Company Slogan (April 2015 through March 2018)

Pursuing growth and efficiency- Achieving 50% profit growth and minimum 13% ROE for FY 2017 -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 US and Canadian gold and silver refining business (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 and health business segment in order to meet theneeds of Japanese society with the increase in the elderly and rising health conscious trend among
young people,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
to bring it to a level worthy of a global corporation. In June 2015, we shifted to a company with anauditing and other committee governance structure evolving our corporate governance with a focus on
the external and shareholder perspective through a committee including Outside Directors and astronger oversight system. In addition, we will begin voluntary application of International Financial
Reporting Standards（IFRS）in FY 2016.

C O N T E N T S■ B us i n e s s Ac t i v i t i e s■Referen ce

Environmental Management ……………………… 22

GROUP HISTORY …………………………………… 25

Top message ……………………………………… 02

Environmental Performance ……………………… 23

ASAHI HOLDINGS GROUP COMPANIES …………… 27

GROUP PROFILE …………………………………… 03

Environmental Accounting

ASAHI WAY ………………………………………… 28

CORPORATE GOVERNANCE ……………………… 05

Results of Saving Exhaustible Natural Resources, Recycling

FOCUS 2014 ……………………………………… 07

Grobal Warming Prevention Eﬀorts ……………… 24

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

Energy-Saving Eﬀort

Enviromental Preservation Business ……………… 15
Life & Health Business ……………………………… 19

01■E nvironmen tal Activ ities

Pursuing growth and eﬃciency …………………… 01

Top message

About the 7th Mid-term Business Plan
In late March 2015, we announced our 7th mid-term plan for three years starting in April 2015.
Under the slogan "Pursuing growth and efficiency," we will increase operating profit in the final
fiscal year (the term ending March 2018) by 50 percent compared to the fiscal year ending
March 2015. Furthermore, we have consistently striven for efficient management, and we willachieve ROE of 13 percent or above even as we increase in size due to our high growth.
Our Life & Health Business and North America Business will drive our growth. The three companies that form our Life & Health Business have each been joined in the Group for less than
three years, and in light of rising health conscious trend in Japan, this market is expected to
grow. Meanwhile, Asahi Americas Holdings, Inc., was born through M&A in March 2015, and it
boasts North America's largest production volumes in gold and silver refining operations. By
working to integrate it with the marketing and technology capabilities we have developed in
the precious metals recycling field, we will expand our business onto the world stage. In partto support growth in these new fields, we will seek even more efficient management throughsteady effort in our existing businesses.
We believe that evolution of corporate governance is essential to the advancement of a global
management system. We are steadily preparing to become the "Global Asahi." In June 2015,
we shift to the company with a committee governance structure including at least three Outside Directors. Moreover, we plan to apply International Financial Reporting Standards (IFRS)
beginning in the fiscal year ending March 2017.
Over the years, the company has maintained core values of “Innovation and Challenge”.
Strengthening “Trust and Bonds” among our members who share this Asahi Spirit, we firmly
intend to achieve consolidated operating profit of 16 billion yen during the final fiscal year by
overcoming any challenges in the business environment that we encounter during the coming
three years.
We sincerely appreciate your continuous support towards us. Thank you.
June 2015

President & CEO

Editorial Policy

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.

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.

About the group's logo
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, redand green each respectively signifies “clean water and sky”, “theenergy of people doing activities” and “beautiful nature and forests”.

ASAHI HOLDINGS

02

GROUP PROFILE

In its three business segments,
the Asahi Holdings Group protects natural environment andresources and contributes to people's
pleasant life styles and good health.

Asahi Holdings GroupTokyo Headquarters

Kobe Headquarters

Asahi Pretec

Japan Waste

Asahi Pretec Korea

Nihon Chemitech

Shanghai Asahi Pretec

JW Glass Recycling

Asahi Pretec Taiwan

Fuji Rozai

Asahi Shih Her Technologies(JV)

EcomaxAsahi G&S

JW Logistics

FUJI MEDICALINSTRUMENTS MFG
INTER CENTRALKOEIKOGYO

IyotecTaiyo Chemical
Kyodo Chemical

Asahi Americas Holdings

Asahi Refining USA
Asahi Refining Canada
As of March 31,2015

03

We, the Asahi Holdings Group, operate our business in three segments: the precious metal business, the environmental preservation business, and the life and health business. Under our even more transparent corporate
governance,our 24 group companies and 2080 group employees are expanding our business fields beyond Japanand the rest of Asia to the entire world.

