CONTENTS
2

Editorial Policy
This report has been created as a communication
tool that presents basic company information andintroduces our philosophy regarding “company",“environment", and “society,” as well as initiatives
taken in the previous fiscal year on those aspects.

Disclaimer
This report not only includes facts on the past andpresent of the Asahi Holdings Group, but also contains statements pertaining to future plans andprospects, and the forecasts based on our management business plan. This report inherently contains
the information available at the time of editing.
Consequently, actual business results and activities
could differ from those projected due to management environment changes and other various factors.

Company Overview

3 Asahi Way
4 Message from CEO
5 Group Overview
7 Precious Metal Recycling Business
12 Environmental Preservation Business
16 For the Environment
17 Environmental Impact from Business Activities
19 Global Warming Prevention Efforts
20 Energy-Saving Efforts
21 Reduction of Environmental Burden throughBusiness Activities
23 Environment Management

24 For the Society
The group’s logo uses a spiral shape as a motif tosignify our corporate stance in seeking “environmental preservation through recycling”, a featureof our business, and also means continuity andgrowth. The arrowheads stretching upward anddownward symbolize our being an advanced andcutting-edge company. The three colors of blue,
red and green each respectively signifies “clean water and sky”, “the energy of people doing activities”
and “beautiful nature and forests”.
Period covered by this report:
April 1, 2012 through March 31, 2013
*including some information/events beyond the above
period.

25 Corporate Governance
27 With Our Customers
28 With Our Communities
30 With Our Employees
35 With Our Shareholders and Investors
36 Reference
37 Group History
39 Group Companies−1−Company Overview
The Asahi Holdings Group complies
in good faith with the demands of its
customers and society in order tofulfill its responsibilities as a sensible
corporate group.

ASAHI WAY“Doing Our Part to Protect the Natural Environment and Resources”

Our Credo
To preserve the environment and protect earth’s natural resources, entrusted
to us by future generations, by using original technology and expertise.

Our Corporate Values
・ Trust and bonds
・ Safety first: “People’s lives” over “Company name”
・ Innovation and challenge. No need for those without
・ No growth without profit

Our Employee Principles
・ Act with courtesy and cheerfulness
・ Be swift and thoughtful in our work
・ Immediately report bad news and inconvenient facts
・ Grow through achieving higher goals

The Ten Codes of Asahi Holdings Group#1: We will not act in violation of any relevant regulations or standards.
#2: We will not judge or act in contradiction to social rules, customs, or our own conscience.
#3: We will not discriminate on the basis of age, race, nationality, or title.
#4: We will not conduct political or religious activities at the workplace or at work-related venues without permission.
#5: We will not conduct business or services with clients in a dishonest or inappropriate manner.
#6: We will not behave in a way that obstructs fair competition or finding ideal business partners in all transactions.
#7: We will not disclose staff or client information obtained for business purposes, nor will we release unpublishedtechnological, financial or personnel-related information. Furthermore, we will not buy or sell stocks or otherfinancial instruments based on internal or confidential information.
#8: We will not provide or participate in meals, entertainment or gift-giving for personal gain.
#9: We will not act or behave in a manner that profits any affiliated individual or group, understanding that all workrelated activities are for the greater good.
#10: We will not overlook the slightest detail, understanding thoroughly actual sites, actual products and actual
situations.

Should violations of these codes arise, top management officials at Asahi Holdings Group subsidiaries
will resolve them by implementing s tric t and jus t measures , even agains t themselves , while
investigating the cause of the incident and striving to prevent similar incidents in the future.

Company Slogan (April 2012 through March 2015)
Act Ⅲ , with Asahi Way
Act I of the Asahi Holdings Group's history was the period from its founding in 1952 until its public stock
offering in 1999. Act II was the period from the stock offering until the Fifth Medium-Term Business Plan,
the Group's 60th anniversary. Act III will be the Sixth Mid-Term Business Plan, under which the Group will
expand its overseas operations and develop globally.
The Sixth Mid-Term Business Plan, which raises the curtain of Act III, emphasizes three areas for action:
expanding business in Asian markets, broadening our business domains through M&A, and improving
the Group's management efficiency.

−3−

MESSAGE FROM CEO“Accelerating Overseas Expansion”

A challenging business environment continued for us during Fiscal Year 2012, which is the first year of our 6th mid-term
plan, particularly with weak domestic production activity in Japan and difficulties in the electronics industry. Within thisenvironment, we have focused on execution of our strategic actions that we have outlined in our mid-term plan; “Businessdevelopment in the Asian market”, “Broadening business domain through M&A”, and “Streamlining group management ”.
With regards to Asian market development, we have established a wholly owned subsidiary in Taiwan, and also a joint
venture with a local company with strong expertise in precision cleaning. We plan to expand our precious metal recycling
business in Taiwan with initial focus on the electronics and semiconductor industry. We have also established a representative office in Ho Chi Minh City, Vietnam to further develop and better service our customer base in the Vietnam and Thailand
area. With these new locations added to our existing offices and facilities in Korea, China, and Malaysia, we shall make solid
progress in developing business in Asia. In the environmental preservation segment, we have added INTER CENTRAL, INC.
to our portfolio of companies through M&A. INTER CENTRAL manufactures and sells heating equipment, and also designs
and constructs eco-friendly air conditioning systems based on radiant technology. This is a brand new business area for us,
but we expect high growth potential. In order to support the dynamic change and growth of the businesses, we continuously work towards establishing a strong management infrastructure, efficient management system, and low cost base, andwill always pursue to become an efficient and agile corporate group as a whole. During FY2012, we have been selected by
the Tokyo Stock Exchange as an ESG themed stock. ESG stands for “Environmental”, “Social”, and “Governance”, and we
consider this to be a result of high recognition of our ESG related activities. We will continue to manage with strong awareness of ESG, and shall contribute towards establishing a sustainable society. Your continued support will be highly appreciated. Thank you.

Mitsuharu Terayama
CEOMay 2013−4−

Company Overview

GROUP OVERVIEW
We are expanding business activities on the recycling of precious metals and environmental preservation,
thereby contributing to the preservation of the earth’s environment.

Asahi Holdings, Inc.
●

Company ProﬁlesEstablished :July 1952

Incorporated :April 2009

Capital :4,480 million yen

Officers:

Representative : Mitsuharu Terayama (CEO)Tsutomu Sakuri (President)
Head Offices :Nissay Sannomiya Building 16F
4-4-17 Kano-cho, Chuo-ku, Kobe,
Hyogo Prefecture
650-0001, Japan
Sapia Tower 11F
1-7-12 Marunouchi, Chiyoda-ku, Tokyo
100-0005, Japan

Number of employees (consolidated) : 1,344 (As of April 2013)
URL : http://www.asahiholdings.com

CEO :Mitsuharu Terayama

President :Tsutomu Sakurai

Director :Yoshikatsu Takeuchi

Director :Tomoya Higashiura

Director:

Masaki Hirano

Director:

Keitaro Shigemasa

Outside Director :Shoji Morii*

Auditor :Yukio Tanabe

Outside Auditor :Kazuhiko Tokumine*

Kobe Headquarters

Outside Auditor :Junzo Kojima**External board members stipulated in
Article 2 of the Company Act(As of June 18,2013)
Tokyo Headquarters● Changes in Sales and Operating Proﬁt（Net Sales: 100million in Yen)

(Operating Profit: 100million in Yen)

1,600
Net Sales

1,400

180

Operating Profit

150

1,200
1,000

120

800

90

600
60
400
30

200
0

0
2003

● Component Ratio

2004

2005

2006

2007

2008

2009

Environmental
preservation

17%

FY2012

Precious and rare metals recycling

83%

−5−

2010

2011

2012

Asahi Pretec Corp.

Japan Waste Corporation● Company Profile● Company ProﬁleBusiness line :Precious metals / rare metals recycling andindustrial waste treatment
Representative : Tsutomu Sakurai

Business line :Headquarters : Nissay Sannomiya Building 16F
4-4-17 Kano-cho, Chuo-ku, Kobe, Hyogo Prefecture
650-0001, Japan
TEL +81-(0)78-333-5600
FAX +81-(0)78-333-5681

Representative : Yoshikatsu Takeuchi

Environmental preservation(Industrial waste treatment and other environmental
preservation businesses)

Headquarters : Nissay Sannomiya Building 16F
4-4-17 Kano-cho, Chuo-ku, Kobe, Hyogo Prefecture
650-0001, Japan
TEL +81-(0)78-333-5680
FAX +81-(0)78-333-5681

Sapia Tower 11F
1-7-12 Marunouchi, Chiyoda-ku, Tokyo
100-0005, Japan
TEL +81-(0)3-6270-1820
FAX +81-(0)3-6270-1825

Sapia Tower 11F
1-7-12 Marunouchi, Chiyoda-ku, Tokyo
100-0005, Japan
TEL +81-(0)3-6270-1828
FAX +81-(0)3-6270-1839

Number of employees : 825
URL : http://www.asahipretec.com

Number of employees : 433<Domestic Business Locations>

URL : http://www.japanwaste.co.jp

Research laboratory : Technical Research Center(Kobe)
Plant :
Saitama, Amagasaki, Kobe, Ehime, Fukuoka,
Kitakyushu, Kitakyushu Hibiki
Recycling centers :Saitama, Chiba, Amagasaki
Business Office :Sapporo, Aomori, Sendai, Niigata, Kitakanto,
Kanto, Yokohama, Kofu, Shizuoka, Nagoya,
Hokuriku, Hanshin,Kobe, Okayama, Hiroshima,
Shikoku, Fukuoka, Kitakyushu, Kagoshima,
Okinawa<Domestic Business Locations > Yokohama<Group Companies>
Nihon Chemitech Co., Ltd.
JW Glass Recycling Co., Ltd.
Fuji Rozai Co., Ltd.
Ecomax Incorporated
JW Logistics Co., Ltd.
Iyotec Co., Ltd.
Taiyo Chemical Co., Ltd.
Kyodo Chemical Co., Ltd.
INTER CENTRAL, INC.

<Group Company>
Usuda Manufacturing Co., Ltd.

