COMPANY OVERVIEWManagement philosophy
ShinMaywa Group will contribute tothe overall well-being of humanity,
bringing unstinting innovation for a stable society
and positive living environment.

Long-term vision
To respond to global society needs,
we will be a true value co-creation company
that advances urban, transportationand environmental infrastructures.

ESG / SDGs

Contributing to the overall well-being of humanity
With the ShinMaywa Group Philosophy as a basis, the ShinMaywa Group uses soundand transparent management to engage in business activities that are in harmony
with society and the environment. The group's Sustainability management policy
sets out eight perspectives on issues relating to Environmental, Social, and Corporate
Governance (ESG) as part of the group's commitment to enhancing our corporate
The ShinMaywa Group supports
the Sustainable Development
value sustainably and promoting Sustainability management*.
Goals.
The ShinMaywa Group works in a variety of business fields related to social
infrastructure and is uniquely positioned to contribute to achieving the aims of the Sustainable Development
Goals (SDGs). The group fulfills its social responsibilities by working to solve common issues shared by thecompany and society through its business activities.

Sustainability management policy

EEnvironmentalSSocialG

Corporate Governance

1 Products / Services E S G
Tackle the challenge of solving social issues, create new value and contribute to the sustained development ofsociety through the provision of safe, high-quality products and services

2 Global Society S
Contribute to the development of countries and cities by working to solve global problems related to urban,
transportation and environmental infrastructure through our businesses

3 Global Environment EReduce our global environmental burden among our all processes in our corporate activities

4 Supply Chain E S G
Promote purchasing that helps the environment, human rights, and ethics, in conjunction with our business partners

5 Stakeholders S G
Increase the transparency of our management through the appropriate disclosure of information and sincere
dialog, constructing a relationship of trust with all stakeholders

6 Governance and Risk Management G
Construct an effective governance system to prepare for threats to our corporate activities

7 Human Resources Training / Innovation S
Foster a sound organizational culture that respects diversity and generates new innovation
Case study Create a welcoming workplace in which everyone feels motivated tomake a contribution
ShinMaywa Heartful, Ltd. is a special subsidiary established with the aim of providing employment
opportunities to people with disabilities. It is contributing to the operational efficiency of ShinMaywa Groupthrough the digitalization of documents and a variety of printing operations. ShinMaywa Heartful has
facilitated the creation of working environments in which employees with disabilities can thrive. ShinMaywa
Heartful helps these employees to maximize their potential, secure stable employment for a long period oftime and make an active contribution to the ShinMaywa Group.
As part of our efforts to foster an environment in which employees feel motivated to make an active
contribution, the ShinMaywa Group also has an in-house awards system and holds regular competitions inwhich employees can test the skills that they hone on a daily basis.

An office atShinMaywa Heartful, Ltd.

8 Local Communities S
Actively interact with local communities to contribute to our co-existence and their development
Case study Participation in JICA’s J-PRISM project

The ShinMaywa Group has supported the Japan International Cooperation Agency (JICA) in the provision oftraining as part of the Project for Promotion of Regional Initiative on Solid Waste Management (J-PRISM)
since 2011. Through training on basic operations and safety when working with refuse compactors, thegroup has supported government and municipal workers in the Pacific region, Asia and Latin America intheir efforts to improve their institutional waste management capacity. In 2015, the group also participatedin JICA’ s grassroots project Establishing Separate Collection System of Household Waste in Cooperation withPublic and Private Sectors Based on a New 3Rs (Reduce, Reuse, Recycle and Return) Concept. On-site training
on the operation of ShinMaywa refuse compactors was provided in Honiara City in the Solomon Islands.
On-site training in Honiara City
(These activities were suspended in 2020 as a result of the COVID-19 pandemic.)* Sustainability management: The term for business management as a whole that achieves sustainable growth with a view to the long termOur businesses

Safe, smooth, eco-friendly transportation

Building on over 100 years of history to contributeto the overall well-being of humanity, as a true value-co-creationcompany advancing innovation and technology

ShinMaywa grasps evolutions in the logistics, automobile, and aviation industries to provide
products and services that enable the safe, seamless movement of people and goods.
Vacuum driers for secondary
batteries for automobiles

URBAN

The ShinMaywa story begins with the production of aircraft in 1920. Since then, the company's desire tocontribute to society through manufacturing has seen it create various products and services expanding
across a diverse spectrum of business areas. Today, ShinMaywa’s business activities are centered on fivebusinesses: Special purpose trucks, Parking systems, Industrial machinery and environmental systems,
Fluid and Aircraft. ShinMaywa prides itself on collaborating with its group companies and partners inJapan and around the world to provide integrated solutions that cover development, production, sales
and maintenance. ShinMaywa Group supports the creation of a stable society and positive livingenvironment. It will continue tackle the challenge of creating new value that provides safer, moreconvenient lifestyles through social infrastructure in urban, transportation and environmental fields.
TRANSPORTATION*Icons indicate the applicable business area for each product.