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 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 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 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 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 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 Committee Member) ／(to present)

ASAHI HOLDINGS

04

CORPORATE GOVERNANCE

Under the holding company structure,
the Group is committed to building a stronger
corporate governance and driving effective risk management.

Corporate GovernanceS h a r e h older's General Meeting

Board of Directors

Collaboration

The Audit Committee

Accounting Auditors（Independent Auditor）

Audit

The Audit Committee
Secretariat
Collaboration

Audit

Representative Director
Group Management Strategy Meeting
Each Department of Group Companies
Asahi Pretec

Audit

Internal Auditing

Japan Waste

Asahi Americas Holdings

Board with Audit Committee
Directors

Directors concurrently serving as
the Audit Committee Member05

Number of Directors

5

Term of office(year)

1

Number of Directors(Outside Directors)

4(3)

Term of office(year)

2

Audit

In order to meet the expectations of stakeholders and to maximize the corporate value, we are committed toenhancing our corporate governance with Asahi Holdings taking the initiative as a holding company. Operatingcompanies, mainly Asahi Pretec and Japan Waste make timely decisions and develop operations in each specialty
area in order to reinforce 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

Maintaining an internal control system
We are working to strengthen corporate governance by establishing an auditing and other committees 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, auditing and othercommittees, 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.

Business continuity plan (BCP)
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 and have carried out the following initiatives:•Installation of power generators in major plants to supply
backup power•Diversification of suppliers for direct materials•Strengthening of backup of information systems including
servers•Decentralization of some parts of production and processing (multiple locations supplementing each other)•Enhancing of earthquake resistance in equipment and facilities•Reinforcement of facilities to prevent leakage or diffusionof chemicals, etc.
•Storing of drinking water and food at all Group locations•Maintaining a system for safety confirmation and updated
emergency contact information

Internal reporting system
To quickly identify and resolve problems such as unlawful and unjust behavior, we have set up “Asahi Hotline”(internal issue-reporting program). An external law firm acts as a contact point and responds to calls, including
anonymous disclosures. We improve a system where disclosed matters are to be investigated and corrective
actions taken without revealing the identity of the disclosing and disclosed parties.

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.

ASAHI HOLDINGS

06

F O C U S 2 014

The Asahi Holdings Group is consistently
evolving for sustained growth and its acceleration.
FY 2014 was the final year of our 6th mid-term plan（April 2012 through March 2015). During that year,
we established a foundation for accelerated future growth by launching the life and health businesssegment with new Group member Fuji Medical Instruments MFG（Fujiiryoki）. at its core and by acquiring gold and silver refining business in the USA and Canada（Asahi Refining）.

Incorporated Asahi Refining into our group
By turning gold and silver refining business in the USA and Canada (Asahi
Refining) into a subsidiary, we were able to obtain a global operation with aleading position in gold refining's market share in North America and theworld. That business's refining technologies developed over many years,
strong relationships with mining companies, and cost competitivenessthrough overwhelming scale will become powerful management resources forus.
To the mine-derived refining business on which it has concentrated, we can
add the optimum combination of refining business based on recyclable material for precious metals with which we have been involved. This will enable thecreation of a new global business model.

07

Launched new business segment "Life & Health".
High growth in the healthcare market is expected due to the increase in the elderly and rising health conscious
trend among young people.
Because of these background factors, we have added the new life and health business to our existing precious
metal and environmental preservation businesses as part of our expansion of business domains. Three companies, Fujiiryoki (joined the group in July 2014), Inter Central, and Koeikogyo, comprise this business.