(As of April 2013)<Overseas Bases>
South Korea : Asahi Pretec Korea Co., Ltd.
China :
Shanghai Asahi Pretec Co., Ltd.
Jiangmen Asahi Pretec Kanfort Environmental
Management Co., Ltd. (JV)
Taiwan :Taiwan Asahi Pretec Co., Ltd.
Asahi Shih Her Technologies Co., Ltd. (JV)
Malaysia :Asahi G&S Sdn. Bhd.
Vietnam :The Representative Office of Asahi Pretec Corp.
in Ho Chin Minh City
(As of April 2013)

Asahi Holdings Group

Asahi Pretec

Japan Waste

Usuda Manufacturing

Nihon Chemitech

Asahi Pretec Korea

JW Glass Recycling

Shanghai Asahi Pretec

Fuji Rozai

Jiangmen Asahi Preec Kanfort（JV）

EcomaxAsahi Pretec Taiwan

JW Logistics

Asahi Shih Her Technologies（JV）

IyotecAsahi G&S

Taiyo Chemical
Kyodo Chemical
INTER CENTRAL(As of April 2013)−6−

Company Overview

BUSINESSINTRODUCTION

PRECIOUS METAL RECYCLING BUSINESS

Utilizing Effectively the Limited Resources to Contribute to the Earth and SocietyWith Asahi Pretec as our core, we recover precious metals and scrap containing rare metals , which is yielded froma variety of ﬁelds for recycling. By recycle precious metals and rare metal such as gold, silver, platinum, palladiumand indium, which are essential to modern manufacturing, we are contributing to the effective utilization of resources and the industry development.

Photography

There are a wide variety of ﬁelds andregions in which precious metal raw
materials can be recovered.

IT Equipment

Utilizing overseas locations and sales networks that cover the entire
country, we efficiently recover and recycl precious metals and rare
metal resources from various industry fields such as electronics,
catalysts, FPD (Flat Panel Display), dental, jewelry, IT equipment andphotography.

Electronics

Collection
Field

Catalyst

Flat Panel
Display

Jewelry
Dentistry

Electronics・Dental
Asahi Pretec Korea Co., Ltd

Electronics

Asahi Pretec Corp.
Usuda Manufacturing Co., Ltd.

Material Catalyst
Shanghai Asahi Pretec Co., Ltd.

Jiangmen Asahi Pretec Kanfort
Environmental Management
Co., Ltd. (JV)Electronics・Jewerly
ASAHI G&S

Asahi Pretec Taiwan
Asahi Shih Her Technologies (JV)The Representative Office of Asahi
Pretec Corp. in Ho Chi Minh City

Our Reliable Quality Receives High
Accolades from Japan andOverseas.
Asahi Pretec is a full-fuledged member of the Japan Gold Metal Association and its gold, silver, platinum and palladium metals are recognized
as brand products for the delivery supply of the Tokyo Commodity
Exchange. Additionally, those metals are highly regarded in the global
market for their reliable quality, with gold and silver being recognizedby the London Bullion Market Association (LBMA), and platinum andpalladium being certified by the London Platinum and Palladium
Market (LPPM) as good delivery bars.

−7−Electronics
In the electronics and semiconductor industry, precious metals and rare metals are used in the manufacturing process ofelectronic components and PCB (Print-Circuit Board) in PC’sand cellular phones. We recover and recycle precious metals

and rare metals that are yielded from a variety of processes.
leveraging our prominent technology.

electronics and semiconductor industries
Plating Treatment

E-scrap

Precision cleaning

Plating Line

Various Processes

Sputtering Line, etc.

Plating solution, rinse water,
etching solution

Used substrates material andmill-ends

Material parts from semiconductor and LCD
manufacturing equipment and wafer cases

Smashing, sampling andanalysis

Precious metal collection,
analysis andPrecision cleaning

Precious metal collection(Equipment installed on plating line)

MaintenanceRefining and molding process

In the field of surface treatment, we work on recycling businessfocusing on the precious metals contained in plating solutions,etc. In addition to the recovery of precious metals such as gold,
silver and palladium, we also provide recovery technologies thatare considerate of the environment such as rare metal recycling,water processing and re-use of rare metals etc.

ductor industry processes, and determine the exact amount ofprecious metal contained using our state-of-the-art sampling
and analysis factory.
Also with our affiliate, Usuda Manufacturing Co., Ltd, we engage
in the precision cleaning business of semiconductor/flat panel
display manufacturing equipment components and risen wafer
cases entrusted by our customers.

In the E-scrap business, we recycle used substrates from used
PC’s, cellular phones and various other IT equipment as well as
mill-ends and waste materials yeilded from electronics/semicon-−8−Company Overview

Catalysts
In the area of catalysts, precious metals are used as automotive
catalysts under environmental regulations concerning exhaust
GVNFTTFUGPSUIJOUIF"JS1PMMVUJPO$POUSPM"DU UIF/0Yt1."DUGPS

automotive area, and other laws. We are making eff orts to recycle
precious metals from automotive catalysts, chemical catalysts, etc.
utilizing our unique technology know-how.

Molding Process

Reﬁning

Analysis

Sampling

Inspection

Platinum and Palladium

Auto catalyst

Flat Panel Display
In the field of Flat Panel Display (FPD), indium, silver, etc.are used. It
is said that the FPD market will continue to expand over the medium
run, and through our own advanced technologies, we have been
recycling these precious metals and rare metals.

Molding Process

Reﬁning

Pre-treatment

FPD manufacturing factories

Inspection

Wastes yielded from

Indium Bar

TOPICS

Business Expansion in Asian Market

In February 2013, Asahi Pretec Taiwan Co., Ltd. was established as a subsidiary in Taiwan and started operation from April 2013. In parallel,a joint-venture, “Asahi Shih Her Technologies Co., Ltd.”, with Shih Her Technologies Inc. was established. We will promote our precious
metal collection, recycling and cleaning business, in which jig and tools from electronics, semiconductor and LED manufacturing equipments are treated. Both companies are located in Hsin-chu city in Taiwan, which is the hub of electronics and semiconductor industry.
We will expand our precious metal recycling business in the area, leveraging of our high-level technology. In April 2013, we also started
operation at the representative office in Ho Chi Minh City, Vietnam to conduct market research and to enforce the local support in Vietnam and the surrounding.

TOPICS

Asahi Metal Account System (For dental customers)

We launched the system in May 2012 as the first service in the field of dental industry. Based on the analysis results of the precious metals
collected from dentists or dental laboratories, we keep the metals and customers deposit them on the web. According to the balance ofthe deposit on the web, customers can choose cash settlement or actual metal return exclusively for gold at their own discretion.
*Prior application is required to make use of Asahi Metal Account System. We launched the system in May 2012−9−

Dentistry

Jewelry

Removed tooth crowns and cast chips from dental clinics and dentallaboratories are valuable precious metal resources including gold,
palladium and silver. Asahi Pretec realizes the shortening of the analysis period and the accuracy improvement for the analyzed values
thorough double and triple cross checks, process by process, with ourunique management system.

Based on advanced analysis and precious metal refining technologies, we respond to recovering buffing powders and electrolytic
polishing solutions, etc. which are yielded from the jewelry manufacturing process and various recycling required in the distribution
process, etc. We are subcontracted by organizations in the jewelry
manufacturing industry for “ precious metal scrap collection andanalysis” and Asahi Pretec’s many years of proven performance haveearned the profound confidence of all of our customers.

Reﬁning andMolding Process

Acid treatment

Pre-treatment

Inspection

Customers

Analysis and report

IT Equipment
We collect IT equipment such as PCs through the offices, factories
and data centers in Japan. After the thorough and accurate analysisof the materials, we recycle them and contribute to reducing
environment burden. We take responsibility to ensure information
security and prevent leaking of corporate and personal information

through measures such as implementing complete erasure of HDD
data.

Recycle Flow
Reuse Flow

Inspection andweighing

IT equipment

Receiving inspection
Data deletion
Reuse

Plastics

Iron

Aluminum

Glass

Disassembly
sortingLine of Products:
computers, analysis
equipment, medical
equipment, liquid crystal
monitors, servers,
printers, communication
terminals, ATMs, etc.

HDD

Data deletion*Recycling Centers (Saitama, Amagasaki) acquired ISO27001(Information Security
Management System) certiﬁcation.

Photography
We collect photographic effluents, X-ray film, and printing plate filmthat are disposed of by photographic developers, medical institutions,printing plate makers, and others, and then recycle the silver anddetoxify the remaining solutions. Film cases, cartridges, and medicine
bottles are also recycled as raw materials after being compressed andcrushed to achieve zero-emission material recycling.

Graphic arts ﬁlm

Molding Process

X-ray ﬁlm

Reﬁning

Pre-treatment

Fixer

Silver bullion− 10 −

Company Overview

Research & Development: The Technical Research Center
Symbolizing Technology
Asahi Pretec has promoted proprietary research and development as well as the development of analyticaltechnology for the recycling of precious and rare metals
and the detoxification and recycling of industrial waste.
As the nucleus of this is the Technical Research Center,
which was established in Kobe High-Tech Park. We arelooking to take even greater strides forward as a company that contributes to society through improvements
in quality and technical innovation.

R&D
We strive to create new products and new businesses by always predicting thetrend of the needs ahead, applying accumulated elemental technologies anddeveloping new technologies.
(1) Technology for separating and refining of precious and rare metals.
(2) Environmental preservation and resource recycling technology.
(3) Precious metal molding and refining technology.
(4) Applied neutral electrolysis water technology.

Analysis
As Asahi Holdings Group’s core analysis function, we support a diversity ofcorporate activities using the latest analytical equipment and high-level
analysis technology. In addition, we play an important role in maintainining
and enhancing the trust with our customers and client companies.
(1) Development of new analysis technology.
(2) Technical guidance for analysis groups at each plant and sales office.
(3) Purity analyses of precious metal products and dental alloys.
(4) Environmental analysis of issues such as factory wastewater discharges.
(5) Environmental measurement certification.

Engineering
Using cutting-edge technology, experts from each business area design, produce, construct and provide maintenance of facilities in domestic and overseas
subsidiaries, helping to support safe and stable operation of the facilities.
(1) Designing, production, construction and maintenance of facilities and buildings.
(2) Maintenance control of existing facilities.
(3) Installation of precious metals collection facilities for our customers
and after-sales service.

TOPICSLBMA Proficiency Testing

The London Bullion Market Association, LBMA, has launched the new scheme called “LBMA Proficiency Testing” since FY2012 in order
for accredited refineries to maintain and enhance their assaying accuracy ability. Asahi Pretec achieved solid results in the analysis
values in the 1st Proficiency Testing, in which the 40 accredited refineries participated. The internal proficiency test program is implemented for the further improvement of our assay technical experts.

− 11 −

BUSINESSINTRODUCTIONENVIRONMENTAL PRESERVATION BUSINESSWe are Working Towards the Realization of a Sustainable Material-Cycle Society as an Expert of Waste
Treatment
We perform the detoxiﬁcation and appropriate disposal of various types of waste to contribute to resolving global
environmental issues. We respond to our customers’ variegated needs by offering the proprietary technology which
our group companies have cultivated over many years in their respective ﬁelds.
Asahi Pretec Sales
Ofﬁces

Striving to Provide Added Value
Services in a Wide Range of Fields

PlantsGroup companies

We promptly meet the increasingly diverse and sophisticatedneeds of our customers through disposal technology that is
specially suited to each industry.

Kyodo Chemical (Hokkaido)● Collection, transport and intermediate

INTER CENTRAL, INC.(Iwate, Hokkaido,
Sendai, Akita, Kanazawa, Tokyo, Nagoya, Osaka, Fukuoka)

processing of industrial wastes● Photosensitive materials business● Manufacturing and sale of electric heating equipment and designand construct of radiant air-conditioning systems

Nihon Chemitech(Saitama, Yokohama, Ibaraki)● Processing of effluent from plants such as

those in the semiconductor industry

Iyotec (Hyogo)● Processing of organic liquid waste and● Labor dispatch, recruitment andfermentation/composting of sludge

outsourcing services to various
manufacturers

JW Glass Recycling(Tokyo, Hokkaido, Miyagi, Gunma, Shizuoka,
Kawasaki, Kanagawa)● Recycling of glass sheets and bottles

Japan Waste(Tokyo, Yokohama, Kawasaki, Kanagawa)● Production of fuels from waste oil● Production of cement materials from sludge, etc.
● Recycling of wood chips● Processing of wastes from electronic & IT devices● Cleaning of semiconductor manufacturing

equipment

JW Logistic Co., Ltd.
(Yokohama, Kawasaki)● Collection, transportation, intermediate

Taiyo Chemical (Kagoshima)● Processing of wastes from theelectronic components industry andhospitals, etc.
● Photosensitive materials business

TOPICS

processing and recycling of fire-proof
bricks, etc.

Ecomax (Kanagawa)● Process of concreting burnt residues,

Fuji Rozai(Tokyo, Yokohama, Nagano, Kobe)● Regular maintenance and demolition workof glass manufacturing kilns and waste
incinerators● Construction/demolition work and recyclingof construction project wastes

dust and sludge generated fromincinerators, etc.

Incorporation of INTER CENTRAL, INC. into our GroupIn July 2012, INTER CENTRAL, INC. became a wholly owned subsidiary of our company. INTER
CENTRAL provides a variety of electric heater and energy efficient products such as radiantcooling/heating equipments, which have been adopted by hospitals, schools, cultural institutions, commercial facilities, and residential homes. We will make further enhancement in thegrowth potential and profitability by broadening our business domain and pursuing synergistic effects among the Asahi Holdings group companies.

− 12 −HOSPEX2012

Company Overview

WE TARGET ONE-STOP SOLUTION FOR VARIOUS WASTES WITHINOUR GROUP
We have acquired permission for the collection, transportation, and intermediate treatment of most articles of industrial waste andspecially controlled industrial waste, and have created a structure that allows us to dispose of such waste appropriately and promptly.
Furthermore, we are promoting the establishment of distinguished detoxification and disposal technology and a zero-emission system
for industrial waste by realizing one-stop solutions within our group.

Collection, Transportation, andIntermediate Treatment

Customers
Educational institutions

Collection and transportation(Universities, elementary,
middle and high schools,
Boards of Education)● Industrial waste

Government andpublic ofﬁces

16 articles, including waste acids,
waste alkalis, waste oil, sludge,
waste plastics, etc.

Intermediate treatment
Neutralization
Condensation and precipitation
Concentration● Specially controlled indus-

Dewatering

trial waste

Plant manufacturers

12 articles of waste, such as waste
acids, waste alkalis, waste oil,sludge and infectious waste,
which all contain specified toxic
substance.

Waste efﬂuent treatment facility

RecycleChemical reagent
manufacturers

Cyanide decomposition

Glass/sash
manufacturers

Separation of oil from water
Incineration

Other types ofmanufacturers

Neutralization, Mixing

Research institutions

Analysis ofﬁces

Incinerator

Drying

Sorting, compressing, crushing
Kneading
Concreting wastes

Landfill

Cleaning

Hospitals, Clilnics, etc.

Licenses acquired by our Group(As of March 31, 2013)
All prefectures and government ordinance cities■ Industrial waste disposal license :15 prefectures and 9 government ordinance cities■ Specially-controlled industrial waste collection transportation license : All prefectures and government ordinance cities■ Specially-controlled industrial waste disposal license :12 prefectures and 8 government ordinance cities■ Certified company as the environmentally sound management(Asahi Pretec) 40 prefectures and 4 government ordinance cities(Japan Waste) 8 prefecturesof hazardous wastes and other wastes :■ Industrial waste collection transportation license :* In April 2011, laws concerning industrial waste management were revised and a recognition system for excellent industrial waste management companies was
newly created. Prefectures and government ordinance offices select companies which conform with their strict standards such as ability for implementation ofoperations, actual performance, etc. Our group companies will pursue for acquiring the certification to organize our systems so that customers can contract
business without anxiety− 13 −

Treatment of Speciﬁed Hazardous
Waste Acid, Waste Alkaline andWaste Reagents
It is necessary to appropriately treat waste acid and waste alkalinedischarged from plants and business offices and waste reagents
which are unnecessary at laboratories and institutes of universities
and private companies. These various kinds of waste are treated fordetoxification on the line exclusively at each plant by utilizing
technology which has been cultivated over many years by ourgroup under thorough safety management procedures. Waste isseparately stored in containers in accordance with classification
standards of our group and measures are taken to prevent abnormal reactions during collection, transportation and storage. In caseof waste reagents with unknown content due to peeled off labels ofbottles of waste reagents, we analyze them and provide appropriate treatment support.

Packaging Work

Waste Reagent Treatment Facility

High-Speed Microbial Treatment ofWaste Acid/Alkaline and Sludg
After removing hazardous substances from waste liquids fromplants and offices, even if liquids contain nitrogen and phosphorus,
they are detoxified and purified to discharge standards by our
original technology, including microbial treatment, etc., and are
discharged. In particular, energy consumption and CO2 emissions
are lower than other treatment methods.
Sludge after neutralization and dewatering of waste liquids arereused for raw materials of non-ferrous metals and steel. Somesludge which cannot be recycled is sent for landfill disposal.

Micro Organisms Facility

Concreting of hazardous substances
Some wastes from incinerators that contain burnt residues, dust,
sludge and harmful substances (heavy metals, dioxins, lead andarsenic, chrome, selenium, etc.) may not be suited for recycling. We
process concrete with waste into a solidified form (insoluble) in sucha way that harmful substances will not be eluted. We possess
original facilities and technologies that prevent harmful substancesfrom eluting into the natural environment even under powerfulacidic conditions.
Insoluble Treatment Facility

Cleaning and Treatment ofHazardous Wastes
We clean and treat the hazardous waste on the semiconductor
manufacturing devices and a variety of laboratory equipment frommanufacturers of semiconductors, electronics components andresearch laboratories. After cleaning and treatment, the devices andequipment are separated by material and recycled for the reductionof environmental burden.

Precision Cleaning System− 14 −

Company Overview● Recycling of waste oil and sludge
Based on analysis results, various kinds of waste oil and liquid waste are blended in an optimal formula,and the ingredients are adjusted to produce supplementary fuels used in cement production andwaste incineration. Furthermore, sludge and burnt residues are also recycled into cement materials by
adjusting their ingredients and moisture and by kneading. Thoroughgoing analysis is also performed
upon receiving and shipping for its quality maintenance control as qualified recycled materials.
Waste Oil and Product Storage Tanks

Process of neutralizationmixing for fuelAnalysisAnalysis

Shipping

Emulsiﬁcation
Mix

Pretreatment

Waste Liquid
Waste Oil

Process of knead for cement
material

Knead
(Mix)

SludgeDust
Burnt
residues
SludgeManufacturing Facility for Cement Raw
Material● Wood waste recycling
Wood chips made from crushing demolition wastes and other wood wastes are recycled into biomass
generation fuels and particleboards.
Wood Chips● Fire-Proof Brick Recycling
Disused fire-proof bricks produced from demolished furnaces of glass manufacturing and periodic
repair work of incinerators are carefully separated and treated with the aim of recycling for reuse as
fire-proof bricks and paving materials.
Fire-proof Bricks● Glass Recycling
We collect sheet glass and glass bottles from glass manufacturers, sash manufacturers and local municipalities. Sheet glass scraps and glass bottles collected are reused and sold for high-quality glass cullet
after separation and crushing at our plant. Glass scraps which are not usable for glass materials are recycled as paving materials. Through glass recycling, we are helping to prevent exhaustion of mineral
resources and reduce the environmental burden.

Sorting line

Glass Cullet● Organic Waste Liquid and Sludge Recycling
Organic food waste liquids discharged from food manufacturing plants and restaurant chains areneutralized and dewatered. The filtered liquid is purified by microbial treatment to less than the emission
standard value and then discharged into sewers. Sludge is made into compost at a fermentation andmaturing plant, where it can effectively be used by farmers as organic fertilizer.
Fermented Compost Facility− 15 −

For the Environment
The Asahi Holdings Group complies ingood faith with the demands of its
customers and society in order tofulfill its responsibilities as a sensible
corporate group.
INDEX
17

Environmental Impact Resulting
from Business Activities

19

Global Warming Prevention Efforts
Reduction of Environmental Burden

20

Energy-Saving Efforts

21

Reduction of Environmental BurdenThrough Business Activities

23

Environmental Management

For the Environment

ENVIRONMENTAL IMPACT RESULTING FROM BUSINESS ACTIVITIESWe are expanding business activities on the recycling of precious metals and environmental preservation,
thereby contributing to the protection of the earth’s environment

I NPUT■ Envisioned positive environmental impacts

OUTPUT■ Envisioned negative environmental impacts

Recycling raw materials

Recycling

Recycling

Products

Resources
Cement, raw material for steel,emulsion fuel,fuel for biomass power generation, fuel for cement, gravel, sand,plastic, glass, ﬁre-proof bricks,
fermented compost.

