Carbon Neutrality (Scope 1 and 2)
Achieved at Headquarters and A1 Factory

KANUMA, December 21, 2022

ContactNakanishi Inc. (TSE: 7716, President and Group CEO: Eiichi Nakanishi, “NSK”) hereby
announces that it has achieved carbon neutrality at headquarters and the A1 Factory
and acquired an assurance report from a third-party organization to verify thisdeclaration.

Investors
Daisuke Suzuki

Corporate Vice President & Group CFO

Masatoshi Akiya

Since acquiring ISO 14001 *1 in 1999, NSK, a corporation that is globally active in the dental, surgical andindustrial business fields, has maintained a commitment to fostering the belief that companies are dutyboundto fulfill their responsibility to society and thereby continued to promote initiatives to realize a sustainable
society. Under these circumstances, from December 1, 2021, NSK began introducing initiatives towardachieving “Zero CO2 Manufacturing” *2 by switching 100% of the electricity used at headquarters and A1
Factory to renewable energy generated from solar and wind power. NSK successfully offset greenhouse gas
emissions by utilizing carbon credits created under the J-Credit Scheme and achieved carbon neutrality under
the GHG Protocol *3 Scope 1 and 2*4 at headquarters and A1 Factory as it proceeded to accumulate initiatives
to reduce greenhouse gas emissions, including installing solar panels at the new A1+ Factory, updating aging
equipment, and expanding the scope of application for eco-friendly product packaging. In addition, NSK
acquired third-party assurance confirming that it has achieved Scope 1 and 2 carbon neutrality as provided bySOCOTEC Certification Japan, attained through a verification process based on international standards withreference to the specifications for the demonstration of carbon neutrality (PAS 2060) *5 established by theBritish Standards Institution (BSI).

Headquarters

Head of Corporate Communication

ir@nsk-nakanishi.co.jp

MediaNobue Ebihara

Corporate Communication Specialist

Kazuki Takagi

Corporate Communication Specialist

pr@nsk-nakanishi.co.jp

A1 Factory and A1+ Factory*1: International accreditation standard for environmental management systems established by the International Organization for Standardization (ISO).
*2: Scope 2 carbon neutrality was achieved by switching 100% of the electricity used at the NSK’s production sites to renewable energy.
*3: International standard for calculating and reporting greenhouse gas emissions.
*4: “Scope 1” refers to direct greenhouse gas emissions by the reporting company itself. “Scope 2” refers to indirect emissions from the use of energy(electricity, etc.) provided by others.
*5: Specifications for the demonstration of carbon neutrality created and issued by the BSI.

NSK is continuing to promote the Green Plan 2030 medium-term plan formulated in 2021. Defining the response toclimate change as a matter of utmost importance, NSK determined the reduction target of greenhouse gasemissions from its business activities at domestic production sites (Scope 1 and 2) based on the calculationof greenhouse gas emissions and the results of these calculations and is making steady progress on eachrelevant initiative in turn. Having achieved Scope 1 and 2 carbon neutrality, NSK will move forward togradually examine the potential for reducing greenhouse gas emissions throughout the entire supply chain
by responding to indirect greenhouse gas emissions (Scope 3) and expanding the scale of focus to include
NSK’s overseas subsidiaries. NSK will continue to adopt continuing initiatives to realize a sustainable societyand carry out the best value exchange with all stakeholders.
Climate Change Initiatives by NSKMay 2021

Calculation of greenhouse gas (GHG) emissions.

Aug. 2021

Issued Sustainability Report 2021. Revised the targets of Green Plan 2030 upward.

Dec. 2021

Switched to 100% renewable energy for electricity at headquarters and A1 Factory. Achieved Scope 2 carbon neutrality.

Aug. 2022

Issued Sustainability Report 2022.

Sep. 2022

Purchased J-Credits through forest sink project. Achieved Scope 1 carbon neutrality.

Oct. 2022

Acquired third-party certification of Scope 1 and 2 carbon neutrality at headquarters and A1 Factory.

Note:
This document is a translation of the original Japanese document and is only for reference purposes. All readers arerecommended to refer to the original version in Japanese of the release for complete information.
source:Nakanishi Inc. www.nakanishi-inc.jp/release/

About Nakanishi Inc.
To achieve the mission of “To create
brilliant progress via innovative
grinding technology,” NSK has
continued to hone the three coretechnologies of high-speed rotary
technology, ultrasound technology
and micro motor technology.
Using these core technologies, NSK
will continue to provide innovative
products in the dental, surgical andindustrial fields, and keep
contributing toward the creation of
all kinds of progress, such as
bringing inspiration, happiness,benefits and joy to society andpeople.
NSK has three main locations fordevelopment and production; RD1,
headquarters and A1 factory in
Kanuma, Japan.
The company’s shares are listed in
the Tokyo Stock Exchange.
Visit www.en.nakanishi-inc.jp
for more information about NakanishiInc. and our products.

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