Meiwa Corporation

2022

P r esident's M es s age

2020

Meiwa Corporation is involved in numerous
businesses, including chemicals, lubricants,
battery materials, automotive-related and mineral
resource and environmental-related. In China, wetook advantage of the trust, network, knowledge
and know-how we have built up through many
years of business dealings to proactively
implement initiatives rooted in the local
community.
The environment in which the Company operates
is undergoing significant changes, including rising
economic uncertainty, social changes forachieving a decarbonized society, and the rapid
shift toward digitalization.
Meiwa Corporation has expanded its businessdomains since its establishment in 1947, and it willcontinue to aggressively grow its business in theyears to come in line with the spirit of its motto,"Meiko Washin," which means "Always bright andfriendly." We look forward to your continued
support.

2015
2014
2012
1996
1980
1975

Listed on the Prime Market of
the Tokyo Stock Exchange

Medium-Term Management Plan
2022 (FY2020–2022) began.

Established Meiwa (Thailand) Co., LTD.
Established Thai Meiwa Trading Co., LTD.
and PT. Meiwa Trading Indonesia

Established a representative office in Seoul, Korea

Established Meiwa Vietnam Co., LTD.

Established Meiwa (Shanghai) Corporation

Established Soken Co., Ltd
Established a representative office in Beijing, China

Raised to the First Section of the Tokyo Stock Exchange

President and Chief Executive Officer

Takashi Yoshida

1973

Reached annual sales of 100 billion yen
Listed on the Second Section of the Tokyo Stock Exchange

C om p a n y History

1972
1947

1957

1959

1962

1965

1969

Meiwa Corporation wasestablished by operational
representatives of the old
Mitsubishi Corporation
following its dissolution

Reached annual salesof 10 billion yen

Merged withSansho Co., Ltd.

Designated as a"friendly trading
company" by China

Reached annual salesof 50 billion yen

Participated in theestablishment of Chiba
Glasron Co., Ltd. (nowTokyo Glasron Co., Ltd.)

Moved the head office
to the current location

Acquired stock in Juzen Corporation

Global Network
Drawing on the experience we have accumulated in many
regions, we are building a network that will enable us tofurther strengthen the foundations of our business.

Beijing

Seoul
Osaka
Tokyo

Shanghai● Domestic Offices

Nagoya● Overseas Offices● Overseas Affiliates

Offices in Japan■ Head Office■ Osaka Branch■ Nagoya Branch

3F, Shin Tokyo Bldg., 3-3-1 Marunouchi, Chiyoda-ku Tokyo
100-8311 JAPAN
6F, Keihanshin Yodoyabashi Bldg., 4-4-7 Imabashi, Chuo-ku Osaka-city
541-0042 JAPAN
13F, Sakuradori Toyota Bldg., 4-5-28 Meieki, Nakamura-ku Nagoya-city
450-0002 JAPANOverseas

36%

Bangkok

Breakdown of domestic/
overseas sales
Ho Chi Minh

(2023FY)

Overseas Offices■ Beijing Representative Office

Beijing Development Building 912 Room -914, Dongsankan North
Road 5, Chaoyang-gu, Beijing

Japan
Jakarta64%■ Seoul Representative Office

Room 1914, Saemunan-ro, 92, Jongno-gu, Seoul, Korea

Overseas Affiliates■ Meiwa (Shanghai) Corporation
Room 1501-8, Capital Square plaza, 268 Hengtong Road, Jing'an
District, Shanghai,
200070, P. R. China■ Meiwa Vietnam Co., Ltd.
12F, Saigon Centre, 65 Le Loi Street, District 1
Ho Chi Minh City, The Socialist Republic of Viet Nam■ Meiwa (Thailand) Co., Ltd. / Thai Meiwa Trading Co., Ltd.
18F, Liberty Square Bldg., Unit.1805,
287 Silom Road, Silom, Bangrak, Bangkok 10500,
The Kingdom of Thailand■ PT. Meiwa Trading Indonesia
Sentral Senayan I - 5th floor, Jl. Asia Afrika 8,
Gelora Bung Karno, Senayan, Jakarta - Pusat 10270

A global network consisting of 10 locations in Japan and overseas
In addition to China, Meiwa Corporation has offices in Vietnam, South Korea, Thailand and Indonesia, and isactively rolling out its overseas expansion with an emphasis on Asian regions.
Using the network that we have already built with our customers both inside and outside Japan, as well as
our abundant overseas experience, we are accelerating the catch-up in our understanding of needs related tomaterials, enabling our Asia-centric global expansion to evolve into something even more substantial.