Precious
metal bullions

Dental alloys

Industrial waste■ Effective utilization■ Effective utilization ofof resources

resources

Reuse
Liquid crystal
monitors

Computers

EnergyAsahi Holdings Group■ Effective utilization of

resources

Waste■ Consumption of

resources, Global
warming* Electrical generation timeat power plants

PlantsBusiness sites,
research lab,etc.

■ Reducing the ﬁnal disposal

volume■ Capacity shortage for ﬁnal

disposal sites

Medicines■ Consumptionof resources

Exhaust fumes

Efﬂuent

Water(Puriﬁcation until it is within the standard values for discharge)■ Consumption of resources■ Global warming− 17 −

Environmental Performance
The energy, resources (water), chemicals, and etc, used in our environmental preservation, precious and rare metal recycling businessactivities are listed as “INPUT” data, while the environmental burdens
given off from performing business activities with the substances arelisted as “OUTPUT” data.

The volume of CO2 emission has been decreased by reviewing the
production efficiency and the disposal process, while we have expanded our business through M&A and have launched new businessprojects.

INPUT
Unit

FY2008FY2009FY2010FY2011FY2012

Electricity

MWh23,167

21,67424,097

23,816

22,669Heavy oil

kl

2,406

1,466

1,465

1,192

891

Kerosene

kl

547

379

440

440

451

Light oil

kl

2,852

2,965

3,216

3,200

2,667

Gasoline

kl

804

848

899

914

883

Urban gas

1,000 m3

684

527

64

27

13

LPG

t

18

17

20

22

19

Water

1,000 m3

366

345

378

364

336

t

17,347

13,293

13,18914,191

13,319Chemical, etc.

OUTPUTUnit
CO2 emissions

FY2008FY2009FY2010FY2011FY2012t

28,05024,327

24,79823,68325,835Effluent*

1,000 m3

245

208

246

251

217

Waste

t

20,886

16,644

16,24917,71916,174* Purified until it is within the standard values for discharge.

Environmental Accounting
For the promotion of environmental management, we have introduced
environmental accounting starting in FY2005 and publicly disclose
costs related to environmental protection. These are prepared in linewith the Environmental Accounting Guidelines of the Ministry of theEnvironment.

● FY2012 Environmental Preservation Costs(Unit: million yen)

Category

Major Initiatives

Expenses

Investments

376.33

75.45

12.74

49.30

(2)Cost of protecting the earth’s
environment

Control and maintenance of gas emission
facilities, water drainage, and etc.
Energy conservation activities (power-saving,
improvement of fuel-efficiency for vehicles, and etc.)(3) Cost of recycling resources

Entrustment of industrial waste treatment

150.750.00

2. Cost of upstream and downstream

—

0.00

0.00

3. Cost of management activities● SO14001 management activities● Disclosure cost of environmental information

69.34

0.00

4. Cost of research and development● Improving efficiency for the precious metal refining process● Decreasing the volume of landfill disposal

67.53

0.00

5. Cost of social activities

Clean up activities in the neighboring
communities

2.53

0.00

(1)Cost of preventing pollution
1. Cost within business areas

6. Cost of handling environmental damages

—

0.18

0.00

Total

—

679.40124.75− 18 −

For the Environment

GLOBAL WARMING PREVENTION EFFORTS
Target: Cutting GHG* emissions by more than 25% by 2020 from a 2008 base of 100* Energy source CO2 determined in the Global Warming Countermeasures Law

Major Actions① Effective use of waste (alternative use for fossil fuels)② Renewal to energy efficient equipment, facilities and buildings③ Effective use of waste heat from incinerators④ Expansion of use of waste fuels● Greenhouse Gas Emissions (Energy sources : production, transportation and ofﬁces, etc.)
The usage of electricity and fossil fuels was lower than the previous
year, while CO2 emission was 5.4% higher than the previous year at our
offices* setting targeted values for greenhouse gas emission reduction.
Compared to FY2008, CO2 emission reduced by 23.5%, though it was
the slight shortage of the targeted values. It is because that CO2
emission coefficient, which was announced in November 2011, wasraised largely and electricity-derived CO2 emission increased.
FY2012 CO2 emission coefficient, which was calculated by the prerevised emission coefficient, announced in January 2012, 31% downfrom FY2008.
* Targets are business lines at offices, which were operated at the time of FY2008

GHG emission volume for reduction target
GHG emission volume in relation to increases in our number ofbusiness sites● Greenhouse Gas Emissions (Net emissions*: production, transportation and ofﬁces, etc.)
Group-wide CO2 emission, together with energy source CO2 and nonenergy source CO2, increased by 8.2%. It is because non energy source
CO2 emission increased by 8.9%, coupling with swelling the incineration amount of wastes.
Net Emission of Energy Source CO2
Net Emission of Non Energy Source CO2* Calculation of Greenhouse Gas Emission Volume (comply with Law Concerning
the Promotion of the Measures to Cope with Global Warming )[Energy Origin CO2]=[CO2 released in connection with use of electricity and fossil fuels][Net Emissions]=[Energy Origin CO2]+ [CO2 released in connection with incinerationof industrial waste]● Installation of Solar Power Generation System
Asahi Pretec Corp. installed a solar power generation system with ageneration capacity of 20kW at Technical Research Center in January
1998 and at Kobe Office in September 2001. Recently we have set up asolar power generation system with 100kW capacity on the roof of
Amagasaki Plant at Hanshin Office. We will launch a new business selling all the electric power to Kansai Electricity Co., Inc. There is a concernof power supply shortage in summer and winter season within the jurisdiction of Kansai Electricity Co., Inc. We will make contribution to oursociety through the new solar power generation business.

Photovoltaic module (Amagasaki Plant at Hanshin Business Ofﬁce)− 19 −

ENERGY-SAVING EFFORTS● Energy Consumption (production, transportation and ofﬁces, etc.)
Group-wide energy consumption decreased by 4.7% year over year.
Operating conditions at waste incinerators were improved and we
promoted implementation of “saving of energy” by upgrading
equipments in the course of precious metal refinery to eco-friendly.
At Saitama and Chiba recycling centers, fluorescents and mercury
lamps were changed to LED lightning system.

● Vehicle Fuel Consumption (Asahi Pretec)● Changes in Speciﬁc Energy Consumption

compared to FY2008 (Asahi Pretec)
In Environmental Preservation Business, specific energy consumption reduced by 8% due to effective operation of incinerators. In Precious Metal
Recycling Business, specific energy consumption was boosted due to impact of production volume.

Eco-friendly drive by utilizing digital tachometer graph has been
actively promoted. We make an effort for improving transport
efficiency by reviewing the routes for collection. FY2012 vehicle fuelconsumption decreased slightly year to year although there weresuperimposed load increase, which leads to low fuel consumption andauto weight increase by introducing boxy trucks.
10

8

6

4

2

0

● Efforts for Improvement of Recycling Rates● Efforts to the Government Request on Power-Energy Saving
We responded to the energy-saving request from each electric powercompany, in particular, by optimizing the program for the production
equipments, reviewing the operating time and introducing a wide varietyof energy-saving devices. Consequently, 10% reduction of the electricity
was achieved over the previous year for the summer time request.

LED lighting system on the high ceiling at Saitama RC− 20 −

Companies in Japan have promoted and made an effort for “ZeroEmission”, which resulted in decrease of recyclable wastes. Against thisbackdrop, promotion of using waste oil as alternative fuel and better
materials segregation for information equipments, etc. made FY2012
recycling ration 91.3%, improving by 9.2% year to year.
(Recycling Rates)

For the Environment

REDUCTION OF ENVIRONMENTAL BURDEN THROUGH BUSINESS ACTIVITIESResults of Our Group’s Environmental Burden Reduction (FY2012)

●

●

●
●

●

●

Minimization of the
final disposal volume

IT equipment recycling●

Freon detoxification
treatment●

Fuel production forenergy generation●

Fermenting andcomposting

Reduction ofgreenhouse gases

Treatment by
incineration●

Recycling

Recycling of glass andfire-proof bricks●

Construction waste
recycling

Saving exhaustible natural
resources

Business process

Environmental Preservation
Treatment of effluent

Reduction ofenvironmental
burdenPrecious Metal Recycling

We evaluated the major businesses and tasks ofthe company group to see how much of theenvironmental burden in the society as a whole
has been reduced through our businessactivities. As the subjects of evaluation, we makecalculations in regard to (1) the reduction volumeof natural resources, (2) the volume of recycling,(3) the volume of controlled greenhouse gas
emissions and (4) the effects of reduction of final
disposal in the two business divisions - precious
metal recycling and environmental preservation.

●
●

◆

●

Results of reducing the ﬁnal disposal volume: Covers the quantity by which the volume of waste brought to us(excluding waste oil, waste acids, and waste alkalis) is reduced (the quantity that could avoid controlled landﬁll
disposal) as a result of going through our waste treatment process.

●

●

●

◆

Calculated by weightNot targeted for numerical evaluation

Results of Saving Exhaustible Natural Resources
Through recycling all kinds of raw materials, we are cutting back on the amount of natural resources (precious metals, non-ferrous metal ores, gravel,sand, agalmatolite, quartz sand, plaster, forests, etc.) that are being mined or felled, thus contributing to the protection of the global environment.

Precious Metal Ores

GravelFossil Fuels

Timber(Precious Metal Recycling)(Construction Waste Recycling)(Effective Use of Waste)(Construction Waste Recycling)

Recycling materials containing a lot of
precious and rare metals contributes tosaving mineral resources, such as precious
metal ores.

Materials such as sand, gravel and backfill
soil are recycled from construction wastes
like concrete waste.

By making effective use of waste heat
energy (waste oil and plastics, etc.) in an
incinerator, fuels (fossil fuels) required forincineration can be reduced.

Wood chips made from wooden construction waste are used as a carbon-neutral fuelin place of fossil fuels.

2,354.4 Kt /year

26.4 Kt /year

13.1 Kt /year

8.5 Kt /year− 21 −

Recycling (including reuse products)
A variety of industrial wastes are recycled into raw materials and are mainly used to produce the following recycled/reused products:
Wastes used are shown in parentheses “( )”.

