Annual Report 2021
(2020.4.1～2021.3.31)

Annual Report 2021
For the Fiscal Year Ended March 31, 2021
(This document adopts the format of Annual Select®.)

C.I. TAKIRON Corporation
NORTH GATE BUILDING, 3-1-3, Umeda, Kita-ku, Osaka(Securities Code: 4215)

Contact us via email from the following website:
https://www.takiron-ci.co.jp/english/【Group Corporate Philosophy】
MissionCreating a people- and earth-friendly future
That is to say, we will carry on fulfilling our responsibility and role in people’s lives and the global
environment. And to do so, we will tap into the various business resources we have built over the years.
Since our founding in 1919, the C.I. Takiron Group has been supporting people’s daily lives and creating abetter tomorrow, and we will continue to be a corporate group that provides peace of mind and comfort for
the future.

Aspired Corporate Culture

Pride in our accumulated value and the courage to transform
These are things that are important for us to have in order to achieve our Mission.
While remaining proud of the fact that we have refined our technology and built up trust over the past 100
years, we will continue to nurture a corporate culture that never settles for the status quo, is willing totransform, and always has the courage to boldly take on new challenges.

【Corporate Message】

Supporting today, changing tomorrow-1-

I. Summary of Selected Financial Data (Consolidated)Year ended March 31,

Net sales

122nd fiscal year

123rd fiscal year

124th fiscal year

125th fiscal year

126th fiscal year

2017

2018

2019

2020

2021

75,118147,805

150,650

139,432

134,470

4,519

8,204

9,200

7,611

8,807

2,695

6,579

6,391

13,091

5,332

3,962

7,351

6,474

11,685

7,846

49,43569,90974,31082,84087,36788,997141,116

138,251

144,956

142,743685.44700.99746.42835.82880.28

37.95

67.49

65.62

134.47

54.77

–

–

–

–

–

54.7

48.4

52.6

56.1

60.0

5.7

9.6

8.8

17.0

6.4

15.3

10.3

9.1

4.5

12.4

6,579

9,328

9,805

11,0174,365(2,537)(1,575)(9,620)(5,922)(2,191)(1,749)(9,160)(9,160)(3,115)(4,292)

16,04615,800

6,835

8,746

6,712

1,889
[497]

3,369
[750]

3,412
[718]

3,369
[687]

3,299
[690]

(Millions of yen)

Ordinary profit(Millions of yen)

Profit attributable to ownersof parent(Millions of yen)Comprehensive income(Millions of yen)

Net assets(Millions of yen)

Total assets(Millions of yen)

Net assets per share(Yen)

Basic earnings per share(Yen)

Diluted earnings per share(Yen)

Equity ratio(%)

Return on equity (ROE)(%)

Price earnings ratio (PER)(Times)Net cash provided by (usedin) operating activities(Millions of yen)

Net cash provided by (usedin) investing activities(Millions of yen)

Net cash provided by (usedin) financing activities(Millions of yen)

Cash and cash equivalents at
end of period(Millions of yen)

Number of employees[Separately, average numberof temporary employees](Persons)(Notes) 1. Net sales do not include consumption taxes.
2. Diluted earnings per share is not presented since there were no potential shares.
3. The Company carried out an absorption-type merger on April 1, 2017, with the Company as the surviving company and C. I.
Kasei Company, Limited as the extinct company. This merger falls under a reverse acquisition for the purpose of accounting forbusiness combinations and as such the Company is the acquiree and C. I. Kasei Company, Limited is the acquirer. Accordingly,
the fair value of the assets and liabilities recorded in the Company’s consolidated financial statements was measured
immediately before the merger, and has been transferred to C. I. Kasei Company, Limited’s consolidated balance sheets. Due tothis, continuity has been lost between the balance at the end of the fiscal year ended March 31, 2017 and the balance at the endof the fiscal year ended March 31, 2018. As a result, there is a significant difference when comparing the Selected Financial
Data figures for the 123rd fiscal year onward with figures from the 122nd fiscal year or before.
4. The Group has applied the “Partial Amendments to Accounting Standard for Tax Effect Accounting” (ASBJ Statement No. 28,
February 16, 2018) and relevant Guidances effective from the beginning of the 124th fiscal year. The Selected Financial Data
pertaining to the 123rd fiscal year consists of figures that have been adjusted retrospectively to reflect the aforementioned
accounting standard, etc.

-2-II. Message from the President“Creating a people- and earth-friendly future”

Kazuya Saito
Representative Director
President

In 2021, the C.I. Takiron Group formulated a new Group Corporate Philosophy in line with its ambition asa corporate group that continues to be trusted and needed by society.
【Group Corporate Philosophy】
Mission: Creating a people- and earth-friendly future

Aspired corporate culture: Pride in our accumulated value and the courage to transform

Since its founding in 1919, the C.I. Takiron Group has worked to support people’s life today and change
society tomorrow. We will continue to be a corporate group that creates the value of “Peace of mind andComfort” for the future.
We are required to take even stronger action for today’s growing social and environmental challenges. The
C.I. Takiron Group has put the first priority for “Solve social issues” in its medium-term management plan“Commit to Transformation 2023 (CX2023)” that it started in 2021. Through our business activities, wewill tackle various social issues as represented by SDGs such as decarbonization, climate change, water
resources, food issues, and human rights. We have a century-long history of solving actual social issues. We
will contribute to the realization of a sustainable society by responding to changes in the world andcontinuing to pursue new possibilities by making full use of the technology of the C.I. Takiron Group.
We sincerely appreciate your continued support.

-3-III. Business Progress and Results
In the Japanese economy in the fiscal year under review, although the economy was picking up whileraising the level of socioeconomic activities amid the significant impact of the novel coronavirus disease(COVID-19) pandemic, the outlook remains uncertain due to a resurgence in the number of infections.
Against this background, the Group has implemented measures in the final fiscal year of its medium-term
management plan, “Good Chemistry Good Growth 2020,” to maximize beneficial effects of the merger andenhance the growth and profit-earning capability of the entire Group, and focused on system enhancements
for steady growth in the future.
As a result, the Company reported the following results for the fiscal year ended March 31, 2021. Net sales
amounted to ¥134,470 million (down 3.6% year on year), operating profit amounted to ¥8,511 million (up15.4% year on year), ordinary profit amounted to ¥8,807 million (up 15.7% year on year), and profit
attributable to owners of parent amounted to ¥5,332 million (down 59.3% year on year), due to a negativerebound effect following the recording of extraordinary income in the previous fiscal year as a result of thetransfer of non-current assets at a consolidated subsidiary of the Company.
Operating results by business segment are as follows.
Construction Materials Business Segment
In the Housing Materials Business, sales of its mainstay polycarbonate daylighting building materials andhousing materials decreased as a result of a slump in new housing construction projects despite continued
steady sales for home centers due to demand from people staying at home in response to the COVID-19
pandemic. As the other negative factor, in the Commercial Signage Business, the demand for commercial
facilities significantly shrank due to the impact from users reducing advertising expenses. As a result, theHousing Materials Business recorded lower sales on a year-on-year basis.
In the Flooring and Decorative Materials Business, sales of the flooring department decreased as a result of
the large impact from cancellations or postponements of apartment building renovation projects caused by
the COVID-19 pandemic. The decorative materials department also recorded a significant drop in sales of
products for construction projects in Japan and, despite the recovery trend in some areas overseas, there
were no signs of a recovery in the North American and Chinese markets. Accordingly, the Flooring and
Decorative Materials Business recorded significantly lower sales on a year-on-year basis.
As a result, net sales of the Construction Materials Business segment was ¥42,147 million (down 9.0% year
on year), and operating profit was ¥2,069 million (down 38.0% year on year).
Environmental Materials Business Segment
In the Agricultural Materials Business, despite the rush in demand ahead of the price increase of somematerials for plastic greenhouses at the end of the fiscal year and other factors, demand has not fully
recovered overall due to the impact of the pull-back following the special demand caused by wind damage
in the previous year, manufacturers refraining from purchasing due to the COVID-19 pandemic, delays or-4-