Our China business represents 60 years of business know-how
Meiwa Corporation has acted as a trading contact point for former Communist Bloc countries. In particular,
after been designated a “friendly” trading company by China, we have used our sales and distribution
systems, information network, and trading expertise—built up over many years—to develop business with
China so that this country now accounts for roughly one-third of the Company’s net sales.
For the lubricant product trade, in particular, Meiwa Corporation has been supported by a network centeredin Shanghai but there are also sales offices and distribution bases throughout China. In addition, we operate alocal factory as part of a joint venture with ENEOS.

Co mpany Profile
Company Profile
Trade name

MEIWA CORPORATION

URL

https://www.meiwa.co.jp/

Address

3F, Shin Tokyo Bldg., 3-3-1 Marunouchi, Chiyoda-ku Tokyo 100-8311 JAPAN
TEL.+81-3-3240-9011 FAX.+81-3-3240-9561

Established

July 1947

Capital4.024 billion yen

Annual sales

158,279 million yen (consolidated, March 2024)

Representative

Takashi Yoshida, President and Chief Executive Officer

Businesses

Related businesses include mineral resource & environmental, flame retardants, construction
materials, petroleum products, high performance materials, functional chemicals , functional
plastics, battery materials, and automotive parts

SharesListed on the Prime Market of the Tokyo Stock Exchange

Major
Shareholders

Mitsubishi Corporation

Always be considerate of the environment▶ Basic Policy
Environmental problems are serious issues because they impact Earth as a whole, as well as thelife of future generations. Meiwa Corporation proactively strives to conserve the naturalenvironment while engaging in sound business activities, and thereby adheres to its motto"Meiko Washin" (Always bright and friendly). In so doing, Meiwa, as a good corporate citizen, notonly lives in a symbiotic relationship with, but contributes to society at large.

▶ Guidelines for Corporate Activities
1. Always be considerate of the natural environment
In trading commodities and making business investments in Japan and abroad, we endeavor toconserve the environment by always considering the consequences of our activities on local
communities and ecosystems, and also to contribute to the decreasing of enviromental load tothe society by promoting conservative business for the environmennt.

2. Efficient Use of Resources and Energy
We aim to make efficient use of resources and energy in our clerical activities.

3. Helping to Establish a Recycling-based Economy and Society
To help establish a recycling-based economy and society, we are promoting the efficient use ofresources by reducing and recycling waste. We pursue this aim not only in the course of our own
activities, but by encouraging our partners and affiliates as well.

Principal Affiliates
Juzen Corporation

Ebara Bldg., 4F, 1-5-7 Kaji-cho, Chiyoda-ku, Tokyo 101-0044 Japan
Import, export as well as domestic sales of chemicals and food additives

Takeda Shoji Co., Ltd

2-20-6 Higashisumida, Sumida-ku, 131-0042 Tokyo, Japan
Manufacture and sale of industrial chemicals; chemical tank units andwater and sewer drainage units

AQEA Corporation

Tokyo Glasron Co., Ltd.

SOKEN CORPORATION

3-2-88, Kita-Inter Industrial Park, Hachinohe, Aomori
The sale of water treatment chemicals and industrial chemicals and related
equipment
The sale and installation of industrial water treatment equipment, etc
Kato Bldg., 2-15 Kanda-Sakumacho, Chiyoda-ku, Tokyo 101-0025 Japan
Sale of soundproof, sound-insulating, non-fl ammable, and heat-insulating
construction materials

4. Strict Observance of All Laws and Regulations Related to the Environment
To prevent environmental pollution, we fully inform ourselves of, and observe laws, regulations,
treaties etc. related to the environment.

