, in which any inhumane acts
such as conflicts, human trafficking, slavery, force labor, child abuse, war crimes,terrorist activities, or any fraudulent
activities such as money laundering, which can become a source of war chests.
*2) URL: http://www.conflictfreesourcing.org/

ASAHI HOLDINGS

12

03. The foundation supporting our businessWe have established the best precious
metals technology in Japan and the rest of
Asia and built a broad network.
We consistently work to expand and better it,in terms of both geographic area and technology fields.
GLOBAL BUSINESS LOCATIONSAt the Asahi Holdings Group, we have been expanding our Asian bases in the precious metal business since 1994. In
Asia, "the world's factory," we have established and expanded precious metal recycling business in the electronics
industry and other industrial fields using technology cultivated in Japan and methods rooted in local markets. In FY 2014,
we obtained a base in the North American refining business (Asahi Refining). This enables not only expansion of area,
but also business development utilizing locations in Japan, Asia, and North America.

●●

Asahi Pretec Korea ●Shanghai Asahi Pretec ●●Asahi Pretec●

Asahi Pretec Taiwan

Asahi Refining USA

Asahi Shih Her Technologies (JV)ASAHI G&S ●13

Asahi Refining Canada

Business Activities
Precious Metal Business

RESEARCH & DEVELOPMENT
The "Technical Research Center"pursuing unique R&D
For “recycle of precious metals and rare metals” and “detoxification
and recycling of industrial wastes”, we have promoted proprietaryr e s e a r c h a n d d eve l o p m e n t w i t h a n a l y t i c a l t e c h n o l o g y
improvement. The Technical Research Center was established in
Kobe High-Tech Park as the nucleus of R&D. We are looking totake even greater strides forward as a company that contributes tosociety through improvements in quality and technical innovation.

R&D
We anticipate the demand of our customers and strive to create new products and businessthrough the application of the accumulated elemental technologies and the development of
new technologies.
(1) Technology for separating and refining of precious and rare metals(2) Environmental preservation and resource recycling technology(3) Precious metal molding and refining technology(4) Applied neutral electrolysis water technology

Assay
As Asahi Holdings Group’s core assay function, we support a diversity of corporate activities
using the latest assay equipment and high-level assay technology. In addition, we play animportant role in maintaining and enhancing the trust with our customers and client companies.
(1) Development of new assay technology(2) Technical guidance for assay groups at each plant and sales office(3) Purity assay of precious metal products and dental alloys(4) Environmental analysis of issues such as factory wastewater discharges(5) Environmental measurement certification

Engineering
Using cutting-edge technology, experts from each business area design, produce, constructand provide maintenance of facilities in domestic and overseas subsidiaries, helping tosupport safe and stable operation of the facilities.
(1) Design, production, construction and maintenance of facilities and buildings(2) Maintenance control of existing facilities(3) Installation of precious metals collection facilities for our customers and after-sales service

ASAHI HOLDINGS

14

Enviromental
Preservation
Business

Working as waste disposal experts
towards the realization of a sustainable,
recycling-oriented society.
We detoxify and properly dispose of each type of waste, contributing
to the solution of geoenvironmental issues. Group companies under
the umbrellas of Asahi Pretec and Japan Waste meet diverse
customer needs through the provision of unique technologies
cultivated over many years.

■Business sectors

Organic
Waste Liquid& Sludge

Government
andpublic oﬃce

Educational
institutions

Chemical reagent
manufacturers

Plant
manufacturers

Glass/sash
manufacturers

ChemicalResearch
institutions

Analysisof oﬃces

Hospitals,
Clinics, etc.

Glass
CulletWaste Oil

Wood
Chips

Firebrick

Waste
Reagents■ Licenses acquired by our Group ( As of March 31, 2016 )Industrial waste collection transportation license: All prefectures and government
ordinance cities
Industrial waste disposal license: 14 prefectures and 9 government ordinance cities
Specially-controlled industrial waste collection transportation license: All prefecturesand government ordinance cities
Specially-controlled industrial waste disposal license: 12 prefectures and 8 government
ordinance cities
Certified company as the environmentally sound management of hazardous wastes:(Asahi Pretec) All prefectures and government ordinance cities(Japan Waste) 27 prefectures and 3 government ordinance cities
In April 2011, laws concerning industrial waste management were revised and arecognition system for excellent industrial waste management companies was newly
created. Prefectures and government ordinance offices select companies which conformto their strict standards such as ability for implementation of operations, actual
performance, etc. Our group companies will pursue for acquiring the certification toorganize our systems so that customers can contract business without anxiety.

15

Business Activities

01. Business ﬁelds supporting recycling

Recycling of waste oiland sludge

Wood waste recycling

Fire-proof brick recycling

Based on analysis results, various kinds ofwaste oil and liquid waste are blended in an
optimal for mula, and the ingredients areadjusted to produce supplementary fuels usedin cement production and waste incineration.
Furthermore, sludge and burnt residues arealso recycled into cement mater ials by
adjusting their ingredients and moisture andby kneading. Thoroughgoing analysis is also
performed upon receiving and shipping for its
quality maintenance control as qualified
recycled materials.

