Annual Report 2020(2019.4.1～2020.3.31)

Annual Report 2020
For the Fiscal Year Ended March 31, 2020
(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/

Corporate Message

Supporting today, changing tomorrow
Here is what we can do for today—
In order to support the security of the world we live in,provide a consistent supply of durable, easy-to-use products.
Here is what we can do for tomorrow—
In order to make our lives more comfortablecreate products that meet contemporary needs by using technologies and ideas.
Here is what we should do for today and tomorrow—Continue to explore the potential of plastics and create
products that contribute comfort and utility to our everyday lives.
Make our products even more durable, lightweight,
elegant and environmentally friendly.
Utilize flexibility of thought in the continuing challengeof manufacturing new products.

Management Philosophy
1. We always try to protect the global environment and aim for permanent development and growth of theCompany.
2. We will contribute to society by providing quality and price that will satisfy our customers.
3. We will be ahead of social change and sustain enthusiasm for the challenge to the unknown.
4. We will give consideration to people and respect individual characteristics and ingenuity.
5. We will pursue legitimate profits and strive for fair distribution.

-1-

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

Net sales

121st fiscal year

122nd fiscal year

123rd fiscal year

124th fiscal year

125th fiscal year

2016

2017

2018

2019

2020

72,95875,118147,805

150,650

139,432

3,946

4,519

8,204

9,200

7,611

2,746

2,695

6,579

6,391

13,091

(62)

3,962

7,351

6,474

11,68546,46149,43569,90974,31082,84088,08788,997141,116

138,251

144,956644.22685.44700.99746.42835.82

38.66

37.95

67.49

65.62

134.47

–

–

–

–

–

51.9

54.7

48.4

52.6

56.1

5.9

5.7

9.6

8.8

17.0

14.4

15.3

10.3

9.1

4.5

5,773

6,579

9,328

9,805

11,017(2,860)(2,537)(1,575)(9,620)(5,922)(2,828)(1,749)(9,160)(9,160)(3,115)

13,76016,04615,800

6,835

8,746

1,871
[524]

1,889
[497]

3,369
[750]

3,412
[718]

3,369
[687]

(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 through plastics technology”
is C.I. TAKIRON Group’s mission.
C.I. TAKIRON Corporation was established in April,2017, through the integration of Takiron Co., Ltd. andC.I. Kasei Company, Limited, both of which weregeneral plastic manufacturers that had achieved growththrough unique technological innovations. C.I.
TAKIRON pursues business in four major businessfields: Construction Materials Business, Environmental
Materials Business, High Functional Materials
Business, and Specialty Films Business. As amanufacturing company, we are striving to provide
customers with diverse products that make a statement
and offer novel value.
In order to maximize the synergies from our merger andboost our market competitiveness, we have worked
aggressively on corporate restructuring, including
rebuilding our sales framework and optimizing
production hubs. Furthermore, we have also directed
effort toward strengthening our managementfoundations, such as revamping our HR programs andbuilding a new corporate culture, which will beplatforms for growth. Our Medium-Term Management
Plan, “Good Chemistry Good Growth 2020,” has the
preparations for achieving our management vision of“Contributing to society as the industry’s leading
company by taking on new challenges and continually
implementing plans.” We encourage you to lookforward to further progress.

Kazuya Saito
Representative Director
President

In recent years, society has been undergoing greatchanges, with the world approaching an inflection point in history, accelerating globalization, advancing IT
technology, and new types of energy starting to emerge. We recognize that the ocean plastic crisis, inparticular, is an acute problem that hits close to home for our company. The mission of the C.I. TAKIRONGroup is: “Creating a people- and earth-friendly future through plastics technology.” With our plastics
production and processing technologies backed by 100 years of business activities, we will contribute toachieving a sustainable society by continuing to pursue new possibilities and by responding to the changes
facing society.
We look forward to your continued and growing support.

