Corporate Report 2014

CONTENTS

The group’s logo uses a spiral shape as a motif
to signify our corporate stance in seeking“environmental preservation through recycling”, a feature of our business, and alsomeans continuity and growth. The arrowheads stretching upward and downward
symbolize our being an advanced and cutting-edge company. The three colors ofblue, red and green each respectively signifies “clean water and sky”, “the energyof people doing a c tivities” and “beautiful nature and forests”.

Editorial Policy
This report has been created as a communication
tool that presents basic company informationand introduces our philosophy regarding“company”, “environment”, and “society,” aswell as initiatives taken in the previous fiscal
year on those aspects.

Disclaimer

2Company Overview

3

Asahi Way

4

Message from CEO

5Group Overview

7

Precious Metal Recycling Business

12 Environmental Preservation Business

16 For the Environment
17 Environmental Impact from Business Activities
19 Global Warming Prevention Efforts
20 Energy-Saving Efforts
21 Reduction of Environmental Burden throughBusiness Activities
23 Environment Management

24 For the Society

This report not only includes facts on the pastand present of the Asahi Holdings Group, butalso contains statements pertaining to futureplans and prospects, and the forecasts basedon our management business plan. This report inherently contains the information
available at the time of editing. Consequently, actual business results and activities could
differ from those projected due to management environment changes and other various factors.

25 Corporate Governance

Period covered by this report:

37 Group History

April 1, 2013 through March 31, 2014
*including some information/events beyond the above period.

27 With Our Customers
28 With Our Communities
30 With Our Employees
35 With Our Shareholders and Investors

36 Reference
39 Group Companies

Company Overview
The Asahi Holdings Group complies ingood faith with the demands of its
customers and society in order tofulfill its responsibilities as a sensible
corporate group

INDEX
3 Asahi Way
4 Message from CEO
5 Group Overview
7 Precious Metal Recycling Business
12 Environmental Preservation
Business

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
#5
#6
#7

#8
#9
#10

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.
We will not conduct business or services with clients in a dishonest or inappropriate manner.
We will not behave in a way that obstructs fair competition or finding ideal business partners in alltransactions.
We will not disclose staff or client information obtained for business purposes, nor will we release unpublishedtechnological, financial or personnel-related information. Furthermore, we will not buy or sell stocks or otherfinancial instruments based on internal or confidential information.
We will not provide or participate in meals, entertainment or gift-giving for personal gain.
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.
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 by implementing strict and just measures, even against themselves, while investigating the causeof the incident and striving to prevent similar incidents in the future.

Company Slogan (April 2012 through March 2015)

Act lll, with Asahi Way
Act I of the Asahi Holdings Group's history was the period from its founding in 1952 until its publicstock offering in 1999. Act II was the period from the stock offering until the Fifth Medium-TermBusiness Plan, the Group's 60th anniversary. Act III will be the Sixth Mid-Term Business Plan, underwhich the Group will expand its overseas operations and develop globally.
The Sixth Mid-Term Business Plan, which raises the curtain of Act III, emphasizes three areas foraction: expanding business in Asian markets, broadening our business domains through M&A, andimproving the Group's management efficiency.

−3−

MESSAGE FROM CEO“Being recognized forincreasing Corporate Value”

The Japanese economy recovered some of its strength during fiscal year 2013 with so-called “Abenomics” in the
background. However, the business environment for our company was not necessarily favorable with factors such as
drastic changes in the electronics industry and ever so volatile precious metal markets.
In this environment, we have focused on the three key strategies outlined in our mid-term plan. The processing plantat our Taiwan business, which we launched the previous year, has commenced operations, and activities at ourVietnam representative office is in good progress. We have steadily expanded our business in other Southeast Asianand East Asian countries. Going forward, we are also determined to make strong efforts in areas outside of Asia.
In March 2014, we have acquired and added KOEIKOGYO to our group of companies. The company is engaged indesign and construction of facilities for disaster prevention, air-conditioning and sanitation, and is in the samebusiness domain as INTER CENTRAL, which we acquired in 2012. We expect the two companies to have synergetic
effects and to mutually grow in the air-conditioning design and construction area. With regards to M&A, we plan to
be open minded and will pursue opportunities in broad fields.
In terms of group management, we will continue our efforts to be lean and effective, and to operate with agility
and speed, leveraging Information Technology and other tools.
Our stock has been selected as one of the composition stocks for “JPX-Nikkei Index 400”, a new index that theTokyo Stock Exchange established at the beginning of 2014. We consider this an honor, and are very proud to be oneof the 400 selected among the 3400 or so listed companies in Japan. We have always managed our companies
with emphasis on effective use of capital, and other shareholder oriented policies, and we consider the selection to
the Index a high recognition of this management philosophy. We appreciate and value this selection just like ourselection to the list of “ESG Themed Stocks” the previous year (ESG stands for Environmental, Social, and Governance).
We will continue to strive to be “strongly aware of ESG” and to “achieve sustained growth in corporate value”.
Your continued support will be highly appreciated. Thank you.

May 2014

Mitsuharu Terayama
CEO

−4−

We are expanding business activities on the recycling of precious metals and environmental preservation,
thereby contributing to the preservation of the earth's environment.

Asahi Holdings, Inc.
● Company Profiles
Officers:

Established :July 1952

Incorporated :April 2009

Capital :4,480 million yen

President & CEO : Mitsuharu Terayama

Representative : Mitsuharu Terayama (President & CEO)
Head Offices :Nissay Sannomiya Building 16F
4-4-17 Kano-cho, Chuo-ku, Kobe,
Hyogo Prefecture 650-0001 Japan
Sapia Tower 11F
1-7-12 Marunouchi, Chiyoda-ku,
Tokyo 100-0005 Japan

Director :Yoshikatsu Takeuchi

Director :Tomoya Higashiura

Director:

Masaki Hirano

Director:

Keitaro Shigemasa

Director:

Kazuo Kawabata

Kobe Headquarters

Outside Director : Shoji Morii*
Auditor :Yukio Tanabe

Outside Auditor : Kazuhiko Tokumine*

Number of
Employees(consolidated):

1,360 (As of April 2014)

URL :http://www.asahiholdings.com

Outside Auditor : Junzo Kojima**External board members stipulated in
Article 2 of the Company Act(As of June 17, 2014)
Tokyo Headquarters● Changes in Sales and Operating Profit(100million in Yen)

1,600

(100million in Yen)
Net Sales

1,400

180

Operating Profit

150

1,200
1,000

120

800

90

600
60
400
30

200
0

0
2004

● Component Ratio

2005

2006

2007

2008

2009

2010

2011

Environmental
preservation

18%

FY2013

Precious and rare metals recycling

82%

−5−

2012

2013

Operating Profit

Net Sales

Company Overview

GROUP OVERVIEWAsahi Pretec Corp.

Japan Waste Corporation● Company Profile● Company Profile

Business line:

Business line:

Representative :Headquarters:

Precious metals / rare metals recycling andindustrial waste treatment
Tomoya Higashiura
Nissay Sannomiya Building 16F
4-4-17 Kano-cho, Chuo-ku, Kobe,
Hyogo Prefecture 650-0001 Japan
TEL+81-(0)78-333-5600
FAX+81-(0)78-333-5681
Sapia Tower 11F
1-7-12 Marunouchi, Chiyoda-ku,
Tokyo 100-0005, Japan
TEL +81-(0)3-6270-1820
FAX+81-(0)3-6270-1825

Number of
Employees:

901

URL:

http://www.asahipretec.com

Representative :Headquarters:<Domestic Business Locations>
Research laboratory: Technical Research Center (Kobe)
Plant:
Saitama, Amagasaki, Kobe, Ehime, Fukuoka,
Kitakyushu, Kitakyushu Hibiki
Recycling centers:
Saitama, Chiba, Amagasaki
Business Office:Sapporo, Aomori, Sendai, Niigata, Kitakanto,
Kanto, Yokohama, Kofu, Shizuoka, Nagoya,
Hokuriku, Hanshin,Kobe, Okayama, Hiroshima,
Shikoku, Fukuoka, Kitakyushu, Kagoshima,
Okinawa<Group Company> Usuda Manufacturing Co., Ltd.

Malaysia :Vietnam :Number of
Employees:

419

URL :

http://www.japanwaste.co.jp<Domestic Business Locations >Plant and Business Office:Yokohama<Overseas Bases>
South Korea:
China :
Taiwan :Environmental preservation(Industrial waste treatment and otherenvironmental preservation businesses)
Yoshikatsu Takeuchi
Nissay Sannomiya Building 16F
4-4-17 Kano-cho, Chuo-ku, Kobe,
Hyogo Prefecture 650-0001 Japan
TEL +81-(0)78-333-5680
FAX +81-(0)78-333-5681
Sapia Tower 11F
1-7-12 Marunouchi, Chiyoda-ku,
Tokyo 100-0005, Japan
TEL +81-(0)3-6270-1828
FAX +81-(0)3-6270-1839

Asahi Pretec Korea Co., Ltd.
Shanghai Asahi Pretec Co., Ltd.
Asahi Pretec Taiwan Co., Ltd.
Asahi Shih Her Technologies Co., Ltd. (JV)
Asahi G&S Sdn. Bhd.
The Representative Office of Asahi Pretec Corp.
in Ho Chin Minh City

<Group Companies>
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.
INTER CENTRAL, INC.
KOEIKOGYO CO., LTD.