Manufacturing massage chairs

Ceiling Radiant Air -conditioning System

Fujiiryoki manufactures and sells massage chairs, hearing aids, and alkaline water ionizers. In massage chairs, it
is a leading company in Japan and boasts high productdevelopment and brand power. Inter Central designs andinstalls comfortable, energy-saving air conditioning systems and manufactures and sell electric heaters.

We can make mutual use of our business bases via
measures such as selling Fujiiryoki products
through the national-wide sales network for hospitals
and dental clinics that we have cultivated over many
years. This can create new revenue opportunities
further and increase the overall Group's growthpotential and profitability.

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 recycle
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, dental, 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 for auto catalyst area, and other laws,
precious metals such as platinum, palladium and rhodium are used as catalysts
for automobile exhaust gas. We aremaking efforts to recycle precious metals
from automotive catalysts, chemical catalysts, etc. utilizing our unique technology.

Platinum

We recycle silver from the photography field.
Silver【Photography】

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.

We are expanding our business of precious metals recycling and precision
cleaning for semicondactors and liquid
crystals by temporarily keeping costomer's manufacturing equipment in ourplant.

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
are subcontracted by jewelry manufacturingindustory organizations for "precious metal
scrap collection and assay". Our many years
of proven performance have earned the profound trust with all of our customers.

【 Precision Cleaning】

Automotive catalysts contain precious andrare metals.

Silver【Jewelry】

In plating treatment, we are engaged in
the business of recycling mainly precious
metals included in plating solutions and soon. In addition to the recovery of precious
metals such as gold, silver, and palladium,
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.

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 accuratea s s a y. F u r t h e r m o r e , o v e r m a n y y e a r s w e h a v e
accumulated technology to recover at the highest rate
only the precious metals included in various scraps. In
testing by the London Bullion Market Association（LBMA）, our precious metals assay technology scored at
the world's top level among 40 Japanese and foreign
assay entities.

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
partnerships with universities and public research
institutions.

Proce s s e s o f p r e c i o u s m e t a l s c o llect 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
recovery of precious metals and carry 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 theNorth American refining business has enabled mutualtechnology transfer and utilization on a global level.
Through maximization of technical integration andsynergy within the Group, we aim to globally establish"Asahi technology" that meets customer needs in termsof quality, cost, and delivery.

F i n i sh 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 the delivery
supply of the Tokyo Commodity Exchange. Additionally, those metals are highly regarded in the global market for their reliable quality, with gold and silver being recognizedby the London Bullion Market Association (LBMA), and platinum and palladium beingcertified by the London Platinum and Palladium Market (LPPM) 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 Refining USA●

Asahi Pretec Taiwan

Asahi Refining Canada

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

13

Shanghai Asahi Pretec

ASAHI G&S

Asahi Shih Her Technologies

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 havepromoted proprietary research and development with analyticaltechnology improvement. The Technical Research Center was
established in Kobe High-Tech Park as the nucleus of R&D. We
are looking to take even greater strides forward as a company that
contributes to society through improvements in quality andtechnical 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,
Clilnics, etc.

Glass
CulletWaste Oil

Wood
Chips

Firebrick

Waste
Reagents■ Licenses acquired by our Group ( As of March 31, 2015 )Industrial waste collection transportation license: All prefectures and government
ordinance cities
Industrial waste disposal license: 15 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) 26 prefectures and 2 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 formula, and the ingredients areadjusted to produce supplementary fuels usedin cement production and waste incineration.
Furthermore, sludge and burnt residues arealso recycled into cement materials 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 bricks 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. Glass scraps which are
not usable for glass materials are recycled aspaving materials. Through glass recycling, weare 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 have

Asahi Pretec Sales
Officescreated a structure that allows us to dispose of such waste

Group companies

appropriately and promptly. Furthermore, we are promoting

Plantsthe establishment of distinguished detoxification anddisposal technology and working towards one-stop solution
within our group in the environmental preservation business.