postponements of business projects, etc., and sales of film for agriculture and plastic greenhouse-relatedmaterials decreased.
In the Infrastructure Materials Business, although sales decreased slightly due to the continued impact ofconstruction delays caused by the COVID-19 pandemic and heavy snowfall, sales for disaster-recovery
demand and pipe rehabilitation work were steady and sales of Hawer pipes for large projects werefavorable. Accordingly, profits grew considerably.
As a result, net sales of the Environmental Materials Business segment was ¥54,930 million (down 1.3%
year on year), and operating profit was ¥2,329 million (up 68.7% year on year).
High Functional Materials Business Segment
In the High Functional Materials Business, sales of its mainstay industrial plates recovered quickly due toincreased demand for semiconductor manufacturing equipment. Sales of PET plates also continued to befavorable, mainly for panels for blocking airborne droplets. Sales of nanomaterials grew, driven by strong
demand for telecommunications equipment and data center facilities. However, despite signs of a pickup
for some products of polycarbonate sheets for optical applications and eyeglass frame materials, the High
Functional Materials Business recorded lower sales as a result of the impact of the COVID-19 pandemic.
As a result, net sales in the High Functional Materials Business segment was ¥17,478 million (up 1.2%
year on year) and operating profit was ¥1,803 million (up 37.3% year on year).
Specialty Films Business Segment
In the BONSET Business, sales decreased due to difficult conditions regarding sales of shrinkable film inJapan and the European market despite the demand in the North American market from people staying at
home in response to the COVID-19 pandemic.
Sales in the SANZIP Business increased as sales of re-closable zipper tape were firm, mainly in Japan,
Asia, Europe and America.
As a result, net sales in the Specialty Films Business segment was ¥19,464 million (down 1.1% year onyear), and operating profit was ¥1,984 million (up 71.7% year on year).

-5-Net Sales and Operating Profit by Business Segment
Fiscal year ended March 31, 2020
Net sales

Operating profit(Millions of yen)
Fiscal year ended March 31, 2021
Net sales

Operating profit

Construction Materials Business

46,3103,338

42,147

2,069

Environmental Materials Business

55,6391,381

54,9302,329High Functional Materials Business

17,267

1,313

17,478

1,803

Specialty Films Business

19,684

1,155

19,464

1,984

531

66

448

47

–

117

–

277

139,432

7,372

134,470

8,511

Other
Adjustment
Total(Notes) 1. The “Other” category is a business segment not included in reportable segments under which operations such as
sales of test machines are classified.
2. The adjustment to operating profit represents corporate expenses not allocated to each segment.
3. Total operating profit corresponds to operating profit of Consolidated Statements of Income.

-6-IV. Corporate Governance
Basic Approach to Corporate Governance
C.I. TAKIRON Corporation regards strengthening corporate governance as a management issue of primary
importance in order to improve management efficiency and transparency, earn the trust of all stakeholders
including shareholders, and continuously improve corporate value.
Reasons for Implementation of Corporate Governance Framework
C.I. TAKIRON Corporation employs the corporate governance framework of a company with audit andsupervisory board members. Three of the directors are outside directors with specialist knowledge,
experience and an independent perspective, in order to provide advice from an external viewpoint andenhance deliberations by the directors while also monitoring and supervising the execution of their duties.
Alongside auditing with respect to legality by the audit and supervisory board members and the Audit &Supervisory Board, efforts are also made to strengthen governance.
C.I. TAKIRON Corporation’s corporate governance framework is as shown in the diagram below.

Corporate Governance Framework
General Shareholders’ Meeting
Elect, Dismiss

Make decisions
and Supervise

Elect, Dismiss

Board of Directors

Audit & Supervisory Board

Audit

4 Audit & Supervisory Board Members(of which 2 outside Audit &Supervisory Board Members)

6 Directors(of which 3 outside Directors)

Elect, Dismiss

Accounting
AuditorConsult/Report

Proposal ofimportant matters
Reports on
business execution

Nomination andRemuneration Committee

Appoint,
Supervise

Audit

Accounting Audits

Governance Committee
Business execution

President
Management
Committee

Compliance Committee
Medium-term Management Plan and Materiality
Management Committees

Proposal of important mattersregarding business execution

Internal Audit Office
Audit

Corporate
Planning Div.

Corporate
Administration
Div.

Construction
Materials Div.

Environmental
Materials Div.

High
Functional
Materials Div.

Specialty Films
Div.

Production Div.
R&D Dept.

4 Business Segments-7-

Recycling
Adaptive
Materials
Promotion
Dept.

V. Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of yen)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Deposits paid
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land
Leased assets, net
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-8-

As of March 31, 2020

As of March 31, 2021

8,746
38,036

6,712
37,092

7,182

9,093

13,7793,435
5,431
12,2201,378(46)
90,165

13,337
3,694
5,800
9,897
2,994
(38)
88,584

15,604
9,272
12,903
294
1,909
2,039
42,023
2,956

15,235
10,24812,904
247
873
2,437
41,947
2,661

3,274
3,598
22
2,917
(2)
9,810
54,790144,956

4,052
2,776
24
2,699
(2)
9,550
54,158142,743

(Millions of yen)

Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Lease obligations
Income taxes payable
Accrued consumption taxes
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Notes payable - facilities
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease obligations
Deferred tax liabilities
Provision for product warranties
Provision for share awards
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-9-

As of March 31, 2020

As of March 31, 2021

25,854
4,488
5,085
303
4,854
684
2,204

24,392
4,120
4,034
285
978
1,202
2,178

262

180

423
5,523
49,683

207
7,258
44,839

–
1,066
476
–
50
8,986
157
1,695
12,432
62,115

404
1,478
762
195
60
5,758
158
1,717
10,53555,375

15,18930,981
36,738(100)
82,80815,18930,98138,757(86)
84,840

(530)

499

(3)
(536)
(376)
(1,446)
1,478
82,840144,956

(0)
(157)
524
866
1,660
87,367
142,743

(2) Consolidated Statements of Income andConsolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Millions of yen)
Fiscal year ended
March 31, 2020
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income
Subsidy income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Sales discounts
Rental costs
Foreign exchange losses
Restructuring loss
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on sale of businesses
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Impairment losses
Loss on sale of investment securities
Loss on valuation of investment securities
Loss on valuation of golf club membership
Loss on liquidation of business
Provision for product warranties
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent- 10 -

Fiscal year ended
March 31, 2021

139,432
100,632
38,79931,427
7,372

134,470
95,45639,01330,502
8,511

12
142
155
68
394
772

23
109
146
68
330
679

112
57
98
55
91
118
534
7,611

59
55
89
28
–
150
382
8,807

12,33159
78
12,470

9
305
–
315

258
757
0
46
3
–
–
1,065
19,015
5,754
81
5,835
13,18088
13,091

86
469
1
363
0
305
195
1,422
7,700
1,841
348
2,189
5,510
178
5,332

(Consolidated Statements of Comprehensive Income)(Millions of yen)
Fiscal year ended
March 31, 2020
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests- 11 -

Fiscal year ended
March 31, 2021

13,180

5,510

(548)
(4)
(274)
(667)
(1,494)
11,685

1,030
3
401
900
2,335
7,846

11,623

7,645

62

200

(3) Consolidated Statements of Changes in Net Assets
Fiscal year ended March 31, 2020
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

Capital surplus

Retained earnings

Treasury shares

Total shareholders’equity30,97826,571(80)

72,65815,189Changes during period
Dividends of surplus(2,924)(2,924)

Profit attributable to ownersof parent

13,091

13,091

Purchase of treasury shares

(21)

(21)

Disposal of treasury shares

1

1

Change in ownership interestof parent due to transactions
with non-controlling interests
Net changes in items otherthan shareholders’ equity

2–

Total changes during period
Balance at end of period

2

–

2

10,167(19)

10,15015,18930,981

36,738(100)

82,808

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at beginning of period

13

Deferred gains
or losses onhedges0Foreigncurrencytranslation
adjustment
(282)

Total
Remeasureaccumulated
ments ofother
defined benefit
comprehensive
plansincome290

22

Noncontrollinginterests

Total net
assets

1,629

74,310Changes during period
Dividends of surplus(2,924)

Profit attributable to ownersof parent

13,091

Purchase of treasury shares(21)

Disposal of treasury shares

1

Change in ownership interestof parent due to transactions
with non-controlling interests
Net changes in items otherthan shareholders’ equity

2
(543)

(4)

(254)

(666)

(1,468)(151)(1,620)Total changes during period

(543)

(4)

(254)

(666)

(1,468)

(151)

8,530

Balance at end of period

(530)

(3)

(536)

(376)

(1,446)

1,478

82,840- 12 -

Fiscal year ended March 31, 2021
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