Asahi Holdings Group

Asahi Pretec

Japan Waste

Usuda Manufacturing

Nihon Chemitech

Asahi Pretec Korea

JW Glass Recycling

Shanghai Asahi Pretec

Fuji Rozai

Asahi Pretec Taiwan

EcomaxAsahi Shih Her Technologies (JV)JW Logistics

Asahi G&S

IyotecTaiyo Chemical
Kyodo Chemical
INTER CENTRALKOEIKOGYO−6−(As of April 2014)

Company Overview

BUSINESS INTRODUCTION

PRECIOUS METAL RECYCLING BUSINESS
Utilizing Effectively the Limited Resources to Contribute to the Earth and Society
We collect scraps containing precious and rare metals which are yielded 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, we are contributing to the effective utilization of resources and the industry development

There are a wide variety of fields andregions in which precious metal raw
materials can be recovered.

Photography

Utilizing overseas locations and sales networks that cover theentire country, we efficiently recover and recycl precious metals
and rare metal resources from various industry fields such as
electronics, auto catalysts, liquid crystal display, dental, jewelry,and photography.

Jewelry

Electronics

Industrial Fields
Auto Catalystof Collection

Dentistry

Liquid Crystal
Display

Asahi Pretec Korea Co., Ltd.

Asahi Pretec Corp.
Usuda Manufacturing Co., Ltd.

Shanghai Asahi Pretec Co., Ltd.

Asahi Pretec Taiwan Co., Ltd.
Asahi Shih Her Technologies
Co., Ltd. (JV)ASAHI G&S SDN. BHD.
The Representative Officeof Asahi Pretec Corp.

Our Reliable Quality Receives High Accolades from Japan and Overseas.
Asahi Pretec is a full-fledged member of the Japan Gold Metal Associationand its gold, silver, platinum and palladium metals are recognized as brandproducts 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 recognized by the London
Bullion Market Association (LBMA), and platinum and palladium beingcertified by the London Platinum and Palladium Market (LPPM) as gooddelivery bars.

−7−Electronics
In the electronics and semiconductor industry, precious metals and rare metals are used in the manufacturing process of electronic
components and PCB (Print-Circuit Board) in PCs and portable terminals. We recover and recycle precious metals and rare metals
that are yielded from a variety of processes, leveraging our prominent technology.

Electronics and Semiconductor Industries
Plating Treatment

E-scrap

Precision Cleaning

Plating Line

Various Processes

Sputtering Equipment
Vacuum Deposition
Equipment

Plating solution, rinse water,
etching solution

Used substrates material andmill-ends

Material parts from semiconductor and LCD
manufacturing equipment and wafer cases

Smashing, sampling andanalysis

Precious metal collection,
analysis andPrecision cleaning

Precious metal collection(Equipment installed on
plating line)

MaintenanceIn addition, we collect IT equipment such as PCs from offices, factories, data centers, etc. in Japan. We contribute to
reducing environmental burdens and creating a recycle-oriented society through thorough material analysis and recyclingof the materials used.

Handling of Conflict Metals
In order for customers all over the world to make use of our precious metal products without anxiety, we adhere tostrict rule on neither purchasing nor u sing any conflict minerals. Receiving a designated third-party audit, incompliance with “EICC Gold Conflict-Free Smelter Program”,*1) we acquired the relevant “EICC Gold Conflict-freeSmelter Program Certification” *2)*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/−8−

Company Overview

Auto 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 are making efforts to recycle precious metals from automotive catalysts, chemical catalysts, etc. utilizing ourunique technology.

Sampling · Analysis

Pre-treatment

Inspection

Platinum and Palladium

Auto catalyst

Liquid Crystal Display (LCD)
In the field of Liquid Crystal Display (LCD), indium is yielded from portable terminals, automotive accessories, etc. Through our own
advanced technologies, we have developed the process of recycling precious metals.

TOPICS

Start-up Factory Operation in Taiwan

In December 2013, Asahi Pretec Taiwan commenced
its factory operation at Hsinchu Industrial District,adjacent to Hsinchu Science Park. The factory develops
both “Precious Metal Recycling Business” and “Precision
Cleaning Business”. In the recycling business, we recoverand recycle precious metals with efficiency, yielding
from a variety of industry fields. In the precision cleaning business, we develop precious metal separation andcleaning technology from parts of semiconductor/LED
manufacturing equipment. The cleaning business are
conducted by Asahi Shih Her Technologies, which wasestablished in March 2013 as a subsidiary of Asahi Pretec
Taiwan as a JV with Shih Her Technologies.
Taiwan is the agglomerations of electronics, semiconductor, and other high-tech industries. Especially,
Hsinchu Science Park, where our factory is adjacent to, iscongregated with world-class companies, factories andresearch laboratories and offers a great atmospherewith nature and cultural environment resources. The
park contribute a lot to the development of the global
high-tech industries. As a group company of Asahi
Holdings, Asahi Pretec Taiwan will continuously expand
the precious metal recycling business and the precision
cleaning business in Taiwan.

Hsinchu−9−Dentistry
Removed tooth crowns and cast chips from dental clinics and laboratories are valuable precious metals resources containing gold,
palladium, silver, etc. Through our unique management system, we realize the shortening of the analysis delivery time and theaccuracy improvement of the analyzed values with the double and triple cross check process by process.
Refining and Molding
Process

Acid treatment

Pre-treatment

Inspection

Customers

Analysis and report

Asahi Metal Account System (For Dental Customers)
Asahi Metal Account System *1) is the first service in the fi eld of the dental industry. Based on the analysis results of the
precious metals collected from dentists or dental laboratories, we keep the metals and customers deposit them on theweb. According to the balance of the deposit on the web, c ustomers can choose either cash settlement or actual metal
products return*2) at their own discretion. The systems is highly recognized and successfully-used by customers.
*1) Prior application is required to enroll in Asahi Metal Account System*2) Actual metal return is exclusively only for gold

Jewelry
Based on our advanced analysis and precious metal refining technologies, we collect buffing powder and electrolytic polishingsolutions, etc. in the manufacturing process and respond to various recycling required in the distribution process, etc. We aresubcontracted by jewelry manufacturing organizations for "precious metal scrap collection and analysis". Our many years ofproven performance have earned the profound trust with all of our customers.
Refining and Molding
Process

Acid treatment

Pre-treatment

Inspection

Customers

Analysis and report

Photography
We collect photographic effluent, X-ray film, printing plate film, etc that are disposed by photographic developers, medical institutions,printing plate makers, etc and recycle the silver and detoxify the remaining solutions. Film cases, cartridges, and medicine bottles
are also recycled as raw materials after being compressed and crushed to achieve zero-emission material recycling.

Printing plate film

Molding Process

X-ray film

Refining

Pre-treatment

Photographic effluent

Silver bullion− 10 −

Company Overview

The Technical Research Center
Symbolizing Technology
For “recycle of precious metals and rare metals” and“detoxification and recycling of industrial wastes”, wehave promoted proprietary research and developmentwith analytical technology improvement. The TechnicalResearch Center was established in Kobe High-Tech
Park as the nucleus of R&D. We are looking to takeeven greater strides forward as a company that
contributes to society through improvements inquality and technical innovation.

R&D
We anticipate the demand of our customers and strive to create new
products and business through 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

Analysis
As Asahi Holdings Group’s core analysis function, we support a diversityof corporate activities using the latest analytical equipment andhigh-level analysis technology. In addition, we play an important rolein maintainining and enhancing the trust with our customers and clientcompanies.
(1) Development of new analysis technology(2) Technical guidance for analysis groups at each plant and sales office(3) Purity analysis 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, construct and provide maintenance of facilities in domestic
and overseas subsidiaries, helping to support safe and stable operationof the facilities.
(1) Design, production, construction and maintenance of facilities andbuildings(2) Maintenance control of existing facilities(3) Installation of precious metals collection facilities for our customers andafter-sales service

LBMA Proficiency Testing
The London Bullion Market Association, LBMA, has launched the new scheme called “LBMA Proficiency Testing” since
FY2012 in order for accredited refineries to maintain and enhance their assaying accuracy ability. Asahi Pretec achieved
solid results in the analysis values in a couple of the Proficiency Testing, in which the 40 accredited refineries participated.
The internal proficiency test program is implemented for the further improvement of our assay technical experts.

− 11 −

BUSINESS INTRODUCTIONENVIRONMENTAL PRESERVATION BUSINESS
We contribute to the global environmental preservation mainly performing the detoxification andappropriate disposal of various types of wastes. We respond to our customers’ variegated needs byoffering the proprietary technology which our group companies have cultivated over many years in theirrespective fields
Asahi Pretec Sales
Offices

Striving for providing high-value
added services in a variety of field

PlantsWe promptly meet the diversified and sophisticated needs ofour customers through disposal technology that is speciallysuited to each industry.

