Editorial Policy
On the Publication of the Kanematsu Integrated Report 2023

Contents

In the Kanematsu Integrated Report 2023, in order to highlight our particular features as a trading company, we have particularly focused on 1. Reinforcing Groupwide management and 2. Human capital management, seeking to communicate the organizational strength of the Kanematsu Group and the strength
provided by all the individuals within the Group.
In terms of reinforcing Groupwide management, the report focuses on the Group’s redoubledefforts—spurred by the recent addition of Kanematsu Electronics Ltd. and Kanematsu SustechCorporation as wholly owned subsidiaries—to work as one toward solving social issues, in particular
accelerating digital transformation (DX) and green transformation (GX), and highlights initiatives aimed
at the achievement of future 135 and beyond. As for human capital management, the report explains thecharacteristics and strengths of our human capital, the Group’s greatest asset, as well as challenges in thisarea, in light of the Group’s newly established Human Capital Policy.
In preparing this report, we referenced various relevant guidelines and responses to surveys regarding previous reports, with cooperation from departments across the Company and discussion at theBoard of Directors to ensure a proper editing process and the appropriateness of the report’s content.
The Kanematsu Group will continue to use its Integrated Report as a tool for dialogue with shareholders, investors, and other stakeholders, working to enhance disclosure and increase enterprise value.

2 Opening Feature
Strengthening Groupwide
Management
The Origins of Value Creation

Shuji Masutani
Director, Executive Officer,
Chief Officer, Finance(PR & IR), Accounting,Business Accounting

The Kanematsu Group’s Value Creation

Our Organizational Strength
Reinforcing Groupwide Management
Management oriented around creating shared value / Completion of future 135• Business aimed at solving social issues• Reinforcing Groupwide management

Message from the Chair of theSustainability Management Committee• DX strategy

p34

Opening Feature: Strengthening
Groupwide Management

Message from the Digital Transformation Committee Chair• GX strategy
p30

Dialogue between the Chairman and Outside Directors

Business Model and Business Development

Message from the CFO
Message from the Chief Officer of Human Resources
Message from the Digital Transformation Committee Chair
Message from the Green Transformation Committee Chair
Special Feature: Innovation Investment

p28

p80〜• Expanding our role in the supply
chain
p14

Motor
Vehicles &Aerospace

Steel,
Materials &Plant

p24

Investment in innovation(seeds)• Market creation
Message from the President& CEO

p16

Special Feature: Innovation
Investment

p32• Business expansion through M&Aand business alliances future 135 Medium-Term Vision

Editorial Policy
The content of the Kanematsu Group’s integrated
reports is based on an integrated reporting approachthat references the International Integrated Reporting
Framework of the IFRS Foundation, the Guidance forCollaborative Value Creation of theMinistry of Economy, Trade andIndustry, and ISO 26000. We hopethat the report will help readersdeepen their understanding of theKanematsu Group.

p9• President Miyabe’s Passion

MeatProducts• Investment in new businesses• Promoting awareness of the
Corporate Principle
Corporate Principle

Grain,
Oilseeds &Feedstuff

Foods

Human capitalmanagement

p16• Human Capital Policy
p26

Human Capital Management

p49

p50

Scope of Report
September 2023
April 1, 2022 to March 31, 2023 (fiscal 2023)(Includes some information about events outside
the period covered)
Scope of coverage:
Kanematsu Corporation and the Kanematsu
Group
Accounting standards: JGAAP for the year ended March 2014 andearlier and IRFS for the year ended March 2015
and after, unless otherwise noted
Published:
Period covered:

36 The Key Issues and Our Activities /65

Sustainability Management Committee

the Chairman and an Outside Director

38
40 Addressing the Five Key Issues
40		 Building a Sustainable Supply Chain
40 The Kanematsu Group’s Supply Chain Management
42 Initiatives to Ensure Respect for Human Rights
45		 Decarbonization Initiatives
Progress on Key Issues

66
7678

49		 Creating an Environment That Enables Diverse Work Styles
49 Human Capital Management
50 Human Resource Development
54 Work Environments for Employees

Non-financial
information

Corporate GovernanceCorporate Officers
Business Segments

808284868890

Social Contribution through Our Operations

Kanematsu’s
Disclosure

Messages from the Outside Audit & Supervisory BoardMembers

The Process of Identifying Key Issues

48		 Mutual Development with Local Communities

Message from the Chief
Officer of Human Resources

Human Resource Development / Work Environments
for Employees

62 Dialogue between

Disclosure based on the TCFD Recommendations• Increasing engagement throughhuman resource development
and work environment
improvement

p22

Forward-Looking Statements
This integrated report contains statementsregarding the Kanematsu Group’s plans,strategies, and expectations for future
performance. Such statements are inherently
subject to risk and uncertainty. Actual results
could diverge materially from the Group’s
projections due to changes in the economic
and market environment surrounding theGroup’s business areas, such as exchange rate
fluctuation.

Message from the President& CEO

34 Message from the Chair of the92
94
96
97

Electronics & Devices
Foods
Meat Products
Grain, Oilseeds & Feedstuff
Steel, Materials & Plant
Motor Vehicles & Aerospace

Financial and ESG Highlights
Management’s Discussion and Analysis
Major Group Companies
Corporate Profile

IR Disclosure

Financialinformation

The Kanematsu Group strives to ensure transparency
and foster dialogue through prompt, accurate, andfair disclosure to all stakeholders.

Corporate website

https://www.kanematsu.co.jp/en/• Corporate Governance Report(Japanese only)• Integrated Report• Corporate Profile• Shareholder Newsletter(Japanese only)

Kanematsu’s Foundations

Kanematsu
Group'sStrength• Robust financial base andgrowth investment

Kanematsu’s Foundations

p62

The Kanematsu Group’s Value Creation

Electronics& Devices• Network expansion

Message from the CFO

future 135 Medium-Term Vision

Value Creation Processp2

Strength fromindividuals

Stable earnings base / Added value /Expansion of scale

Business Model andBusiness Development

222426283032

The Kanematsu Group’s History• Reinforcing corporate governance

Message from the Green Transformation
Committee ChairBusiness Segments

The Kanematsu Group’s Origins / Who We Are

The Origins of Value Creation

16 Message from the President &CEO

8101214• Financial Statements /Quarterly Reports• Financial Summary• Financial Highlights/
Supplementary Materials• Financial Overview (briefingpresentation materials)• General Meeting of Shareholders (once a year)• Financial Results Briefing (twice a year)• Meetings of institutional investors and analysts
with the President & CEO and/or CFO
KANEMATSU Integrated Report 2023

1