News Release
August 8, 2024
Proterial, Ltd.

About Proterial’s Participation in the Formula SAE Japan 2024 as a Sponsor
Proterial, Ltd. (hereinafter, Proterial) would like to announce that it will support the Formula SAE Japan
2024 as an S-class sponsor once again this year.

The Formula SAE Japan 2024 is an event where students compete in overall manufacturing ability with vehicles thatthey come up with, design, and produce by themselves. This year marks the 22nd holding of the event. The purpose
is to train human resources who can contribute to the development and promotion of automotive technology andindustry, with Japanese and overseas automobile and automobile parts manufacturers participating as sponsors andsupporting automobile production by providing parts.
Proterial provides a variety of high-performance materials for automobiles, including specialty steels, fabricatedmaterials, magnetic materials, power electronics, and wire materials. Especially in recent years, Proterial has been
focusing on eco-friendly products that ensure higher xEV efficiency, lower fuel consumption in ICVs (gasoline engine
vehicles), and improved safety, aiming to achieve growth in the global market by implementing business strategies
that enhance and expand such products. By continuing to support the Formula SAE Japan, Proterial will train humanresources who will play an active role in the manufacturing field in the future, seek to improve technical capabilities,
and contribute to industry development.
■ Formula SAE Japan 2024
Date:
Tuesday, September 3, 2024 to Friday, September 6, 2024
Online static events (cost manufacturing and design)
Monday, September 9, 2024 to Saturday, September 14, 2024
Vehicle examinations / Dynamic events / Static events (presentation)
Venue:
Aichi Sky Expo in Tokoname City, Aichi
Sponsored by: Society of Automotive Engineers of Japan, Inc.
Entrance fees: Free of charge■ Reference: Formula SAE Japan 2024 website of the Society of Automotive Engineers of Japan
https://www.jsae.or.jp/formula/Toyosu Prime Square, 5-6-36 Toyosu, Koto-ku, Tokyo 135-0061, Japanwww.proterial.com/e1/3

Photos: Last year’s Formula SAE Japan 2023
Media Inquiries: Corporate Communications Dept.
https://www.cntct.proterial.com/contact/publish/inquiry_eng?g=01&c=001-01

Toyosu Prime Square, 5-6-36 Toyosu, Koto-ku, Tokyo 135-0061, Japanwww.proterial.com/e2/3

■About PROTERIAL“Proterial” reflects the essence of our corporate philosophy, which consists of three elements: Mission: “Make the best quality
available to everyone;” Vision: “Leading sustainability by high performance;” and Values: “Unfaltering integrity” and “Unitedby respect.” It combines “pro-” with the word “material.”“Pro-” represents our “three pros”:
Professional — work that exceeds expectations
Progressive — a spirit that keeps challengingProactive —an enterprising attitude“Material” refers to the high-performance materials that our original technologies produce and underpinned by the three pros.
With our focus on solving customer issues and bringing new levels of value, we promise to contribute to the realization of asustainable society through the products and services that embody our philosophy.

■Proterial, Ltd. — Company Overview

Established: April 1956
Head office: Toyosu Prime Square, 5-6-36 Toyosu, Koto-ku, Tokyo 135-0061, Japan
Capital: 310 million yen (as of March 31, 2024)
Representative: Sean M. Stack
Representative Director, Chairman, President and Chief Executive Officer (CEO)Sales revenue: 1,033.2 billion yen (Term ended March 2024)
History: 1910: Founded as Tobata Foundry Co.
1937: Merged with Hitachi, Ltd.
1956: Established separately as Hitachi Metals Industries, Ltd.
2023: Company separated from the Hitachi Group, and renamed from Hitachi Metals, Ltd. to Proterial, Ltd.

Toyosu Prime Square, 5-6-36 Toyosu, Koto-ku, Tokyo 135-0061, Japanwww.proterial.com/e3/3