URBAN

Draw out the potential of mobility through connection and contributeto the creation of secure, convenient, and smart urban infrastructure

Diverse solutions to makeeffective use of space
Elevator type car
parking system:ELEPARK
ShinMaywa offers a range of car
parking systems to meet eachbuilding’s unique parking needs.
ELEPARK exemplifies this trackrecord by providing practical,
high-quality solutions that improveurban parking in cities all over theworld through their outstanding
safety, reliability andenvironmental performance.

Automatic wire
terminating machines

ENVIRONMENTAL

Through the manufacture of a main wing spar
made principally from lightweight and strong
composite materials, ShinMaywa contributed toimproving the fuel efficiency of the Boeing 787,
reducing the aircraft’s environmental load.

Tail lifts: Tail Gate Lifter series

Rear dump bodies and tipping gear

ShinMaywa’s aircraft passenger boarding bridges are deployed in
airports around the world and provide smooth embarking anddisembarking for passengers. ShinMaywa has contributed to solving
issues faced by airport operators through innovations such as using AI
technology to work towards the deployment of the world’s firstFull-automatic docking system.

Submersible mixers contribute toadvanced wastewater treatment throughuniform mixing that prevents settling ofsludge while also providing impressive
energy efficiency and durability.

ShinMaywa produces a range of equipment
involved in water treatment, contributing to
the cleanliness and circulation of essential
water resources.

Turbo blowers play an indispensable role inthe treatment of wastewater. TurboMAX
provides energy efficiency, low maintenance,compactness and quietness.

Thin film coating systems
These devices contribute to increases
in automobile performance throughuses such as the application ofreflective and protective film coatingsto head lamps on automobiles.

Trailers

Submersible pumps
Submersible pumps transport wastewater intreatment facilities and pumping stations.
The CNWX series combines high efficiency
with impressive pass-through performance.

These trailers enable high-capacity transportation,
reducing their environmental footprint andhelping to alleviate driver shortages.

ENVIRONMENTAL

Contribute to the construction of an environmentally-friendly, safe
and smooth transportation system by promoting the automation ofmeans of transportation

Aircraft passenger boarding bridges: PAXWAYTM

Submersible mixers

Air foil bearing turbo blowers:
TurboMAX

TRANSPORTATION

Supporting smart airport operation

Supporting a comfortable living environment
through water infrastructure

Tail lifts save manual labor and increase
efficiency when loading and unloadingcargo.

These devices play an essential role in
the production of lithium-ion
secondary batteries for electricvehicles, contributing to the realizationof a carbon-free society.

These devices process wires for wire harnesses
found in automobiles and home appliances.
ShinMaywa’s high-speed, high-precision
processing technology is improving
productivity in this area.

Supporting on-site work as a foundation
for urban development
Rear dump bodies and tipping gear are used in locations
such as construction sites to transport sand, crushedstone and other materials. ShinMaywa’s dump
trucks feature proprietary hoist mechanisms
built to withstand the harshest working
conditions, and the company supports
urban and economic development aroundthe world through this rationalization oftransportation.

Main wing spar
for the Boeing 787 Dreamliner

Contribute to environmental conservation and the effective use of resources for a recycling-based
economy by promoting the optimization of waste and domestic waste water treatment systems

Sanitary, efficient waste treatment
Supporting rescue teams
through world-leading performance

ShinMaywa has a long history of making products used to collect and transport waste,contributing to the creation of cleaner cities and environmentally-friendly circular economies.
Wastewater treatment equipment

US-2 STOL searchand rescue amphibians
Combining the characteristics of aircraft
and boats, the US-2 is the world’s
only aircraft capable of takeoff andlanding on rough seas with a wave
height of 3m. These aircraft are used
by Japan’s Maritime Self-Defense
Force and have contributed to lifesaving
missions at sea and on remote islands. Amidst arise in large-scale forest fires, the US-2 is also expected to playa vital role through deployment as a fire-fighting amphibian.