-3-III. Business Progress and Results
In the Japanese economy in the fiscal year under review, production activities in the manufacturingindustry were weak due to sluggish exports, the slowdown of capital investment, etc. Furthermore, there
was a strong sense of sluggishness regarding personal consumption due to the pull-back following thespecial demand ahead of the consumption tax hike and a succession of natural disasters such as typhoons
and torrential downpours.
On the other hand, just as the global economy was beginning to show positive elements, such as theagreement of the first phase to lower tariffs added during the trade friction between the U.S. and China, anda trend of recovery in semiconductor-related demand, which had remained stagnant, beginning to be seen,
economic activity was significantly restricted due to the rapid spread of the novel coronavirus disease(COVID-19). As a result, the outlook for the global economy is extremely uncertain.
Against this background, the Group has been implementing the measures in its Medium-term Business
Plan, “Good Chemistry Good Growth 2020,” to maximize beneficial effects of the merger and enhance thegrowth and profit-earning capability of the entire Group, and focusing 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, 2020. Net sales
amounted to ¥139,432 million (down 7.4% year on year), operating profit amounted to ¥7,372 million(down 18.8% year on year), ordinary profit amounted to ¥7,611 million (down 17.3% year on year), andprofit attributable to owners of parent amounted to ¥13,091 million (up 104.8% year on year), due to an
extraordinary income recorded as a result of transfer 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
decreased as a result of the end of the temporary demand for typhoon disaster recovery, which continued
since the previous fiscal year, and the subsequent pull-back. As the other negative factor, in the Commercial
Signage Business, the sales of signage products for commercial facilities significantly shrank. As a result,the Housing Materials Business recorded lower sales on a year-on-year basis. The operating profit of
Housing Materials Business decreased due to the repercussions of decreased sales, rising logistics costs,
and other negative factors, despite efforts for cost reduction related to the integration of production andlogistics facilities for daylight building material products.
In the Flooring and Decorative Materials Business, sales of the flooring department remained unfavorable
due to the continuing pull-back regarding apartment building renovation work following the special
demand ahead of the consumption tax hike. The decorative materials department recorded steady sales of
products for construction projects in Japan; however, overseas section suffered due to delays of expected
projects in China and Asian countries, which were caused by the COVID-19 pandemic. Accordingly, the-4-Flooring and Decorative Materials Business recorded slightly lower sales on a year-on-year basis. Despite
those disadvantages, the operating profit by Flooring and Decorative Materials Business increased due tocontinuing efforts to reduce variable and other costs in the decorative materials department.
As a result, for the fiscal year ended March 31, 2020, net sales of the Construction Materials Businesssegment was ¥46,310 million (down 4.5% year on year), and operating profit was ¥3,338 million (down
3.5% year on year).
Environmental Materials Business Segment
In the Agricultural Materials Business, sales decreased due to the overlapping of the pull-back following
the special demand ahead of the consumption tax hike in addition to the end of the demand for repairs
associated with disaster recovery in the previous fiscal year, mainly in western Japan, and due todifficulties faced regarding plastic greenhouse-related materials overall, such as the mainstay covering film
for agriculture, because of the impact of decreased demand for materials for plastic greenhouses throughout
Japan upon entering the third quarter. Operating profit decreased as sales were sluggish and logistics costs
increased.
In the Infrastructure Materials Business, sales decreased due to delays in public works projects and theimpact of the business sale and the transfer of the business to another segment, despite an increase indemand for waterproof geomembranes due to the receipt of disaster waste from the typhoon disaster in
addition to the field of engineering remaining firm. Accordingly, operating profit decreased.
As a result, for the fiscal year ended March 31, 2020, net sales of the Environmental Materials Businesssegment was ¥55,639 million (down 10.1% year on year), and operating profit was ¥1,381 million (down
24.3% year on year).
High Functional Materials Business Segment
In the High Functional Materials Business, despite an increase in sales of its mainstay industrial plates due
to signs of recovery of capital investment in semiconductors upon entering the fourth quarter, these gains
were unable to cover the drop in sales thus far and sales decreased.
Sales of various engineering plastics products increased due to the implementation of detailed local sales
initiatives and the acquisition of projects using PE plates. Micro motors saw increased sales as a result ofdeveloping new applications, large filter press plates saw increased sales as a result of receiving orders forlarge projects overseas, and the ultrafine particle dispersion business saw increased sales as a result ofspecial demand for smartphone applications. On the other hand, sales of acetate plates and magnetic
materials decreased due to a decrease in export-related projects. Operating profit decreased due to theimpact of weak sales of industrial plates.
As a result, for the fiscal year ended March 31, 2020, net sales in the High Functional Materials Businesssegment was ¥17,267 million (down 8.8% year on year) and operating profit was ¥1,313 million (down
29.9% year on year).

