Integrated Report 2023
“WHERE IT ALL BEGINS”

contents

To Our Stakeholders 8
Sustainability Promotion Structure 67
Information Disclosure in line with TCFD Recommendations 68
The History of Nissan Chemical 9
Financial andNon-Financial Highlights 11

Responsible Care 73

ProfileImprovement of Products Quality 76
Compliance 77
Risk Management 80
Respect for Human Rights 83

Value Creation& Growth
Strategies

Message from the President 13
Value Creation Process 19

Sustainability

Human Capital 21Intellectual Capital Research and Development 25
Intellectual Property 28
Financial Capital and Manufacturing Capital 29
Social Capital and Natural Capital 30
Materiality 31

CorporateDataFinancial Review 85
Corporate Information 97

Corporate Governance 33
Messages from Outside Officers 41
Business Plan	Long-term and Mid-term Business Plans
Overview and Progress 43

Nissan Chemical’s initiatives are highly regarded
by external analytics and research organizations.

“Atelier2050” Long-term Business Plan 45“Vista2027” Mid-term Business Plan 47
Long-term and Mid-term Business Plans Topics 48
Message from the CFO 49
Business Segments 53
Main Products and Services 55
Business Strategies 57

Third-party
Evaluation* F TSE Russell confirms that Nissan Chemical Corporation has been independently
assessed according to the index criteria, and has satisfied the requirements to become a constituent of the FTSE Blossom Japan Sector Relative Index.
The FTSE Blossom Japan Sector Relative Index is used by a wide variety of market
participants to create and assess responsible investment funds and other products.

Nissan Chemical Corporation

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Nissan Chemical Corporation

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Editorial Policy
In 1992, we introduced responsible care activities, and have dis-Guidelines Used as Reference

closed the details of these activities via Environment and Safety⚫ International Financial Reporting Standards (IFRS) Foundation “IFRS Sustainability Disclosure Standards”

Report from 1999. The Report transformed into CSR Report in2013 and Annual report in which business overview and financial⚫M inistry of Economy, Trade and Industry “Guidance for Col-section were included since 2016.

To Our Stakeholders

laborative Value Creation”⚫G RI “Sustainability Reporting Guidelines Standard”

Since 2018, we have comprehensively summarized the materiality, value creation process, business strategies, and de-⚫M inistry of the Environment “Environmental Reporting

tailed financial information in addition to the business overview

Guidelines”

and E (Environment), S (Social), and G (Governance) information⚫ T ask Force on Climate-related Financial Disclosures (TCFD)

as an integrated report to make this report easier to understandOur company was founded as Japan’s first chemical fertilizer manufacturer in1887 to solve food issues which Japan faced under the founding spirit “to dedicate
ourselves to prosperity of the nation by agricultural fertility”. The pioneering spirit

mid-to long-term value creation of Nissan Chemical Group to all

has been still very much alive at Nissan Chemical as we have continued putting ef-

stakeholders, including shareholders and investors.

fort into innovative technologies and projects that promote social progress, great-

We aim to make this report as a valuable communication

ly transforming our business operations.

tool by deepening our business activities and enhancing the con-To realize corporate vision in a new era, we currently provide products andtent of the report.

services on a global scale in four business domains, such as Chemicals, Performance Materials, Agricultural Chemicals, and Healthcare on the basis of ESG (En-Information Disclosure System

Reporting Periodvironment, Social and Governance) and SDGs (Sustainable Development Goals)

Summarized
Information

FY2022 (April 2022 to March 2023)

established by the United Nations.

The occupational accidents data (P12 and P75) is from January to December 2022.

Integrated Report(this report)

IssuedThe social and economic environment surrounding us continues to change
dramatically, including climate change, aggravated food and health issues, a de-October 2023

cline in the labor force due to low birthrate and aging population and widening(The previous edition was issued in October 2022, and the next edition isplanned to be issued in October 2024.)

economic divides threatening the sustainability of society. From the time of ourDetailed
Information

Frequency of IssuanceFor general users

Annually

founding to the present, we have been working to solve social issues.

WebsiteFor investors

By thoroughly pursuing our corporate philosophy “Contribute to the protection of the global environment and the existence/development of humanity, offer-Contact for Inquiries About This Report
Consolidated subsidiaries:
Nissei Corporation, Nissan Butsuryu Co., Ltd.,
Nissan Green & Landscape Co., Ltd.,
Nissan Engineering, Ltd., Nihon Hiryo Co., Ltd.,NC Tokyo Bay Corporation,
Nissan Chemical America Corporation (NCA),
Nissan Chemical Europe S.A.S. (NCE),
NCK Co., Ltd. (NCK),
Nissan Bharat Rasayan PVT. LTD. (NBR)

Nissan Chemical Corporation
Sustainability Promotion Group,
Sustainability Promotion & IR Department
TEL: +81-3-4463-8404
E-mail: sus_pro@nissanchem.co.jp

Scope of Reporting
The initiatives are described mainly in the financial and ESG
information of the activities of Nissan Chemical Group.

ing the value sought by society”, and continuing to take on the challenge of creating unprecedented possibilities and value, we will strive for sustainable
development of society and our group in the future.

Entities accounted for using equity method:
Sun Agro Co., Ltd., Clariant Catalysts (Japan) K.K.
Group Companies:
In addition to the above consolidated subsidiaries andentities accounted for using equity method,
NC Agro Hakodate Corporation,
Environmental Technical Laboratories, Ltd.,
Nissan Chemical Taiwan Co., Ltd. (NCT),
Nissan Chemical Product (Shanghai) Co., Ltd. (NCS),
Nissan Chemical Agro Korea Ltd. (NAK),
Nissan Chemical Do Brasil (NCB),
Nissan Agro Tech India PVT. LTD. (NAI),
Nissan Chemical Materials Research (Suzhou) Co., Ltd. (NSU)

Nissan Chemical Corporation

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KINOSHITA Kojiro
Representative Director, Chairman & CEO

Nissan Chemical Corporation

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