5. Establishment of a System for Environment Management
To achieve the objectives of the above-mentioned Efforts for Environmental Protection, we areestablishing an environmental management system that is individually geared to the specificcharacteristics of our activities as a trading company. We endeavor to improve this system
continually by reviewing it periodically.

6. Activities to Promote Employee Awareness of Environmental Problems
We conduct activities to promote employee awareness of environmental issues, so that our
entire staff may develop a deep understanding of these problems, and always be considerate
towards the environment while carrying out their corporate activities.
These Efforts for Environmental Protection shall be succinctly communicated to all employees,
and disseminated to the general public.

2-8-36 Hotarugaike Nishi-machi, Toyonaka, Osaka 560-0036 Japan
Sale of soundproof, sound-insulating, non-fl ammable, and heat-insulating
construction materials

Suzuhiro Chemical Co., Ltd. 2420 Sec-1 Yurigaoka Moriya-City, Ibaraki Japan
R&D and production of fl ame retardants
Kumi-Kasei Co., Ltd.

Prostech Akihabara Bldg., 4F, 6-13-10, Kanda, Chiyoda-ku, Tokyo Japan
R&D, design, manufacture, and sale of automobile interior parts
Manufacture and sale of resin and rubber products for OA devices,
communications equipment, etc.

P.T. Pakarti Riken Indonesia Jl, Sukodono, Gedangan, Sidoarjo 61254, Indonesia

J I S Q 14001
I S O 14001
J S A E 5 2 1

BUSINESS DIVISION 1

Mineral Resource &Environmental Business Department
The Mineral Resources & Environment Business Department proposes new value creation byleveraging our extensive network centered in China and strong relationships with partners,
mainly in the fields of mineral resources, inorganic materials, metal products, environmental
products, and pharmaceutical intermediates.
We trade in rare earth elements and metals excavated in China and develop new businesses
that meet market requirements by using our matching capabilities in metal product trading,where we have a long track record and experience. In addition, we propose using environmental
products, pharmaceutical intermediates, and equipment to customers both in Japan andoverseas, in this way contributing to environmental conservation and improved quality of life.

Strengths of the businessWe will use our broad network and good relationships with partners in various fields to propose new
businesses.
For example, in China and Southeast Asia, where we have a strong position, we provide theexperience and know-how we have accumulated to partners and help them to become companies
with high potential for business continuity, with the aim of expanding operations without becoming
restricted by existing types of businesses.

Area of responsibility
Rare earth elements, rare earth metals, environmental products, metal products, activated carbon,
quartz, inorganic raw materials, pharmaceutical intermediates, and others.

BUSINESS DIVISION 1

Flame Retardants Department
Based on our collaboration on flame retardants with affiliated company Suzuhiro Chemical Co.,
Ltd., we manufacture the flame retardant antimony trioxide on an OEM basis in China andThailand. In addition to powder and wetting types, we have also commercialized masterbatches.
We offer all kinds of flame retardants, but with a special focus on brominated flame retardants
as well as trade with a wide range of countries, beginning with Japan, but including China,
South Korea, and Southeast Asian nations. By driving the wider use of flame retardants, we
protect lives from fire and contribute to a safer, more secure social environment.

Strengths of the business
Through our collaboration with Suzuhiro Chemical Co., Ltd.—whose strengths lie in flame retardantquality control and analysis, consigned testing of flame retardants, and formulation technology—weoffer a broad lineup of products that include antinomy trioxide plus brominated and phosphorus flame
retardants. Focusing on these products, we are working to expand our business domains by proposing
products that are tailored to a wide range of customer needs. We have been dealing with flame
retardant manufacturers in Japan, the United States, China, and South Korea for many years, and we
supply products to customers that include major manufacturers of resins and compounds, as well asmakers of household electrical appliances, automotive parts, and construction materials.

Area of responsibility
Antimony trioxide, various flame retardants, TBA/TBP, and others.