-5-Specialty Films Business Segment
In the BONSET Business, despite sluggish sales continuing until the second quarter due to the impact oftrade inventory adjustments associated with poor weather in Japan and a revision of labelling methods inNorth America, sales were firm in Japan and North and South American markets upon entering the third
quarter. However, this was unable to cover the drop in sales until the second quarter, and sales decreased.
Operating profit decreased due to the impact of North American markets being sluggish.
Sales in the SANZIP Business increased as sales of re-closable zipper tape were firm, mainly in Japan,
Asia, Europe and America. Operating profit increased as it was supported by firm sales.
As a result, for the fiscal year ended March 31, 2020, net sales in the Specialty Films Business segment was¥19,684 million (down 5.5% year on year), and operating profit was ¥1,155 million (down 41.3% year onyear).

-6-

Net Sales and Operating Profit by Business Segment
Fiscal year ended March 31, 2019
Net sales

Operating profit(Millions of yen)
Fiscal year ended March 31, 2020
Net sales

Operating profit

Construction Materials Business

48,502

3,458

46,310

3,338

Environmental Materials Business

61,867

1,823

55,6391,381High Functional Materials Business

18,935

1,874

17,267

1,313

Specialty Films Business

20,824

1,969

19,684

1,155

520

55

531

66

–

(100)

–

117

150,650

9,080

139,432

7,372

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.

-7-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

Proposal ofimportant matters
Reports on
business execution

Elect, Dismiss

Board of Directors

Audit & Supervisory Board

Audit

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

8 Directors(of which 3 outside Directors)
Consult
Supervise

Appoint,
Dismiss

Elect, Dismiss

Accounting
AuditorReportNomination andRemuneration Committee

Audit

Accounting Audits

Business execution

ChairmanPresidentInternal
Audit OfficeCompliance
Committee

Management
Committee

Audit

Corporate
Planning Div.

Proposal of important matters regarding business execution

Corporate
Administration
Div.

Construction
Materials Div.

Environmental
Materials Div.

High
Functional
Materials Div.

Specialty Films
Div.

Production Div.
R&D Dept.

4 Business Segments-8-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-9-

As of March 31, 2019

As of March 31, 2020

6,835
45,2508,746
38,036

8,205

7,182

14,037
3,187
5,404
3,216
1,859
(57)
87,93913,7793,435
5,431
12,2201,378(46)
90,165

12,4628,501
13,437
368
2,419
910
38,101
2,367

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

3,655
3,258
234
2,747
(53)
9,842
50,311
138,251

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

(Millions of yen)

Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-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
Lease obligations
Deferred tax liabilities
Provision for share-based remuneration
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- 10 -

As of March 31, 2019

As of March 31, 2020

31,766
4,642
4,896
15
211
1,416
394
2,136

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

216

262

299
5,923
51,920423
5,523
49,683

356
585
23
9,035
267
1,752
12,02063,941

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

15,18930,97826,571(80)
72,65815,18930,981
36,738(100)
82,808

13

(530)

0
(282)
290
22
1,629
74,310138,251

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

(2) Consolidated Statements of Income andConsolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Millions of yen)
Fiscal year ended
March 31, 2019
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental 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 sales of non-current assets
Gain on sales of investment securities
Gain on sales of golf memberships
Gain on reversal of asset retirement obligations
Gain on sale of businesses
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Impairment loss
Loss on sales of investment securities
Loss on valuation of investment securities
Loss on valuation of golf club membership
Loss on sales of golf club memberships
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- 11 -