Wood chips made from crushing demolition
wastes and other wood wastes are recycled
into biomass generation fuels and particleboards.

Disused fire-proof br icks produced fromdemolished furnaces of glass manufacturing
and periodic repair work of incinerators arecarefully separated and treated with the aim ofrecycling for reuse as fire-proof bricks andpaving materials.

Glass recycling

Organic waste liquidand sludge recycling

We collect sheet glass and glass bottles fromglass manufacturers, sash manufacturers andlocal municipalities. Sheet glass scraps andglass bottles collected are reused and sold forhigh-quality glass cullet after separation andcrushing at our plant. Through glass recycling,
we are helping to prevent exhaustion of mineral resources and reduce the environmental
burden.

Organic food waste liquids discharged fromfood manufacturing plants and restaurant
chains are neutralized and dewatered. The
filtered liquid is purified by microbial treatment
to less than the emission standard value andthen discharged into sewers. Sludge, after
composting through fermentation and maturing
process, are made an effective use by farmers
as organic fertilizer.

ASAHI HOLDINGS

Enviromental Preservation BusinessWe develop one-stop solution
for various wastes within our group.

16

02. The foundation supporting business

Striving for providing high-value added
services in a variety of field,
we promptly meet the diversified andsophisticated needs of our customers
through disposal technology that is especiallysuited to each industry.
We have acquired permission for the collection, transportation, and intermediate treatment of most articles of industrial
waste and specially controlled industrial waste, and havecreated a structure that allows us to dispose of such waste
appropriately and promptly. Furthermore, we are promoting
the establishment of distinguished detoxification and disposal technology and working towards one-stop solution within
our group in the environmental preservation business.

Kyodo Chemical●Collection, transport●Photosensitive materials businessIyotec●Labor dispatch, recruitment andoutsourcing services to various
manufacturers

JW Glass Recycling●Recycling of glass
sheets and bottles

Nihon Chemitech

Taiyo Chemical●Processing of organic liquid
waste and fermentation/
composting of sludge●Processing of wastes from the electronic
components industry and hospitals, etc.
●Photosensitive materials businessJapan Waste●Production of fuels from waste oil●Production of cement materials
from sludge, etc.
●Sorting and crushing of plastic waste,
metal scrap and glass, etc.
●Processing of wastes fromelectronic & IT devices

JW Logistic
Asahi Pretec Sales
Offices
Group companies●Collection and transportationof industrial waste andspecially controlled industrial
waste

PlantsEcomax●Process of concreting
burnt residues, dust andsludge generated fromincinerators, etc.

17

Fuji Rozai●Regular maintenance and demolition workof glass manufacturing kilns andwaste incinerators●Collection, transportation, immediate
processing and recycle of fire-proof bricks, etc.
●Construction/demolition work

Business Activities

03. Technology that creates trust

Enviromental Preservation Business

Pursue new
possibilities with
our own unique
technologies.

Excellent technology make various treatment.
● Treatment of Specified Hazardous Waste Acid,
Waste Alkaline and Waste Reagents● High-Speed Microbial Treatment of Waste Acid/
Alkaline and Sludge

It is necessary to appropriately treat waste acid and waste alkaline discharged fromplants and business offices and waste reagents which are unnecessary at laboratories and institutes of universities and private companies. These various kinds ofwaste are treated for detoxification in the dedicated facilities at each plant by utilizing
technology which has been cultivated over many years by our group under thoroughsafety management procedures. Waste is separately stored in containers in accordance with classification standards of our group and measures are taken to prevent
abnormal reactions during collection, transportation and storage. We analyze andprovide appropriate treatment of waste reagent with a bottle being peeled off label,
which precludes the gauge of the content.

After removing hazardous substances from waste liquids fromplants and offices, even if liquids contain nitrogen and phosphorus, they are detoxified and purified to under environmental management standards value for water discharge by our originaltechnology, such as microbial treatment, etc., and are
discharged. In particular, energy consumption and CO 2 emissions are lower than the ones of other treatment methods. Sludge
after neutralization and dewatering of waste liquids are reused for
raw materials of non-ferrous metals and steel. Some sludge
which cannot be recycled is sent for landfill disposal.

● Concreting of Hazardous Substances● Safe and hygienic incineration which can treat
specially-controlled industrial wastes

Some wastes from incinerators that contain burnt residues, dust, sludge and harmful
substances (heavy metal such as arsenic, lead, chrome, selenium, etc. and dioxin.)
may not be suited for recycling. We process concrete with waste into a solidified form
(insoluble) in such a way that harmful substances will not be eluted. We possess
original facilities and technologies that prevent harmful substances from eluting into
the natural environment even under powerful acidic conditions.

