Leveraging the Supply System Innovation (an initiative designed to ensure sustainable wage growth and overcome deflation) and the Human Resources Development revolution (revolution for developing human resources) as two driving forces,
the Japanese government declared its intentions in December 2017 to draw on theresults of recent economic growth to create a foundation for a more secure society,and then use this foundation to spur further economic growth. In doing so, the government has proposed a scenario for establishing a virtuous cycle of growth andreturns. Amid ongoing corporate governance reforms, the Ministry of Economy,
Trade and Industry (METI) has established the Forum for Integrated Corporate­Disclosure and ESG Dialogue and has promptly undertaken initiatives in line withthis action.
In October 2017, the Government Pension Investment Fund (GPIF) revised its
investment policies to promote ESG-focused investments in not only stocks but

Corporate Value Reporting Lab

also in other types of assets. Becoming a signatory for the Principles for Responsible Investment (PRI) in 2015, the GPIF adopted ESG indices targeting domestic

Integrated Reporting
to Support
SustainableGrowth in Japanstocks in July 2017. In total, the GPIF selected and invested in three indices (two“broad” indices and one “thematic” index) that incorporate stocks in considerationof ESG factors and based on the information disclosed by corporations. The GPIF
has also commenced passive investment to track each of these indices. While
there are various methods for carrying out ESG investments, the indices recentlyadopted by the GPIF make use of “positive screening,” which incorporates stocks
with a high evaluation under ESG-focused criteria established by the index companies. The GPIF has requested that the index companies disclose their criteria forincorporating stocks and has high hopes that the criteria used by these companies
will encourage corporations to improve information disclosure, leading to improved
corporate value within the overall Japanese stock market. Additionally, the criteria
used by the index companies urge asset managers at external asset management
institutions to go beyond passive investment to determine principal ESG factors
and pursue constructive dialogue (engagement) with investee companies. It can besaid that this aspect of the criteria has greatly stimulated the information disclosure
practices of corporations.

1The introduction of the Japanese Fair Disclosure Rule and the European Markets

Throughout February and March 2018, the International Corporate Governancein Financial Instruments Directive II (MiFID II) placed tougher regulations on investors,

Network and the IIRC will hold a series of collaborative events. This means that thewhich in turn significantly impacted the IR activities of Japanese companies. As ainitiatives being pursued in Japan, where two new codes have been introduced, areresult of this effect, analysts are beginning to move away from acquiring hayamimi

garnering significant attention from overseas investors and the IIRC itself. Going

jyoho—a Japanese term referring to information that is given to a specific person as­forward, greater emphasis will be placed on reporting that takes into account thea tip before the information becomes widely known by others—and are placing

impact of the UN Sustainable Development Goals and the Paris Agreement, whilemore importance on investigating a company’s non-financial information throughconsiderable attention will also be paid to the IIRC Framework revisions, which will

corporate analysis. Going forward, it is anticipated that analysts who cannot adapt

be implemented from 2019.

to this trend will gradually be weeded out both in Japan and overseas. In addition,pressure will be put on corporations to voluntarily disclose ESG information throughJanuary 2018

collaborative engagement and other measures, and we will likely see the rapid prolif-Corporate Value Reporting Lab

eration of the “Guidance for Collaborative Value Creation,” an initiative of METI thatmany view as the framework for integrated reporting in Japan. According to asurvey by the ­Corporate Value Reporting Lab (managed by EDGE Research Institute), the sum of listed and non-listed corporations that published self-declated
reports was just over 300 as of December 31, 2017. The initiatives corporations aretaking continue to verge off into two very different directions. On the one hand, weare seeing a number of corporations that are encouraging integrated thinking andstriving to eliminate the “silo” barriers that separate one organization within a company from another. On the other hand, there are corporations whose efforts extend
no further than the publishing of an integrated report. Nevertheless, there is nodoubt that significant changes are beginning to occur grounded in the idea that
information disclosure that properly explains the kind of value a company is creatingfor its customers and employees helps convey an earnest management approach tostakeholders. Around the globe, organizational and management reforms have been
progressing in line with the International Integrated Reporting Council (IIRC)’s plans.
However, in Japan, the influence of integrated thinking has extended into industrial
reforms as well. One example of this is the Study Group for Encouraging Dialogue
between Biotech Venture Businesses and Investors, which was established by METIin November 2017.

2Company nameCorporate Value Reporting Lab

List of Corporations in JapanEngaged in the Publication of SelfDeclared Integrated Reports (2017)
As of the end of December 2017

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 anawareness of integrated reporting due to the comprehensive inclusion of both financial
and non-financial information.
(The Corporate Value Reporting Lab replaced the ESG Communication Forum in October 2015).

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

341
291
220
141115912182004

2005200620072008

2009

26342010

2011

622012962013

2014201520162017*	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 becounted as self-declared integrated reports.		 Survey based on listed companies, with non-listed companies included where possible. Year is based on report publication
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 a company
switched to integrated reporting is based on this method.

Report nameFirst year ofimplementation

IHI Corp.

IHI Integrated Report 2017

2015

Aisin Seiki Co., Ltd.

AISIN GROUP REPORT 2017

2006

Akebono Brake Industry Co., Ltd.

AKEBONO REPORT 2017

2009

Asahi Kasei Corp.

Asahi Kasei Report 2017

2014

Asahi Glass Co., Ltd.

AGC Report 2017

2012

Asahi Group Holdings, Ltd.

Integrated Report 2016

2015

Asahi Industries Co., Ltd.

Asahi Industries Group Report 2017

2013

Ajinomoto Co., Inc.

Integrated Report 2017

2016

ASKA Pharmaceutical. Co., Ltd.

ASKA REPORT 20172014

Astellas Pharma Inc.

Annual Report 2017

2012

Azbil Corporation

azbil report 20172007

Amita Holdings Co., Ltd.

Annual Report 2016

2014

Alpine Electronics, Inc.

Annual Report 2017-2018

2016

ULVAC, Inc.

ULVAC VALUE Report 20172012

Alps Electric Co., Ltd.

Annual Report 2017

2014

Alfresa Holdings Corp.

Integrated Report 2017

2017

Ahresty Corp.

Ahresty Report 2017

2014

Anritsu Corp.

Anritsu Integrated Reporting 20172015

Iino Kaiun Kaisha, Ltd.

IINO Report 2017

2009

Aeon Co., Ltd.

AEON Report 2017

2017

Aeon Financial Service Co., Ltd.

Annual Report 2017

2014

Idemitsu Kosan Co.,Ltd.

IDEMITSU Report 2017

2012

Ito En, Ltd.

ITOEN INTEGRATED REPORT 2017

2015

Itochu Enex Co., Ltd.

Enex Report 2017

2004

ITOCHU Corporation

Annual Report 2017

2012

Itochu Techno-Solutions Corp.

Annual Report 20172014

Ube Industries, Ltd.

Annual Report 20172016

AIRDO Co., Ltd.

*available in Japanese only2016

ANA HOLDINGS INC.

Annual Report 20172010

ECHO ELECTRIC CO., LTD*available in Japanese only

2014

Eisai Co., Ltd.

Integrated Report 20172015

SCSK Corp.

SCSK Report 2017

2015

3

Company name

Report nameFirst year ofimplementation

Company name

Report nameFirst year ofimplementation

S.T. Corporation

Creating Corporate Value Report 2017

2013

KITZ CORPORATION

Corporate Report 20172013

NEC Capital Solutions Ltd.

INTEGRATED REPORT 2017

2014

Kito Corp.

Annual Report 20172015

NEC Networks & System Integration
Corp.

Annual Report 2017

2016

Kyushu Electric Power Co., Inc.

Annual Report 2017

2016

Kyushu Railway Co.

Annual Report 20172017

NS United Kaiun Kaisha, Ltd.

NS United Report 2017

2015

KYOWA EXEO CORPORATION

Corporate Report 20172012

NTN Corporation

NTN Report 2017

2010

Kyowa Hakko Kirin Co., Ltd.

Annual Report 2016

2013

NTT Data Corp.

ANNUAL REPORT 2017

2016

Kyorin Holdings, Inc.

Annual Report 20172015

NTT Docomo, Inc.

Annual Report 2017

2016

Kirin Holdings Co., Ltd.

KIRIN REPORT 2016

2015

NTT Urban Development Corp.

Annual Report 2017

2014

KUBOTA Corporation

KUBOTA REPORT 2017

2011

Ebara Corp.

Integrated Report 20172015

Kurimoto, Ltd.

KURIMOTO REPORT 20172014

FP Corp.

FP Corporation Report 20172015KDDI CORPORATION

Integrated Report 20172012

MS&AD Insurance Group Holdings, Inc.

MS&AD Integrated Report 2017

2015

KPMG Japan

KPMG Japan Our Story 2017/18

2015

Oji Holdings CorporationOji Group Report 2017

2013

IBJ Leasing Company, Limited

INTEGRATED REPORT 2017

2017

Obayashi Corporation

CORPORATE REPORT 2017

2012

Inpex Corp.

Annual Report 2017

2014

Okasan Securities Group Inc.

*available in Japanese only

2016

Cosmo Energy Holdings Co., Ltd.

COSUMO REPORT 2017

2016

Oki Electric Industry Co., Ltd.

Annual Report 2017

2016

Konica Minolta, Inc.

Integrated Report 2017

2015

Ono Pharmaceutical Co., Ltd.

Corporate Report 20172015

Komatsu Ltd.

KOMATSU REPORT 2017

2013

Ohara Inc.

OHARA Report 20172014

Penta-Ocean Construction Co., Ltd.

Annual Report 20172014

OMRON Corporation

Integrated Report 2017

2012

Kokusai Pulp & Paper Co., Ltd.

Integrated Report 2017

2017

Orix Corp.

INTEGRATED REPORT 20172016

Concordia Financial Group, Ltd.

Annual Report 2017

2017

Olympus Corp.

Integrated Annual Report 20172015

Kondotec Inc.

Integrated Report 2017

2017

Chiome Bioscience Inc.

*available in Japanese only

2014

Sato Holdings Corp.

Integrated Report 2017

2014

Kao Corp.

Integrated Report 20172017

Sawai Pharmaceutical Co., Ltd.

Integrated Report 2017

2015

Kagome Co., Ltd.

INTEGRATED REPORT 2017

2017

SANKI ENGINEERING CO.,LTD.

SANKI REPORT 2017

2012

Kajima Corp.

Corporate Report 2017

2014

Sangetsu Co., Ltd.

SANGETSU REPORT 20172015

Kaneka Corp.

Integrated Report 20172017

Santen Pharmaceutical Co., Ltd.

Annual Report 2017

2017

KANEMATSU CORPORATION

Annual Report 20172017

Sun Messe Co.,Ltd.

*available in Japanese only

2013

Capcom Co., Ltd.

Integrated Report 20172015

SANYO DENKI CO.,LTD.

Integrated Report 20172017

Kawasaki Kisen Kaisha, Ltd.

“K” LINE REPORT 20172014

Sanwa Holdings Corp.

INTEGRATED REPORT 20172016

Kawasaki Heavy Industries, Ltd.

Kawasaki Report 20172013

GS Yuasa Corp.

GS Yuasa Report 2017

2016

THE Kansai Electric Power Co.,Inc.

Kansai Electric Power Group Report 2017

2013

JXTG Holdings, Inc.

Integrated Report 20172015

Kansai Paint Co.,Ltd.

Corporate Report 20172011

JFE Holdings, Inc.

JFE Group TODAY 2017

2006

4

Company name

Report nameFirst year ofimplementation

Company name

Report nameFirst year ofimplementation

J-OIL MILLS, Inc.

*available in Japanese only

2014

ThreePro Group Inc.

*available in Japanese only

2016

JCR Pharmaceuticals Co., Ltd.

Annual Report 2017

2016

Seiko Epson Corp.

Integrated Report 2017

2017

JTEKT Corp.

JTEKT Report 2017

2016

SEGA SAMMY HOLDINGS INC.

Business Report 2017

2013

JVC Kenwood Corp.

JVCKENWOOD Report 2017

2014

Sekisui Chemical Co., Ltd.

Integrated Report 2017

2016

J.Front Retailing Co., Ltd.

Annual Report 2017

2016

Sekisui House, Ltd.

Sustainability Report 20172015

Shionogi & Co., Ltd.

Integrated Report 20172007

Japan Petroleum Exploration Co., Ltd.

Corporate Report 20172016

The Shiga Bank, Ltd.

ANNUAL REPORT 20172016

Seven & i Holdings Co., Ltd.

Integrated Report 20172016

SHIKOKU ELECTRIC POWER CO.,INC.

Annual Report 20172013

Seven Bank, Ltd.

Annual Report 20172010

Sysmex Corp.

Sysmex Report 20172015

Senshukai Co., Ltd.

*available in Japanese only

2016

Shiseido Company, Limited

Annual Report 2016

2011

Sohgo Security Services Co., Ltd.

Integrated Report 2017

2015

Shimadzu Corp.

Shimadzu Report 2017

2016

Sojitz Corporation

Integrated Report 20172010

The Shimane Bank, Ltd.

*available in Japanese only

2017

Sodick Co., Ltd.

Annual Report 2017

2016

Shimizu Corp.

Corporate Report 2017

2016

Solaseed Air Inc.

*available in Japanese only

2015

Jaccs Co., Ltd.

Annual Report 20172016

Sompo Holdings, Inc.

ANNUAL REPORT 2017

2014

JUKI Corp.

Corporate Report 2017

2015

DKS Co., Ltd.

*available in Japanese only

2016

Mitsui O.S.K. Lines, Ltd.

Annual Report 2017

2015

Daiichi Sankyo Co., Ltd.

Value Report 20172013

SHOWA SHELL SEKIYU K. K.

Corporate Report 2017

2012

The Dai-ichi Life Insurance Co., Ltd.

*available in Japanese only

2014

SHOWA DENKI CO LTD.

Integrated Report 2017

2012

Daio Paper Corp.

Integrated Report 20172017

Showa Denko K.K.

SHOWA DENKO Report 2017

2017

Daikyo Inc.

DAIKYO INCORPORATED REPORT 20172015

Shin-Etsu Chemical Co., Ltd.

Annual Report 20172016

Daiken Corp.

DAIKEN Group Report 2017

2016

Shin Nippon Air Technologies Co., Ltd.

*available in Japanese only

2013

Taisho Pharmaceutical Holdings Co., Ltd. Annual Report 2017

Skylark Co., Ltd.

Integrated Report 20162015

Taisei Corporation

ANNUAL REPORT 2017

2012

2015

SCREEN Holdings Co., Ltd

Annual Report 20172010

Daicel Corp.

Annual Report 2017

2017

Suzuken Co., Ltd.

One Suzuken Report 2017

2016

Dai-Dan Co., Ltd.

DAI-DAN REPORT 2017

2014

SUBARU Corp.

Annual Report 20172013

Daito Trust Construction Co., Ltd.

Strategy Report 2017

2014

Sumitomo Metal Mining Co., Ltd.

Integrated Report 20172016

Dydo Group Holdings, Inc.

Integrated Report 20172017

Sumitomo Chemical Co., Ltd.

Annual Report 20172015

Daifuku Co., Ltd.

Annual Report 20172017

Sumitomo Heavy Industries, Ltd.

Integrated Report 20172017

DYNAM JAPAN HOLDINGS Co.,Ltd.

Annual Report 20172017

SUMITOMO CORPORATION

Integrated Report 2017

SUMITOMO LIFE INSURANCE COMPANY *available in Japanese only

2013

Dai Nippon Printing Co., Ltd.

Annual Report 2017

2016

2012

Dainippon Sumitomo Pharma Co., Ltd.

Annual Report 20172011

Sumitomo Riko Co., Ltd.

Integrated Report 2017

2014

Pacific Industrial Co., Ltd.

Pacific Report 20172015

Sumitomo Forestry Co., Ltd.

Integrated Report 20172017

Taiho Kogyo Co., Ltd.

*available in Japanese only

2015

5

Company name

Report nameFirst year ofimplementation

Company nameReport nameFirst year ofimplementation

Taiyo Nippon Sanso Corp.

Integrated Report 2017

2017

Tokyo Electric Power Company Holdings, Inc. Integrated Report 2017

Daiwa Securities Group Inc.

2017 Integrated Report

2012Tokyo Dome Corp.