Group companies

Kyodo Chemical (Hokkaido)● Collection, transport and intermediate

processing of industrial wastes● Photosensitive materials business

INTER CENTRAL, INC.
(Iwate, Hokkaido,Sendai, Akita, Kanazawa, Tokyo,
Nagoya, Osaka, Fukuoka)● Manufacturing and sale of electric heating equipment

Nihon Chemitech(Saitama, Yokohama, Ibaraki)● Processing of effluent from plants suchas those in the semiconductor industry

and design and construct of radiant air-conditioning
systems● Processing of organic liquid waste andfermentation/composting of sludge

Iyotec (Hyogo)● Labor dispatch, recruitment

JW Glass Recycling(Tokyo, Hokkaido, Miyagi, Gunma,
Shizuoka)

and outsourcing services tovarious manufacturers● Recycling of glass sheets and bottles

Japan Waste(Tokyo, Yokohama, Kawasaki,
Kanagawa)● Production of fuels from waste oil● Production of cement materials fromsludge, etc.

● Recycling of wood chips● Processing of wastes from electronic & IT

Ecomax (Kanagawa)

JW Logistic(Yokohama, Kawasaki)● Process of concreting● Collection andburnt residues, dust andsludge generated fromincinerators, etc.

Taiyo Chemical (Kagoshima)● Processing of wastes fromthe electronic components
industry and hospitals, etc.
● Photosensitive materials
business

TOPICStransportation of industrial
waste and speciallycontrolled industrial waste

KOEIKOGYO (Yokohama)● Design, construction andmaintenance of facilities fordisaster prevention, airconditioning and sanitation

devices● Cleaning of semiconductor manufac-

turing equipment

Fuji Rozai(Tokyo, Yokohama, Nagano, Kobe)● Regular maintenance and demolition

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

Incorporation of KOEIKOGYO CO., LTD. into our GroupIn March 2014, KOEIKOGYO CO., LTD. was added into our Group as a subsidiary of INTER CENTRAL,
INC. which is one of our consolidated subsidiaries and engaged in design and constructionof radiant air-conditioning systems. KOEIKOGYO has provided the design and construction offacilities for disaster prevention, air-conditioning and sanitation to public facilities, hospitals,
cultural and commercial institutions, etc. We will continuously make a group-wide contribution
for the development expecting synergy effects with INTER CENTRAL.

− 12 −

Company Overview

WE DEVELOP ONE-STOP SOLUTION FOR VARIOUS WASTES WITHIN OUR GROUP
We have acquired permission for the collection, transportation, and intermediate treatment of most articles of industrial
waste and specially controlled industrial waste, and have created a structure that allows us to dispose of such waste
appropriately and promptly. Furthermore, we are promoting the establishment of distinguished detoxification anddisposal technology and working towards one-stop solution within our group in the environment preservation business.

Collection, Transportation, andIntermediate Treatment

Customers
Educational institutions(Universities, elementary,
middle and high schools,
Boards of Education)
Government andpublic offices

Collection and transportation● Industrial waste

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

Condensation and precipitation
Concentration
Dewatering

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

Waste effluent treatment facility

RecyclePlant manufacturers

Neutralization● Specially controlled in-

dustrial waste

Chemical reagent
manufacturers

Intermediate treatment

Cyanide decomposition

Glass/sash
manufacturers

Separation of oil from water
Incineration

Other types ofmanufacturers

Neutralization, Mixing

Research institutions

Analysis offices

Incinerator

DryingCleaning

Hospitals, Clilnics, etc.

Kneading
Concret solidification

Landfill

Sorting, compressing, crushing

Licenses acquired by our Group(As of March 31, 2014)(Asahi Pretec) All prefectures and government ordinance cities■ Industrial waste disposal license :(Japan Waste) 24 prefectures and 2 government ordinance cities■ Specially-controlled industrial waste collection transportation license : All prefectures and government ordinance cities■ Specially-controlled industrial waste disposal license :15 prefectures and 9 government ordinance cities■ Certified company as the environmentally sound management(Asahi Pretec) All prefectures and government ordinance citiesof hazardous wastes and other wastes :(Japan Waste) 12 prefectures and 8 government ordinance cities■ Industrial waste collection transportation license :* In April 2011, laws concerning industrial waste management were revised and a recognition system for excellent industrial waste managementcompanies was newly created. Prefectures and government ordinance offices select companies which conform with their strict standards such as
ability for implementation of operations, actual performance, etc. Our group companies will pursue for acquiring the certification to organize
our systems so that customers can contract business without anxiety− 13 −

Treatment of Specified Hazardous
Waste Acid, Waste Alkaline and Waste
Reagents
It is necessary to appropriately treat waste acid and waste
alkaline discharged from plants and business offices andwaste reagents which are unnecessary at laboratories andinstitutes of universities and private companies. Thesevarious kinds of waste are treated for detoxification on theline exclusively at each plant by utilizing technology which
has been cultivated over many years by our group underthorough safety 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 andstorage. We analyze and provide appropriate treatment ofwaste reagent with a bottle being peeled off label, which
precludes the gauge of the content.

Packaging Work

Waste Reagent Treatment Facility

High-Speed Microbial Treatment ofWaste Acid/Alkaline and Sludg
After removing hazardous substances from waste liquids
from plants and offices, even if liquids contain nitrogen andphosphorus, they are detoxified and purified to underenvironmental management standards value for water
discharge by our original technology, such as microbial
treatment, etc., and are discharged. In particular, energy
consumption and CO 2 emissions are lower than the ones ofother 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.

Micro Organisms Facility

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

Insoluble Treatment Facility

Cleaning and Treatment of Hazardous
Wastes
We clean and treat the hazardous waste on the semiconductor manufacturing devices and a variety of laboratory
equipment from manufacturers of semiconductors, electronics
components and research laboratories. After cleaning andtreatment, the devices and equipment are separated bymaterial and recycled for the reduction of environmental
burden.
Precision Cleaning System− 14 −

Company Overview

Recycling of waste oil and sludge
Based on analysis results, various kinds of waste oil and liquid waste are blended in an
optimal formula, and the ingredients are adjusted to produce supplementary fuels used in
cement production and waste incineration. Furthermore, sludge and burnt residues arealso recycled into cement materials by adjusting their ingredients and moisture and by
kneading. Thoroughgoing analysis is also performed upon receiving and shipping for its
quality maintenance control as qualified recycled materials.
Waste Oil and Product Storage Tanks

Process of neutralization · mixing for fuelShipping

AnalysisEmulsification
Mix

Pretreatment

Analysis

Waste
LiquidWaste Oil

Process of kneading for
cement material

Knead
(Mix)

Dust
Burnt residues
SludgeManufacturing Facility for Cement
Raw Material

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

Wood Chips

Fire-Proof Brick Recycling
Disused fire-proof bricks produced from demolished furnaces of glass manufacturing andperiodic repair work of incinerators are carefully separated and treated with the aim ofrecycling for reuse as fire-proof bricks and paving materials.

Fire-proof Bricks

Glass Recycling
We collect sheet glass and glass bottles from glass manufacturers, sash manufacturers andlocal municipalities. Sheet glass scraps and glass bottles collected are reused and sold forhigh-quality glass cullet after separation and crushing at our plant. Glass scraps which are
not usable for glass materials are recycled as paving materials. Through glass recycling, weare helping to prevent exhaustion of mineral resources and reduce the environmental
burden.

Glass Cullet

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

Fermented Compost Facility

Energy-saving Effects
We manufacture and sell eco-friendly heating equipment with clean and energy-saving
effects. We also design and construct most leading-edge radiant air-conditioning
systems. A wide variety of products and systems are provided to schools, hospitals,
cultural institutions, commercial facilities, and general homes. We purse the possibilityof air-conditioning for the better and more comfortable living environment.

− 15 −

Construction Example

For the Environment
The Asahi Holdings Group complies
in good faith with the demands of its
customers and society in order tofulfill its responsibilities as a sensible
corporate group
INDEX
17 Environmental Impact Resulting
from Business Activities
19 Global Warming Prevention Efforts
Reduction of Environmental Burden
20 Energy-Saving Efforts
21 Reduction of Environmental Burden
Through Business Activities
23 Environmental Management

For the Environment

ENVIRONMENTAL IMPACT RESULTING FROM BUSINESS ACTIVITIES“INPUT” represents resource and energy, which is necessary for business activities and “OUTPUT”
represents environmental impact through business activities

INPUT
OUTPUT■ Envisioned positive environmental impacts■ Envisioned negative environmental impacts

Recycling raw materials

Recycling

Recycling

Products

Resources
Cement raw material for steel
and non ferrous, emulsion
fuel, fuel for biomass power
generation, plastic, glass,fire-proof bricks, fermented
compostPrecious
metal bullions

Dental alloys

Industrial waste■ Effective utilization■ Effective utilizationof resourcesof resources

Reuse
Liquid crystal
monitors

Computers

Energy■ Effective utilization

Asahi Holdings Groupof resources

Waste■ Consumption of resources,

Global warming* Electrical generation time at power plants

PlantsBusiness sites,
research lab, etc.

■ Reducing the final

disposal volume■ Capacity shortage forfinal disposal sites

Medicines■ Consumption of

resources

Exhaust fumes

Water

Effluent(Purification until it is within the standard values for discharge)■ Consumption of resources− 17 −■ Global warming

Environmental Performance
The energy, resources (water), chemicals, and etc, used in our environmental preservation, precious and rare metal recycling
business activities are listed as “INPUT” data, while the environmental burdens given off from performing business activities withthe substances are listed as “OUTPUT” data.
The volume of CO2 emission has been decreased by reviewing the production efficiency and the disposal process, the amount ofenergy usage remained the same level as the previous year. However, group-wide CO2 emission amount increased on yearto-year comparison due to the raise of CO2 coefficient at electricity companies.