Labor-saving operation is realized by central control of each automated equipment. In addition, medical wastes are treated safeand hygienic way by casting into the furnace through specialized
automatic provision line.
We can treat various kinds of industrial wastes, which can besolid to fluid, efficiently and precisely.

Pr o ces s es of i n d u s t r i a l w a s t e d i s p o s a l a n d r ecyclin g

Collection andtransportation

Intermediate
treatment●Industrial waste●Neutralization●Condensation and precipitation●Concentration

Recycle17 ar ticles, including waste
acids, waste alkalis, waste oil,sludge, waste plastics, etc.

●Dewatering●Specially controlledindustrial waste●Separation of oil from water●Incineration

Waste effluent treatment facility●Neutralization, Mixing●Drying●Sorting, compressing, crushing

Landfill

12 ar ticles of waste, such aswaste acids, waste alkalis, wasteoil, sludge and infectious waste,
which all contain specified toxic
substance.

●Cyanide decomposition●Kneading●Concret solidification
Incinerator

ASAHI HOLDINGS

18

Life &
HealthBusiness

By “Providing equipment and systems
for better life and health”, we meet thecurrent needs of our society due torising health conscious trends andaging population.

Contributing to people's pleasant lifestyles and good healthWe, the Asahi Holdings Group, in order to meet the needs of a societythat is aging and increasingly concerned with health, as is expected inJapan, and to help people achieve pleasant lifestyles and good health,aim to grow our life and health business through a three-company
network centered on Fujiiryoki, which joined the Group in fiscal year
2014. We shall carry out aggressive business development, including
global markets, of this third pillar of the Asahi Holdings Group's
sustained growth.

■Life & Health

Massagechair

Enegy-saving
air conditioning
systemOther
healthcare
equipments

Network of Life & Health Business
From Hokkaido in the north to Okinawa in the south, wehave 36 locations in Japan. We are working to integrate
the three companies' business bases and create maximum
synergy in order to provide our customers with life andhealth solutions that support their pleasant living environments.

19

Business Activities

01. The foundation supporting business

FUJI MEDICAL INSTRUMENTS MFG. CO., LTD.

Life & Health Business● Incorporated into our group in Jul 2014
● Headquarters : Osaka City, Osaka: Minamikawachi,Osaka● Factory● Sales Office : 24 locations in Japan● Business Line : Manufacturing and sales of massage
chair , and other healthcare products
such as hearing aids

Osaka Factory
Electrolytic hydrogenwater ionizer

The world’s first commercialized massage chair in
1954 was authorized as“the Mechanical Engin e e r i n g H e r i t a g e” i nAugust 2014.

Hearing aids

INTER CENTRAL, INC.
● Incorporated into our group in Jul 2012

● Headquarters : Takizawa-City,Iwate: Takizawa-City,Iwate● Factory● Research Lab : Takizawa-City,Iwate● Sales Office : Hokkaido, Iwate, Akita, Miyagi, Tokyo, Aichi, Osaka,
Fukuoka● Business Line : Manufacturing and sale of heating equipment, Design andconstruction of radiant air-conditioning system
Examples of installation

Celing Radiant Air-Conditioning System

Floor Radiant Air-conditioning System

KOEIKOGYO CO., LTD.
● Incorporated into our group in Mar 2014
● Headquarters : Yokohama-City,Kanagawa: Chiyoda-ku,Tokyo● Office● Business Line : Design and construction of facilities for fire-prevention, air-conditioning and sanitation

ASAHI HOLDINGS

20

02. Expansion of business ﬁelds

We develop products which can meet social needs
by using technology cultivated in many years.
Products development for women
The new beauty and healthcare product brand "mashua" was developed by women for women,with the full functions enabled by a specialist manufacturer's technology and the good taste
created by women's sensibility.

It is a foot air massager with the know-how of a massage chair manufacturer
incorporated into a compact body. With 14 air bags installed in total, it is wornlike boots to cover the leg and foot below the knee, closely wrapping themfrom the calf, where swelling often occurs, to the tip of the toe. With two
automatic settings and a two-level intensity adjustment function, it provides anice massage for tired legs and feet.
When not in use, it stores in a cute case that looks like a marshmallow andhas a pleasant-to-touch brushed surface. Furthermore, it comes in three color
variations preferred by many women.

A slim body with full massage technology
Powerful seat massager brought to you by the massage chair pioneer

With its easy-to-carry, compact design, you simply lay the seat massager on achair or sofa to use it.
Motion range of kneading heads covers 57cm, which length is the longest in
the industry. It cover a wide range of points, from neck to shoulders, to upperand lower back, to hips.
Three motors with our unique technology move the kneading beads, formassaging, tapping, and up-and-down motions. Users can set the strength totheir preferences and concentrate the massage action where they need it most.
In addition to a heater to warm up users while they enjoy a massage, the seatmassager is equipped with a surface vibrator and other technologies of thetype one can expect of the massage chair pioneer.

