Although more than 500 corporations and other entities in Japan publish integrated
reports, does corporate management really understand the importance of integrated
reporting and engagement between corporations and institutional investors? In orderto substantiate integrated reports, it is necessary to reexamine whether or not corporations are conducting engagement that increases investor confidence while having avision and purpose based on their own scenario analysis. Moreover, are corporations
involving their stakeholders to reaffirm their purpose? In the case of corporations,leveraging their capital effectively will provide a glimpse of what the future holds. Integrated reports are now also becoming increasingly prevalent in non-corporate sectors in Japan. While financial capital is important, we are beginning to see thepublication of integrated reports by national universities, incorporated administrative
agencies, and other entities, for which other forms of capital and accountability for
output and outcome are vital.
Since establishing the Corporate Value Reporting Lab (CVRL) website in Septem-

Corporate Value Reporting Lab

ber 2015, reporting trends have been undergoing change due to the advent of avariety of guidelines. Frameworks other than the Global Reporting Initiative (GRI) haveTrends in Integrated
Reporting that
Support Sustainable
Growth in Japan 2019

emerged, such as those of the International Integrated Reporting Council (IIRC), theSustainability Accounting Standard Board (SASB), Guidance for Collaborative Value
Creation, and the Task Force on Climate-related Financial Disclosures (TCFD). The
Context blog of AllianceBernstein, an institutional investor, states: “While agencies
like MSCI provide a good framework for an environment, social, and governance(ESG) discussion, we believe that data and ratings don’t tell the full story. To fully
assess ESG issues that companies are facing, investors need to really understandhow their businesses operate. ESG standards are rapidly evolving, which requires
analysts to understand how future changes could affect the business environment.
It also takes a broad perspective across regions and sectors to fully grasp how acompany stacks up against its global peers on ESG criteria.”
February 2020
Corporate Value Reporting Lab

1

Organization name

Report nameFirst year of
implementation

IHI Corp.

Integrated Report 20192015

Aisin Seiki Co., Ltd.

AISIN GROUP REPORT 20192019

AOKI Holdings Inc.

Integrated Report 20192018

Aozora Bank, Ltd.

Annual Report 20192019

Asahi Kasei Corp.

Asahi Kasei Report 20192014

List of Organizations in JapanEngaged in the Publication of SelfDeclared Integrated Reports (2019)

Asahi Group Holdings, Ltd.

Integrated Report 2018

2015

Asahi Holdings, Inc.

Corporate Report 20192018

Ajinomoto Co., Inc.

Integrated Report 2019

2016

ASKA Pharmaceutical. Co., Ltd.

ASKA REPORT 20192014

Astellas Pharma Inc.

Annual Report 2019

2012

Azbil Corporation

azbil report 20192007

Advanex Inc.

*available in Japanese only

2017

Advantest Corp.

Integrated Annual Report 20192019

As of the end of December 2019

Anest Iwata Corp.

Integrated Report 20192019

Amita Holdings Co., Ltd.

Annual Report 20182014

Amuse Inc.

Integrated Report 20192019

Arata Corp.

Integrated Report 20192018

ULVAC, Inc.

ULVAC VALUE REPORT 20192016

awareness of integrated reporting due to the comprehensive inclusion of both financial

Alps Alpine Co., Ltd.

Integrated Report 20192012

and non-financial information.

Alfresa Holdings Corp.

Integrated Report 20192014

Ahresty Corp.

Ahresty Report 2019

2017

Anritsu Corp.

Integrated Report 20192014

Iino Kaiun Kaisha, Ltd.

IINO Report 20192015

Aeon Co., Ltd.

AEON Report 20192009

Aeon Financial Service Co., Ltd.

Annual Report 20192017

Aeon Mall Co., Ltd.

Integrated Report 20192014

E J Holdings Inc.

*available in Japanese only

2019

Iseki & Co., Ltd.

ISEKI Report 20192019

Ito En, Ltd.

Integrated Report 20192019

Itochu Enex Co., Ltd.

Enex Report 2019

2015

ITOCHU Corporation

Annual Report 20192004

Itochu Techno-Solutions Corp.

Integrated Report 20192012

Ibiden Co., Ltd.

Integrated Report 2019

2014

Iwatani Corp.

Corporate Report 20192019

Ushio Inc.

Ushio Report 20192018

Utsunomiya University*available in Japanese only2018

Ube Industries, Ltd.

Integrated Report 20192019

Air Water Inc.

Integrated Report 20192018

AIRDO Co., Ltd.

*available in Japanese only

2018

H.I.S. Co., Ltd.

Corporate Report 2019-2020

2016

H2O Retailing Corp.

Integrated Report 20192018

ANA HOLDINGS INC.

Annual Report 20192018

ECHO ELECTRIC CO., LTD*available in Japanese only

2010

Corporate Value Reporting Lab

Self-declared integrated reports are assessed as such by the Corporate Value Reporting Lab
because they represent integrated reports from an editorial perspective or reflect an(The Corporate Value Reporting Lab replaced the ESG Communication Forum in October 2015).

Trend in the number of organizations in Japan engaged in the publication of self-declared
integrated reports

513
424
277

333

212

1

1

3

7

2004 2005 2006 2007

16

23

31

2008 2009

2010

2011

10

58

91

135

2012 2013 20142015 2016 20172018 2019*	Editorial policy is for integrated reports that are self-described as such and reports that comprehensively relate financial andnon-financial information and use language indicating they were prepared with consideration for integrated reporting to be
counted as self-declared integrated reports.
		 Survey based on listed companies, with non-listed companies and other corporations and entities. Year is based on reportpublication dates and the survey applies principally to companies that adopt an annual reporting cycle. Should we receive no
negative criticism regarding this method, we will continue to employ it next year and onward. Specification of the year that acompany switched to integrated reporting is based on this method.

2

Organization name

Report nameFirst year of
implementation

Organization name

Report nameFirst year of
implementation

Eisai Co., Ltd.

Integrated Report 20192014

Capcom Co., Ltd.

Integrated Report 20192019

AGC Inc.

Integrated Report 20192015

Carlit Holdings Co., Ltd.

*available in Japanese only2015

SG Holdings Co., Ltd.

Annual Report 20192012

Calbee, Inc.

Calbee Report 20192019SCSK Corp.

SCSK Report 20192018

Kawasaki Kisen Kaisha, Ltd.

“K” LINE REPORT 20192018

S.T. Corporation

Creating Corporate Value Report 20192015

Kawasaki Heavy Industries, Ltd.

Kawasaki Report 20192014

SBI Holdings, Inc.

Annual Report 20192013

THE Kansai Electric Power Co.,Inc.

Kansai Electric Power Group Report 20192013

SBS Holdings, Inc.

BUSINESS & CSR REPORT 20192018

Kansai Paint Co.,Ltd.

Integrated Report 20192013

NEC Capital Solutions Ltd.

Integrated Report 20192018

Kandenko Co., Ltd.

CORPORATE REPORT 20192011

NEC Networks & System Integration Corp.

Annual Report 20192014

Japan Post Insurance Co., Ltd.

Annual Report 20192019

NS United Kaiun Kaisha, Ltd.

NS United Report 20192016

Kanro Inc.

KANRO CORPORATE REPORT 20192018

NTN Corporation

NTN Report 2019

2015

Gig Works Inc.

*available in Japanese only2019

NTT Data Corp.

Annual Report 20192010

KITZ CORPORATION

Corporate Report 20192016

NTT Docomo, Inc.

Integrated Report 20192016

Kito Corp.

Annual Report 20192013

Ebara Foods Industry, Inc.

*available in Japanese only

2016

Canon Inc.

Sustainability Report 20192015

Ebara Corp.

Integrated Report 20192019

Kyushu Electric Power Co., Inc.

Annual Report 20192019

FP Corp.

FP Corporation Report 20192015

Kyushu Railway Co.

Annual Report 20192016

MS&AD Insurance Group Holdings, Inc.

Integrated Report 20192015

Kyudenko Corp.

Integrated Report KYUDENKO REPORT 20192017

Oji Holdings Corporation

Integrated Report 20192015

Kewpie Corp.

Integrated Report 20192019

OSG Corp.

OSG Report 2018

2013

Kyosan Electric Manufacturing Co., Ltd.

CORPORATE REPORT 20192019

Osaka Gas Co., Ltd.

Annual Report 20192018

Kyocera Corp.

Integrated Report 20192018

Osaka Water Supply Authority*available in Japanese only

2018

Kyoto University

Financial Report 20192019

Otsuka Holdings Co., Ltd.

Integrated Report 2018

2017

KYOWA EXEO CORPORATION

Corporate Report 20192018

Obayashi Corporation

Corporate Report 20192018

Kyowa Kirin Co., Ltd.

Annual Report 20182012

Okasan Securities Group Inc.

*available in Japanese only

2012

Kyorin Holdings, Inc.

Annual Report 20192013

Okayama University

Integrated Report 20192016

Kirin Holdings Co., Ltd.

KIRIN CSV REPORT 20192015

Oki Electric Industry Co., Ltd.

OKI Report 20192019

KUBOTA Corporation

KUBOTA REPORT 20192015

Okumura Corp.

*available in Japanese only

2016

Kumagai Gumi Co., Ltd.

Corporate Report 20192011

Autobacs Seven Co., Ltd.

Integrated report 20192019

Kuraray Co., Ltd.