BUSINESS DIVISION 1

Construction Materials Department
In the Construction Materials Department, we have designated the fields of insulation,waterproofing, interior trim, wooden packaging, and safety products materials as primarybusiness domains. Through the Construction Materials Department, in addition to helping realize
an energy-saving society and improving the living environment for people, we work with ourbusiness partners to help resolve social issues and implement initiatives that help createbusiness opportunities. In recent years, as well as environmental products, we have beendeveloping products that contribute to reducing energy and increasing efficiency on construction
sites. Using the networks that we have built up, we will uncover new sources of demand, thenplan and propose business models to meet this demand, address the unique needs of ourcustomers, and strive to always be a reliable and highly rated partner.

Strengths of the business
Using the domestic and international networks that we have built up over many years, we are working
to provide integrated services. For insulation and interior trim, we are meeting with contractors,
primarily those that we have invested in, and are strengthening our distribution systems, while providing
meticulous service to our customers. For waterproof construction materials, we offer services toarchitects’ offices and landowners, and are steadily improving the services that we provide. For
materials for wooden packaging and security products, we are developing a consignment processing
business, primarily through overseas transactions. By looking for more opportunities for solutionsbased services, we are helping to strengthen our customers’ business operations.

Area of responsibility
Waterproof materials, heat-insulating materials/subsidiary materials, interior trim materials, internal store
trim materials, flooring materials, wooden packaging materials, residential fittings, and so on.

BUSINESS DIVISION 2Petroleum Products Department
The Petroleum Products Department has, through long years in the petroleum products tradingbusiness, built a supply chain that includes not only lubricants, a foundational business in Japan,
but also the base oils that are their raw materials, as well as additives.
In addition, we strengthened our lineup of liquid paraffin, solvents, and other materials so that
we can meet varied customer requirements and boost customer satisfaction.
In international trading, we have positioned, as a growth business, the stable supply of ENEOS
base oils and lubricants, and base oils, additives and other products from SK Lubricants. We
are also increasing exports to, and tripartite trade in, Southeast Asia through products, such asbase oils and fuels.

Strengths of the businessIn the Petroleum Product Department, we have been a special agent of ENEOS in Japan for more thanhalf a century, and both sell general petroleum products in the domestic market and export them.
As well as Mitsubishi Corporation and major domestic oil companies in Japan, we are building supply
networks overseas for a range of products. Including those from SK Lubricants in South Korea, otherproducts from Korean oil companies, and other companies in Taiwan, Thailand, and elsewhere.

Area of responsibility
Domestic, Chinese and Southeast Asia business
Fuels, heavy fuel oils, general lubricating oils and greases, refrigerant oilsbase oils, lubricant additives, solvent oils, base oil for metal cleaning (aroma-free,
Petroleum Products
isoparaffins, etc.)
Asphalts, process oils, extender oils
Others: slack waxes, liquid paraffinsBUSINESS DIVISION 3High Performance
Materials Department
In the High Performance Materials Department, we sell everything from a range of films andprocessed film products, to resins for coatings, high-precision chemicals for optical, electronic,
and printing applications (monomers, organic acids, and varieties of alcohol) as well as fillers(carbon black, titanium oxide, CNT and others) and printing materials (flexo printing plates,
negative films, and others) to customers in a wide array of businesses and regions.
By leveraging the good relationships that we have built up with our partners, we add our ownfunctionality to materials and businesses, thus creating new value and helping to resolve theissues faced by the world today.

Strengths of the business
Our strengths are the good relations that we maintain with partners, from both domestic and overseas
networks, including China and Southeast Asia (Vietnam, Thailand, Indonesia), and the high level ofexpertise, knowledge, know-how, and marketing skill that we have developed over the years.
We provide value-added services in a variety of fields by making proposals that best meet the needs ofour customers.

Area of responsibility
Film, film processed products, printing materials, coating raw materials, optical and electronicmaterials, raw materials for printing, and others.