21

Business Activities

The ultimate far-infrared heater newly developedby a specialty electric heater manufacturer dedicating all of its technologies

Life & Health Business

Comfort The windless system does not raise
dust and keeps clean air

BeautyPrevents dr y air and provides
gentle warmness

HealthFar infrared ray warms a body to thecore evenly

High efficiency heating by the newly developed “roundcut”
The newly developed “round cut” significantly increases the surface areaof the heating element, and far-infrared radiation reaches every corner ofthe room.

Easy to use, convenient functions
Power and timer can be set by simple operations that are easy enoughfor children and elderly people to use.

Safe design
Equipped with an excessive temperature rise prevention device, theheater will be automatically turned off when you forgot to turn it off (after
10 hours of no operation).
Covered by a guard which prevents accidental burning. If the heater
becomes tilted or falls over, the power off function kicks in and turns thepower off.

We are providing these products in life & health business segment
Life & health business segment consists of Fuji Medical Instruments ,Inter Central and Koei kogyo.
We contribute to society by providing machines and equipment which support comfortable life and health.

Massage
Chair

Electrolytichydrogenwater ionizerAirmattress

Fuji MEDICAL INSTRUMENTS MFG Co., Ltd.
INTER CENTRAL, INC.
KOEIKOGYO CO., LTD.
Electric
heaterRadiant airconditioning
systemHearing
aids

ASAHI HOLDINGS

22

Environmental
Activities

The Asahi Holdings Group is creating a cycle that contributes to the
Earth's environment through business activities.

In order to globally develop our corporate activities as a leading company in the environmental ﬁeld, we should also be a leader in ourenvironmental activities. Not just actively promote ISO 14001 activities but we also implement our longstanding value"Innovation
and Challenge" in our environmental activities such as initiatives on global warming and energy conservation.
We aim to be a company that gives all stakeholders peace of mind.

Precious
metal bullions

Dental alloys

Recycling raw materials

Recycling
Products

Industrial waste

Asahi Holdings Group

Cement raw material forsteel and non ferrous,
emulsion fuel, fuel forbiomass power
generation, plastic,
glass, fire-proof bricks,
fermented compost

Recycling
Resources

Waste
EnergyPlantsBusiness sites,
research lab, etc.

Effluent
Medicines

Water

23

Exhaust fumes

Environmental Activities

Environmental Management

Environmental Policies

Environmental Management

We will contribute to the environmental preservation of the earth and establish a soundmaterial-cycle society through the company’s businesses on recycling of precious andrare metals and industrial waste treatment.
(1)In all business activities we will strive to conserve resources and energy andreduce, reuse, and recycle waste to minimize the environmental burden.
(2)We will promote the recycling of resources of precious and rare metals toachieve a more effective use of the limited resources of the earth.
(3)We will adequately and safely perform our operations for the collection,transportation, and treatment of industrial waste to prevent environmental
pollution.
(4)We will prioritize a harmonious coexistence with nature and regional
communities. We will strictly follow the relevant environmental laws andregulations and other requirements which we recognize.
(5)We will establish environmental objectives and targets and periodically review
them to continue improving our activities.
(6)We will educate all our employees and increase their environmental awarenessas members of the community, promote their understanding of environmental
preservation activities, and participate in such activities.
These environmental policies shall be conveyed to all of our employees and all those working for the company andannounced to the public as our commitment.

ISO14001 Approval Status
Asahi Pretec has acquired ISO14001 Certificate at 22 locations since 2000
when Technical Research Center was initially certified. Consequently, ourdomestic bases have acquired ISO14001 Certificate at 9 companies with
34 locations. We will continuously develop ISO14001 maintenance andimprovement activities by promoting the integration of our operation andISO14001 Certificate.

Environmental Management Promotion System
Our “Company-wide Environmental Purposes and Goals (annual plan)” isdeveloped based on the Environmental Policy that establishes our environmental preservation philosophy. According to the above established purposes and goals, each domestic bases with ISO14001 develops its own“Annual Environmental Purposes and Goals” and implements environmental preservation activities closely related to their business tasks. Furthermore, the Environment Committee of each center abides by the regulations
set by the environmental law, revises plans and examines environmental
education, etc. and provides reports to the management. While the ISO
Office controls the environmental management system (EMS), an environmental preservation supervisor is assigned for each business office as an
aim to implement thorough promotion of environmental activities.

ISO14001 Certiﬁcate

Environmental management structureManagement
General Internal Auditors
Chief Environment
Control Manager
General Environment
Committee
ISO Office

ISO14001 Environmental Audits
Regular inspections are carried out
on the state of compliance withspecifications by an external examining authority for ISO14001 activities. Moreover, internal environmental audits are conducted at least
once a year at business sites inorder to ensure that EMS is being
properly administered.