Exploring new frontiers inaircraft technology

This wastewater treatment equipment is used in thepurification of wastewater from treatment facilities
and leverages advanced technology to enableefficient treatment of high-concentration sewage.

The fixed-wing unmanned aerial
vehicle (UAV) XU-S

Refuse storage anddischarger: DUST DRUM

Refuse compactors

This equipment provides effective and sanitarystorage and handling of refuse generated byresidential apartments and commercial facilities.

ShinMaywa's refuse compactors combine
outstanding carrying capacity with excellent safety
during operation and driving.

ShinMaywa has developed the fixed-wing unmanned aerial
vehicle (UAV) XU-S, which utilizes lithium-ion polymer (LiPo)batteries to achieve emission-free long-distance flying. It is
intended for deployment in fields such as environmental
observation, monitoring, and telecommunications.

Financial Highlights (Consolidated)(Thousands of U.S. dollars)

Net sales by segment (As of March 31, 2024)(Thousands of U.S. dollars)

Net Sales

FY2019FY2020

FY2021

FY2022

FY20232,084,691

1,884,922

1,777,242

1,680,414

1,702,390(Thousands of U.S. dollars)

FY2019FY2020

FY2021

FY2022

FY2023

117,762

94,406

86,63969,356

77,917

Operating profit(Thousands of U.S. dollars)

FY2019FY2020

FY2021

FY2022

FY2023

113,537

100,740

96,90073,90080,174

Ordinary profit(Thousands of U.S. dollars)

FY2019FY2020

FY2021

FY2022

FY202367,69349,436

56,61754,58048,21092,503665,720

Others (5%)

Special Purpose
Truck(39%)

211,359
Aircraft(12%)

174,372
Fluid(10%)

Total

1,702,390

284,670

273,766

Industrial Machinery& Environmental Systems(17%)

ParkingSystems(16%)

Numbers in parenthesis show proportions of total sales
by segment (rounded).

U.S. Dollar Amounts
FY2019 FY2020 FY2021 FY2022 FY2023

Profit attributable toowners of parent

U.S. per $ 1.00 (yen)

109

111

122134151

Main businesses by segment
Special purpose truck segment

Parking systems segment

Manufacturing and maintenance ofdump trucks, tail lifts, refuse
compactors, trailers and other special
purpose trucks and relatedcomponents, as well as forestry
equipment

Manufacturing,
maintenance and repairof car parking systems
and aircraft passenger
boarding bridges

Industrial machinery &environmental systems segment
Manufacturing andmaintenance of automatic
wire processors, thin film
coating systems, andenvironmental systems

Fluid Segment

Aircraft segment

OthersManufacturing andmaintenance of water
treatment equipment

Manufacturing andmaintenance of amphibian
aircraft and manufacturingof commercial aircraftcomponents

Construction,
IT-related business,real estate andtemporary personnel
services

Corporate Facts
Corporate Name

ShinMaywa Industries, Ltd.

FoundedNovember 5, 1949

President

Tatsuyuki Isogawa

Head Office

1-1 Shinmeiwa-cho, Takarazuka,
Hyogo, Japan

Paid-up Capital

15,981,967,991 yen

Number of Employees

Consolidated 6,453
Non-consolidated 3,264 (as of March 31, 2024)

WebsiteFacebookInstagram

YouTube(as of March 31, 2024)

Global Network
North America

East Asia

ShinMaywa (America), Ltd.

KOREA VACUUM LIMITED

ShinMaywa (California), Ltd.

ShinMaywa (Shanghai) High-Tech Machinery Co., Ltd.

ShinMaywa Mexico S.A. de C.V.

ShinMaywa (Shanghai) Trading Co., Ltd.

Southeast Asia
ShinMaywa Aerobridge Malaysia Sdn. Bhd.
ShinMaywa (Asia) Pte. Ltd.
ShinMaywa (Bangkok) Co., Ltd.
ShinMaywa Philippines, Inc.
Thai ShinMaywa Co., Ltd.

Catalog No.

H321B

Printed in Japan ‘24.5. 4,100

ShinMaywa (Chongqing) Environmental Solutions Co., Ltd.
Taiwan ShinMaywa Industries Co., Ltd.
TurboMAX Co., Ltd.
Changzhou TurboMAX Environment Technology Co., Ltd.
TurboMAX (ChangZhou) Technology Co., Ltd.
TurboMAX India Private Limited

Contact details
and the latest information
regarding ShinMaywa Group’s
global network: