C O R P O R AT E
2024-2025

P R O F I L E

The procurement capabilities of a trading company
and the creative capabilities of a manufacturer.
We continue to take up challenges and evolve today,
more than 96 years since our founding.

Business method
cultivated in Kanazawa

Greetings
Since starting out in coal wholesale when we were founded in
1928, we have grown into a conglomerate engaged in business in
six segments. I believe that in the future, it will be important toaim at maximizing our strengths as a conglomerate and expand
and deepen the areas of overlap where our businesses cooperatewith each other. I also hope to pour effort into creating a businessclimate in which each employee takes the initiative to bring thatabout. Bringing together the expertise of each of our employees,
we will solve the increasingly sophisticated and complicatedchallenges faced by our clients.
Our strong desire is to be a company that demonstrates thatcollective strength.
Since our founding, Mitani Sangyo has been striving to create
harmony among our suppliers, local communities, shareholders,

employees and directors, and other stakeholders, centered on
doing business with our customers. I believe that what isnecessary to preserve this identity of Mitani Sangyo is that we are
a company capable of constant change. In this age whereparadigm shifts happen repeatedly in very short periods of time, Iwant us to be a company that has the strength and ﬂexibility torespond quickly to changes and meet our clients expectations
under the circumstances at any given time. At the same time, wealso want to be a good company that can continue to create value
and contribute to society from a long-term perspective.

Kanazawa, the hometown of Mitani
Sangyo, is home to both traditional
crafts passed down from the feudal
government period (17th to 19thcentury), including Kaga Yuzen silk
dyeing, lacquer work, Kutani pottery,and gold foil, and modern art as
found at the 21st Century Museumof Contemporary Art, Kanazawa.

You might say that the Mitani-ismsof “Pursuit of well-balanced andtruly optimal solutions” and “aculture of not recoiling fromchange but constantly pursuingand taking up the challenge” weredeveloped in this locality marked
by such a history and climate.

Our aim has been and will continue to be to have our clients beglad that Mitani Sangyo is around. We recognize increasing thenumber of opportunities for that to happen as our mission, and wewill work to change ourselves ahead of the times.

P resi dent & C EO

01

The area is also home to a number ofindustrial and art universities, as wellas many companies with technologies
that support modern industry and meetthe needs of society.
Kanazawa is centrally located at thejunction where engineering, art, anddesign meet.

T ad ateru Mi tan i

02

Business Overview of Mitani Sangyo Group
With the responsibility of delivering a stable supply of reliable
and safe energy, we propose frameworks which efﬁciently
utilize our limited natural resources.

With complex problem-solving capabilities utilizing the functionsof a trading company and a manufacturer, we solve challenges
together with our clients and cultivate new markets.
Sales ofchemicals

Sales ofresin materials

Contracted manufacturing andsales of functional materials

Production and sales of active pharmaceuticalingredients and intermediates

Recovery and effective utilizationof organic and inorganic materials

Chemicals

Consultation and coordination concerningchemical and environmental issues

EnergySales ofpetroleum products

Sales ofLP gas

Sales of LP gas appliancesand housing equipment

Sales of renewableenergy equipment

Consulting and coordination related
to energy and the environment［Business Location］Ishikawa / Toyama / Fukui［Business Location］Tokyo / Aomori / Nagano / Aichi / Ishikawa / Toyama / Osaka
Vietnam（Dong Nai Province, Hai Duong Province）/ China（Shanghai）

We establish manufacturing processes which create only quality
products and an integrated production system forhigh-precision molded products.
Manufacture and sales ofresin-molded parts

Production andsales of dies

Resin,Electronics

HousingEquipment

Sales, designing, and installation ofhousing equipment and systems

Remodeling /Renovation

Development and manufacture of built-in
kitchen and built-in storage "INTENZA"

Sales of electronic
device parts［Business Location］Tokyo / Aichi / Ishikawa / Hiroshima
Vietnam（Dong Nai Province, Hai Duong Province）［Business Location］Tokyo / Chiba / Ishikawa
Toyama / Osaka / Italy（Milan）

We provide next-generation digital solutions and services to solve
business challenges together with customers.
Sale of system
integration services

Sale of AI
integration services

Development and sale of integrated
collaboration tool "POWER EGG"
Sale of cloudservices

Development and manufactureof modular furniture "Tesera"

Development and manufacture ofbathtubs "JAXSON" and "HIDEO"

Information
Systems

Construction of network and security systems
and other information infrastructures

Sale of system maintenanceand operational support services［Business Location］Tokyo / Ishikawa / Toyama / Fukui / Osaka / Fukuoka
Vietnam（Ho Chi Minh City, Hue）

03

We provide versatile and comfortable housing solutions
for our clients and contribute to high-quality living.

Air Conditioning
Systems

Leveraging our planning, designing, and construction capabilities,
we provide pleasant, environmentally friendly, and comfortableliving spaces for our clients.
Preparation and integration of design and construction datautilizing BIM for air conditioning and plumbing equipment
Designing and construction property renovation projects,
including electrical and interior construction

Design and construction ofﬁre-prevention equipment

After-salemaintenance［Business Location］Tokyo / Ishikawa / Toyama
Vietnam（Ha Noi, Ho Chi Minh City, Hue, Vinh Long）※Use the 2D Barcode to visit our website for details.

04

Launch of

1963 air conditioning equipment sales

Journey of Mitani Sangyo GroupAs demand was increasing for heating and air
conditioning equipment with the modernizationof building construction, a distributorshipagreement was signed with Osaka Kinzoku
Kogyo Co., Ltd. (now Daikin Industries, Ltd.), andfollowing this, the Company entered the ﬁeld ofdesigning and constructing air conditioning,plumbing, sanitary, and ﬁre-ﬁghting equipment.

On the occasion of making the then Sagami ChemicalIndustry Co., Ltd. a subsidiary, its technology wasleveraged to launch aggressive ef for ts in thedevelopment and manufacturing of pharmaceuticalingredients, speciﬁcally ingredients for generic drugs.

The Company also entered the ﬁeld of sales
and construction of housing equipment. After
that, the Company became a distributor forcompanies such as Matsushita Electric Works,
Ltd. (now Panasonic Corporation), Toyo Toki
Company, Limited (now TOTO Ltd.), andTakara Standard Co., Ltd., expanding its sales
channels.

Entry into the functional ingredients

2008 for health foods manufacturing ﬁeld

Mitani Sangyo also entered the ﬁeld of manufacturing functional
ingredients for health foods in Vietnam when launching a businesstie-up with a client. Beginning with functional ingredients derived
from sea food, the Company went on to also launch manufacturingof functional ingredients derived from plants.

Original Products Design and fabrication of Original products

Remodeling and Renovation
Air 輸送方法の工夫で販路を拡大
Conditioning Equipment

Building Information Modeling(BIM)

Mitani was one of the ﬁrst companies after the war to adopt tankercars for transporting chemicals, allowing the company to expand its
market to the Tokyo area and throughout the country. Even after
the chemical business took off, the company continued innovations
to make it stronger, such as utilizing ISO containers.

1952 Expansion to Tokyo
Special freight car forconcentrated sulfuric acid

Pharmaceutical and Health Food Ingredients

New Energy

1960 Launch of petroleum product sales

In response to the change in the leading energy
source, an exclusive distributorship agreement
was signed with Nippon Oil Corporation (NowENEOS Corporation).

Petroleum

Oil Tanks

LP GasCoalResin, Electronics

End1997 Entry into the resin and electronics ﬁelds

As the Companyʼs orientation toward technology was being clariﬁed, an integrated contracting structure
was established for planning, design, development, production, and sales of dies and resin-molded products.

1966 Launch of information systems business

1928 Launch of coal, coke, and cement sales

While on a business trip to the United States, Shinzo Mitani perceived that the computerwave would hit Japan as well, and he introduced computers at the Company ahead ofcompetitors. Realizing the potential, he signed an exclusive distributorship agreementwith Fujitsu Limited, feeling that it would beneﬁt clients.

Mitani Partnership Corporation
opened its Kanazawa Branchnext to Kanazawa Station,
marking the start of its
coal-centered business.
This event was the opening
act of Mitani Sangyo's historyof evolution.

Information Systems

Die Manufacturing

POWER EGG®

DieChalaza

System Integration
Offshore Development

Launch of new businesses basedon discoveries in the United States

Outsourcing

In the 1960s, Shinzo Mitani went on frequent businesstrips to the United States where he discovered newbusinesses such as oil, information equipment, airconditioning equipment, and housing equipment, andhe turned them into his own companyʼs businesses
one after another.

Expanding business from basesin the Tokyo area, Hokuriku area, and Vietnam

Housing Equipment

1940 Start of chemicals business
While making deliveries of rationed coal to achemical factory during World War II, founderShinzo Mitani began to see new potential inindustrial chemicals such as hydrochloric andsulfuric acid, thus opening the way to a newleap forward for the Company. This became amajor pillar to take the place of the coalbusiness, which came to an end with the times.

Chemicals

Entry into the pharmaceutical2002 ingredients manufacturing ﬁeld

Launch of
housing equipment sales

Business in Vietnam
Ceremony for the 25th anniversaryof our establishment in Vietnam

Opening up a new frontier

1994 with the business in Vietnam

Mitsuru Mitani (then President) had a strong desire
to achieve his dream of manufacturing and set up
operations in Vietnam. Based on the accumulated
knowledge and technology, Mitani Sangyo launcheda series of new business ventures related to eachsegment and continues to expand our business.

192805

1935

1945

1955

1965

1975

1985

1995

2005

2015

PRESENT06

PHASE 3 2002〜2010

Building a business base throughtechnology transfer

With the intent of ensuring Japanese quality from
Vietnam, we worked on manufacturing using the same
quality standards as Japan and other efforts to expand
the businesses of each group company while evolving
into business domains that take each ﬁeld a step further.

Opening of AIT
branch ofﬁce in Hue

Establishment of AXIS Inc., which isengaged in operational and humanresources management forcompanies in the Aureole Group
Establishment of ACSD Inc.,
which is engaged in CAD
design and estimation of
air conditioning, housing
equipment, etc.

PHASE 1 1993〜1996
Founding of businessin Vietnam

From market research byemployees sent to Vietnam and theestablishment of a joint venture witha state-run company to the openingof representative ofﬁces in Ho Chi
Minh City and Ha Noi, we built thefoundation for our business.

Establishment of AIT Inc.,
which is engaged in systemdevelopment, primarily
offshore

Establishment of Mitani Aureole
Vietnam Inc. (now AMCE Inc.),
which is engaged in themanufacture and sale ofchemical materials

2001.1

Establishment of ABCD Inc.,
which is engaged in themanufacture and assemblyof resin-molded products

1997
1996
1994
1993
Launch of market
research on businesspotential

Opening of representative ofﬁces
in Ho Chi Minh City and Hanoi in
February and July, respectively, andpromotion of building of foundation
for future operations

Signing of agreement for joint
industry-academia research with
Hanoi University of Science andTechnology, Vietnam National
University, Hanoi, and Ho Chi Minh
City University of Science

PHASE 2 1997〜2001

Pursuing possibilities

Aiming to establish a manufacturing base,we expanded our business domains toinclude the manufacture and sale ofchemical materials, software development,
design and estimation of air conditioningand other equipment, and the manufacture
and assembly of resin-molded products.

2011

2014.1

2014.12

2017

2020

2018

20152024
30th anniversaryof foundingin Vietnam

Opening of ACSD
branch ofﬁce in Hue
Acquisition of majority
interest in FCV Inc.
from Fujitsu Limited※2

2014.8

1st Aureole Conference
Establishment of ADMS Inc., which is engaged
in the manufacture of onboard composite unit
products through joint investment with Fujitsu※1Computer Products of Vietnam, Inc.
（FCV Inc.）2008

2001.8
2001.3

Establishment ofThangloi-Aureole J/V Enterpriseas a joint venture with a Vietnamesestate-run company

07

Establishment of AFCP Inc.,which is engaged in themanufacture of functional
ingredients for health foods

AFCP Inc.ʼs Plant No.1 obtained the healthfood (ingredient) GMP certiﬁcation as anoverseas plant from the Japan Healthand Nutrition Food Association

1st Aureole Fair

PHASE 4 2011〜

Providing new business models from Vietnam
We established AXIS Inc. to build a solidorganizational structure in preparation forbusiness expansion and are working to build
a uniform system of regulations andcontrols. We are also focusing on
environmental development as a company
that grows together with Vietnamese society,including organizing Aureole conferencesthat bring government agencies, universities,and Japanese companies together andestablishing a system in which local
employees take the lead.

Aureole Group: Shining with
Challenges and Bonds
Since our founding in Vietnam in 1994,
The Vietnam business has achieved dramatic growth as a manufacturingbase supporting the Mitani Sangyo Group.
The business expansion and evolution of the seven group companies has
generated synergy, and today they are the source of the Mitani Sangyo
Groupʼs development and manufacturing capabilities as a manufacturer.
The collective name of the group companies in Vietnam is the "Aureole"group, which means "glory" in French.
In order to achieve the co-existence between Japan and Vietnam in mutual
prosperity implied by the name, we are also actively engaged in hiring locals,training human resources, human resources exchange with the government,
educational institutions, and other companies, organizing economic
promotion events, and activities to preserve cultural properties.
※1 We acquired full interest in ADMS Inc. in March 2019.
※2 We transferred full interest in FCV Inc. to Fujitsu Limited in March 2019.

08

Company Information■ Aureole Group (Vietnam)※ is a consolidated subsidiary that spans multiple businesses

List of Group Companies

Company name:

MITANI SANGYO CO., LTD.

Established:

February 11, 1928

Incorporated:

August 11, 1949

Capital:4.808 billion yen

Employees:

Consolidated: 3,569

Business year:

April 1 to March 31

Main business:

Chemicals, Resin and Electronics, Information Systems, Air Conditioning Systems, Housing Equipment, and Energy

Main banks:

The Hokkoku Bank, Ltd., The Hokuriku Bank, Ltd., Mizuho Bank Ltd., MUFG Bank, Ltd.

Main offices in Japan:

Kanazawa Head Office（Headquarters）

1-5 Tamagawacho, Kanazawa City, Ishikawa, 920-8685

Tokyo Head Office

Sumitomo Fudosan Chiyoda First Wing, 2-36-1 Kanda Jimbocho, Chiyoda Ward, Tokyo, 101-8429

Fukui（Information Systems）

Fukui Terrace, 1-2-1 Junka, Fukui City, Fukui 910-0023

Toyama（Information Systems, Air Conditioning Systems）

TAMURA BUILDING, 1-5-24 Sogawa, Toyama City, Toyama, 930-0083

Nagoya（Chemicals, Resin and Electronics）

Horiuchi Bldg. No. 3, 4-6-23 Meieki, Nakamura-ku, Nagoya City, Aichi 450-0002

Osaka（Chemicals, Information Systems）

Sumitomo Nakanoshima Bldg. 4F, 3-2-18 Nakanoshima, Kita Ward, Osaka City, Osaka, 530-0005

Hiroshima（Resin and Electronics）

4-11-11 Funakoshi-Minami, Aki Ward, Hiroshima City, Hiroshima, 736-0082

Fukuoka（Information Systems）

Taiju Seimei Fukuoka Gion Bldg., 1-40 Gion-machi, Hakata-ku, Fukuoka City, Fukuoka 812-0038

Domestic

Overseas■Active Pharma Co., Ltd.
Production and sales of active pharmaceutical ingredients / pharmaceutical intermediates etc.

Non-Consolidated: 591■Mirai Kasei Inc.
Sales of chemical industry and food additives

Employees related to Vietnam：2,386 （as of March 31, 2024）

Chemicals■Aureole Mitani Chemical & Environment Inc.

Manufacturing and sales of high- purity chemicals, environmental protection chemicals,
industrial chemicals, and other chemicals■Aureole Fine Chemical Products Inc.

■Nagano Saraya Syokai Inc.
Sales of water treatment chemicals / sales, installation, and maintenance of water treatment systems

Production of functional food ingredients (marine products and plants),functional feed additives, and powdered wasabi■MITANI SANGYO E-C CO., LTD.※
Sales and contract manufacturing of chemical products, installation of equipment and facilities,
and contract manufacturing of food products■Aureole Business Components & Devices Inc.