Glass cullet(bottles, waste glass sheets)

Fermented compost(Food wastes, organic sludge)

95.9 Kt /year

12.1 Kt /year

Non-ferrous metals materials(Liquid waste containing metals)

Refractory brick paving materials(Furnace waste materials)

4.1 Kt /year

3.8 Kt /year

Clay waste

Gravel, crushed stone(construction materials)

Wood chips(Construction scrap wood)

26.4 Kt /year

8.5 Kt /year(Construction metal scrap, OA equipment)

Fuels/raw materials for cement(Plastic waste, waste oil/liquid
waste, wood chips, sludge)

3.9 Kt /year

5.1 Kt /year

Scrap metals

Emulsion fuels

6.4 Kt /year

2.2 Kt /year

Results of Reducing Greenhouse Gases

Results of Minimizing the Final Disposal Volume

123.2 Kt /year

Waste reduction volume:

We are making contributions to help reduce greenhouse gas emission through business activities such as the collection of precious
metals, glass, fire-proof bricks and CFCs.

The final disposal volume (landfill disposal) can be reduced byincinerating waste.

● GoldWaste

Amount of CO2 emitted frommine production
Amount of CO2 emitted fromour company’s recycling
production

TOPICS32.8 Kt /year

100

75% or greater
reduction

Incinerated
ash

Treatment by incineration

14

Awarded for the great contribution to ”Eco-ship Modal Shift Project”

Ecomax Co., Ltd. has been making an effort to shift its transportation system to environmentally friendly ocean freight by containers from the traditional land transportation when delivering the No.13 industrial waste to the final disposal site after the concrete solidification treatment. Consequently, Ecomax
was accredited as one of the companies who greatly contribute to the “FY2012 Eco-Ship Modal Shift
Project”, which aims to promote environmental preservation and reduces the effect of environment.
*This project was launched by Maritime Bureau, the Japan Ministry of Land, Infrastructure,Transport and Tourism. Qualified companies may put the Eco-Ship Mark, a recognized quality symbol on their vessels and promote their contribution to environmentally friendly logistics services.

− 22 −

certiﬁcate of commendation

For the Environment

ENVIRONMENTAL MANAGEMENT
Environmental Management
Promotion System

Environmental Policies
We will contribute to the environmental preservation of the earth
and establish a sound material-cycle society through the company’sbusinesses on recycling of precious and rare metals and industrial
waste treatment.

Our “Company-wide Environmental Purpose/Goal (annual plan)” isdevised based on the Environmental Policy that establishes ourenvironmental preservation philosophy.

(1) In all business activities we will strive to conserve resources andenergy and reduce, reuse, and recycle waste to minimize theenvironmental burden.

With this established, the business offices which have acquired ISO
14001 approval, set the “Center Environmental Purpose/Goal (annualplan)” and implement environmental preservation activities closely
related to their business tasks. Furthermore, the Environment Committee of each center abides by the regulations set by the environmental
law, revises plans and examines environmental education, etc. andprovides reports to the management. While the ISO Office controls
the environmental management system (EMS), an environmental
preservation supervisor is assigned for each business office as an aim
to implement thorough promotion of environmental activities.

(2) We will promote the recycling of resources of precious and rare
metals to achieve a more effective use of the limited resources ofthe earth.
(3) We will adequately and safely perform our operations for thecollection, transportation, and treatment of industrial waste toprevent environmental pollution.
(4) We will prioritize a harmonious coexistence with nature andregional communities. We will strictly follow the relevant
environmental laws and regulations and other requirements
which we recognize.

Management(5) We will establish environmental objectives and targets andperiodically review them to continue improving our activities.

General Internal Auditors(6) We will educate all our employees and increase their environmental awareness as members of the community, promote theirunderstanding of environmental preservation activities, andparticipate in such activities.

Chief Environment Control Manager
General Environment Committee

These environmental policies shall be conveyed to all of ouremployees and all those working for the company and announced
to the public as our commitment.

ISO Ofﬁce
Supervisors

Supervisors

Supervisors

Internal Auditors
Environment Preservation Administrator

ISO14001 Approval

Environment Committee
Asahi Pretec has newly acquired ISO14001 Certificate at 10 locations in
FY2012 and consequently 20 locations of Asahi Pretec have theCertificate.

Department

ISO14001 Environmental Audits

Consequently, our group companies as a whole have acquried
ISO14000 Certificate at 10 companies with 33 locations and continue
developing ISO14001 activities.

Regular inspections are carried out on the state of compliance withspecifications by an external examining authority for ISO14001
activities. Moreover, internal environmental audits are conducted atleast once a year at business sites in order to ensure that EMS isbeing properly administered.

ISO14001 Authentication Certiﬁcate

Regular external audit− 23 −

For the Society
We continue making our social
contributions through various
activities as a good corporate citizen
that should coexist in harmony withsociety.

INDEX
25

Corporate Governance

27

With Our Customers

28

With Our Communities

30

With Our Employees

35With Our Shareholders and Investors

For the Society

CORPORATE GOVERNANCE
Under the holding company structure, the Group is committed to building a stronger group governance anddriving risk management.

Corporate governance philosophy
In order to meet the expectations of stakeholders and to maximize the corporate value, we are committed to enhancing our corporate
governance with Asahi Holdings taking the initiative as a holding company. Operating companies, Asahi Pretec and Japan Waste maketimely decisions and develop operations in each specialty area in order to reinforce competitiveness and expand profitability. With eachcompany carrying out its functions, we will strive to achieve lasting growth and development as a corporate group. Currently, one out of
the seven directors and two out of the three statutory auditors are selected as external corporate executives, monitoring and supervising
management from an independent perspective.

● Asahi Holdings Corporate Governance Structure

Shareholders' General Meeting
Board of Directors
7 Board Member（including 1 outside director)

Accounting
Auditors

Board of Auditors

audit

Auditors(including 2 outside auditors)
audit(Independent
Auditor)collaboration

Representative Director

Group Management Strategy Meeting

Each Department of Group Companies
audit

Internal Auditing
Asahi Pretec

Japan Waste− 25 −

audit

Maintaining an internal control
systemRisk management
To properly manage apparent and potential risks in businessactivities, we study risks from a comprehensive standpoint, against
which assessment is performed and actions taken. We are working
hard to prevent risks from arising, and to minimize losses whenrisks develop into a crisis, through the promotion of risk management.

We have enhanced our internal control system by establishing a
structure in which the Board of Directors, Board of Corporate
Auditors, Accounting Auditors, Internal Audit Department, andInternal Control Department each works effectively to develop
regulations and implement company-wide initiatives regarding
compliance, risk management, and information management.
Additionally, Asahi Way provides codes of conduct the Group
employees should adhere to in order to perform fair and soundbusiness activities.

Business continuity plan (BCP)
Due to various factors such as large scale disasters, there is a riskthat our Group’s functions needed for business continuity may
weaken. As an action plan to achieve quick restoration of missioncritical functions even after a disaster, we created a business
continuity plan and have carried out the following initiatives:

Compliance
We consider compliance a priority issue in delivering fair businessactivities and ensuring legal compliance and high ethical standards.
Particularly, operations related to appropriate processing of wastes
are based on environmental laws and regulations as well as governmental licenses, and each and every employee is required to always
act with a highly compliant mindset. We are conducting activities
to raise the legal compliance awareness of each and every employee through education and mutual communication, along with rules
and manuals related to compliance.

・Installation of power generators in major plants to supply
backup power・Suppression of peak power [use] by adjusting running hoursof plant equipment and by saving electricity in offices
・Strengthening of backup of information systems including
servers
・Decentralization of some parts of production and processing(multiple locations supplementing each other)・Enhancing of earthquake resistance in equipment andfacilities
・Reinforcement of facilities to prevent leakage or diffusion ofchemicals, etc.
・Storing of drinking water and food at all Group locations (43sites)
・Maintaining a system for safety confirmation and updated
emergency contact information

Handling of Conﬂict Metals

IT Protection Education Program

Adhering to a strict rule on neither purchasing nor using any conflict minerals, we construct and operate our management system
by setting our procurement and management policies. Receiving
a designated third-party audit, in compliance with EICC Gold Conflict-free Smelter Program (www.conflictfreesmelter.org), we acquired the relevant “EICC Gold Conflict-Free Smelter Program Certification”. Asahi Pretec Corp. will fulfill a level of responsibility
commensurate with a recycler of precious metals and will make aneffort in neither purchasing nor using any conflict minerals so that
our customers around the world can make use of our precious
metal products without anxiety.

Internal reporting system
To quickly identify and resolve problems such as unlawful andunjust behavior, we have set up “Asahi Hotline” (internal issue-reporting program). An external law firm acts as a contact point andresponds to calls, including anonymous disclosures. We improve asystem where disclosed matters are to be investigated and corrective actions taken without revealing the identity of the disclosing
and disclosed parties.

*Conflict metals can be defined by any conflict minerals derived from countries orregions, in which any inhuman acts such as conflicts, human trafficking, slavery,
forced labor, child labor, abuse, war crimes, any terrorist activities, or any fraudulent activities such as money laundering, which can become a source of war
chests.

− 26 −

For the Society

WITH OUR CUSTOMERS
We make efforts to provide detailed responses to the wide-ranging needs of each of our customers
under our motto that “customers come ﬁrst.”

Initiatives to
Improve Customer Service● Customer Satisfaction Surveys● Fair trade initiatives

We periodically conduct Customer Satisfaction Surveys. We survey
the level of satisfaction with our business activities as a whole, andthen improve upon problem areas based on the results of thereports. Hereafter, we will continue conducting periodic surveys
and working to improve customer satisfaction.

Our group [of companies] provides, in the Asahi Way (Page 3),“Prohibition of Acts That Compromise Fair Competition”, “Confidentiality of Supplier Information and Technology”, “Prohibition of
Inappropriate Offering/Receiving of Benefits” and other rules, toensure fair trade practices and compliance with corporate ethics.

Quality Assurance System

Risk Management System for
Information Leakage

We hold a Quality Assurance Meeting that is led by the Quality Assurance Division through an amalgamation of our Sales Division,
Technology Development Division, and Product Manufacturing Division. Through this meeting we share information such as customer opinions and market trends in our efforts to improve customer
satisfaction. In addition, in order to provide customers with products that earn greater reassurance and satisfaction from customers,
we have acquired ISO9001 certification and strive to make continuous improvements to our quality management system and maintenance and enhancement of quality. In March 2010, we integrated thecertifications of four bases which acquired ISO9001 certification andstarted operation of a company-wide uniform quality managementsystem. Furthermore, Asahi Pretec also makes efforts to reduce theenvironmental burden while giving consideration to “green procurement” and the Restriction of Hazardous Substances (RoHS) Directive, which is a European regulations on chemical substances.

We employ the latest security measures on PCs and tablet-type devices used by sales persons. In case of the property loss or theft, we
can reduce the possibility of information leakage close to as zero bymeans of deleting the information through remote operation, andetc. Recycling Centers located in Saitama and Amagasaki acquired
ISO27001 certification in March 2011. We provide a data deletionand HDD destruction, etc. service as measures to prevent information leakage in connection with disposal of PCs and contribute to
information protection through our business activities.

Acquisition of
ISO 9001 approval
Asahi Pretec Co., Ltd.
Technical Research Center
Fukuoka Plant
Ehime Plant
Saitama Plant

Data deletion using an exclusive software

ISO9001 Certiﬁcate− 27 −

WITH OUR COMMUNITIESUnderstanding and support from people in local communities are indispensible for our company since we develope
our business operation across the county. To be a company that coexists with society as a corporate citizen, we
carry out activities that are rooted in communities in various ways.

Our Initiative Activities● Effort for the Environment Beautiﬁcation
Since 1999, at the time of Okinawa Office establishment, all thestaff member at Okinawa Office have cleaned up beaches aroundNishizaki area in Itoman City. It sometimes happens at the sea inthe district that marine creatures eat the rubbish by mistake. We
feel even more keenly the importance of the continuous environment cleaning activities and will make continued efforts for thecommunity environment conservation activities.

● Kobe Association of Corporate Executive’s

Forest Project
We participate in “The Kobe Association of Corporate Executive’s(KACE) Forest Project”, a volunteer program organized by KACE.
This program is intended to assist efforts to develop the forests
over five years, and employees of participating companies work on
forest conservation and engage in nature walks. The program
includes volunteer activities (forest thinning and improvement
cutting) on Mt. Futatabi-san in the Rokko Mountains, and willcontinue in the future.

● Patrol Activity for the Illegal Waste Dumping/

Clean-up Activity
Ecomax Co., Ltd., one of our group companies, conducts a regularenvironment patrol around Samukawa town in Chigasaki city cooperating with companies belonging to Industrial Wastes Associationin the central district of Kanagawa Prefecture. We also engage in theclean-up and environment beautification activities around the Sagami River, which is one of the most precious water sources.

− 28 −

For the Society

Social Contributions ThroughBusiness Activities
We agree with the purpose and support the activities of the 8020
Promotion Foundation for the 8020 Campaign (a campaign to still
have over 20 of one’s own teeth upon reaching the age of 80).
We also recycle the removed teeth crowns collected by dental clinics
that agree with the purpose of the cooperating organization forreproducing precious metals such as gold and palladium. The net
profits obtained from sales of these precious metals are madeavailable as funds to assist the activities of various cooperatingorganizations.

©V. Dupont/Medecins Du Monde
Medical assistance by Medecins Du Monde<Major organizations that our company assists>● The 8020 Promotion● The Japan Cleft Palate

Foundation

Foundation, a Speciﬁed NPO(Provides medical assistance to children withoral handicaps such as cleft lips and palates)● Medecins Du Monde Japon, a Speciﬁed NPO(Provides medical assistance to people suffering from wars
and natural disasters)

TOPICS

Participation in the TOOTH FAIRY Project
The social project “TOOTH FAIRY”, promoted by the cooperation of Nippon Foundation and Japan Dental Association, recycles metals that have finished their functional role at dental clinics across Japan to support children andtheir families both domestically and abroad. As a partner company in metals recycling, we participate in supporting and operating this project. The project contributes establishing “The Ocean View Forest”, a facility that
supports children with incurable diseases and serious disabilities, and “Child Chemo House - Dream Hospital”, a
residential center for pediatric chemotherapy that allows children and their families to live together during their
healing. As an overseas project, we have built schools in Myanmar to support the education of economicallydisadvantaged children.

TOPICSInternational Environmental Management Program
Asahi Pretec Corp. participated, as a cooperative company, in the
Fukuoka International Environmental Management Program foryoung administrative officers assuming the role of environmental
measures and policies in Asian countries. Trainees from overseas
were invited to our Kita-Kyushu Plant and a lecture on the industrial waste and incineration disposal a plant tour were conducted.
They gained better understanding about the industrial treatment
technology through lively questions from the trainees.

− 29 −

WITH OUR EMPLOYEES
By respecting individuality, we aim to create a positive and cohesive workplace in which employees
develop their skills through work and ﬁnd something to live for. Also, we are providing various support
so that each and every employee can bring out the best in their work and engage and ﬁnd their duties“rewarding” and “fulﬁlling”.

Creating an Environment Where People Can Work Free from Anxiety

Living one’s life by utilizing the abilities to full extent while striking a balance between
challenging, rewarding work and a fulfilling personal life is not only important to employees,
but to the company as well. There are a wide variety of important values in one’s personal
life, such as family, health, sports, and hobbies, which vary depending on each individuals.
Our company offers support which allows employees to strike a balance in their personal andworking lives.

Work-Life Balance● Holding General Meetings of Employees● Mental Healthcare

We hold a general meeting of employees every year. At the general
meeting of employees a number of different activities are held,
including a message from CEO, presentations on the previous term’s
performance and priority issues for the current term and discussions
between top management and employees.

It is said that stress from work or daily-living related anxieties or
worries is spreading in our modern society.
At Asahi Holdings, we believe that mental health is a vital key to ouremployees’ productivity and the improvement of their vitality, andwork with industrial medical professionals with expertise on mental
healthcare to provide individual consultations and preventive
seminars. In addition, efforts are made toward comprehensive
health management and seminars concerning better health throughmedical viewpoints are given whenever necessary.

General Meeting of Employees● Our Healthcare Administration

Individual Consultation

Regular physical examination programs (e.g., checkup for preventing lifestyle-related disease, checkup for people engaged in designated operations, and general medical checkup), which are requiredby law, are offered to all employees. For those aged 45 or above andall managers, a comprehensive medical checkup program is offered.
We also support medical checkups for brain and PET scans for early
detection of cancer upon requests from eligible employees.
100% of the employees go through these routine checkups, whichshows that both the company and the employees are committed to
improving health, preventing disease, and detecting early symptoms.

Mental Health Care Management Traiing− 30 −

For the Society● Self-assessment system● Childcare Leave

Once a year, all employees are asked to carry out a written self
assessment on topics including how effectively they are using theirabilities, their suitability for their roles, their feelings of challenge
and accomplishment, and the atmosphere in their workplace, andare invited to write about their desired career path. The report cardalso includes a checklist to self-diagnose the degree of fatigue
accumulation. The completed self assessments are submitted
directly to the HR department, which works together with employees’ managers and supervising directors in order to adjust personnel
assignments, improve the work atmosphere, and promote a feelingof rewarding and encouraging work.

The Company supports the balance between birth, childcare andnursing care of family members and work. We support working
patterns suited to the lifestyles of employees by shortening working
hours specified in the childcare leave system.

● Holiday for Refreshment
This is a system whereby employees can take three to five days ofcontinuous holiday time every year beginning in their second year.
This makes it possible to take nine days of continuous vacation time
if weekends are included, which can be used for travel with family or
hobbies.

● Interviews for all employees
Every three years, individual interviews are held for all employees.
Employees are asked about their current work environment andtheir jobs in the interview. In order to improve the working environment by taking into account the work-life balance for each employee, employees are advised to maintain an appropriate workload aswell as [appropriate number of] working hours.

● Employee Survey
Every three years, an “employee surveyl” is given to all company
employees. This survey is carried out in order to objectively measure employees’ attitudes to and levels of satisfaction with theirworkplace, work, managers and the company, and their awarenessof the corporate culture. The survey results are used to promote thefurther development of the organization and its employees.

● Supporting Company Club Activities
Communication between colleagues and with clients is enhanced
through club activities such as baseball and futsal.

● Employment of Disabled Persons
Employees with disabilities engage in the same types of work thatphysically unimpaired employees do at our workplaces.

Amagasaki Recycling Center− 31 −

Fostering Human Resources

Employees at all levels/in all lines of work are encouraged to become professionals with anemphasis on expertise, and are offered original certification programs as well as internal
educational curriculums. Additionally, so-called ASG Activities are carried out in small groups
on a voluntary basis. Furthermore, we hope to cultivate ambition in employees through aperformance-based personnel system which evaluates the performance and contributions ofeach employee in an impartial and fair manner.

HR development
philosophy● Employee Training Program
Our company provides education suited to the employees’ level ofproficiency from the time they join the company (Entrance Training,
Step-up Training, Power-up Training), as well as education andtraining for selective human resources by rank (Junior Leader
Training, Manager Training, Leader Training). In addition to which

we also instill each individual with the practical knowledge neededby professional human resources through training by division andtechnical ability education. We have also established training
programs which make it possible to nurture specialized capabilities.

Step-up Training

Power-up Training

Training by rank

Entrance training

Self-education

Support for acquiring qualifications

Correspondence education

ASG Activities (Asahi Small Group Activities)

DIPS Training (Dental Division training)− 32 −

Promotion test and training

Leader Training

Manager Training

Junior Leader Training

Power-up Training (around 1 year after joining the company)

Step-up Training (around 3 to 6 months after joining the company)

Primary
management
positions

Training upon joining
the company

Mid-level
management
positions

Training for management positions
upon joining the company

High-level management positions
Specialized andfull-time positions

Training for new entrants

Training by division

For the Society

Promoting Safety and Health Activities
Initiatives for OSHMS

Environmental Safety Education

It is essential to nip disasters in the bud by focusing on the innumerable risks latent in the workplace and reducing such risks in advanceso as to reduce the number of disasters. Our company aims to
improve the safety and health standards of our workplaces by
incorporating the reasoning behind the Occupational Safety and
Health Management System (OSHMS*) and reducing risks.
Our OSHMS is based upon reducing workplace risks by repeatedly
applying the PDCA Cycle. This is a sequential cycle which runs from“establishing a plan” based on assessments of factors contributing torisk and hazards (Plan) -> “implementing the plan” (Do) -> “evaluating the results of the plan” (Check) -> “revisions and improvements
based on the evaluation” (Act).