Kuraray Report 20192018

Ono Pharmaceutical Co., Ltd.

Corporate Report 20192018

Kurita Water Industries Ltd.

Integrated Report 20192018

Ohara Inc.

OHARA Report 20192015

Kurimoto, Ltd.

KURIMOTO REPORT 20192019

OMRON Corporation

Integrated Report 20192014

Gunze Ltd.

*available in Japanese only

2014

Orix Corp.

INTEGRATED REPORT 20192012

The Gunma Bank, Ltd.

THE GUNMA BANK REPORT 2019

2018

Olympus Corp.

Integrated Annual Report 20192016

Keihanshin Building Co., Ltd.

Corporate Report 20192019

Kao Corp.

Integrated Report 20192018

KH Neochem Co., Ltd.

Corporate Report 20192018

Kaga Electronics Co., Ltd.

Integrated Report 20192017KDDI CORPORATION

Integrated Report 20192019

Kaken Pharmaceutical Co., Ltd.

Corporate Report 20192018

KYB Corp.

Integrated Report 20192012

Kagome Co., Ltd.

INTEGRATED REPORT 20192018

Konoike Transport Co., Ltd.

Integrated Report 20192019

Casio Computer Co., Ltd.

Integrated Report 20192017

Kobe Steel, Ltd.

Integrated Report 20192019

Kajima Corp.

Integrated Report 20192019

Kobe University*available in Japanese only

2018

Kanamoto Co., Ltd.

INTEGRATED REPORT 20192014

Kokusai Pulp & Paper Co., Ltd.

Integrated Report 2019

2019

KANEMATSU CORPORATION

Integrated Report 20192019

Inpex Corp.

Annual Report 20192017

Kanematsu Electronics Ltd.

*available in Japanese only

2017

Cosmo Energy Holdings Co., Ltd.

COSMO REPORT 2019

2014

3

Organization name

Report nameFirst year of
implementation

Organization name

Report nameFirst year of
implementation

Kose Corp.

KOSÉ REPORT 20192016

The Shimane Bank, Ltd.

*available in Japanese only

2016

Konica Minolta, Inc.

Integrated Report 20192018

Shimizu Corp.

Corporate Report 2019

2017

Kobayashi Pharmaceutical Co., Ltd.

Integrated Report 20182015

Jaccs Co., Ltd.

Annual Report 20192016

Komatsu Ltd.

KOMATSU REPORT 20192018

Sharp Corp.

Annual Report 20192016

Comany Inc.

Integrated Report 20192013

The Juroku Bank, Ltd.

Annual Report 20192019

Komeri Co., Ltd.

*available in Japanese only

2019

JUKI Corp.

Corporate Report 20192019Penta-Ocean Construction Co., Ltd.

Annual Report 20192019

Mitsui O.S.K. Lines, Ltd.

MOL Report 20192015

Concordia Financial Group, Ltd.

Annual Report 20192014

Showa Denko K.K.

SHOWA DENKO Report 20192018

Kondotec Inc.

Integrated Report 20192017

Joshin Denki Co., Ltd.

*available in Japanese only

2017

CyberAgent, Inc.

CyberAgent Way 20192017

Shin-Etsu Chemical Co., Ltd.

Annual Report 20192018

Sakata Inx Corp.

*available in Japanese only

2018

Shinsei Bank, Ltd.

Integrated Report 20192016

Sapporo Holdings Ltd.

Integrated Report 2018

2018

Shin Nippon Air Technologies Co., Ltd.

*available in Japanese only

2018

Sato Holdings Corp.

Integrated Report 20192018

Skylark Holdings Co., Ltd.

Integrated Report 20182013

Sawai Pharmaceutical Co., Ltd.

Integrated Report 2019

2014

SCREEN Holdings Co., Ltd

Annual Report 20192015

The San-in Godo Bank, Ltd.

Annual Report 20192015

Suzuki Motor Corp.

Annual Report 20192010

SANKI ENGINEERING CO.,LTD.

SANKI REPORT 20192019

Suzuken Co., Ltd.

One Suzuken Report 20192019

Sangetsu Co., Ltd.

SANGETSU REPORT 2019

2012

SUBARU Corp.

Annual Report 20192016

Sanken Electric Co., Ltd.

Sanken Report 20192015

Sumitomo Chemical Co., Ltd.

Annual Report 20192013

Sango Co., Ltd.

SANGO Group Report 20192019

Sumitomo Metal Mining Co., Ltd.

Integrated Report 20192015

Santen Pharmaceutical Co., Ltd.

Annual Report 20192018

Sumitomo Rubber Industries, Ltd.

Sumitomo Rubber Group Report 20192016

Sun Messe Co.,Ltd.

*available in Japanese only

2017

Sumitomo Heavy Industries, Ltd.

Integrated Report 20192018

SANYO DENKI CO.,LTD.

Integrated Report 20192013

SUMITOMO CORPORATION

Integrated Report 20192017

Sanwa Holdings Corp.

INTEGRATED REPORT 20192017

SUMITOMO LIFE INSURANCE COMPANY

Annual Report 2019

2013

JSR Corp.

JSR Report 20192016

Sumitomo Osaka Cement Co., Ltd.

Integrated Report 20192012

JSP Corp.

Annual Review 20192019

Sumitomo Bakelite Co., Ltd.

Integrated Report 20192019

JXTG Holdings, Inc.

Integrated Report 20192019

Sumitomo Riko Co., Ltd.

Integrated Report 20192019

JFE Holdings, Inc.

JFE Group REPORT 20192015

Sumitomo Forestry Co., Ltd.

Integrated Report 20192014

J-OIL MILLS, Inc.

J-Oil Mills Report 20192018

Seikagaku Corp.

Corporate Report 20192017

JCR Pharmaceuticals Co., Ltd.

Annual Report 20192014

Seiko Epson Corp.

Integrated Report 20192018

JTEKT Corp.

JTEKT Report 20192016

Seiko Holdings Corp.

VALUE REPORT 20192017

JVC Kenwood Corp.

JVCKENWOOD Report 20192016

Seibu Holdings Inc.

Annual Report 20192019

J.Front Retailing Co., Ltd.

Annual Report 2019

2014

SEGA SAMMY HOLDINGS INC.

Integrated Report 20192018

GS Yuasa Corp.

GS Yuasa Report 20192016

Sekisui Chemical Co., Ltd.

Integrated Report 20192013

Shionogi & Co., Ltd.

Integrated Report 20192016

Sekisui House, Ltd.

Sustainability Report 20192016

The Shiga Bank, Ltd.

ANNUAL REPORT 20192007

Japan Petroleum Exploration Co., Ltd.

Corporate Report 20192015

CKD Corp.

CKD Report 20192016

Septeni Holdings Co., Ltd.

Integrated Report 2018

2016

SHIKOKU ELECTRIC POWER CO.,INC.

Integrated Report 20192019

Seven & i Holdings Co., Ltd.

Seven & i Management Report 20192019

The Shizuoka Bank, Ltd.

Integrated Report 20192013

Seven Bank, Ltd.

Annual Report 20192016

Sysmex Corp.

Sysmex Report 20192019

Senshukai Co., Ltd.

*available in Japanese only

2010

Shiseido Company, Limited

Annual Report 2018

2015

Sohgo Security Services Co., Ltd.

Integrated Report 20192016

The 77 Bank, Ltd.

Integrated Report 2019

2011

Sojitz Corporation

Integrated Report 20192015

Shimadzu Corp.

Shimadzu Report 20192018

Sodick Co., Ltd.

Integrated Report 2018

2010

4

Organization name

Report nameFirst year of
implementation

Organization name

Report nameFirst year of
implementation

Sony Corporation

Corporate Report 20192016

Chiba University*available in Japanese only

2019

Sony Financial Holdings Inc.

Annual Report 20192019

Chugai Pharmaceutical Co., Ltd.

Annual Report 20182013

Softbank Group Corp.

Annual Report 20192019

Chubu Electric Power Co., Inc.

Annual Report 20192012

Solaseed Air Inc.

*available in Japanese only

2015

University of Tsukuba*available in Japanese only

2019

Sompo Holdings, Inc.

ANNUAL REPORT 20192014

Tsubakimoto Chain Co.

2019 Integrated Report

2010

DKS Co., Ltd.

DKS Report 20192016

Tsumura & Co.

Integrated Report 20192018

Daiichi Sankyo Co., Ltd.

Value Report 20192013

TIS Inc.

Integrated Report 20192016

The Dai-ichi Life Insurance Co., Ltd.

*available in Japanese only

2014

DIC Corp.

DIC Report 20192017

Dai-Ichi Life Holdings, Inc.

Annual Report 20192017

T&D Holdings, Inc.

Integrated Report 20192015

Daio Paper Corp.

Integrated Report 20192017

TS TECH CO.,LTD.

TS TECH Report 20192012

Taikisha Ltd.

CSR Report 20192018

T-Gaia Corp.

INTEGRATED REPORT 20192015

Daikin Industries, Ltd.

Annual Report 20192017

Teijin Ltd.

Integrated Report 20192015

Daiken Corp.

DAIKEN Group Report 20192016

TDK Corp.

Annual Report 2018

2016

Taisho Pharmaceutical Holdings Co., Ltd.

Annual Report 20192015

Dexerials Corp.

Integrated Report 20192019

Taisei Corporation

ANNUAL REPORT 20192012

Technopro Holdings, Inc.

Integrated Report 20192017

Daicel Corp.