INPUT
Unit

FY2009FY2010FY2011FY2012FY2013

Electricity

MWh21,67424,097

23,81623,03522,963Heavy oil

kl

1,466

1,465

1,192

891

739

Kerosene

kl

379

440

440

451

449

Light oil

kl

2,965

3,216

3,200

3,176

3,241

Gasoline

kl

848

899

914

928

917

Urban gas

1,000 m3

527

64

27

13

12

LPG

t

17

20

22

19

13

Water

1,000 m3

345

378

364

336

322

Chemical, etc.

t13,293

13,18914,191

13,14012,688OUTPUT
Unit

FY2009FY2010FY2011FY2012FY2013CO2 emissionst

24,327

24,79823,86325,47426,946

Effluent*

1,000 m3

208

246

251

217

180

Waste

t

16,644

16,24917,71916,04815,460* 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.

● FY2013 Environmental Preservation Costs

1. Cost within business areas(Unit: million yen)

Category

Major Initiatives

Expenses

Investments(1) Cost of preventing pollution

Control and maintenance of gas emission
facilities, water drainage, and etc.

361.4

14.5

(2) Cost of protecting the earth’s
environment

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

11.2

19.1

(3) Cost of recycling resources

Entrustment of industrial waste treatment

213.7

0

0

0

2. Cost of upstream and downstream—

3. Cost of management activities● SO14001 management activities● Disclosure cost of environmental information

72.8

0

4. Cost of research and development● Improving efficiency for the precious metal refining process● Decreasing the volume of landfill disposal

40.3

0

5. Cost of social activities

Clean up activities in the neighboring
communities

2.80

6. Cost of handling environmental damages

—

0

0

Total

—

702.3

33.7

− 18 −

For the Environment

GLOBAL WARMING PREVENTION EFFORTS
Target: Cutting GHG* emissions by more than 25% by 2020 from a 2008 base of 100
Major Actions* Energy source CO2 determined in the Global Warming Countermeasures Law① Effective use of waste (alternative use for fossil fuels)② Renewal to energy efficient equipment, facilities andbuildings③ Effective use of waste heat from incinerators④ Expansion of use of waste fuels● Greenhouse Gas Emissions (Energy sources: production, transportation and offices, etc.)
By improving energy efficiency and seeking further
streamlined operation of the facilities/equipment, we havecontributed to the reduction of electricity and fuels. Whilethe energy usage at our offices*1) in FY2013 was reduced
by 30% compared to base year, CO2 emission stayed at the
22% reduction level compared to base year due to theelectricity coefficient was raised.

25
20
15
10

GHG emission amount for reduction target

50* Targets are business lines at offices, which were operated at the timeof FY2008

FY2009 FY2010 FY2011 FY2012 FY2013● Greenhouse Gas Emissions (Net emissions*: production, transportation and offices, etc.)
Group-wide CO2 emission in FY2013, together with energy
source CO 2 and non-energy source CO 2 emission, was
80,000t and increased by 3% on the same period last year.
CO2 emission amount was increased due to the 2% increaseof the incineration amount of the industrial waste and thehigher electricity coefficient although the amount of usage
remained the same as the previous fiscal year.

80

60

40

Emission amount of energy source CO2Emission amount of non-energy source CO2

20

0* Calculation of Greenhouse Gas Emission Volume (comply with Law
Concerning the Promotion of the Measures to Cope with Global
Warming )[Energy Origin CO2]=[CO2 released in connection with use of electricity and fossil fuels][Net Emissions]=[Energy Origin CO2]+ [CO2 released in connection
with incineration of industrial waste]

FY2009 FY2010 FY2011 FY2012 FY2013● Solar Power Generation System
Asahi Pretec Corp. installed a solar power generation
system with a 20kW generation capacity at Hanshin Officeand started selling all amount of the power generation to
Kansai Electric Power Co., Inc. from April 2013.
Total power generation in FY2013 was 126,000kWh,
which comes to about 63,000t converted into the amountof CO2 reduction. Trying to absorb the same annual
amount of CO2 through the artificial forest of Japanesecedar, it would require about an 8ha land (4,500 pieces oftree) to cover the amount.

Explanation of electric generation condition via monitor− 19 −

ENERGY-SAVING EFFORTS● Energy Consumption (production, transportation and offices, etc.)
The amount of group-wide energy consumption remains
almost the same level as the previous year. In Asahi Pretec,
the amount of the energy consumption was decreased by
2% through the following measures:

500
400
300

= Energy-saving Efforts (Asahi Pretec)=*Promotion to use recycled oil at Ehime Plant*Electricity reduction by intensive use of compressors(Kita-kyushu Plant)*Introduction of LED lightning system(Technical Research Center, Saitama Plant, Kobe Plant, etc.)

200
100
0

FY2009 FY2010 FY2011 FY2012 FY2013

In Japan Waste, the amount of the energy consumption was,however, increased by 2% on the same period last year due
to the increase of the volume treated although we havepromoted energy-saving activities.

● Energy Consumption Rate compared to FY2008 (Asahi Pretec)
140

In Precious Metal Recycling Business, energy consumption
rate got worse on year-to-year comparison due to the
production volume.
In Environmental Preservation Business, energy consumption
rate was raised by 10% by means of replacing the facilities
with higher energy-efficiency and maintaining more
efficient operation for the incinerators.

120
100
80

85.6
77.9

94.0
81.3
72.6

80.5
66.0

63.0

FY2011FY201260
40
20
0FY2009FY2010FY2013● Vehicle Fuel Consumption (Asahi Pretec)(km/l)

8

7.01

6.93

6.89

6.70

We have promoted eco-friendly drive by utilizaing digitaltachometer graph and improved transport efficiency byreviewing the collection routes.

6.67

6

FY2013 vehicle fuel consumption remained at the same level
as the previous year although there were minor factors suchas superimposed load increase, which lead s to low fuelconsumption, and auto weigh increase due to theintroduction of boxy trucks.

4
2
0

FY2009 FY2010 FY2011 FY2012 FY2013− 20 −

For the Environment

REDUCTION OF ENVIRONMENTAL BURDEN THROUGH BUSINESS ACTIVITIESResults of Our Group’s Environmental Burden Reduction (FY2013)
Environmental Preservation
IT equipment
recycling

Burnt residue andsludgeReduction ofgreenhouse gases
Minimization of the
final disposal volume
Stabilization of toxic
substances●

Freon detoxification treatment●●

Fuel production forenergy generation

Recycling●

Fermenting andcomposting●

Treatment by
incineration

Saving exhaustible natural
resources

Recycling of glass andfire-proof bricks

Reduction ofenvironmental
burdenTreatment ofeffluent

Business process

Precious Metal
Recycling

We evaluated the major businesses
and tasks of the company group tosee how much of the environmental
burden in the society as a whole has
been reduced through our businessactivities. As the subjects of evaluation, we make calculations in regardto (1) the reduction volume of natural
resources, (2) the volume of recycling,(3) the volume of controlled greenhouse gas emissions and (4) the effects
of reduction of final disposal in thetwo business divisions - precious metal
recycling and environmental preservation, (5)Stabilization of toxic substances.

●
●

●

●

●
●

●

●

●

●

◆
●

● Calculated by weight◆ Not targeted for numerical evaluation
Result of minimization of the final disposal volume excludes waste oil, waste acid and waste alkaline, which are brought to us.
The volume is the reduced one through our industrial waste treatment, which equals to the volume without treatment of controlled landfill.

Results of Saving Exhaustible Natural Resources
Through recycling all kinds of raw materials, we are cutting back on the amount of natural resources (precious metals, non-ferrous
metal ores, agalmatolite, quartz sand, plaster, forests, etc.) that are being mined or felled, thus contributing to the protection of
the global environment.
Precious Metal Ores
(Precious Metal Recycling)

Fossil Fuels(Effective Use of Waste)

Timber(Construction Waste Recycling)

Recycling materials containing a lot of
precious and rare metals contributes tosaving mineral resources, such as precious
metal ores.

By making effective use of waste heat
energy (waste oil and plastics, etc.) in an
incinerator, fuels (fossil fuels) required forincineration can be reduced.

Wood chips made from wooden construction waste are used as a carbon-neutral fuelin place of fossil fuels.

8.4 Kt /year

60.0 t /year

2,118.3 Kt /year− 21 −

Recycling (including reuse products)
A variety of industrial wastes are recycled into raw materials and are mainly used to produce the following recycled/reused products:
Wastes used are shown in parentheses “( )”.
Glass cullet(bottles, waste glass sheets)

Fermented compost(Food wastes, organic sludge)

93.6 Kt /year

Wood chips(Construction scrap wood)

14.4 Kt /year

Non-ferrous metals materials(Liquid waste containing metals)

Refractory brick paving materials(Furnace waste materials)

4.2 Kt /year

60.0 t /year
Scrap metals(Construction metal scrap, OA equipment)

4.1 Kt /year

Fuels/raw materials for cement(Plastic waste, waste oil/liquid
waste, wood chips, sludge)

Clay waste

5.4 Kt /year

4.2 Kt /year
Emulsion fuels

10.5 Kt /year

Results of Reducing Greenhouse Gases

Results of Minimizing the Final Disposal Volume

115.3 Kt /year

Waste reduction volume:

We are making contributions to help reduce greenhouse gas
emission through business activities such as the collection of
precious metals, glass, fire-proof bricks and CFCs.