*available in Japanese only

2014

2017

Daiwa House Industry Co., Ltd.

Integrated Report 20172016

Toshiba Corp.

Annual Report 2017

2014

Takasago Thermal Engineering Co., Ltd.

Corporate Report 2017

2017

TOTO LTD.

Corporate Report 20172009

Takara Printing Co., Ltd.

*available in Japanese only

2017

Toho Titanium Co., Ltd.

*available in Japanese only

2016

Takara Leben Co.,Ltd.

Annual Report 20172017

Toyo Engineering Corp.

Integrated Report 2017

2015

2006

Toyo Construction Co., Ltd.

*available in Japanese only

2014

2014

TOYO DENKI SEIZO K.K.

Toyo Denki Seizo Report 20172013

Takeda Pharmaceutical Company Limited Sustainable Value Report 2017
Takenaka Corporation

Corporate Report 2017

Duskin Co., Ltd.

CORPORATE REPORT 2017

2016

TODA CORPORATION

Corporate Report 20172013

Mitsubishi Tanabe Pharma Corporation

Corporate Report 20172013

Toppan Printing Co., Ltd.

Annual Report 2017

2014Chugai Pharmaceutical Co., Ltd.

Annual Report 20162013

Toppan Forms Co., Ltd.

Integrated Report 20172015

Chubu Electric Power Co., Inc.

Annual Report 20172012

Topy Industries Ltd.

TOPY Report 20172012

Tsubakimoto Chain Co.

2017 Corporate Report

2010

Tobishima Corp.

*available in Japanese only

2017

DIC Corp.

DIC Report 2017

2017

Topcon Corp

TOPCON REPORT 2017

2016

T&D Holdings, Inc.

Annual Report 20172015

Toho Co., Ltd.

*available in Japanese only

2017

TS TECH CO.,LTD.

TS TECH Report 2017

2012

TOYODA GOSEI CO.,LTD.

Toyoda Gosei Report 2017

2009

T-Gaia Corp.

INTEGRATED REPORT 20172015

Toyota Motor Corp.

Annual Report 2017

2016

Teijin Ltd.

INTEGRATED REPORT 20172015

Toyota Industries Corporation

Toyota Industries Report 20172008

TIS Inc.

Integrated Report 20172016

Toyota Tsusho Corp.

Integrated Report 2017

2015

TDK Corp.

Annual Report 20172016

TOYOTA BOSHOKU CORPORATION

Toyota Boshoku Report 20172009Technopro Holdings, Inc.

Annual Report 20172017

Torishima Pump Mfg. Co., Ltd.

Torishima Report 20172016

Terumo Corp.

Annual Report 2017

2014

Don Quijote Holdings Co., Ltd.

Integrated Report 20172015

Denka Co., Ltd.

Denka REPORT 2017

2013

NAGASE & CO., LTD

Integrated Report 2017

2013

Electric Power Development Co., Ltd.

Annual Report 20172017

Nabtesco Corp.

Integrated Report 2016

2014

Denso Corp.

Annual Report 2017

2016

Nikon Corp.

NIKON REPORT 20172014

Dentsu Inc.

Integrated Report 20172016

Nishimatsu Construction Co., Ltd.

Corporate Report 20172016

Toagosei Co., Ltd.

Toagosei Group Report 2017

2017

NICHICON CORPORATION

Integrated Report 20172013

Tokai Rika Co., Ltd.

Tokai Rika Report 2017

2017

Nichirei Corp.

Annual Review 20172016

Tokyu Construction Co., Ltd.

*available in Japanese only2017

JGC Corp.

JGC Report 20172015

Tokyu Fudosan Holdings Corp.

Integrated Report 20172016

Nissan Chemical Industries, Ltd.

Annual Report 20172016

Tokio Marine Holdings, Inc.

Integrated Annual Report 20172015

Nissha Co., Ltd.

Nissha Report 2017

2015

Tokyo Century Corp.

Integrated Report 20172016

The Nisshin Oillio Group, Ltd.

*available in Japanese only

2015

6

Company name

Report nameFirst year ofimplementation

Company name

Report nameFirst year ofimplementation

Nissin Foods Holdings Co., Ltd.

ANNUAL REPORT 20172015

Nomura Holdings,inc.