Annual Report 20192017

Terumo Corp.

Terumo Report 2019

2014

Dai-Dan Co., Ltd.

DAI-DAN REPORT 2019-2020

2014

Denka Co., Ltd.

Denka REPORT 20192013

Daito Trust Construction Co., Ltd.

Integrated Report 20192014

Electric Power Development Co., Ltd.

Integrated Report 20192017

Dydo Group Holdings, Inc.

Integrated Report 20192017

Denso Corp.

Integrated Report 20192016

DYNAM JAPAN HOLDINGS Co.,Ltd.

Annual Report 20192017

Dentsu Inc.

Integrated Report 20192016

Dai Nippon Printing Co., Ltd.

Integrated Report 20192018

Toa Corp.

Annual Report 20192019

Dainippon Sumitomo Pharma Co., Ltd.

Integrated Report 20192011

Toagosei Co., Ltd.

Toagosei Group Report 20192017

Dai Nippon Toryo Co., Ltd.

*available in Japanese only

2019

Tokai Carbon Co., Ltd.

ANNUAL REPORT 20182019

Daibiru Corp.

Daibiru Report 20192019

Tokai Tokyo Financial Holdings, Inc.

Integrated Report 20192017

Daifuku Co., Ltd.

Daifuku Report 20192018

Tokai Rika Co., Ltd.

Tokai Rika Report 20192017

Taiho Kogyo Co., Ltd.

*available in Japanese only

2015

Tokyu Corp.

Integrated Report 20192019

Taiyo Nippon Sanso Corp.

Integrated Report 20192017

Tokyu Construction Co., Ltd.

Integrated Report 20192017

Taiyo Yuden Co., Ltd.

TAIYO YUDEN Report 20192018

Tokyu Fudosan Holdings Corp.

2019 Integrated Report

2016

Daiwa Securities Group Inc.

2019 Integrated Report

2012Tokyo Ohka Kogyo Co., Ltd.

Integrated Report 20182019

Daiwa House Industry Co., Ltd.

Integrated Report 20192016

Tokio Marine Holdings, Inc.

Integrated Annual Report 20192015

Takasago Thermal Engineering Co., Ltd.

Corporate Report 20192017

Tokyo Gas Co., Ltd.

Integrated Report 20192019

TAKARA & COMPANY Ltd.

*available in Japanese only

2017

Tokyo Kiraboshi Financial Group, Inc.

Annual Report 20192019

Tomy Co., Ltd.

Annual Report 20192018Tokyo Century Corp.

Integrated Report 20192016

Takara Holdings Inc.

TaKaRa Group Report 20192018

The University of Tokyo*available in Japanese only

2018

Takara Leben Co.,Ltd.

Annual Report 20192017

Tokyo Tatemono Co., Ltd.

Integrated Report 20192019

C.I. Takiron Corp.

Integrated Report 20192019Tokyo Electric Power Company Holdings, Inc.

Integrated Report 20192017

Takeda Pharmaceutical Company Limited

Sustainable Value Report 20192006

Tokyo Dome Corp.

*available in Japanese only

2014

Takenaka Corporation

Corporate Report 20192014

Toshiba Corp.

Integrated Report 20192014

Duskin Co., Ltd.

CORPORATE REPORT 20192016

Toshiba Tec Corp.

Integrated Report 20192019

Tadano Ltd.

Integrated Report 20192018

Tosoh Corp.

Tosoh Report 20192019

Mitsubishi Tanabe Pharma Corporation

Corporate Report 20192013

TOTO LTD.

Integrated Report 20192009

The Chiba Bank, Ltd.

Integrated Report 20192019Toho Gas Co., Ltd.

Integrated Report 2019

2018

5

Organization name

Report nameFirst year of
implementation

Organization name

Report nameFirst year of
implementation

Toho Titanium Co., Ltd.

*available in Japanese only

2016

Nippon Sheet Glass Co., Ltd.

Integrated Report 20192018

Tohoku Electric Power Co., Inc.

Integrated Report 20192018

NGK Insulators, Ltd.

NGK Report 20192016

Toyo Construction Co., Ltd.

*available in Japanese only

2014

Nippon Gas Co., Ltd.

Integrated Report 20192019

TOYO DENKI SEIZO K.K.

Toyo Denki Seizo Report 20192013

Nippon Kayaku Co., Ltd.

Integrated Report 20192016

Toyobo Co., Ltd.

TOYOBO Report 20192019

The Japan Wool Textile Co., Ltd.

*available in Japanese only

2017

Toray Industries, Inc.

Integrated Annual Report 20192019

Nippon Chemi-Con Corp.

CHEMI-CON REPORT 2019

2017

TODA CORPORATION

Corporate Report 20192013

Nippon Chemiphar Co., Ltd.