3.8 Kt /year

29.7 Kt /year

The final disposal volume (landfill disposal) can be reduced
by incinerating waste.

● GoldAmount of CO2 emitted frommine production
Amount of CO2 emitted fromour company’s recycling
production

100

75% or greater
reduction
Incinerated ash

14

Stabilization of Harmful Substances

24.8 Kt /year

Waste

Treatment by incineration

Burst residue, smoke dust, sludge and etc., containing harmful substancessuch as heavy metals, dioxins, lead, arsenic, chrome, selenium and so on ,are unsuited for recycling. We stabilize the harmful substances by
concrete solidification treatment so that they will not elute from thewastes. In FY2013, the amount treated of the toxic substances is 24.8Kt
and its stabilization ratio is 98.9%.

− 22 −

For the Environment

ENVIRONMENTAL MANAGEMENT
Environmental Management
Promotion System

Environmental Policies
We will contribute to the environmental preservation of theearth and establish a sound material-cycle society throughthe company’s businesses on recycling of precious and rare
metals and industrial waste treatment.

Our “Company-wide Environmental Purposes and Goals (annualplan)” is developed based on the Environmental Policy that
establishes our environmental preservation philosophy. According
to the above established purposes and goals, each business officewith 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 theenvironmental 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 foreach business office as an aim to implement thorough promotionof environmental activities.

(1) In all business activities we will strive to conserve
resources and energy and reduce, reuse, and recycle
waste to minimize the environmental burden.
(2) We will promote the recycling of resources of precious
and rare metals to achieve a more effective use of thelimited resources of the earth.
(3) We will adequately and safely perform our operations
for the collection, transportation, and treatment ofindustrial waste to prevent environmental pollution.
(4) We will prioritize a harmonious coexistence with natureand regional communities. We will strictly follow therelevant environmental laws and regulations and otherrequirements which we recognize.

Management(5) We will establish environmental objectives and targets
and periodically review them to continue improving ouractivities.

General Internal Auditors(6) We will educate all our employees and increase theirenvironmental awareness as members of the community,
promote their understanding of environmental
preservation activities, and participate in such activities.

Chief Environment Control Manager
General Environment Committee

These environmental policies shall be conveyed to all of ouremployees and all those working for the company andannounced to the public as our commitment.

ISO Office
Supervisors

Supervisors

Supervisors

Internal Auditors

ISO14001 Approval Status

Environment Preservation Administrator

Asahi Pretec has acquired ISO14001 Certificate at 22 locations
since 2000 when Technical Research Center was initially certified.
Consequently, our group companies as a whole have acquired
ISO14001 Certificate at 10 companies with 35 locations. We willcontinuously develop ISO14001 maintenance and improvement
activities by promoting the integration of our operation andISO14001 Certificate.

Environment Committee
Department

ISO14001 Environmental Audits
Regular inspections are carried out on the state of compliancewith specifications by an external examining authority for
ISO14001 activities. Moreover, internal environmental audits are
conducted at least once a year at business sites in order to ensurethat EMS is being properly administered.

ISO14001 Certificate

Regular External Audit− 23 −

For the Society
We continue making our social
contributions through various
activities as a good corporate citizen
that should coexist in harmony withsociety

INDEX
25 Corporate Governance
27 With Our Customers
28 With Our Communities
30 With Our Employees
35 With Our Shareholders and Investors

For the Society

CORPORATE GOVERNANCE
Under the holding company structure, the Group is committed to building a stronger group governance and driving risk management

Corporate governance philosophy
In order to meet the expectations of stakeholders and to maximize the corporate value, we are committed to enhancing ourcorporate governance with Asahi Holdings taking the initiative as a holding company. Operating companies, Asahi Pretec andJapan Waste make timely decisions and develop operations in each specialty area in order to reinforce competitiveness andexpand profitability. With each company carrying out its functions, we will strive to achieve lasting growth and development
as a corporate group. Currently, one out of the seven directors and two out of the three statutory auditors are selected asexternal corporate executives, monitoring and supervising management from an independent perspective.

● Asahi Holdings Corporate Governance Structure

Shareholders' General Meeting

Board of Directors

Accounting
Auditors

Board of Auditors

audit

Auditors(including 2 outside
auditors)

7 Board Member(including 1 outside director)(Independent
Auditor)collaboration

audit

Representative Director

Group Management Strategy
Meeting

Each Department of Group Companies

audit

Internal Auditing
Asahi Pretec

Japan Waste− 25 −

audit

Maintaining an internal control system

Risk management

We have enhanced our internal control system by establishing a structure in which the Board of Directors, Board of
Corporate Auditors, Accounting Auditors, Internal Audit
Department, and Internal Control Department each works
effectively to develop regulations and implement companywide initiatives regarding compliance, risk management,
and information management. Additionally, Asahi Way
provides codes of conduct the Group employees should
adhere to in order to perform fair and sound businessactivities.

To properly manage apparent and potential risks in businessactivities, we study risks from a comprehensive standpoint,
against which assessment is performed and actions taken.
We are working hard to prevent risks from arising, and tominimize losses when risks develop into a crisis, through thepromotion of risk management.

ComplianceBusiness continuity plan (BCP)

We consider compliance a priority issue in delivering fairbusiness 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, andeach and every employee is required to always act with ahighly compliant mindset. We are conducting activities toraise the legal compliance awareness of each and every
employee through education and mutual communication,
along with rules and manuals related to compliance.

Due to various factors such as large scale disasters, there is arisk that our Group’s functions needed for business continuity
may weaken. As an action plan to achieve quick restorationof mission-critical functions even after a disaster, we createda business continuity plan and have carried out thefollowing initiatives:•Installation of power generators in major plants to
supply backup power•Suppression of peak power [use] by adjusting running
hours of plant equipment and by saving electricity inoffices•Strengthening of backup of information systems
including servers•Decentralization of some parts of production andprocessing (multiple locations supplementing eachother)•Enhancing of earthquake resistance in equipment andfacilities•Reinforcement of facilities to prevent leakage or
diffusion of chemicals, etc.
•Storing of drinking water and food at all Group
locations

IT Protection Education Program•Maintaining a system for safety confirmation andupdated 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 anddisclosed parties.

Stock-pile for Emergency− 26 −

For the Society

WITH OUR CUSTOMERS
We make efforts to provide detailed responses to the wide-ranging needs of each of our customers
under our motto that “customers come first”

Initiatives to
Improve Customer Service● Customer Satisfaction Surveys● Fair trade initiatives

We periodically conduct Customer Satisfaction Surveys. We
survey the level of satisfaction with our business activities asa whole, and then improve upon problem areas based on the
results of the reports. Hereafter, we will continue conducting
periodic surveys and working to improve customer satisfaction.

Our group articulates “Prohibition of Acts That Compromise
Fair Competition”, “Confidentiality of Supplier Information
and Technology”, “Prohibition of Inappropriate Offering/
Receiving of Benefits” in the Asahi Way (page 3) and otherrules, to ensure fair trade practices and compliance withcorporate ethics.

Quality Assurance System

Risk Management System for
Information Leakage

We hold a Quality Assurance Meeting that is led by the Quality Assurance Division through an amalgamation of our Sales
Division, Technology Development Division, and Product
Manufacturing Division. Through this meeting we share
information such as customer opinions and market trends inour efforts to improve customer satisfaction. In addition, inorder to provide customers with products that earn greater
reassurance and satisfaction from customers, we haveacquired ISO9001 certification and strive to make continuous
improvements to our quality management system andmaintenance and enhancement of quality. In March 2010, we
integrated the certifications of four bases which acquired
ISO9001 certification and started operation of a company-wide
uniform quality managementsystem. Furthermore, Asahi
Pretec also makes efforts to reduce the environmental burden while giving consideration to “green procurement” andthe Restriction of Hazardous Substances (RoHS) Directive,
which is a European regulations on chemical substances.

We employ the latest security measures on PCs andtablet-type devices used by sales persons. In case of theproperty loss or theft, we can reduce the possibility of
information leakage close to as zero by means of deleting
the information through remote operation, and etc.
Recycling Centers located in Saitama and Amagasaki
acquired ISO27001 certification in March 2011. We provide a data deletion and HDD destruction, etc. service asmeasures to prevent information leakage in connection with disposal of PCs and contribute to information protection through our business activities.

Acquisition of
ISO 9001 approval
Asahi Pretec Co., Ltd.
Technical Research Center
Fukuoka Plant
Ehime Plant
Saitama Plant

Data deletion using an exclusive software

ISO9001 Certificate− 27 −

WITH OUR COMMUNITIESUnderstanding and support for our business from people of the local community is indispensable for us
since we develope our business operation across the county. To be a company that coexists with society
as a corporate citizen, we carry out activities that are rooted in communities in various ways

Our Initiative Activities● Adopt Program in Koga City, Fukuoka

Prefecture

Fukuoka office participates in a volunteer program, “Adopt
Program in Koga City”. This program is designed for being
attentive to beautification and conservation activities aiming
for beautiful cityscapes by Koga City, partnering withcorporations and business offices. To enhance our awarenessfor environmental beautification of public spaces such as
roads, etc., a variety of organizations like elementary schools,
junior high schools and high schools in Koga City conduct theactivities regularly. We will continuously make an active
contribution for the environmental conservation of thecommunity.