Kyodo Chemical

Collection, transport and intermediate
processing of industrial wastes
Photosensitive materials businessNihon Chemitech

Processing of effluent from plants such as
those in the semiconductor industry
Processing of organic liquid waste andfermentation/composting of sludge

IyotecLabor dispatch, recruitment andoutsourcing services to various
manufacturers

JW Glass Recycling

Recycling of glass sheets and bottles

Japan Waste

Ecomax

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

JW Logistic

Collection and transportationof industrial waste andspecially controlled industrial
waste

Production of fuels from waste oil
Production of cement materials
from sludge, etc.
Recycling of wood chips
Processing of wastes fromelectronic & IT devices
Cleaning of semiconductor manufacturing
equipment

Fuji Rozai
Taiyo Chemical
Processing of wastes from the electronic
components industry and hospitals, etc.
Photosensitive materials business

17

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
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.

Concreting of Hazardous Substances

High-Speed Microbial Treatment of Waste Acid/
Alkaline and Sludge
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 arereused for raw materials of non-ferrous metals and steel. Somesludge which cannot be recycled is sent for landfill disposal.

Cleaning and Treatment of Hazardous 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.

We clean and treat the hazardous waste on the semiconductor
manufacturing devices and a variety of laboratory equipmentfrom manufacturers of semiconductors, electronics components
and research laboratories. After cleaning and treatment, thedevices and equipment are separated by material and recycled
for the reduction of environmental burden.

Pr o ces s es of i n du 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

17 articles, including waste
acids, waste alkalis, waste oil,sludge, waste plastics, etc.

Condensation and precipitation

RecycleConcentration
Dewatering
Cyanide decomposition

Specially controlledindustrial waste

Incineration

Waste effluent treatment facility

Neutralization, Mixing
DryingCleaning

Landfill

12 articles of waste, such aswaste acids, waste alkalis,
waste oil, sludge and infectious
waste, which all contain specified toxic substance.

Separation of oil from water

Sorting, compressing, crushing
Kneading
Concret solidification

Incinerator

ASAHI HOLDINGS

18

Life &
HealthBusiness

By “Providing equipment and systems
for better life and health”,
we meet the current needs of our society
having rising health conscious trends andthe increase in the elderly.
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 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 38 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

FUJI MEDICAL INSTRUMENTS MFG. CO., LTD.
Incorporated into our group in Jul 2014
Headquarters : Osaka City, Osaka: Minamikawachi,Osaka

Sales Office: 24 locations in Japan

Life & Health Business

Factory

Business Line : Manufacturing and sales of massage
chair , and other healthcare products
such as hearing aids

Osaka Factory
The world’s first commercialized massage chair in
1954 was authorized as“the Mechanical Engineering Heritage”inAugust 2014.

Alkalinewater ionizer

Hearing aids

INTER CENTRAL, INC.
Incorporated into our group in Jul 2012
Headquarters : Takizawa-City,Iwate
Factory: Takizawa-City,Iwate / Chitose-City,Hokkaido

Research Lab : Takizawa-City,Iwate
Sales Office: Chitose,Takizawa,Akita,Sendai,Chiyoda-ku,Tokyo,Nagoya,
Nonoichi,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
Office: Chiyoda-ku,Tokyo

Business Line : Design and construction of facilities for fire-prevention, airconditioning and sanitation

ASAHI HOLDINGS

20

Environmental
Activities

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

In order for us to globally develop our corporate activities as a leading company in the environmental ﬁeld, we should also be a leader
in our environmental activities. Of course, we actively promote ISO 14001 activities, and we also implement our longstanding value"Innovation and Challenge" in our environmental activities such as initiatives on global warming and energy conservation as well.
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

21

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, ourgroup companies as a whole have acquired ISO14001 Certificate at 9
companies with 34 locations. We will continuously develop ISO14001 maintenance and improvement activities by promoting the integration of ouroperation and ISO14001 Certificate.

Environmental Management Promotion System
Our “Group-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 business office with ISO14001 develops its own“Annul 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 Officecontrols 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

22

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, thegroup-wide CO2 emission amount increasedon year-to-year comparison due to the business expansions by launching Life & Healthbusiness and newly acquired operations anddue to the raise of CO2 coefficient at electricity companies.

