March 25, 2015
To whom it may concern:
Company Name: Asahi Holdings, Inc.
Representative: Mitsuharu Terayama, President & CEO(Code: 5857, First Section of the Tokyo Stock Exchange)
Contact: Keitaro Shigemasa, Director(Phone: 03-6270-1833)

Overview of the Seventh Medium-Term Management Plan
The company has formulated its Seventh Medium-Term Management Plan (April 2015 throughMarch 2018) that begins in FY 2015, and the Board of Directors Meeting held today passed aresolution thereto, and notice thereof is hereby given as follows.

Details1.

Slogan of the Seventh Medium-Term Management Plan

Pursuing growth and efficiency: achieving 50% profit growth and minimum 13% ROE for FY 20172.

Consolidated performance goals
FY2015FY2016

FY 2017(ending March 2016)(ending March 2017)(ending March 2018)

Sales¥125billion¥150billion¥170billion

Operating profit¥11billion¥14billion¥16billion

Operating profit ratio

8.8%

9.3%

9.4%

ROE

13.0%

14.8%

15.4%

 The company plans to voluntarily apply International Financial Reporting Standards (IFRS)
starting in FY 2016.
 The above figures do not include future M&A activity.

3.

Basic direction① Accelerated growth via new business areas② Enhancement of the profitability of core business③ Promotion of global management-1-4.

Summary of key measures① Operating profit in the final fiscal year (FY 2017) is to be grown by 50% compared to FY
2014.
② "Minimum 13% ROE for FY 2017" is to be achieved through selection and concentration ofmanagement resources along with increased operating efficiency.
③ Total investment of 15 billion yen (excluding M&A) during the three years funded by cash
flow during the period.
④ During each fiscal year, 30–35% of current net profit shall be allotted for return toshareholders.
⑤ Starting June 2015, a transition to the company with a committee governance structure
including at least three Outside Directors shall be made, strengthening corporate
governance.
⑥ Voluntary application of International Financial Reporting Standards (IFRS) shall begin in
FY 2016.
⑦ The business continuity systems of every Group company shall be reexamined, and risk
management shall be strengthened.
⑧ Precious metals business segment: As it is the Group's core business, the competitiveness ofeach Japanese domestic business shall be enhanced. Along with working to expand thebusiness base in North America, we shall work on expansion of new fields in Asian markets.
Along with raising awareness of the “Asahi Refining” brand, we shall expand processing
volumes of recycling raw materials in the global market.
⑨ Environmental preservation business segment: As it is a stable growth business of theGroup, profitability shall be emphasized, and active capital expenditure shall be performed.
M&A of companies that can contribute to growth will continue.
⑩ Life and health business segment: Through new business development, the opening of newsales channels, and the building of a unique business model, it shall be set on the path ofbusiness growth as the Group's third business pillar.

[Explanatory note to these materials]
Statements regarding future performance targets in this document are based on information held by Asahi
Holdings at this time and on certain assumptions judged reasonable; various uncertainties are inherent. Dueto various factors, actual performance may differ from what is found in this document.

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