● Forest Project of Kobe Association of

Corporate Executive

We participate in “Forest Project of Kobe Association of
Corporate Executive (KACE)”, a volunteer program hosted by
KACE. Three years have been passed since we initially joined
the program, whose objective is to assist efforts to foster theforests over five years. We develop the activities to deepen
our understanding for nature and to nurcher the forests forthe next generation through forest improvement, such astree thinning and cutting on Mt. Futatabisan in the Rokko
Mountains, and nature observation.

● Registration as a Place for “Refuge forChildren Dial 110”

Aomori office has registered and conducted a volunteer
activity, called “Refuge for Children Dial 110”, for thechildren’s safety in the community. We offer drop-in
emergency assistance and refuge for children as a temporary
shelter when they suffer something dangerous or fear for
their physical safety. At the same time, a report for the police,
school, family, etc. are provided to protect their safety. A
poster for “Refuge for the Children Dial 110” is posted at aplace where children can easily recognize. We will make aneffort to conduct community-based activities to foster asafety environment, in which children can live freefrom anxiety.

− 28 −

For the Society

Social Contributions ThroughBusiness Activities
We agree with the purpose and suppor t the activities of the 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).
We also recycle the removed teeth crowns collected by dental
clinics that agree with the purpose of the cooperating organization for reproducing precious metals such as gold and palladium.
The net profits obtained from sales of these precious metals are
made available as funds to assist the activities of various cooperating organizations.
©V. Dupont/Medecins Du Monde
Medical assistance by Medecins Du Monde<Major organizations that our company assists>● Medecins Du Monde Japon,● The 8020 Promotion Foundationa Specified NPO(Provides medical assistance to people sufferingfrom wars and natural disasters)● The Japan Cleft Palate● Nippon Foundation("TOOTH FAIRY" Project)Foundation, a Specified NPO(Provides medical assistance to children withoral handicaps such as cleft lips and palates)

TOPICS 1
Medical Support by Free Operation for Patientswith Cleft Lip and Palate in Vietnam ”
Japan Cleft and Palate Foundation is engaged insupport activities for children with congenital physicalimperfections and provides free operations, relief workin developing countries, etc. The Foundation has been
engaged in medical assistance activities over 20 years in
Vietnam and provided free operations for about

3,000 people with cleft lip and palate. Asahi Pretec,
as a cooperative company, has carried out support
activities through our precious metal recycling business.
Our assistance activities were highly appreciated and we
received a letter of appreciation from Principal of Hanoi
Medical University at an international convention, which
was held in Hanoi by commemorating the 40th anniversaryof diplomatic relations between Vietnam and Japan. We
continuously serve social roles through our precious metal
recycling business.
Awards ceremony at the convention

TOPICS 2
A visit of Hidaka High School for our Factory TourWe perform a factory tour as part of CRS activities for high-school students. In October
2013, 80 students from Hidaka High School in Wakayama Prefecture were welcomed
to Amagasaki and Kobe Factory for each site factory tour. We mainly introduced rare
metal refining process at Amagasaki Factory and Treatment process of industrial
wastes at Kobe Factory.

− 29 −

WITH OUR EMPLOYEES
We aim to create a livable and cohesive workplace through respect for the individuals and daily work.
Also, we are providing various support so that each and every employee can bring out the best in
their work and find their duties “rewarding” and “fulfilling”

Creating an Environment Where People Can Work Free from Anxiety

Work-Life Balance

It is very important not only for employees but also for the company to go through life
with giving free scope to one's talent and striking a balance between challenging
assignments and fulfilling personal life. 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 a corporate, in order for them to have a balance between
private and work life.

● Employee General Meeting● Mental Healthcare

An employee general meeting is held every year. At themeeting, a message from CEO, the previous fiscal year's
performance results and the priority issues of the current
fiscal year are presented. Also a panel discussion between
top management and employees are implemented.

We believe mental health care is vital for the employees’
productivity and the improvement of vitality. We provide
an individual consultation and a preventive seminar working
with an industrial physician with expertise in mental healthcare.

Individual Consultation
General Meeting of Employees● Our Healthcare Administration
Regular physical examination programs (e.g. checkup for
preventing lifestyle-related disease, checkup for people
engaged in designated operations, and general medical
checkup), which are required by law, are offered to all
employees. For those aged 45 or above and all managers,
a comprehensive medical checkup program is offered.
We also support medical checkups for brain and PET scansfor early detection of cancer upon requests from eligible
employees.
100% of the employees go through these routine checkups,
which shows that both the company and the employees arecommitted to improving health, preventing disease, anddetecting early symptoms.

Mental Health Care Management Traiing− 30 −

For the Society● Self-assessment system● Childcare Leave

Once a year, all employees are asked to carry out a written
self assessment on topics including how effectively they areusing their abilities, their suitability for their roles, their
feelings of challenge and accomplishment, and the atmosphere in their workplace, and are invited to write about
their desired career path. The report card also includes achecklist to self-diagnose the degree of fatigue accumulation. The completed self assessments are submitted directly
to the HR department, which works together with employees’ managers and supervising directors in order to adjust
personnel assignments, improve the work atmosphere, andpromote a feeling of rewarding and encouraging work.

The Company supports the balance between birth, childcare
and nursing care of family members and work. We support
working patterns suited to the lifestyles of employees by
shortening working hours specified in the childcare leavesystem.

● Interviews for all employees● Holiday for Refreshment

Every three years, individual interviews are conducted forall employees. Employees are asked about their current
work environment and their jobs in the interview. In orderto improve the working environment by taking into accountthe work-life balance for each employee, employees areadvised to maintain an appropriate workload as well as
appropriate number of working hours.

We provide a welfare benefit plan, "holiday for refreshment", where employees can take 3 to 5-consecutive-day
holiday every year from the 2nd year after joining thecompany. Added to the weekends, 9-consecutive-day
vacation can be taken. Employees can enjoy spending timewith family in traveling and doing hobbies.

● Employee Survey
Every three years, an “employee surveyl” is given to allcompany employees. This survey is carried out in orderto grasp objectively employees’ satisfaction, attitudes,
values and recognition of corporate culture concerning
workplace, assignment, supervisors and the company.
The survey results are used to promote the further development of the organization and its employees.

● Employment of Disabled Persons● Supporting Company Club Activities

Employees with impairment engage in each job at the same
workplace with healthy people.

Communication between colleagues and clients is enhanced
through club activities such as baseball and futsal.

− 31 −

Fostering Human Resources

Employees at all levels/in all lines of work are encouraged to become professionals
with an emphasis on expertise, and are offered original certification programs aswell as internal educational curriculums. Additionally, so-called ASG Activities arecarried out in small groups on a voluntary basis. Furthermore, we hope to cultivate
ambition in employees through a performance-based personnel system which
evaluates the performance and contributions of each employee in an impartial andfair manner.

Human Resource
Development● Employee Training Program
Our company provides education suited to the employees’
level of proficiency from the time they join the company(Entrance Training, Step-up Training, Power-up Training), as
well as education and training for selective human resources
by rank (Junior Leader Training, Manager Training, Leader
Training). In addition to which we also instill each individualwith the practical knowledge needed by professional

human resources through training by division andtechnical ability education. We have also establishedtraining programs which make it possible to nurture
specialized capabilities.

Training by rank

Entrance training

Training by division

Self-education

Support for acquiring qualifications

Correspondence education

ASG Activities(Asahi Small Group Activities)

DIPS Training(Dental Division training)

Promotion test and training

Leader Training

Manager Training

Junior Leader Training

Power-up Training (around 1 year after joining the company)

Step-up Training (around 3 to 6 months after joining the company)

Primary
management
positions

Training upon joining
the company

Mid-level
management
positions

Training for management positions
upon joining the company

High-level management positions
Specialized andfull-time positions

Training for new entrants

Power-up Training

Junior Leader Training− 32 −

Manager Training

For the Society

Promoting Safety and Health Activities

Initiatives for OSHMS

Environmental Safety Education

It is essential to nip disasters in the bud by focusing on theinnumerable risks latent in the workplace and such risks inadvance so as to reduce the number of industrial accidents.
Our company aims to improve the safety and health standardsof our workplaces by incorporating the reasoning behind the
Occupational Safety and Health Management System (OSHMS*) and reducing risks.
Our OSHMS is based upon reducing workplace risks by repeatedly applying the PDCA Cycle. This is a sequential cycle whichruns from “establishing a plan” based on assessments offactors contributing to risk and hazards (Plan) -> “implementing the plan” (Do) -> “evaluating the results of the plan”(Check) -> “revisions and improvements based on the evaluation” (Act).

Environmental safety education is conducted as part of the
Human Resource Fostering Program in the employee training system , in which attitudes toward conducting a safety
work and basic knowledge of hazardous substances are
educated. Furthermore, we also incorporate a role-playdiscussion into the education assuming a specific emergency
situation such as fire breaking-out during working hours.
We also devise means to enable individuals to correctly
understand the actions that should be taken at the actual
work site.