Environmental safety education is conducted as part of the Human
Resource Fostering Program in the employee training systemdescribed above, and teaches things like a frame of mind for safely
conducting work and basic knowledge of hazardous substances.
Furthermore, we also incorporate into this role play-type education
which holds group discussions by envisioning specific emergency
situations, such as how you should react if a fire were to break out
during working hours. We also contrive of means to enable individuals to correctly understand the actions that should be taken at theactual work site.

A(Act)

Revise and improve

C(Check)Conﬁrm and evaluate
the progress

D(Do)Implement
the plan

Environmental safety education

P(Plan)In terms of on-site support, on-the-job training (OJT) is provided by
specialized staff concerned with health and safety at our sales andplant sites. We strive to improve health and safety in workplaceenvironments by means of safety instruction to workers and persons
in charge.

Create a plan

Rank challenges
in order of priority
Identify and evaluate
risk factors* Occupational Safety and Health Management System

TOPICS

Approach to Safety Activity

We make an effort for a risk reduction by picking up and improving potential risks in the work place. In January 2012, a
special project team for tightening security measures was
set up in order to accept and study the information of theserious industrial accidents, the hazardous waste liquid spillincidents and the explosion accidents occurred in othercompanies. We made on-site visits with our revised strict
safety standards and found 94 risk factor items, which canlead to serious accidents. In FY2012, we implemented a risk
assessment of those risk factors extracted and 32 items were
improved by prioritizing of the measures and actions. Continuous amelioration for the rest of the items will be executed accordingly.

Plant training− 33 −

Responding to Emergencies

Safety Commendation Activities

By way of safety measures at plants, our company seeks out risks
regarding our business activities, decides on a “Safety Promotion
Director” for each work site, and takes preventive measures. In
addition, we have set in place a structure for promptly responding
to any problems in the event that something should occur.
Furthermore, as a means of responding within the company andoutside the company when emergencies occur, we have completed
the “Emergency Response and Management Manual. ” We have also
distributed “Accident and Disaster Response Procedures,” whichcontain essentials for responding to accidents and disasters when
they initially occur, and have mandated that every employee mustcarry these with them at all times.
We set up the disaster headquarters led by our CEO of Asahi Holdings on the day of the Great Eastern Japan Earthquake in March,
2011. Then we confirmed all of the safety of our employees andtheir family members and offered support for our damaged production/sales sites to be restored.

Every year, we strive to enhance awareness of safety by holding
activities to commend business sites and employees who havemade a contribution to safety management at general meetings of
employees.

TOPICS

Safety commendation

Re-assessment of Heightof Tsunami, Tidal Waves

Creating Vital Workplaces
Through Small Group Activities

We re-assessed the envisioned maximum height of Tsunami
of each office in our group companies in preparation for
Tokai Earthquake, Tonankai Earthquake, Nankai Earthquake,
which are said they are well overdue and ready to happen at
any moment. Cabinet Office released them re-assessed number of the maximum height of each earthquake. Based on thenumbers reviewed, we re-investigate the height of Tsunami
at each office in group companies and shared the information of the evacuation area, the route, etc. Each office conducts an emergency drill to prevent the expansion of thedamage and to take measures so that we can act appropriately without any confusion in a state of emergency.

We implement what we call Asahi Small Group Activities (ASG
Activities) with voluntary participation from employees within thesame workplace. Through these activities, participants use theircreativity to work toward solving issues and problems within theirworkplace. Groups with outstanding efforts are awarded at theemployee general assembly.

Fireﬁghting training

INTERVIEW

Taking Part in AGS Activities

Kyushu Plant, where I work for, treats, disposes and manages the industrial wastes properly, which
are collected from all customers across the nation. On-site inspections by our customers, who are
the original waste producers, and factory tours by the overseas trainees are frequently made atour plant. Providing a thorough control, as a trusted and reliable factory offering a proper disposal for the industrial waste, we take a serious effort for the plant aesthetic maintenance and improve the work environment. Emphasizing on the self-maintenance and the management rule
review, we have aimed for getting the state of “the always well-organized plant “entrenched,without just ending a simple cleaning activity, by creating the working atmosphere where everybody can work on one’s own initiative. The activity brought us a lot of positive impacts on ourdaily work such as a smooth communication among the organization and the deep understanding of the facility derived from the enhancment of the self - maintenance consciousness.

− 34 −

Group Leader Koji Kodama
Kita-Kyushu Plant

For the Society

WITH OUR SHAREHOLDERS AND INVESTORSWe are proactively promoting growth strategy and striving to improve corporate value and provide
stabilized returns to our shareholders through business development.
● Stock Distribution by Shareholders● Net Sales

Securiteis ﬁrms
555,339 stocks

1.53%
Treasury Stocks
3,517,739 stocks

9.70%

Indivisuals and Others
13,943,247 stocks

38.46%

Other Corporations
3,608,700 stocks

9.95%
Financial Institutions
7,424,650 stocks

20.48%

Foreign Investors, etc.
7,204,669 stocks

19.87%
as of March 31, 2013

● Operating Proﬁt

Basic Policy on Shareholder Returns
In order to continue to grow our corporate value, we carry out strategic investment for growth while working to enhance our revenue
base. Our payout ratio is a key metric in the distribution of the proceeds of this, and we return profits to our shareholders through theprovision of a stable dividend.

● Dividend Per Share● ROE (Return on Equity)

TOPICS
Selected “ESG Theme Issues” by Tokyo
Stock Exchange (TSE) Group, Inc.

● Capital Equity Ratio

ESG stands for “Environmental”, “Social”, and “Governance”.
It is expected that appropriate evaluation for companies’ attitudes toward ESG issues and its incorporation into investment decision will contribute to solving and improving environmental problems and social issues, as well as developing asound capital market. Fifteen companies were selected as acompany with high evaluation of ESG activities and higher
ROE compared to the industry average, and Asahi Holding
was evaluated and selected as one of the companies among
over 1,600 listing companies at TSE 1st section.

− 35 −

Reference

INDEX
37

Group History

39

Group Companies

Reference

GROUP HISTORY“Effective Utilization of Resources” and “Environmental Preservation”— these are the themes that we have been
consistently and invariably addressing since our foundation.

1981

We commercialized the recycling of silver fromphotographic development processes at a time whenpublic concern was not as focused on recycling andenvironmental issues as it is today. We also newly
entered the environmental preservation business.

Started objective management and internal proposal system
Announced practical use of the digital camera

We responded to changes in the market throughtechnical innovations while promoting the diversiﬁcation of our precious metal recycling business.

1952
Founded Asahi Chemical Laboratory.
Started silver recycling business from photographic fixing
solutions. The photography industry expanded significantly
along with the rapid economic growth, and the demand for silver
increased in industries related to silver for photo-sensitive
materials

1982

1959

1984

Started operation at Kobe Business Office

Launched precious metal recycling business in the filed of
plating solution

1964

Launched precious metal recycling business in the filed of dental
Determined the diversification of precious metal recycling business
foreseeing the reduction of the photo effluent treatment market

1986

Incorporated as a limited company

Launched precious metal recycling business in the filed ofelectronics components and jewelry
Developed compact electrolytic gold collection equipment
ZIPANG

1968
Kobe Plant constructed in Higashi-Nada-Ku, Kobe
Started supply of silver to Fuji Photo Film Co., Ltd.

1988

1969

Started manufacturing and sales of chemicals for plating

Introduced our own electrolytic silver recycling equipment aheadof the industry, making it possible to recycle silver with efficiency
and high purity

1971
Enactment of the Waste Management and Public Cleansing Law.
Required to control the amount of waste discharged and treat itproperly

1990
Entered into environmental preservation business other thanphotographic effluents

1993
Acquired Specially-controlled Industrial Waste Disposal License.
Establishment of the Basic Environmental Law which forms the
backbone of Japan’s environmental policy

Became a specified contractor with Photo Treatment and Environmental preservation System of Fuji Photo Film Co., Ltd.

Opened overseas ofﬁce to meet the needs for the
local collection of precious metal scrap in accordance with overseas business development of ourcustomers in Japan and listed on the stock market.

1974
Opened Fukuoka Office. Thereafter followed by offices andplants throughout the country

1975
1994

Acquired Industrial waste disposal license from Kobe City
(Detoxification of Photographic Effluent Treatment)

Established Asahi G&S Sdn. Bhd. in Malaysia

Developed a compact electrolytic silver recovery device “PLATA”

1997

1978

Merged five group companies and changed their names into
Asahi Pretec Corp.

Completed Head Office building in Higashi-Nada-Ku, Kobe
Registration of environmental measurement certification office− 37 −

1998

2007

Transferred headquarters operations to Sannomiya, Kobe City
Established Techno-Center

Established the Tokyo Headquarters in Marunouchi, Chiyoda-ku,
Tokyo

Started manufacturing of dental alloy

Merged Nishiki Kosan Co., Ltd.
Acquired Taiyo Chemical Co., Ltd.

1999
Acquisition of ISO9002 certification with Technical Research Center(Changed registration to ISO9001 in 2002)
Made initial public stock offering on over-the-counter market

Acquired part of the environmental business from SANIX INCORPORATED, established Kitakyushu Office2008
Established Japan Waste Corporation

2000

Acquired Fuji Rozai Co., Ltd.

Acquisition of ISO14001 certification with Technical Research Center

Carrying on with challenges in aspiring to be a leading
company in the eco-business that contributes tosociety through its businesses.

Entered into indium refinery full operations
Listed on the 2nd Section of the Tokyo Stock Exchange

Promoted an expansion of the items dealt with andenlarged our service provision area through M&A inorder to meet the increasingly diverse needs of ourcustomers concerning waste treatment.