Corporate Report 20192015

Toppan Printing Co., Ltd.

Integrated Report 20192018

Japan Airlines Co., Ltd.

JAL REPORT 20192013

Toppan Forms Co., Ltd.

Integrated Report 2019

2015

NIHON KOHDEN CORPORATIONNIHON KOHDEN REPORT 20192017

Topy Industries Ltd.

TOPY Report 20192012

CMK Corp.

*available in Japanese only

2018

Tobishima Corp.

Corporate Report 2019-2020

2017

Nippon Shokubai Co., Ltd.

TechnoAmenity Report 20192019

Topcon Corp

TOPCON REPORT 20192016

Nippon Signal Co., Ltd.

NIPPON SIGNAL REPORT 20192015

Toho Co., Ltd.

*available in Japanese only

2017

Nippon Shinyaku Co., Ltd.

Annual Report 20192012

Toyo Kanetsu K.K.

TKK Report 20192019

NSK Ltd.

NSK Report 20192016

TOYODA GOSEI CO.,LTD.

Toyoda Gosei Report 2019

2009

Development Bank of Japan Inc.

Integrated Report 20192007

Toyota Motor Corp.

Annual Report 20192016

Nippon Paper Industries Co., Ltd.

Integrated Report 20192019

Toyota Industries Corporation

Toyota Industries Report 20192008

Nippon Steel Corp.

Integrated Report 20192019

Toyota Tsusho Corp.

Integrated Report 20192015

Nippon Life Insurance Company

NISSAY ANNUAL REPORT 20192016

TOYOTA BOSHOKU CORPORATION

Toyota Boshoku Report 20192009

ZEON CORPORATIONCORPORATE REPORT 20192013

Torishima Pump Mfg. Co., Ltd.

Torishima Report 20192016

Nihon Chouzai Co., Ltd.

Corporate Report 20192016

NAGASE & CO., LTD

Integrated Report 20192013

NEC Corporation

Integrated Report 20192013

Nabtesco Corp.

Nabtesco Value Report 2018

2014

Nippon Electric Glass Co., Ltd.

Integrated Report 20182018

Nankai Electric Railway Co., Ltd.

*available in Japanese only

2019

JEOL Ltd.

Integrated Report 2019

2019

Niigata University*available in Japanese only

2019

Nippon Telegraph And Telephone Corp.

Annual Report 20192014

Nikon Corp.

NIKON REPORT 20192014

The Nippon Road Co., Ltd.

*available in Japanese only

2019

West Japan Railway Co.

Integrated Report 20192019

NGK SPARK PLUG CO., LTD.

Integrated Report 20192017

Nishimatsu Construction Co., Ltd.

Corporate Report 20192016

Japan Exchange Group, Inc.

JPX Report 20192014

Nichi-iko Pharmaceutical Co., Ltd.

Integrated Report 20192019

NHK SPRING CO., LTD.

NHK Spring Report 2019

2008

NICHICON CORPORATION

Integrated Report 2019

2013

Nh Foods Ltd.

Integrated Report 20192018

Nichirei Corp.

Integrated Report 20192016

Nippon Pillar Packing Co., Ltd.

CSR Report 20192018

JGC Corp.

JGC Report 20192015

Nippon Paint Holdings Co., Ltd.

Integrated Report 2019

2016

Nikkiso Co., Ltd.

Integrated Report 20182018

Japan Post Holdings Co., Ltd.

Annual Report 20192018

Nikko Co., Ltd.

Nikko Corporate Report 20192019

Nippon Yusen Kabushiki Kaisha

NYK Report 20192013

Nissan Chemical Industries, Ltd.

Integrated Report 20192018

Nihon Unisys, Ltd.

Integrated Report 20192015

Nissha Co., Ltd.

Nissha Report 20192015

Nitori Holdings Co., Ltd.

Annual Report 20192017

The Nisshin Oillio Group, Ltd.

*available in Japanese only

2015

Net One Systems Co., Ltd.

Annual Report 20192018

Nissin Foods Holdings Co., Ltd.

ANNUAL REPORT 20192015

Nomura Co., Ltd.

Annual Report 20192014

Nisshin Seifun Group Inc.

Intergrated Report 20192019

Nomura Research Institute, Ltd.

Integrated Report 20192014

Nisshinbo Holdings Inc.

Integrated Report 20192017

Nomura Real Estate Holdings, Inc.

Integrated Report 20192014

Nitto Denko Corporation

Nitto Group Report 20192007

Nomura Holdings,inc.

Nomura Report 20192012

Nitto Boseki Co., Ltd.

Integrated Report 20192019

Noritake Co., Ltd.

NORITAKE CORPORATE REPORT 20192019Japan Asia Group Ltd.

Integrated Report 20192016

Noritz Corp.