A(Act)

Revise and improve

C(Check)

Confirm and evaluate
the progress

D(Do)Environmental safety education

Implement
the plan

In terms of on-site support, on-the-job training (OJT) is
provided by specialized staff of safety and health at the siteof sales and plant. We strive to improve health and safety inworkplace environments by means of safety guidance forworkers and persons in charge.

P(Plan)Create a plan
Prioritize the issues
Identify and evaluate
risk factors* Occupational Safety and Health Management System

TOPICS
Project for Accident Eradication
Social demand for safety has steadily been increasing
year by year while we have promoted proactively
to extract, improve and reduce potential risks
at the workplace. Therefore, we started “Accident
Eradication Project” in October 2013. By assigning
the top management as the project leader, we aim toconstruct a prompt and essential safety management
system. We aim for providing a safe workplace sothat employees can work free from anxiety bysecuring, maintaining and improving higher safety
standards.

Plant training− 33 −

Responding to Emergencies

Safety Commendation Activities

As safety measures, we examine risks in business activities
closely and decide a "Safety Promotion Administrator" ateach site in order to prevent accidents/problems. In addition,
we organize a system properly for a prompt response in theevent that something unexpected occurs.
As a means of internal and external response at the time of
emergency, we have prepared "Management Manual for
Emergency " and also distributed "Manual at the time of Accident and Disaster " to all employees, which stipulates guidelines at the initial stage of accident and disaster.

We make an effort to enhance our awareness for safety andevery year some business sites and employees are commended for their contribution to their outstanding achievement
at the general meeting of employees.

commendation for safety activities

Emergency training

Creating Vital Workplaces Through Small Group Activities
We implement Asahi Small Group Activities (what we call "ASG Activities") with voluntary and indepent-minded participationfrom employees within the same workplace. Through these activities, participants use their creativity to work toward solving
issues and problems within their workplace. Groups with outstanding efforts are awarded at the general meeting of employees.

INTERVIEW

Taking Part in ASG Activities

I work at Administration Group in Yokohama Office in charge of administrative task of Precious Metal Recycling andEnvironmental Preservation Business. Our FY2013 target of ASG(AsahiSmallGroup) activities is to enforce our organizational
power by focusing on the following three - “Efficiency in Operation”, “CS Improvement” and “Cost Reduction”.
For operational effi ciency, we reviewed all offi ce work and offered effective alternatives for improvement andput them into practice. For CS improvement, we promoted to share informationinternally and to enforce communication for smooth and sophisticatedtelephone skills. For cost reduction, we reconstructed a system, in which
each employee could address cost reduction proactively by raising eachindividual’s awareness of responsibility for the cost reduction.
Implementation of this restructuring through ASG activities resulted inreform of the mindset of all members of Administration Group. This activity
developed the willingness for one’s task and enforced the communication
among others that led to improve the strength of both organizationand motivation as a group of “thinking”. Furthermore, we will engage inorganization management keeping in mind “Innovation and Challenge”
Group Leader Hirotaka Nagaoka
stipulated in ASAHI WAY, our corporate credo without being satisfied of
Yokohama Officethe situation in which we are now.

− 34 −

For the Society

WITH OUR SHAREHOLDERS AND INVESTORSWe are proactively promoting strategic focus on growth and striving to improve corporate
values through business development and provide stabilized returns to our shareholders● Net Sales● Operating Profit(JPY in 100 million)(JPY in 100million)

1600

120

1,511

1200
800

1,105
964

826

80

943

112

107

100
79

96
75

60
40

400
0

20
0
2009

2010

2011

2012

2013

2009

● ROE (Return on Equity)

2010

2011

(%)
70

70.3
66.6

19.1

15

67.3

65

16.2

15.4

2013

● Capital Equity Ratio

(%)
25
20

2012

11.2

13.5
60

59.6

58.0

10
55

5
0

2009

2010

2011

2012

50

2013

2.04%

Treasury Stocks
3,518,557 stocks

8.60%

Indivisuals and Others
13,742,235 stocks

2012

2013

● Dividend Per Share

37.91%

year-end dividend
(JPY)

60

Financial Institutions
6,290,950 stocks

17.35%

2011

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 we return profits to ourshareholders through the provision of a stable dividend.

Securiteis Firms
740,893 stocks

Other Corporations
3,117,150 stocks

2010

Basic Policy on Shareholder Returns● Stock Distribution by Shareholders

9.71%

2009

Foreign Investors, etc.
8,844,559 stocks

24.40%

50
40

mid-term dividend

60.0

60.0

60.0

30.0

30.0

30.0

50.0

50.0

25.0

25.0

25.0

25.0

30.0

30.0

30.0

2009

2010

2011

2012

2013

30
as of March 31, 2014

20
10
0

− 35 −

Reference

INDEX
37 Group History
39 Group Companies

Reference

GROUP HISTORY“Effective Utilization of Resources” and “Environmental Preservation”— these are the themes we havebeen consistently and invariably addressing since our foundation.

1981

We commercialized the recycling of silver from photographic development processes at a time whenpublic concern was not as focused on recycling andenvironmental issues as it is today. We also newly
entered the environmental preservation business.

Started objective management and internal proposal system
Announced practical use of the digital camera

We responded to changes in the market throughtechnical innovations while promoting the diversification of our precious metal recycling business.

1952
Founded Asahi Chemical Laboratory.

1982

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 photo-sensitive
materials

Determined the diversification of precious metal recycling business
foreseeing the reduction of the photo effluent treatment market

1959

Launched precious metal recycling business in the filed of
plating solution

Started operation at Kobe Business Office

Launched precious metal recycling business in the filed of dental

1984

1986

1964

Launched precious metal recycling business in the filed ofelectronics components and jewelry
Developed compact electrolytic gold collection equipment
ZIPANG

Incorporated as a limited company

1968
Kobe Plant constructed in Higashi-Nada-Ku, Kobe

1988

Started supply of silver to Fuji Photo Film Co., Ltd.

Started manufacturing and sales of chemicals for plating

1969
Introduced our own electrolytic silver recycling equipment aheadof the industry, making it possible to recycle silver with efficiency
and high purity

1971

1990
Entered into environmental preservation business other thanphotographic effluents

1993

Enactment of the Waste Management and Public Cleansing Law.

Acquired Specially-controlled Industrial Waste Disposal License.

Required to control the amount of waste discharged and treat itproperly

Establishment of the Basic Environmental Law which forms the
backbone of Japan’s environmental policy

Became a specified contractor with Photo Treatment andEnvironmental preservation System of Fuji Photo Film Co., Ltd.

Opened overseas office to meet the needs for the
local collection of precious metal scrap in accordance with overseas business development of ourcustomers in Japan and listed on the stock market.

1974
Opened Fukuoka Office. Thereafter followed by offices andplants throughout the country

1994

1975

Established Asahi G&S Sdn. Bhd. in Malaysia

Acquired Industrial waste disposal license from Kobe City
(Detoxification of Photographic Effluent Treatment)
Developed a compact electrolytic silver recovery device “PLATA”

1978

1997
Merged five group companies and changed their names into
Asahi Pretec Corp.

1998

Completed Head Office building in Higashi-Nada-Ku, Kobe

Transferred headquarters operations to Sannomiya, Kobe City

Registration of environmental measurement certification office

Established Technical Research Center
Started manufacturing of dental alloy− 37 −

1999

2008

Acquisition of ISO9002 certification with Technical Research Center

Established Japan Waste Corporation(Changed registration to ISO9001 in 2002)

Acquired Fuji Rozai Co., Ltd.

Made initial public stock offering on over-the-counter market
Carrying on with challenges in aspiring to be a leading
company in the eco-business that contributes to society
through its businesses.

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

In response to the growing diversification of customer needs in the industrial waste treatment,
promoted to expansion of the dealing items andservice provision area through M&A.

2001
Acquired Sansho Co., Ltd., Daimon Co., Ltd., and Eco-MaterialCo., Ltd.

2002
Promoted to the 1st Section of the Tokyo Stock Exchange
The 50th Anniversary

2003
Shanghai Asahi Pretec Co., Ltd., established in China

2004
Acquired Nihon Chemitech Co., Ltd.

2009
Asahi Holdings, Inc. newly listed after transferring to a holding
company
Launched glass recycling business at JW Glass Recycling after
acquiring a part of the glass recycling business from Iyo Glass2010
Established a joint-venture in China, Jiangmen Asahi Pretec
Kanfort Environmental Management Co., Ltd.
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

2011
Launched E-scrap business
Acquired Usuda Manufacturing Co., Ltd.
Acquired Kyodo Chemical Co., Ltd.

2012
Acquired INTER CENTRAL, INC.

2005

Shioiri Kenzai Co., Ltd. merged into Fuji Rozai Co., Ltd.

Acquired Shioiri Kenzai Co., Ltd.

2013

Expanded auto-catalyst recycle business
Daimon Co., Ltd. merged to Nihon Chemitech Co., Ltd.

2006
Acquired Iyotec Co., Ltd.

Established Asahi Pretec Taiwan Co., Ltd. in Taiwan
Established a joint-venture, Asahi Shih Her Technologies Co., Ltd.
in Taiwan
Opened The Representative Office of Asahi Pretec Corp. in Ho
Chi Minh City, Vietnam

Acquired Nishiki Kosan Co., Ltd.