Supervisors

Supervisors

Supervisors

Internal Auditors
Environment
Preservation
Administrator
Environment
Committee
Regular External Audit

Department

ASAHI HOLDINGS

24

Environmental Performance
INPUT

The energy, resources (water), chemicals, andetc, used in our precious metal, environmental preservation, life & health business activities are listed as “INPUT” data, while the environmental burdens given off from performing
business activities with the substances arelisted as “OUTPUT” data.
Although we tried to reduce the amount ofenergy usage by reviewing the production
efficiency and the disposal process, the CO2
emission amount of domestic group companies remained at the same level as the previous year due to the increase in fuel consumption through the business expansion.

Unit

FY2011FY2012FY2013

FY2014FY2015

Electricity

MWh23,81623,03522,96323,292

22,170

Heavy oil

kl

1,192

891

739

681

920

Kerosene

kl

440

451

449

474

462

Light oil

kl

3,200

3,176

3,241

3,430

3,476

Gasoline

kl

914

928

917

1,948

1,990

Urban gas

1,000 m3

27

13

12

13

12

LPG

t

22

19

13

13

12

Water

1,000 m3

364

336

322

342

338

14,191

13,14012,68814,40813,455FY2011FY2012FY2013

FY2014FY201523,86325,47426,94629,992

29,731

251

217

191

214

202

17,71916,04815,517

17,257

16,133Chemical, etc.

t

OUTPUTUnit
CO2 emissions
Efﬂuent*t
1,000 m3

Wastet

* Puriﬁed until under environmental management standards values for discharge.

Environmental Accounting
For the promotion of environmental management, we have introduced environmental accounting since FY2005 and publicly disclose
costs related to environmental preservation. These are prepared in accordance with the Environmental Accounting Guidelines of the
Ministry of the Environment.
● FY2015 Env ir on me ntal Pr e se r v a ti o n C o sts*Total cost of domestic group companies (Unit: million yen)

Category

1. Cost within
business areas

Major Initiatives

Expenses

Investments

1.Cost of preventing pollution

Cost of preventing pollution Control and maintenanceof gas emissionfacilities, water drainage, and etc.

341.5

12.7

2.Cost of protecting theenvironment

Energy conservation activities (power-saving, environment
improvement of fuel-efﬁciency for vehicles, and etc.)

13.7

10.9

3.Cost of recycling resources

Entrustment of industrial waste treatment

224.3

0

0

0

̶

2. Cost of upstream and downstream
3. Cost of management activities

ISO14001 management activities
Disclosure cost of environmental information

51.8

0

4. Cost of research and development

Improving efﬁciency for the precious metal reﬁning process
Decreasing the volume of landﬁll disposal

12.3

0

5. Cost of social activities

Clean up activities in the neighboring
communities

3.90

6. Cost of handling environmental damages

̶

0

0

Total

̶

647.5

23.6

Results of Saving Exhaustible Natural Resources, Recycling
Through recycling all kinds of raw materials, we are cutting back on the amount of natural resources (precious metals, non-ferrous metalores, agalmatolite, quartz sand, plaster, forests, etc.) that are being mined or felled, thus contributing to the protection of the global
environment. And the zero-emission initiatives in customers led to decrease of recyclable waste volumes, but we try to promote recyclingof waste oil and improvement of waste sorting. Consequently the recycling rate in FY2015 was 76.6%.
■ Precious Metal Ores

(Precious Metal Recycling)

2,067.7Kt /year(Eﬀective Use of Waste)

8.9Kt /year■ Timber■ Glass cullet(Construction Waste Recycling)(bottles, waste glass sheets)

18.0Kt /year

98.6Kt /year■ Fermented compost■ Wood chips■ Non-ferrous metals materials■ Refractory brick paving materials(Food wastes, organic sludge)(Construction scrap wood)(Liquid waste containing metals)(Furnace waste materials)■ Scrap metals■ Fuels/raw materials for cement■ Clay waste(Construction metal scrap, OA equipment)(Plastic waste, waste oil/liquidwaste, wood chips, sludge)

15.2Kt /year
1.3Kt /year

25■ Fossil Fuels

18.0Kt /year
4.5Kt /year

2.3Kt /year

20.7Kt /year

5.8Kt /year■ Emulsion fuels

4.8Kt /yearEnvironmental Activities

Grobal Warming Prevention Efforts●Greenhouse Gas Emissions●Solar Power Generation System

Volume of CO2（1000t-CO2）(Net emissions*: production, transportation and oﬃces, etc.)

100

Environmental Management

80
60
40
20
0

2011

2012

2013

2014

2015
Explanation of electric generation condition via monitor：Emission amount of non-energy source CO2：Emission amount of energy source CO2CO2 emission of our domestic group companies in FY2015 was
94,000t and increased by 3% year-on-year. The non-energy
source CO2 emission amount increased by 5% year-on-year due
to the increase of the incineration amount of the industrial waste.
The energy source CO2 emission remained at the same level as
the previous year due to decreased electricity consumption by 5%
year on year.