2001
Acquired Sansho Co., Ltd., Daimon Co., Ltd., and Eco-Material Co.,
Ltd.

2002
Promoted to the 1st Section of the Tokyo Stock Exchange
The 50th Anniversary

2003
Shanghai Asahi Pretec Co., Ltd., established in China

2004
Acquired Nihon Chemitech Co., Ltd.

2005
Acquired Shioiri Kenzai Co., Ltd.

2009
Asahi Holdings, Inc. newly listed after transferring to a holding
company
Launched glass recycling business at JW Glass Recycling after
acquiring a part of the glass recycling business from Iyo Glass2010
Established a joint-venture in China, Jiangmen Asahi Pretec
Kanfort Environmental Management Co., Ltd.
Acquired Ecomax Co., Ltd
Opened Yokohama Office of Japan Waste Corporation
Established Asahi Pretec Korea Co., Ltd. and launched dental business in Korea

2011
Launched E-scrap business
Acquired Usuda Manufacturing Co., Ltd.
Acquired Kyodo Chemical Co., Ltd.

2012
Acquired INTER CENTRAL, INC.
Shioiri Kenzai Co., Ltd. merged into Fuji Rozai Co., Ltd.

Expanded auto-catalyst recycle business
Daimon Co., Ltd. merged to Nihon Chemitech Co., Ltd.

2013
Established Asahi Pretec Taiwan Co., Ltd. in Taiwan

2006
Acquired Iyotec Co., Ltd.
Acquired Nishiki Kosan Co., Ltd.

Established a joint-venture, Asahi Shih Her Technologies Co., Ltd.
in Taiwan

Eco-Material Co., Ltd. merged to Nihon Chemitech Co., Ltd.

Opened The Representative Office of Asahi Pretec Corp. in Ho Chi
Minh City, Vietnam

Established Asahi Pretec Korea Co., Ltd. in Korea

Sansho Co., Ltd. changed its name to JW Logistics Co., Ltd.

− 38 −

Reference

ASAHI HOLDINGS GROUP COMPANIESAsahi Pretec Corp.

● Asahi Shih Her Technologies Co., Ltd

Precious Metal Recycling

Precious Metal Recycling

Collect, refine, recycle precious and rare metals used in a variety of areas such as
electronics, flat panel displays, catalysts, dentistry, jewelry, information device,
photography and so forth.

Joint venture with Shih Her Technologies Inc., a leading company in the precision
cleaning business in Taiwan.Precision cleaning and precious metal recycling fromjigs and tools of electronics, semiconductor and LED manufacturing equipments.
No. 17-2, Datong Rd., Hukou Township,Hsinchu County 30352, Taiwan(R.O.C.)

Environmental Preservation
Waste treatment and other environmental preservation efforts.

● Asahi G&S Sdn. Bhd. (Malaysia)<Domestic Base>● Usuda Manufacturing Co., Ltd.
Precious Metal Recycling

Collect precious metals from electronic parts and local jewelry manufacturers andrecycle them at the local plant.

Precious Metal Recycling
Plot 65, Lintang Bayan Lepas 6,Phase IV, Non FTZ, 11900 Bayan Lepas, Penang,
Malaysia
TEL: +60-(0)4-646-1292 FAX : +60-(0)4-646-2292

Engaged in the precision cleaning and degreasing business of components andrisen wafer cases from semiconductors/flat panel display manufacturing
equipment, and precious metal collection/analysis.

● The Representative Ofﬁce of Asahi Pretec Corp.

4063-1 Shigeno-Otsu, Tomi City, Nagano Prefecture 389-0512 Japan
TEL：+81-(0)268-62-4533 FAX：+81-(0)268-62-4534
URL：http://www.usuda-jp.com/

in Ho Chi Minh City
Precious Metal Recycling<Overseas Bases>● Asahi Pretec Korea Co., Ltd.
Precious Metal Recycling

Market research and local support for the Precious Metal Recycling Business
R.802.2 Vietnam Business Center, 57-59, Ho Tung Mau, Ben Nghe Ward, Dist.1,
Ho Chi Minh City, Vietnam

Collect and recycle precious metals from a wide range of areas including theelectronics industry and dentistry, etc.
（Seoul）#501, City Air Tower, 159-9, Samsung-Dong, Gangnam-Gu,
Seoul, 135-973 KOREA（Chungju）
Chungju 1 Sadan, 1131-2 Yongtan-dong, Chungju-si,
Chungcheongbuk-do, 380-250 North Korea
TEL：+82-(0)43-723-2503 FAX:+82-(0)43-723-2525
URL：http://asahipretec.co.kr/● Shanghai Asahi Pretec Co., Ltd.

Precious Metal Recycling
Collect precious metals from mainly Japanese IT manufacturers established in
China and recycle them at the local plant.
No.419 Sub-Chuhua Road, Fengxian Sub-zone, Shanghai Chemical Industry Park,
Shanghai, 201417 China
TEL：+86-(0)21-5744-8158 FAX:+86-(0)21-5744-8168● Jiangmen Asahi Pretec Kanfort Environmental

Management Co.,Ltd.
Precious Metal Recycling
Collect precious metals from mainly Japanese IT manufacturers established in
China and recycle them at the local plant.
No. 191, West Gaoxin Road, High-Tech Industrial Development Zone, Jiangmen
City, Guangdong Province, 529040 China
TEL：+86-(0)750-3920725 FAX：+86-(0)750-3920719● Asahi Pretec Taiwan Co., Ltd.

Precious Metal Recycling
Collect precious metals from electronics component manufacturers and etc. andrecycle them at the local plant.
No. 17-2, Datong Rd., Hukou Township,Hsinchu County 30352, Taiwan(R.O.C.)
TEL：+886-(0)3-597-0622 FAX：+886-(0)3-597-0625− 39 −

Japan Waste Corporation● JW Logistics, Co., Ltd.

Environmental Preservation

Environmental Preservation

1. Transform waste oil into fuel.

Collect and transport industrial waste and industrial waste subject to special
control.

2. Transform sludge ,etc., into cement materials.
3. Transform waste wood from construction materials into fuel for biomass power
generation.

4-1 Daikoku-cho, Tsurumi-ku, Yokohama City, 230-053 Japan

4. Efficiently separate and treat by crushing such industrial waste such as waste
plastics from industrial sites.

URL：http://www.san-shou.co.jp/

5. Clean and treat hazardous waste deposited on semiconductor manufacturing
devices and various laboratory facilities.
Conduct extensive industrial waste treatment and other environmental preservation business, integrated with affiliated companies under control of Japan Waste.

● Iyotec Co., Ltd.

TEL：+81-(0)45-718-5181 FAX : +81-(0)45-510-3450

Workers Dispatch/Contracting
Dispatch personnel, introduce human resources to manufacturers and contracts
for manufacturing business.

<Subsidiaries>● Nihon Chemitech Co., Ltd.
Environmental Preservation

3rd Floor, Yomiuri Nikkei Bldg.
799-2 Higashi-Futami, Futami-Cho, Akashi City, Hyogo Prefecture 674-0092 Japan
TEL：+81-(0)78-941-3377 FAX : +81-(0)78-941-3388
URL：http://www.iyotec.co.jp/

1. Detoxify industrial wastes from manufacturers of semiconductors, electronic
components, etc., by neutralization and biotreatment.

● Taiyo Chemical Co., Ltd.

2. Biotreat, dewater and reduce volume of organic waste liquids and sludge fromfood discharged from various food manufacturers and restaurants. In addition,
produce compost from organic waste.

Environmental Preservation

5-1-39 Ryoke, Kawaguchi City, Saitama Prefecture 332-0004 Japan

1. Incinerate and neutralize waste oil and liquids discharged from electronics
components and photography industries.

TEL：+81-(0)48-222-8711 FAX : +81-(0)48-222-8719

2. Incinerate medical wastes from hospitals.

URL：http://nihon-chemitech.co.jp/106-2 Ishitani-Cho, Kagoshima City, Kagoshima Prefecture, 899-2701 Japan
TEL：+81-(0)99-278-1783 FAX :+81-(0)99-278-4463● JW Glass Recycling Co., Ltd.

URL：http://www.taiyo-kagaku.com/

Environmental Preservation● Kyodo Chemical Co., Ltd.

Recycle sheet glass and glass bottles.
4-3-2 Shin-kiba Koto-ku, Tokyo 136-0082 Japan
TEL：+81-(0)3-3521-6303 FAX : +81-(0)3-3521-6305
URL：http://www.jwglass.co.jp/

Environmental Preservation Business1. We collect, transport, and neutralize (intermediate process) industrial wastes
and specially-controlled wastes.

● Fuji Rozai Co., Ltd.

2. We recover and process liquid waste and films, etc., generated from printing
plate companies and hospitals.

Furnace Repair

2-4-5 Shinmei-Cho, Tomakomai City, Hokkaido 053-0055 Japan
TEL：+81-(0)144-55-2277 FAX :+81-(0)144-55-2838

Demolish and repair periodically glass manufacturing furnaces, waste
incinerators, etc.

URL：http://kyka.co.jp

Constructions● INTER CENTRAL, INC.

Civil engineering work of rivers, roads, bridges and tunnel, etc. Contract construction of water and sewerage and demolishing work.

Environment Preservation

Environmental Preservation

Manufacture and sales of heating equipment and construction of radiantair-conditioning systems.
417-1 Tokusagawa, Takizawa, Takizawa-Mura, Iwate-Gun, Iwate Pref. 020-0173
Japan
TEL: +81-(0)19-688-1031 FAX: +81-(0)19-688-1030
URL: http://www.i-central.co.jp/

Collect, transport, treat intermedialy and recycle fire-proof bircks, etc.
8th Floor, Nishi-Kamata NS Bldg. 6-36-11 Nishi-Kamata, Ota-ku, Tokyo 144-0051
Japan
TEL：+81-(0)3-3735-8111 FAX : +81-(0)3-3733-2479
URL：http://www.fujirozai.co.jp/● Ecomax Co., Ltd.

Environmental Preservation
Conduct concrete solidification treatment of combustion residue, dust andsludge, etc., produced by incineration treatment facilities, etc.
1590-4 Tabata, Samukawa-cho, Koza-gun, Kanagawa Prefecture 253-0114 Japan
TEL：+81-(0)467-75-1044 FAX : +81-(0)467-75-1217
URL：http://www.eco-max.co.jp/− 40 −Asahi Holdings, Inc.
11F Sapia Tower,
1- 7 -12 Marunouchi, Chiyoda-ku, Tokyo
100 - 0005, Japan
TEL : + 81 - 3 - 6270 - 1833
Website : http://www.asahiholdings.com

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