Manufacturing and assembly of resin molding products and electronic partsand manufacturing of injection molds

Resin, Electronics■Aureole unit‐Devices Manufacturing Service Inc.
Manufacturing and assembly of resin molding products■D-Circle Inc.

■T.S. Co., Ltd.

■Inter-Technology Infrastructure Research Co., Ltd.

■Confidential Service Co., Ltd.

■MA.F.E. Co., Ltd.

■Aureole Information Technology Inc.

Sales of package software and package software development

Information Systems

Operating the Data Center and Planning Services

Development of software
Development of software■Arumu System Co., Ltd.

Research and analysis of leading edge technology information of computer industry
Software development and sales/implementation support forbusiness package software

Development of software

Directors

Air Conditioning Systems

Corporate auditors

President & CEO

Tadateru Mitani

Director

Noboru Takeuchi

Director

Shuhei Miura

External Director

Yasushi Kiyoki

Full-time Corporate Auditor

Hiroyuki Yamamoto

Vice President andRepresentative Director

Kouichi Mori

Director

Shinji Watanabe

Director

Toshiyuki Syougan

External Director

Yukihiro Masuda

External Corporate Auditor

Toshio Ojima

Senior Managing Director

Masayuki Ado

Director

Daigou Uchida

External Director

Mitsuyo Hanada

External DirectorUtano Shimizu

External Corporate Auditor

Minoru Terano

Seiji Nishino

Director

Toshiaki Fukabori

External Director

Senior Managing Director

Hiroko Nagasawa

External Corporate Auditor■Mitani Sangyo Constructions Co., Ltd.※Sales, design, installation, and maintenance of air conditioning equipment■Aureole Construction Software Development Inc.
Support for creation of design/construction data utilizing BIM, etc. in all
construction-related operations, cost estimation, and CG/VR creation■Mitani Sangyo Constructions Co., Ltd.※Sales and installation of housing equipment■INFILL Co., Ltd.

Housing Equipment

Satoko Ito

Sales, design, and installation of housing equipment and original brand products,and planning and construction of renovations■JAXSON Corporation

Development, manufacturing and sales of high-grade bathtubs■Tesera Co., Ltd.

Development, manufacturing and sales of Tesera interior brand products

Business Performance

Unit: millions of yen

2016/3Sales
Net sales of Vietnam-related businesses

2017/3

2018/3

2019/32020/32021/32022/32023/32024/367,73566,86980,81985,732

77,59580,541

84,42790,41695,8572025/3 plans

7,736

8,806

20,794

20,77910,183

10,70912,674

13,077

16,069-

2,331

2,403

2,335

2,534

2,567

1,140

978

1,666

1,700

Ordinary Prof it

2,170

2,797

2,972

2,948

3,296

3,349

1,966

1,716

2,443

2,200Net Income

1,353

2,010

2,123

2,006

1,646

2,261

1,424

960

2,068

1,750

■MITANI SANGYO E-C CO., LTD.※

Sales of petroleum products, LP gas, home-use fuel cells and solar power generator systems.

■MITANI SANGYO ADONIS CO., LTD.

101,000

1,953

Operating Prof it※Energy

Sales of office equipment, sales of consumables such as computer office equipment,sales of tableware and kitchen consumables, printing of business cards,
and maintenance and management of office buildings

Others■Mitani Investment Co., Ltd.

Investment and training to intra-venture bussiness■Aureole Expert Integrators Inc.

Accounting, legal affairs, labor affairs, human resources and organizational
development, IT control, and safety and security-related businesses■Pear Investment Pte Ltd

Investment and lending to overseas subsidiaries■Carbon Ventures Co., Ltd.

Investment, management support and consulting for start-up companies■Auros Technologies LLC

R&D on material surface modification technology / product planning, manufacturing and sales※ These ﬁgures are a simple sum of the relevant business and our Vietnam group company's ﬁgures. We have not disclosed the net sales of our Vietnam-related business for the year ending March 2025.

09［Disclaimer］
The company, product, and service names contained herein are
the trademarks or registered trademarks of those companies.
Issued by MITANI SANGYO CO., LTD. First edition: June 202410