Nomura Report 20172012

Nisshinbo Holdings Inc.

Integrated Report 20172017

Noritz Corp.

NORITZ REPORT 20172015

Nitto Denko Corporation

Nitto Group Report 2017

2007

Hakuhodo DY Holdings Inc.

Annual Report 2017

2017

Nitori Holdings Co., Ltd.

Annual Report 20172017

The Hachijuni Bank, Ltd.

*available in Japanese only

2017

Japan Asia Group Ltd.

*available in Japanese only

2016

Panasonic Corp.

Annual Report 20172015

NGK Insulators, Ltd.

NGK Report 2017

2016

Parco Co., Ltd.

Integrated Report 20172015

Nippon Kayaku Co., Ltd.

Annual Report 20172016

Bandai Namco Holdings Inc.

INTEGRATED REPORT 20172017

The Japan Wool Textile Co., Ltd.

*available in Japanese only

2017

Pigeon Corp.

Annual Report 20172016

Nippon Chemi-Con Corp.

CHEMI-CON REPORT 20172017

Hitachi Chemical Co.,Ltd.

Annual Report 20172012

Nippon Chemiphar Co., Ltd.

CORPORATE Report 20172015

Hitachi Capital Corp.

Hitachi Capital Report 2017

2015

NIHON KOHDEN CORPORATIONNIHON KOHDEN REPORT 20172017

Hitachi Metals, Ltd.

The Hitachi Metals Group Report 20172016

Nippon Koei Co., Ltd.

Corporate Report 20172015

Hitachi Construction Machinery Co., Ltd.

CSR & Financial Report 20172011

Japan Airlines Co., Ltd.

JAL REPORT 20172013

Hitachi, Ltd.

Integrated Report 20172016

Nippon Signal Co., Ltd.

NIPPON SIGNAL REPORT 20172015

Hitachi Zosen Corp.

Annual Report 20172017

Nippon Shinyaku Co., Ltd.

Annual Report 20172012

Hitachi High-Technologies Corp.

Integrated Annual Report 2017

2015

NSK Ltd.

NSK Report 20172016

Hitachi Transport System, Ltd.

Annual Report 20172015

Development Bank of Japan Inc.

Annual Report & CSR Report 2017

2007

Hulic Co., Ltd.

CSR Report 20172014

Nippon Life Insurance Company

NISSAY ANNUAL REPORT 20172016

Fancl Corp.

FANCL Report 2017

2015

ZEON CORPORATIONCORPORATE REPORT 2017

2013

Fisco Ltd.

*available in Japanese only

2017

Nihon Chouzai Co., Ltd.

*available in Japanese only

2016

Fuji Machine Mfg. Co., Ltd.

Annual Report 20172016

NEC Corporation

Annual Report 2017

2013

Fujikura Ltd.

CSR Integrated Report 20172014

Nippon Telegraph And Telephone Corp.

Annual Report 2017

2014

Fujita Kanko Inc.

Integrated Report 20162016

NGK SPARK PLUG CO., LTD.

Integrated Report 2017

2017

Fujitsu Limited

Integrated Report 20172015

Japan Exchange Group, Inc.

JPX Report 2017

2014

Fujicco Co., Ltd.

*available in Japanese only

2016

NHK SPRING CO., LTD.

NHK Spring Report 2017

2008

FUJI ELECTRIC CO., LTD.

FUJI ELECTRIC REPORT 20172011

Nippon Paint Holdings Co., Ltd.

Integrated Report 2017

2016

Fujifilm Holdings Corp.

Integrated Report 20172017

Nippon Yusen Kabushiki Kaisha

NYK Report 2017

2013

Brother Industries, Ltd.

Communication Report 20172015

Nihon Unisys, Ltd.

Integrated Report 2017

2015

Bridgestone Corp.

ANNUAL REPORT 2016

2016

Ncxx Group Inc.

Integrated Report 20172015

Furukawa Electric Co., Ltd.

Sustainability report 20172012

Nomura Co., Ltd.

Annual Report 2017

2014

Freund Corporation

Integrated Report 20172013

Nomura Research Institute, Ltd.

Integrated Report 2017

2014

Heiwa Paper Co., Ltd.