Unit

FY2010FY2011FY2012FY2013

FY2014

Electricity

MWh24,097

23,81623,03522,96323,292

Heavy oil

kl

1,465

1,192

891

739

681

Kerosene

kl

440

440

451

449

474

Light oil

kl

3,216

3,200

3,176

3,241

3,430

Gasoline

kl

899

914

928

917

1,948

Urban gas

1,000 m3

64

27

13

12

13

LPG

t

20

22

19

13

13

Water

1,000 m3

378

364

336

322

342

13,18914,191

13,14012,68814,408FY2010FY2011FY2012FY2013

FY2014

24,79823,86325,47426,94629,992

246

251

217

191

214

16,24917,71916,04815,517

17,257

Chemical, 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.
● FY2014 Env ir o nme nta l Pr e se r v ati o n C o sts(Unit: million yen)

Category

Major Initiatives

business areas

Investments

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

398.7

26.5

Energy conservation activities (power-saving, environment
2.Cost of protecting the earthʼs improvement of fuel-efﬁciency for vehicles, and etc.)

22.7

52.7

224.3

0

0

0

101.8

0

50.0

0

2.8

0

1.Cost within business areas

1. Cost within

Expenses

3.Cost of recycling resources

Entrustment of industrial waste treatment

̶

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

ISO14001 management activities
Disclosure cost of environmental information

4. Cost of research and development

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

5. Cost of social activities

Clean up activities in the neighboring
communities

6. Cost of handling environmental damages

̶

0

0

Total

̶

800.3

79.2

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 FY2014 was 77.3%.
■ Precious Metal Ores

(Precious Metal Recycling)

2,338.7Kt /year(Eﬀective Use of Waste)

12.2Kt /year■ Timber■ Glass cullet(Construction Waste Recycling)(bottles, waste glass sheets)

15.2Kt /year

91.5Kt /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)

14.4Kt /year
2.8Kt /year23■ Fossil Fuels

15.2Kt /year
4.1Kt /year

4.5Kt /year

18.0Kt /year

3.7Kt /year■ Emulsion fuels

3.3Kt /yearEnvironmental Activities

Grobal Warming Prevention Efforts
Solar Power Generation System

Greenhouse Gas Emissions

80

Environmental Management

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

60
40
20

0

2010

2011

2012

2013

2014
Explanation of electric generation condition via monitor：Emission amount of energy source CO2：Emission amount of non-energy source CO2Group-wide CO2 emission in FY2014 was 91,000t and increased
by 9% year-on-year.The non-energy source CO2 emission amountincreased by 8% year-on-year due to the increase of the incineration amount of the industrial waste.The energy source CO2 emission increased by 10% year-on-year due to increased energy consumption volume by newly added subsidiaries.

Asahi Pretec Hanshin Office is selling all amount of the power generation to Kansai Electric Power Co. Total power generation in
FY2014 was 115,000kWh, which comes to about 57,500t converted into the amount of CO2 reduction. Trying to absorb thesame annual amount of CO2 through the forest of Japanese cedar,
it would require about 4,500 pieces of matured tree to cover theamount.

* 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

Japan Waste
Asahi pretec

The amount of group-wide energy consumption increased by 10% year-onyear. In Asahi Pretec, while a new office has been established, the amount of
the energy consumption decreased by 1% year-on-year through the following measures;

2013= Examples of measures =*Introduction of LED lightning system(Ehime Plant,Kanto office, etc.)*Replacement of air-conditioning system (Ehime Plant, Technical ResearchCenter)In Japan Waste, the amount of the energy consumption increased by 30%
year-on-year due to the increase of disposal volume and addition of subsidiaries.