Sansho Co., Ltd. changed its name to JW Logistics Co., Ltd.

Eco-Material Co., Ltd. merged to Nihon Chemitech Co., Ltd.

Established Taiwan Factory of Asahi Pretec Taiwan Co., Ltd.

Established Asahi Pretec Korea Co., Ltd. in Korea

2007
Established the Tokyo Head Office in Marunouchi, Chiyoda-ku, Tokyo

2014
Acquired KOEIKOGYO CO., LTD.

Merged Nishiki Kosan Co., Ltd.
Acquired Taiyo Chemical Co., Ltd.
Acquired part of the environmental business from SANIXINCORPORATED, established Kitakyushu Office− 38 −

Reference

ASAHI HOLDINGS GROUP COMPANIESAsahi Pretec Corp.
Precious Metal Recycling
Collect, refine and recycle precious and rare metals used in a variety of areas such as electronics, auto catalyst, LCD panel
display, dentistry, jewelry, photography and so forth

Environmental Preservation
Waste treatment and other environmental preservation<Domestic Base>● Usuda Manufacturing Co., Ltd.

● Asahi Pretec Taiwan Co., Ltd.

Precious Metal Recycling

Precious Metal Recycling

Engaged in the precision cleaning and degreasing business ofcomponents and risen wafer cases from semiconductor manufacturing equipment and precious metal collection/analysis

Collect precious metals from electronics component manufacturers etc.
and recycle them at the local plant4063-1 Shigeno-Otsu, Tomi City, Nagano Prefecture 389-0512 Japan

No. 17-2, Datong Rd., Hukou Township,
Hsinchu Country, 30352 Taiwan (R.O.C.)

TEL:+81-(0)268-62-4533 FAX:+81-(0)268-62-4534

TEL:+886-(0)3-597-0622 FAX:+886-(0)3-597-0625

URL:http://www.usuda-jp.com/● Asahi Shih Her Technologies Co., Ltd

Precious Metal Recycling<Overseas Bases>
Precious Metal Recycling

Joint venture with Shih Her Technologies Inc., a leading company inthe precision cleaning business in Taiwan. Precision cleaning andprecious metal recycling from jigs and tools of electronics, semiconductor and LED manufacturing equipmentsCollect and recycle precious metals from a wide range of areas including
the electronics industry and dentistry, etc.

No. 17-2, Datong Rd., Hukou Township, Hsinchu Country, 30352
Taiwan(R.O.C.)

Seoul#501, City Air Tower, 159-9, Samsung-Dong, Gangnam-Gu,
Seoul, 135-973 South Korea● Asahi G&S Sdn. Bhd. (Malaysia)● Asahi Pretec Korea Co., Ltd.

Precious Metal Recycling

Chungju
Chungju 1 Sadan, 1131-2 Yongtan-dong, Chungju-si,
Chungcheongbuk-do, 380-250 South Korea
TEL:+82-(0)43-723-2503 FAX:+82-(0)43-723-2525
URL:http://asahipretec.co.kr/

Recycle precious metals from electronic components / local jewelry
manufacturers
Plot 65, Lintang Bayan Lepas 6, Phase IV, Non FTZ,
Beyan Lepas, Penang, 1900 Malaysia
TEL:+60-(0)4-646-1292 FAX:+60-(0)4-646-2292● Shanghai Asahi Pretec Co., Ltd.
● The Representative Office ofPrecious Metal Recycling

Asahi Pretec Corp. in Ho Chi Minh City

Collect precious metals from mainly Japanese IT manufacturers
established in China and recycle them at the local plant

Precious Metal Recycling

No.419 Sub-Chuhua Road, Fengxian Sub-zone, Shanghai Chemical
Industry Park, Shanghai, 201417 China

Market research and local support in Precious Metal Recycling
Business

TEL:+86-(0)21-5744-8158 FAX:+86-(0)21-5744-8168

R. 8022.2 Vietnam Business Center
57-59 Ho Tung Mau, Ben Nghe Ward,
District 1, Ho Chi Minh City, Vietnam− 39 −

Japan Waste Corporation
Environmental Preservation

1. Transform waste oil into fuel2. Transform sludge ,etc., into cement materials
3. Transform waste wood from construction materials into fuel for biomass power generation
4. Efficiently separate and treat by crushing such industrial waste such as waste plastics from industrial sites
5. Clean and treat hazardous waste deposited on semiconductor manufacturing devices and various laboratory facilities
6. Conduct extensive industrial waste treatment and other environmental preservation business, integrated with affiliatedcompanies under control of Japan Waste<Subsidiaries>● Nihon Chemitech Co., Ltd.

● Iyotec Co., Ltd.

Environmental Preservation

Workers Dispatch/Contracting

1. Intermediate treatment and detoxification by microbial treatment ofindustrial waste from manufacturers of semiconductor, electronics
components, etc.
2. Microbial treatment, dewatering and reduction of organic liquid
waste discharged from food manufacturers, restaurants etc.
Compost production from dewatered sludge cake5-1-39 Ryoke, Kawaguchi City, Saitama Prefecture 332-0004 Japan
TEL:+81-(0)48-222-8711 FAX:+81-(0)48-222-8719
URL:http://nihon-chemitech.co.jp/

Temporary staffing service, recruiting and contracting business to
manufacturing companies
3rd Floor, Yomiuri Nikkei Bldg.
799-2 Higashi-Futami, Futami-Cho, Akashi City,
Hyogo Prefecture 674-0092 Japan
TEL:+81-(0)78-941-3377 FAX:+81-(0)78-941-3388
URL:http://www.iyotec.co.jp/● Taiyo Chemical Co., Ltd.

● JW Glass Recycling Co., Ltd.

Environmental Preservation

Environmental Preservation

1. Incinerate and neutralize waste oil and liquids yielded fromelectronics components and photography industries
2. Incinerate medical wastes from hospitals, etc.
106-2 Ishitani-Cho, Kagoshima City, Kagoshima Prefecture, 899-2701 Japan
TEL:+81-(0)99-278-1783 FAX:+81-(0)99-278-4463
URL:http://www.taiyo-kagaku.com/

Recycling of sheet glass and glass bottles
4-3-2 Shin-kiba Koto-ku, Tokyo 136-0082 Japan
TEL:+81-(0)3-3521-6303 FAX:+81-(0)3-3521-6305
URL:http://www.jwglass.co.jp/● Fuji Rozai Co., Ltd.

Furnace Repair● Kyodo Chemical Co., Ltd.

Demolishing work and regular repairment of glass manufacturing
furnances, waste incinerators, etc.

Environmental Preservation Business1. Collection, transportation and intermediate treatment (neutralization) of industrial waste and specially-controlled industrial waste.
2. Treatment of liquid waste and film collection from printing platecompanies, hospitals etc.
2-4-5 Shinmei-Cho, Tomakomai City, Hokkaido 053-0055 Japan
TEL:+81-(0)144-55-2277 FAX:+81-(0)144-55-2838
URL:http://kyka.co.jp

Construction
Civil engineering work of rivers, roads, bridges and tunnel, etc. Contract
construction of water and sewerage and demolishing work

Environmental Preservation
Collect, transport, treat intermedialy and recycle fire-proof bircks, etc.
8th Floor, Nishi-Kamata NS Bldg. 6-36-11 Nishi-Kamata,Ota-ku, Tokyo 144-0051 Japan
TEL:+81-(0)3-3735-8111 FAX:+81-(0)3-3733-2479
URL:http://www.fujirozai.co.jp/● INTER CENTRAL, INC.

Environment Preservation
Manufacture and sales of heating equipment and construction anddesign of radiant air-conditioning systems
417-1 Tokusagawa, Takizawa City Iwate Pref. 020-0173 Japan
TEL:+81-(0)19-688-1031 FAX:+81-(0)19-688-1030
URL:http://www.i-central.co.jp/● Ecomax Co., Ltd.

Environmental Preservation
Concrete solidification treatment of combustion residue, dust andsludge, etc., produced by incineration treatment facilities, etc.
1590-4 Tabata, Samukawa-cho, Koza-gun,
Kanagawa Prefecture 253-0114 Japan
TEL:+81-(0)467-75-1044 FAX:+81-(0)467-75-1217
URL:http://www.eco-max.co.jp/● KOEIKOGYO CO., LTD.

Environment Preservation
Design, construction and maintenance of facilities for disasterprevention, air-conditioning and sanitation
191-2 Kashio-cho, Totsuka-ku, Yokohama City,
Kanagawa Prefecture 244-0812 JAPANTEL:045-826-1145 FAX:045-826-1149
URL:http://www.koei-kogyo.com/company/● JW Logistics, Co., Ltd.

Environmental Preservation
Collect and transport industrial waste and specially-controlledindustrial waste
4-1 Daikoku-cho, Tsurumi-ku, Yokohama City, 230-053 Japan
TEL:+81-(0)45-718-5181 FAX:+81-(0)45-510-3450
URL:http://www.san-shou.co.jp/− 40 −Asahi Holdings, Inc.
11F Sapia Tower,
1- 7 -12 Marunouchi, Chiyoda-ku,
Tokyo 100 - 0005, Japan
TEL : + 81 - 3 - 6270 - 1833
Website : http://www.asahiholdings.com
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