提供：住友理工株式会社

BUSINESS DIVISION 3

Functional Chemicals Department
Focusing mainly on polymer materials (acrylates and monomers) as well as urethane raw
materials (from general products to special kinds of isocyanate, and polyols), we also sell
general chemical raw materials, including resins for coatings, solvents, additives, and fillers(carbon black, titanium oxide, etc.) for a wide range of applications that include paint, chemicals
for making paper, adhesives, and optical materials.

Strengths of the businessTo build a sales network, we quickly understand and respond to changes in market requirements asthey occur in Southeast Asia (Vietnam, Thailand, and Indonesia) and South Korea, in addition in Japanand China. In addition to handling the products of leading domestic and overseas manufacturers, ourstrength is our ability to coordinate a wide variety of chemical syntheses, blends and dilutions, adding
functions to the products themselves.

Area of responsibility
Raw materials for coatings, raw materials for adhesives, raw materials for urethane and rubber, agentsfor making paper, optical materials, and others.

BUSINESS DIVISION 3

Functional Plastics Department
This department covers a broad range of products, such as general-purpose resins, engineering
plastics, super engineering plastics, PVC compounds, and elastomers. In recent years, we havebeen focusing on and expanding operations in several areas: recycled resins and bioplastic
resins as well as raw materials for resins in overseas markets to address global demand.
We are also expanding into a wider range of industries with foam products, FRP materials, andprocessed plastic products.

Strengths of the businessIn addition to Japan and China, we are building networks in Southeast Asia (Vietnam, Thailand,
Indonesia), South Korea and other locations in order to quickly identify changes that occur in both
domestic and overseas markets and respond to market needs.
Our strengths include not only handling a wide array of functional plastic materials but also thedevelopment of a solutions business in processed plastic products that focuses on product design andprocessing.

Area of responsibility
General-purpose resins, engineering plastics, flame retardants, antimony trioxide, TBA / TBP, andothers.

Battery Materials Department
The Battery Materials Department contributes to realize low-carbon, decarbonized society byvisualizing a whole circular closed loop chain of battery and by maximizing the total value ofbattery ownership.

Strengths of the businessWe execute our business growth with the network in Japan, China and Southeast Asia throughinvestments in battery materials and the related fields based on the intelligence in proprietary market
research of battery.

Area of responsibility
Lithium-ion battery cathode/anode materials, electrolyte, separator, and the raw materials andintermediate products, Energy Storage Battery System, The other battery products and materials,
Anthracite coal and processed anthracite products, Limestone and processed limestone products, andothers.

Automotive Department
The automotive industry has gathered around it a wide variety of other industries from raw
materials, to IT, high-tech, environmental and so on, and is a central pillar of the global
economy. Through its investment in automotive parts manufacturers, the Company pays close
attention to environmental issues, tackles the challenge of continuously developing newtechnology with the goal of meeting market needs, and has a structure that allows it to provide
innovative automotive parts. Amid the shift from vehicles powered by internal combustion
engines to electric vehicles, we are responding to changes in the concept of the automobile byproviding everything from raw materials to trim parts. We will provide solutions to customers andaim for sustainable growth for both sides.

Strengths of the businessWe are approaching the automotive parts industry from multiple directions, providing everything fromraw materials to trim parts.
In addition, we have processing locations both in Japan and overseas, using affiliates and companies
in which we have invested.
Japan

Gunma (Kumi Kasei factory), Tochigi (Kumi Kasei Development Center), Mie (Kumi Kasei)
Gifu (mold factory)

China

Guangzhou (factory of business partner, and design development company),
Wuhan (factory of business partner)

Southeast Asia Thailand (Kumi Kasei factory, mold factory), Indonesia (Surabaya) foundry
North America U.S. state of Ohio,
Alabama (Kumi Kasei factory), andOntario, Canada (Kumi Kasei factory)

Area of responsibility
General automotive parts and materials (synthetic resin products, trim parts, cast products, etc.) as
well as raw materials.

Meiwa Corporation
Shin Tokyo Bldg., 3F 3-3-1 Marunouchi, Chiyoda-ku, Tokyo 100-8311 JAPANTEL: +81-3-3240-9011
https://www.meiwa.co.jp/english/