Energy consumption(GJ/Year)（production, transportation and oﬃces, etc.）

500
400
300
200
100
0

2010

2011

2012

2014

Vehicle Fuel Consumption（Asahi Pretec）

140

Precious Metal Recycling

Environmental Preservation

129.5

120

119.2

60

81.2
72.5

80.5

94.0

66.0

60.3

40

6.93

6.89

6.70

6.67

6.62

2010

2011

2012

2013

2014

4
54.0

49.8

20
0

8
6

100
80

(Km/l)（％）

Speciﬁc Energy Consumption compared to FY2008（Asahi Pretec）

2
0

2010

2011

2012

2013

2014

In Precious Metal Recycling Business, specific energy consumption
was improved by 8% year-on-year due to increased production
volumes and countermeasures on energy-saving in major plants.
In Environmental Preservation Business, specific energy consumption was improved by 50% comparing to FY2008 due to increased
disposal volumes, the improved incinerator operations and newly
installed energy-saving facilities.

Vehicle Fuel Consumption

We have promoted eco-friendly drive by utilizaing digitaltachometer graph and improved transport efficiency byreviewing the collection routes. FY2014’s vehicle fuel consumption remained at the same level as the previous year
although there were minor factors such as superimposed
load increase, which leads to low fuel consumption, andauto weigh increase due to the introduction of boxy
trucks.

ASAHI HOLDINGS24

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 North American refining business andFujiiryoki as engines driving further growth.

1952
1952

1968
1969

25

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

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

Launched precious metal recycling business inthe filed of plating solution

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

1990
1994

1974

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)
Developed a compact electrolytic silver recovery
device “PLATA”

1998

1978

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

1982

Launched precious metal recycling business in the
filed of dental Determined the diversification of precious metal recycling business foreseeing the reduction of the photo effluent treatment market

Entered into environmental preservation businessother than photographic effluents

Established Asahi G&S Sdn. Bhd. in Malaysia

Merged five group companies and changed theirnames 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 TechnicalResearch 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
Entered into indium refinery full operations
Listed on the 2nd Section of the Tokyo Stock Exchange

2002
2002

2003

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

Established Shanghai Asahi Pretec Co., Ltd. in
China

2004

Acquired Nihon Chemitech Co., Ltd.

2005

Expanded auto-catalyst recycle business

2006
2007

2008
2009
2010

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

2 0 142011

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.

2015

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

Acquired FUJI MEDICAL INSTRUMENTS MFG. CO., LTD.
Launched Life and Health business
Established Asahi Americas Holdings, Inc.

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

Established Asahi Holdings , Inc.

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

ASAHI HOLDINGS

26

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 : 2,080 (As of March 31,2015)(consolidated)
URL: http://www.asahiholdings.com
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 : 898 (As of March 31,2015)
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, Nagoya,Shizuoka, Shikoku, Fukuoka, kitakyushu,Kagoshima, Okinawa

Overseas Bases
Asahi Pretec Korea Co., Ltd.

Asahi Shih Her Technologies Co., Ltd.

Shanghai Asahi Pretec Co., Ltd.

Asahi G&S Sdn. Bhd.

Asahi Pretec Taiwan Co., Ltd.

Japan Waste Corporation
Company Profile: Industrial waste treatment and other environmental preservation businesses: Yoshikatsu Takeuchi: Nissay Sannomiya Building 16F 4-4-17 Kano-cho, Chuo-ku, Kobe, Hyogo 650-0001 Japan
TEL+81-78-333-5680 FAX+81-78-333-5681
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 : 784 (As of March 31,2015)
URL: http://www.japanwaste.co.jp
Business line
Representative
Headquarters

Subsidiaries
Nihon Chemitech Co., Ltd.

Ecomax Incorporated

Taiyo Chemical Co., Ltd.

JW Glass Recycling Co., Ltd.

JW Logistics Co., Ltd.

Kyodo Chemical Co., Ltd.

Fuji Rozai Co., Ltd.

Iyotec Co., Ltd.

FUJI MEDICAL INSTRUMENTS MFG.
CO., LTD.

INTER CENTRAL, INC.

Asahi Americas Holdings , Inc.
Company Profile

Representative
Headquarters

Number of Employees: 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: 357 (As of March 31, 2015)

Subsidiaries
Asahi Ref ining USA Inc.

27

Asahi Ref ining Canada Ltd.

KOEIKOGYO CO., 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 them byimplementing strict and just measures, even against themselves, while investigating the cause of the incident and striving toprevent similar incidents in the future.

ASAHI HOLDINGS

28