Asahi Pretec Hanshin Office is selling all amount of the power
generation to Kansai Electric Power Co. Total power generation
in FY2015 was 118,000kWh, which comes to about 59,100t
converted into the amount of CO2 reduction. Trying to absorb
the same annual amount of CO2 through the forest of Japanesecedar, it would require about 4,200 pieces of matured tree tocover the amount.

* Calculation of Greenhouse Gas Emission Volume (comply with Law
Concerning the Promotion of the Measures to Cope with Global Warming )Energy-Saving Effort●Energy Consumption

The amount of energy consumption of our domestic group companies
remained at the same level as the previous year. In Asahi Pretec, the amountof the energy consumption decreased by 1% year-on-year through thefollowing measures;

Energy consumption(GJ/Year)（production, transportation and oﬃces, etc.）
Japan Waste
Asahi pretec

500
400

= Examples of measures =*Introduction of LED lightning system(Amagasaki Plant, Yokohama office, etc.)*Replacement of air-conditioning system (Saitama Plant, Shikoku office)

300
200
100
0

2011

2012

2013

2014

2015

●Vehicle Fuel Consumption（Asahi Pretec）(Km/l)（％）●Speciﬁc Energy Consumption compared to FY2008（Asahi Pretec）
100

8

6.89

6.70

6.67

6.62

6.75

2011

2012

2013

2014

2015

6

80

66.0
60

4

60.3
54.0

49.8

46.0

2

40

0
20

2011

2012

2013

2014

2015

In Environmental Preservation Business, specific energy consumption was improved by 8% year-on-year due to increased disposal
volumes, the improved incinerator operations and newly installed
energy-saving facilities.

Vehicle Fuel Consumption

Vehicle fuel consumption of FY2015 improved by 2%
year-on-year.
We have promoted transport efficiency by reviewing thecollection routes and eco-friendly drive by using drive
recorder. Data from drive recorder has contributed toreduce sudden start and idling which are the cause of
decrease in transport efficiency.

ASAHI HOLDINGS

26

Relationshipwith our stakeholders
We continue making our social contributions through various

activities as a good corporate citizen that should coexist in harmony with society.

Customers

Local communities

We make eﬀorts to pro-

To be a company that co-es to the wide-ranging

corporate citizen, we carryvide ﬁnely-tuned respons-

exists with society as aneeds of each of our cus-out community-based

tomers under our motto

activities in various ways.

“customers come ﬁrst”.

Asahi
Holdings
Share holders, Investors

Employees

We are proactively promoting

We are providing various

and striving to improve cor-

every employee can bringness development and pro-and ﬁnd their duties “re-strategic focus on growth

supports so that each andporate values through busi-

out the best in their work

vide stabilized returns to ourwarding” and “fulﬁlling”.

shareholders.

27With our s hare hold e rs , inve s tors
In order to meet expectation of share holders and investors, we
disclose our corporate information timely and appropriately . In
addition, starting with the mid-term business plan, we explain

Relationship with our stakeholders

W ith o ur c u s t om er s

our vision and management policy in understandable way.
*Please refer to page 6 for our ﬁnancial data.

With our e m ploye e s●Risk management for information leakage
The leading-edge security measures are built in PCs andtablet-type devices used by sales persons. In case of the property
loss or theft, we can reduce the possibility of information leakage
close to as zero by means of deleting the information throughremote operation, and etc.

W ith o ur c o m m u n i t i es

●Creating better working environment
It is important for employees to go through life with showing
one’s ability to the fullest and achieving a good balance between
challenging assignments and fulﬁlling personal life, which is also
necessary for the company. The important things in one’s
personal life diversify according to individual values such as
family, health, sports and hobbies. We support all employees, as acorporate, in order for them to have a balance between private●Social contributions through business activities

and work life.

As cooperative company, we have participated in the social

Holiday for Refreshment Employees are encouraged to takeproject "TOOTH FAIRY", promoted by the cooperation of Nippon
Foundation and Japan Dental Association.
Some of proﬁts obtained from sales of the recycled precious
metals are made available as funds to assist the activitiesof each organizations.
We also support 8020 Promotion Foundation for the 8020
Campaign (a campaign to still have over 20 of one's own teeth
upon reaching the age of 80) and Japan Cleft and Plate
Foundation which provides medical support activities.

consecutive days holiday like 5 days oﬀ. Through this system wesupport employees’ work life balance.
Flexible Working Hours System Under ﬂexible working hours
system, employees can adjust their ﬁxed working hours
according to ﬂuctuations in business.
Self-report system Once a year, employees are asked to ﬁll aform on topics including how eﬀectively they are showing theirabilities, their self-assessment of accomplishment andatmosphere in their work place, also are invited to write about
their desired career path. The ﬁlled out forms are submitted
directly to the HR department in order to optimize personnel
assignments, improve the work atmosphere, and promote a
feeling of rewarding and encouraging work.