NORITZ REPORT 2019

2015

6

Organization name

Report nameFirst year of
implementation

Organization name

Report nameFirst year of
implementation

House Foods Group Inc.

Integrated Report 20192019

Fuyo General Lease Co., Ltd.

Integrated Report 20192018

Hakuhodo DY Holdings Inc.

Integrated Report 20192017

Brother Industries, Ltd.

Brother Communication Report 20192015

The Hachijuni Bank, Ltd.

2019 Annual Report

2017

Bridgestone Corp.

ANNUAL REPORT 20182016

Panasonic Corp.

Annual Report 20192015

Prima Meat Packers, Ltd.

*available in Japanese only

2019

Parco Co., Ltd.

Integrated Report 20192015

Furukawa Co., Ltd.

Annual Report 20192019

Hankyu Hanshin Holdings, Inc.

Integrated Report 20192019

Furukawa Electric Co., Ltd.

Sustainability Report 20192012

Bandai Namco Holdings Inc.

Integrated Report 20192017

The Furukawa Battery Co., Ltd.

FURUKAWA BATTERY Report 20192018

Pan Pacific International Holdings Corp.

Integrated Report 20192015

Freund Corporation

FREUND Report 20192013

Hanwa Co., Ltd.

Integrated Report 20192019

Heiwa Paper Co., Ltd.

*available in Japanese only

2017

East Nippon Expressway Company Limited

NEXCO EAST Report 20192017

Benesse Holdings, Inc.

Benesse Integrated Report 20192013

Pigeon Corp.

Integrated Report 20192016

Hokuetsu Corp.

Corporate Report 20192014

Hitachi Chemical Co.,Ltd.

Annual Report 20192012

Hokuriku Electric Power Co.

Integrated Report 20192019

Hitachi Capital Corp.

Hitachi Capital Report 20192015

Hokkaido Electric Power Co., Inc.

Hepco Group Report 20192018

Hitachi Metals, Ltd.

The Hitachi Metals Group Report 20192016

Hodogaya Chemical Co., Ltd.

Integrated Report 20192017

Hitachi Construction Machinery Co., Ltd.

CSR & Financial Report 20192011

Pola Orbis Holdings Inc.

Corporate Report 20182014

Hitachi, Ltd.

Integrated Report 20192016

Horiba, Ltd.

HORIBA Report 20182014

Hitachi Zosen Corp.

Integrated Report 20192018

Honda Motor Co., Ltd.

Sustainability Report 20192018

Hitachi High-Technologies Corp.

Integrated Annual Report 20192015

Maxell Holdings, Ltd.

Integrated Report 20192015

Hitachi Transport System, Ltd.

Annual Report 20192015

Matsuda Sangyo Co., Ltd.

*available in Japanese only

2016

PwC Japan Group*available in Japanese only

2013

Monex Group, Inc.

Integrated Report 20192014

Bic Camera Inc.

*available in Japanese only

2019

Marui Group Co., Ltd.

Co-Creation Management Report 20192015

Hitotsubashi University*available in Japanese only

2019

Maruha Nichiro Corp.

*available in Japanese only

2019

The Hyakugo Bank, Ltd.

Annual Report 20192019

Marubeni Corporation

Integrated Report 20192013

Hulic Co., Ltd.

CSR Report 20192014

Mandom Corp.

Mandom Report 20192018

The Hiroshima Bank, Ltd.

HIROGIN Report 2019 Integrated Report

2019

Mie University*available in Japanese only

2019

Fancl Corp.

FANCL Report 20192015

Misawa Homes Co., Ltd.

F2019 Environment Report

2017

Fisco Ltd.

FISCO REPORT 2017

2017

Mizuho Financial Group, Inc.

2019 Integrated Report

2015

The Fukui Bank, Ltd.

*available in Japanese only

2019

Mizuho Leasing Co., Ltd.

INTEGRATED REPORT 20192017

University of Fukui*available in Japanese only

2019

Mitsui E&S Holdings Co., Ltd.

Integrated Report 20192015

Fukuoka Financial Group, Inc.

Annual Report 20192019

Mitsui Chemicals, Inc.

Mitsui Chemicals Report 20192015

Fukushima Galilei Co., Ltd.

*available in Japanese only

2019

Mitsui Mining and Smelting Co., Ltd.

Integrated Report 2019

2019

FUJI Corp.

Annual Report 20192016

Sumitomo Mitsui Financial Group, Inc.

2018 ANNUAL REPORT

2016

Fujikura Ltd.

Annual Report 20192014

Sumitomo Mitsui Construction Co., Ltd.

Corporate Report 20192015

Fuji Pharma Co., Ltd.

Corporate Report 20192019

Sumitomo Mitsui Trust Holdings, Inc.