*available in Japanese only

2017

Nomura Real Estate Holdings, Inc.

Integrated Report 2017

2014

Hokuetsu Kishu Paper Co., Ltd.

CORPORATE REPORT 2017

2014

7

Company name

Report nameFirst year ofimplementation

Company name

Report nameFirst year ofimplementation

Pola Orbis Holdings Inc.

Corporate Report 2016

2014

Yasuhara Chemical Co., Ltd.

*available in Japanese only

2016

Horiba, Ltd.

HORIBA Report 20162014Yahoo Japan Corp.

Annual Report 20172017

Maxell Holdings, Ltd.

Integrated Report 20172015

Yamada Denki Co., Ltd.

CORPORATE REPORT 20172016

Matsuda Sangyo Co., Ltd.

*available in Japanese only

2016

Yamato Holdings Co., Ltd.

Integrated Report 2017

2015

Monex Group, Inc.

Integrated Report 2017

2014

Yamaha Motor Co., Ltd.

Annual Report 2016

2013

Marui Group Co., Ltd.

Co-Creation Management Report 20172015

Japan Post Bank Co., Ltd.

Annual Report 20172017

Marubeni Corporation

Integrated Report 2017

2013

UACJ Corporation

UACJ Report 20172015

Misawa Homes Co., Ltd.

CSR Report 2017

2017

UNITED ARROWS LTD.

Integrated Report 2017

2013

Mizuho Financial Group, Inc.

2017 Integrated Report

2015

Unicharm Corp.

Integrated Report 20172015

Mitsui Chemicals, Inc.

Mitsui Chemicals Report 20172015

Familymart Co., Ltd.

Annual Report 20172012

Sumitomo Mitsui Construction Co., Ltd.

Corporate Report 20172015

Yokogawa Electric Corp.

2017 YOKOGAWA Report

2015

Sumitomo Mitsui Trust Holdings, Inc.

2017 Integrated Report -Annual Report-

2017

Yoshinoya Holdings Co., Ltd.

CORPORATE PROFILE 2017

2014

Sumitomo Mitsui Financial Group, Inc.

2017 ANNUAL REPORT

2016

Lion Corp.

Annual Report 20162016

Mitsui Engineering & Shipbuilding Co., Ltd. Corporate Report 20172015

LIXIL Group Corporation

Annual Report 20172013

MITSUI & CO., LTD.

Annual Report 2017

2012

Recruit Holdings Co., Ltd.

Annual Report 20172016

Mitsui Fudosan Co., Ltd.

Annual Report 2017

2015

Ricoh Company, Ltd.

Sustainability Report 20172012

Mitsuuroko Group Holdings Co., Ltd.

*available in Japanese only

Mitsubishi Chemical Holdings Corporation KAITEKI Report 2017

2015

Resona Holdings, Inc.

Intergrared Report 2017

2016

2013

Lintec Corp.

Annual Report 20172015

Mitsubishi Heavy Industries, Ltd.

MHI REPORT 20172014

Leopalace21 Corp.

Annual Report 20172014

Mitsubishi Corporation

Integrated Report 20172011

Lawson, Inc.

Integrated Report 20172013

Mitsubishi Paper Mills Ltd.

Corporate Report 2017

2015

Rohm Co., Ltd.

ROHM Group Report 2017

2012Mitsubishi Research Institute, Inc.

*available in Japanese only

2014

WACOL HOLDINGS CORP.

Integrated Report 20172011

Mitsubishi Estate Co., Ltd.

ANNUAL REPORT 20172016

Mitsubishi UFJ Financial Group, Inc.

MUFG Report 20172015

Mitsubishi UFJ Lease & Finance Co., Ltd. Corporate Report 2017

2014

Meiji Holdings Co., Ltd.

Annual Report 2017

2014

Meiji Yasuda Life Insurance Company

Annual Report 2017

2015

MEIDENSHA CORPORATIONMEIDENSHA REPORT 20172013

Metawater Co., Ltd.

METAWATER REPORT 20172015

Medipal Holdings Corp.

Annual Report 2017

2015

Morinaga Milk Industry Co., Ltd.

Annual Report 2017

2015

YASKAWA Electric Corporation

YASKAWA Report 20172012

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