ASAHI HOLDINGS28

GROUP HISTORY

The challenge of further growth.
Obtaining two new growth engines.
We will tackle the challenge of the future with FY 2014
acquisitions of the gold and silver refining business in Nor th America andFujiir yoki as engines driving fur ther growth.

1952
1952

Founded Asahi Chemical Laboratory.
Started silver recycling business from photographic fixing solutions. The photography industry
expanded significantly along with the rapid
economic growth, and the demand for silver
increased in industries related to silver for photosensitive materials

1968
1969

Kobe Plant constructed in Higashi-Nada-Ku, Kobe

Introduced our own electrolytic silver recycling
equipment ahead of the industry, making it possible
to recycle silver with efficiency and high purity

1984
1984
1986

1990
1994

Opened Fukuoka Office. Thereafter followed by
offices and plants throughout the country

1997

1975

Acquired Industrial waste disposal license from
Kobe City(Detoxification of Photographic Effluent Treatment)

1998

Developed a compact electrolytic silver collection
equipment “PLATA”

29

1978

1982

Launched precious metal recycling business in thefield of dental.
Determined the diversification of precious metal recycling business foreseeing the reduction of thephoto effluent treatment market

Launched precious metal recycling business inthe field of electronics components and jewelry
Developed compact electrolytic gold collection
equipment “ZIPANG”

1974

Completed Head Office building in Higashi-NadaKu, Kobe
Registration of environmental measurement
certification office

Launched precious metal recycling business inthe field of plating solution

Entered into environmental preservation business other than photographic effluents

Established Asahi G&S Sdn. Bhd. in Malaysia

Merged five group companies and changed
their names into Asahi Pretec Corp.

Transferred headquarters operations to Sannomiya, Kobe City
Established Technical Research Center
Started manufacturing of dental alloy

1999

Acquisition of ISO9002 certification with Technical Research Center(Changed registration to ISO9001 in 2002)
Made initial public stock offering on over-thecounter market

2000

Acquisition of ISO14001 certification with Technical Research Center
Listed on the 2nd Section of the Tokyo Stock Exchange

2002
2002

2 011
Promoted to the 1st Section of the Tokyo Stock
Exchange
The 50th Anniversary

2003

Established Shanghai Asahi Pretec Co., Ltd. in
China

2004

Acquired Nihon Chemitech Co., Ltd.

2005

Expanded auto-catalyst recycle business2006

Acquired Iyotec Co., Ltd.
Established Asahi Pretec Korea Co., Ltd. in
Korea

2007

Established the Tokyo Head Office in Marunouchi, Chiyoda-ku, Tokyo
Acquired Taiyo Chemical Co., Ltd.

2008

Established Japan Waste Corporation
Acquired Fuji Rozai Co., Ltd.

2009

Established Asahi Holdings, Inc.

2010

Acquired Ecomax Co., Ltd.
Opened Yokohama Office of Japan Waste
Corporation
Established Jungju Factory of Asahi Pretec
Korea Co., Ltd. and launched dental businessin Korea

2 0 162011

Launched E-scrap business
Acquired Kyodo Chemical Co., Ltd.

2012

Acquired INTER CENTRAL, INC.

2013

Established Asahi Pretec Taiwan Co., Ltd. in
TaiwanEstablished a joint-venture, Asahi Shih Her
Technologies Co., Ltd. in Taiwan
Established Taiwan Factory of Asahi Pretec
Taiwan Co., Ltd.

2014

Acquired KOEIKOGYO CO., LTD.
Acquired FUJI MEDICAL INSTRUMENTS MFG. CO., LTD.
Launched Life and Health business2015

Acquired Asahi Refining USA Inc. & Asahi
Refining Canada Ltd.

ASAHI HOLDINGS

30

ASAHI HOLDINGS GROUP COMPANIESAsahi Holdings, Inc.
● Company Profile: 1952/7/1: 2009/4/1: 4,480 million yen: Mitsuharu Terayama (President & CEO): Nissay Sannomiya Building 16F 4-4-17 Kano-cho, Chuo-ku, Kobe, Hyogo 650-0001 Japan
TEL:+81-78-333-5633 FAX:+81-78-333-5681
Sapia Tower 11F 1-7-12 Marunouchi, Chiyoda-ku,Tokyo 100-0005 Japan TEL:+81-3-6270-1833 FAX:+81-3-6270-1859
Number of Employees : 2,005 (As of March 31,2016)(consolidated)
URL: http://www.asahiholdings.com/english/
Established
Incorporated
CapitalRepresentative
Head Office

Asahi Pretec Corp.
● Company Profile: Precious metals / rare metals recycling and industrial waste treatment: Tomoya Higashiura: Nissay Sannomiya Building 16F 4-4-17 Kano-cho, Chuo-ku, Kobe, Hyogo 650-0001 Japan
TEL:+81-78-333-5600 FAX:+81-78-333-5681
Sapia Tower 11F 1-7-12 Marunouchi, Chiyoda-ku,Tokyo 100-0005 Japan TEL:+81-3-6270-1820 FAX:+81-3-6270-1825
Number of Employees : 877 (As of March 31,2016)
URL: http://www.asahipretec.com
Business line
Representative
Headquarters