2019 Integrated Report –Annual Report–

2017

Fuji Oil Holdings Inc.

Integrated Report 20192018

Mitsui-Soko Holdings Co., Ltd.

Value Report 20192019

Fujita Kanko Inc.

Integrated Report 20182016

MITSUI & CO., LTD.

Annual Report 20192018

Fujitsu General Ltd.

*available in Japanese only

2019

Mitsui Fudosan Co., Ltd.

Annual Report 20192015

Fujicco Co., Ltd.

*available in Japanese only

2016

Mitsuuroko Group Holdings Co., Ltd.

*available in Japanese only

2015

Fujitec Co., Ltd.

Fujitec Report 20192019

Isetan Mitsukoshi Holdings Ltd.

Integrated Report 20192018

FUJI ELECTRIC CO., LTD.

FUJI ELECTRIC REPORT 20192011

Mitsubishi Gas Chemical Co., Inc.

Corporate Report 20192018

Fujifilm Holdings Corp.

Integrated Report 20192017

Mitsubishi Chemical Holdings Corporation

KAITEKI Report 20192013

Funai Soken Holdings Inc.

*available in Japanese only

2018

Mitsubishi Heavy Industries, Ltd.

MHI REPORT 2019

2014

7

Organization name

Report nameFirst year of
implementation

Organization name

Report nameFirst year of
implementation

Mitsubishi Corporation

Integrated Report 2019

2011

Lintec Corp.

Integrated Report 20192015

Mitsubishi Paper Mills Ltd.

Corporate Report 20192015

Leopalace21 Corp.

Integrated Report 20192014

Mitsubishi Research Institute, Inc.

MRI Group Report FY2018

2014

Royal Holdings Co., Ltd.

Integrated Report 20192019

Mitsubishi Estate Co., Ltd.

Integrated Report 20192018

Lawson, Inc.

Integrated Report 20192013

Mitsubishi Materials Corp.

Integrated Report 20192018

Rohm Co., Ltd.

Integrated Report 20192012

Mitsubishi UFJ Lease & Finance Co., Ltd.

Corporate Report 20192014

YKK CORPORATIONThis is YKK 20192018

Mitsubishi UFJ Financial Group, Inc.

MUFG Report 20192015

YKK AP Inc.

Integrated Report 20192019Minebea Mitsumi Inc.

Integrated Report 20192018

WACOL HOLDINGS CORP.

Integrated Report 20192011

Miraca Holdings Inc.

Integrated Report 20192018

Murata Manufacturing Co., Ltd.

Murata value report 20192018

Meiji Holdings Co., Ltd.

Integrated Report 20192018

Meiji Yasuda Life Insurance Company

Annual Report 20192015

MEIDENSHA CORPORATIONMEIDENSHA REPORT 20192013

Metawater Co., Ltd.

METAWATER REPORT 20192015

Medipal Holdings Corp.

Annual Report 20192015

Menicon Co., Ltd.

Integrated Report 20192018

Mebuki Financial Group, Inc.

Annual Reports 20192019

Mochida Pharmaceutical Co., Ltd.

*available in Japanese only

2018

Morinaga Milk Industry Co., Ltd.

Integrated Report 20192015

Yaoko Co., Ltd.

YAOKO REPORT 2019

2018

YASKAWA Electric Corporation

YASKAWA Report 20192012

Yasuhara Chemical Co., Ltd.

*available in Japanese only

2016

Yahoo Japan Corp.

Integrated Report 20192018

Yamada Denki Co., Ltd.

Integrated Report 20192016

Yamaha Corp.

Annual Report 20192018

Yamaha Motor Co., Ltd.

Integrated Report 20182019

Japan Post Bank Co., Ltd.

Annual Report 20192017

UACJ Corporation

UACJ Report 20192015

Megmilk Snow Brand Co., Ltd.

Megmilk Snow Brand Report 20192018

UNITED ARROWS LTD.

Integrated Report 20192013

Unicharm Corp.

Integrated Report 20192015

Familymart Uny Holdings Co., Ltd.

Integrated Report 20192012

Yokogawa Electric Corp.

2019 YOKOGAWA Report

2015

Yoshinoya Holdings Co., Ltd.

Corporate Report 20192014

Yorozu Corp.

Integrated Report 20192019

Lion Corp.

Annual Report 20182016

Raito Kogyo Co., Ltd.

*available in Japanese only

2018

Rakuten, Inc.

Corporate Report 20182019

LIXIL Group Corporation

Annual Report 20192013

Recruit Holdings Co., Ltd.

Annual Report 20192017

Ricoh Company, Ltd.

Integrated Report 20192012

Resona Holdings, Inc.

Integrated Report 20192016

If there are any companies that are already producing integrated reports that wish to be
included on this list, please contact our administrative office(info@cvrl-jp.com).

8