Capital surplus

Retained earnings

Treasury shares

Total shareholders’equity30,981

36,738(100)

82,80815,189Changes during period
Dividends of surplus(3,314)(3,314)

Profit attributable to owners ofparent

5,332

5,332

Purchase of treasury shares

(0)

(0)

Disposal of treasury shares

13

13

Net changes in items other thanshareholders’ equity–

Total changes during period
Balance at end of period

–

–

2,018

13

2,032

15,18930,98138,757(86)

84,840

Accumulated other comprehensive income
Valuation
Deferred gains
difference onor losses onavailable-forhedges
sale securities
Balance at beginning of period

(530)

(3)

Foreigncurrencytranslation
adjustment
(536)

Total
Remeasureaccumulated
ments ofother
defined benefit
comprehensive
plansincome(376)(1,446)

Noncontrollinginterests

Total net
assets

1,478

82,840Changes during period
Dividends of surplus(3,314)

Profit attributable to owners ofparent

5,332

Purchase of treasury shares(0)

Disposal of treasury shares

13

Net changes in items other thanshareholders’ equity

1,029

3

379

901

2,312

181

2,494

Total changes during period

1,029

3

379

901

2,312

181

4,526

Balance at end of period

499

(0)

(157)

524

866

1,660

87,367- 13 -

(4) Consolidated Statements of Cash Flows(Millions of yen)
Fiscal year ended
March 31, 2020
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Loss (gain) on sale of investment securities
Loss (gain) on valuation of investment securities
Loss (gain) on disposal of non-current assets
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Payments for accounts payable - other resulting from transition
to defined contribution pension plan

Increase (decrease) in provision for productwarranties
Loss (gain) on sale of businesses
Restructuring loss
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Proceeds from sale of businesses
Decrease (increase) in deposits paid
Proceeds from purchase of shares of subsidiaries resulting inchange in scope of consolidation

Other, net
Net cash provided by (used in) investing activities- 14 -

Fiscal year ended
March 31, 2021

19,015
4,682
757
67
(902)
(154)
112
(59)
46
(12,073)
8,140
(267)
(5,989)

7,700
5,378
469
(36)
(2,201)
(133)
59
(303)
363
76
(834)
(12)
(1,415)

(509)

–

–

195

(78)
91
418
13,298154(118)(2,316)
11,017––
2,487
11,793133(48)(7,512)
4,365(10,433)
15,159
(936)
(490)
109
95
(9,004)(4,817)
18
(427)
(13)
551
–
2,322

–

25

(421)
(5,922)149(2,191)

(Millions of yen)
Fiscal year ended
March 31, 2020
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Repayments of lease obligations
Purchase of shares of subsidiaries not resulting in change inscope of consolidation

Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period- 15 -

Fiscal year ended
March 31, 2021

299
–
(15)
(243)

(1,108)
375
–
(198)

(99)

–

(21)
(2,924)(111)(3,115)(0)(3,314)(46)(4,292)

(68)

83

1,911
6,835
8,746

(2,034)
8,746
6,712

VI. Company Information
Company Information (as of March 31, 2021)
Trade name:Date of establishment:
Listing date:
Business year:
Share capital:
Number of employees:
Head office:

C.I. TAKIRON Corporation
December 1935
October 1961
From April 1 to March 31¥15,189 million
3,989 (including 690 temporary employees; on a consolidated basis)
NORTH GATE BUILDING, 3-1-3, Umeda, Kita-ku, Osaka,
530-0001 Japan
Telephone:+81-6-6453-3700
Consolidated subsidiaries:
SANWA SIGNWORKS CO., LTD.
TAKIRON KC HOME IMPROVEMENT CO., LTD.
NIPPON POLYESTER CO., LTD.
BONLEX EUROPE S.R.L.
TAKIRON MATEX CO., LTD.
HOKKAIDO SANPLUS CO., LTD.
YOKOBI CO., LTD.
C.I. AGRO CO., LTD.
C.I. MATEX CORPORATIONSHANGHAI C.I. KASEI TRADING COMPANY LTD.
PT. TAKIRON INDONESIADAILITE CO., LTD.
DAIPLA CORPORATIONTAKIRON ENGINEERING CO., LTD.
TAKIRON-ROWLAND LIMITEDTAKIRON POLYMER CO., LTD.
CIK NANOTEK CORPORATIONTAKIRON PLASTICS (CHANGZHOU) CO., LTD.
MAVERIQ PARTNERS INC.
TAKIRON TECH CO., LTD.
SHANGHAI CIK ELECTRONICS CO., LTD.
BONPACK CO., LTD.
BONSET AMERICA CORPORATIONBONSET LATIN AMERICA S.A.
SHANGHAI SANPLUS PLASTIC CO., LTD.
C.I. TAKIRON LOGISTICS CO., LTD.
DAIPLA WINTES CO., LTD.
(Notes) 1. During the fiscal year ended March 31, 2021, the Company acquired shares of MAVERIQPARTNERS INC. and made it a consolidated subsidiary.
2. On April 1, 2021, TAKIRON KC HOME IMPROVEMENT CO., LTD. changed its trade name to
C.I. TAKIRONPLUS CORPORATION after becoming the succeeding company in the Company’s
company split of a part of the sales business relating to the construction materials area of the housing
construction materials division.
3. On April 1, 2021, DAIPLA CORPORATION changed its trade name to C.I. TAKIRONCIVIL
CORPORATION after conducting an absorption-type merger of TAKIRON ENGINEERING CO.,LTD., and then becoming the succeeding company in C.I. MATEX CORPORATION’s company
split of its civil engineering division.

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Directors and Audit & Supervisory Board Members (as of June 25, 2021)
Representative Director President
Director Senior Managing Executive Officer
Director Senior Managing Executive Officer
Director*
Director*
Director*

Kazuya Saito
Takahisa Miyake
Akihiro Ueda
Mune Iwamoto
Kenichi Hatano
Yoshiko Kosaka

Audit & Supervisory Board Member
Audit & Supervisory Board Member
Audit & Supervisory Board Member**
Audit & Supervisory Board Member**Toshiro Okajima
Kenji Takai
Masako Osuna
Takashi Araki

Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer

Hideharu Iwasaki
Toshio Tamaki
Yukihiro Iwata
Hironori Kikuchi
Hidehiro Shima
Hiroji Kimura
Tsutoshi Miki
Kenji Matsui
Kenji Watanabe
Yukio Hiraiwa
Ryojiro Ogawa
Akihiko Shiraishi
Takashi Yamasaki* Outside Director** Outside Audit & Supervisory Board Member- 17 -

Stock Status (as of March 31, 2021)
Total number of authorized shares:
Total number of issued shares:
Number of shareholders

220,000,000 shares
97,500,000 shares(excluding shareholders holding shares less than one unit (100 shares)):

7,311

Major shareholders (Top 10)
Number of shares held(Thousands)

Shareholder nameShare-holding ratio tonumber of issued shares(excluding treasury
shares) (%)
55.54

ITOCHU Corporation

54,142The Master Trust Bank of Japan, Ltd. [trust fund]

3,253

3.34

Custody Bank of Japan, Ltd. [trust fund]

2,092

2.15

Sekisui Jushi Corporation

1,439

1.48

Nippon Life Insurance Company

1,384

1.42

Kaneka Corporation

1,318

1.35

Tosoh Corporation

1,070

1.10

C.I. TAKIRON Employee Stock Ownership
Association

993

1.02

DFA INTL SMALL CAP VALUE PORTFOLIO(Standing proxy: Citibank, N.A., Tokyo Branch)

975

1.00

Watanabe Pipe Co., Ltd.

874

0.90

(Note) Of the shares held above, the number of shares related to trust business is as follows:
The Master Trust Bank of Japan, Ltd. [trust fund] 3,253 thousand shares
Custody Bank of Japan, Ltd. [trust fund]
2,092 thousand shares* Annual Select is an English-language disclosure format developed by ZAIHON, INC. to increase the level of convenience of investors outside Japan based on Japanese-language
statutory disclosure material, timely disclosure material prescribed by securities exchanges and voluntarily disclosed IR material. Annual Select is a registered trademark of
ZAIHON, INC. Reproduction or copying without prior permission is prohibited.
* While every best effort has been made to provide a translation meeting the quality standards required of professionals, C.I. TAKIRON Corporation does not guarantee it is 100%
accurate. Therefore, please verify the original Japanese text for any final judgments made based on this information.

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