Domestic Business Locations● Research laboratory● Plant● Business Office: Technical Research Center (Kobe): Saitama, Amagasaki, Kobe, Ehime, Fukuoka,Kitakyushu, Kitakyushu Hibiki: Sapporo, Aomori, Sendai, Niigata, Kitakanto, Kanto, Yokohama, Kofu, Nagano,Shizuoka, Nagoya, Hokuriku, Hanshin, Kobe, Okayama, Hiroshima, Shikoku, Fukuoka,
Kitakyusyu, Kagoshima, Okinawa

Overseas Bases● Asahi Pretec Korea Co., Ltd.
● Shanghai Asahi Pretec Co., Ltd.
● Asahi Pretec Taiwan Co., Ltd.

● Asahi Shih Her Technologies Co., Ltd.
● Asahi G&S Sdn. Bhd.

Japan Waste Corporation● Company Profile: Industrial waste treatment and other environmental preservation businesses: Yoshikatsu Takeuchi: Sapia Tower 11F 1-7-12 Marunouchi, Chiyoda-ku, Tokyo 100-0005, Japan
TEL +81-3-6270-1828 FAX+81-3-6270-1839
Number of Employees : 768 (As of March 31,2016)
URL: http://www.japanwaste.co.jp
Business line
Representative
Headquarters

Subsidiaries● Nihon Chemitech Co., Ltd.
● JW Glass Recycling Co., Ltd.
● Fuji Rozai Co., Ltd.

● Ecomax Incorporated● JW Logistics Co., Ltd.
● Iyotec Co., Ltd.

● Taiyo Chemical Co., Ltd.
● Kyodo Chemical Co., Ltd.

● FUJI MEDICAL INSTRUMENTS MFG.

● INTER CENTRAL, INC.

● KOEIKOGYO CO., LTD.

CO., LTD.

Asahi Americas Holdings , Inc.
● Company Profile
Business line
Representative
Headquarters
Number of Employees: North America gold&silver refining business: Keitaro Shigemasa: Sapia Tower 11F 1-7-12 Marunouchi, Chiyoda-ku,Tokyo 100-0005 Japan
TEL:+81-3-6895-1900 FAX:+81-3-6270-1859: 306 (As of March 31, 2016)

Subsidiaries● Asahi Ref ining USA Inc.

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● Asahi Ref ining Canada Ltd.

ASAHI WAY“Doing Our Part to Protect the Natural Environment and Resources”

Our Credo
To preserve the environment and protect earth’s natural resources, entrusted to us by future
generations, by using original technology and expertise.

Our Corporate Values
Trust and bonds
Safety first: “People's lives” over “Company name”
Innovation and challenge. No need for those without
No growth without profit

Our Employee Principles
Act with courtesy and cheerfulness
Be swift and thoughtful in our work
Immediately report bad news and inconvenient facts
Grow through achieving higher goals

The Ten Codes of Asahi Holdings Group
#1
#2
#3
#4

We will not act in violation of any relevant regulations or standards.
We will not judge or act in contradiction to social rules, customs, or our own conscience.
We will not discriminate on the basis of age, race, nationality, or title.
We will not conduct political or religious activities at the workplace or at work-related venues without
permission.
#5 We will not conduct business or services with clients in a dishonest or inappropriate manner.
#6 We will not behave in a way that obstructs fair competition or finding ideal business partners in alltransactions.
#7 We will not disclose staff or client information obtained for business purposes, nor will we release
unpublished technological, financial or personnel-related information. Furthermore, we will not buy or sell
stocks or other financial instruments based on internal or confidential information.
#8 We will not provide or participate in meals, entertainment or gift-giving for personal gain.
#9 We will not act or behave in a manner that profits any affiliated individual or group, understanding that all
work-related activities are for the greater good.
#10 We will not overlook the slightest detail, understanding thoroughly actual sites, actual products and actual
situations.
Should violations of these codes arise, top management officials at Asahi Holdings Group subsidiaries will resolve themby implementing strict and just measures, even against themselves, while investigating the cause of the incident andstriving to prevent similar incidents in the future.

ASAHI HOLDINGS

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Sapia Tower 11F , 1- 7 -12 Marunouchi, Chiyoda-ku, Tokyo 100 - 0005, Japan TEL : + 81 - 3 - 6270 - 1833
http://www.asahiholdings.com/english/

Environmental Consideration in Printing● P a p e r ：This report uses paper certiﬁed by Forest Stewardship Council® (FSC) that includes ﬁber from responsibly
managed forests certiﬁed by the FSC®.
● I n k ：This report was printed with ink which does not contain volatile organic compounds (VOC).
● Printing：This report has adopted a waterless printing method requiring no dampening water containing alkaline developers or
isopropyl alcohol.

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