Fiscal year ended
March 31, 2020

150,650
109,632
41,01831,937
9,080

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

20
109
159
469
758

12
142
155
462
772

181
70
93
51
–
241
638
9,200

112
57
98
55
91
118
534
7,611

398
143
1
203
–
746

12,33159––
78
12,470

222
248
2
–
–
1
475
9,471
2,330
519
2,850
6,621
229
6,391

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

(Consolidated Statements of Comprehensive Income)(Millions of yen)
Fiscal year ended
March 31, 2019
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- 12 -

Fiscal year ended
March 31, 2020

6,621

13,180

(493)
(2)
73
276
(146)
6,474

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

6,207

11,623267

62

(3) Consolidated Statements of Changes in Net Assets
Fiscal year ended March 31, 2019
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of period

Capital surplus

Retained earnings

Treasury shares

Total shareholders’equity30,91422,031(8)

68,12615,189Changes during period
Dividends of surplus(1,852)(1,852)

Profit attributable to ownersof parent

6,391

6,391

Purchase of treasury shares(72)

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

64

64
–

Total changes during period
Balance at end of period

(72)

–

64

4,539

(72)

4,531

15,18930,97826,571(80)

72,658

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

508

Deferred gains
or losses onhedges3

Foreigncurrencytranslation
adjustment
(321)

Total
Remeasureaccumulated
ments ofother
defined benefit
comprehensive
plansincome15

206

Noncontrollinginterests

Total net
assets

1,577

69,909Changes during period
Dividends of surplus(1,852)

Profit attributable to ownersof parent

6,391

Purchase of treasury shares(72)

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

64
(495)

(2)

39

274

(184)

52

(131)

Total changes during period

(495)

(2)

39

274

(184)

52

4,400

Balance at end of period

13

0

(282)

290

22

1,629

74,310- 13 -

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- 14 -

(4) Consolidated Statements of Cash Flows(Millions of yen)
Fiscal year ended
March 31, 2019
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment loss
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Gain on reversal of asset retirement obligations
Interest and dividend income
Interest expenses
Loss (gain) on sales 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 fromtransition to defined contribution pension plan

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 sales of property, plant andequipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Proceeds from sale of businesses
Decrease (increase) in deposits paid
Other, net
Net cash provided by (used in) investing activities- 15 -

Fiscal year ended
March 31, 2020

9,471
4,533
248
80
(532)
(203)
(130)
181
(140)
–
(176)
220
(1,575)876

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

(522)

(509)

–
–
(723)
11,607130(183)(1,748)
9,805

(78)
91
418
13,298154(118)(2,316)
11,017(5,485)(10,433)404

15,159(1,597)(15)
420–(3,213)(133)(9,620)

(936)
(490)
109
95
(9,004)(421)(5,922)

(Millions of yen)
Fiscal year ended
March 31, 2019
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayments of long-term borrowings
Repayments of lease obligations
Payments from changes in ownership interests in subsidiaries
that do not result in change in scope 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- 16 -

Fiscal year ended
March 31, 2020

2,409
(9,389)
(105)

299
(15)
(243)

(99)

(99)

(72)
(1,852)(50)(9,160)(21)(2,924)(111)(3,115)9(68)(8,965)15,800
6,835

1,911
6,835
8,746

VI. Company Information
Company Information (as of March 31, 2020)
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
4,056 (including 687 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 CORPORATIONHOKKAI DAIPLA CO., LTD.
DAIPLA WINTES CO., LTD.
TAKIRON ENGINEERING CO., LTD.
TAKIRON-ROWLAND LIMITEDTAKIRON POLYMER CO., LTD.
CIK NANOTEK CORPORATIONTAKIRON PLASTICS (CHANGZHOU) CO., LTD.
SHANGHAI CIK ELECTRONICS CO., LTD.
BONPACK CO., LTD.
BONSET AMERICA CORPORATIONBONSET LATIN AMERICA S.A.
SHANGHAI SANPLUS PLASTIC CO., LTD.
TAKIRON TECH CO., LTD.
C.I. TAKIRON LOGISTICS CO., LTD.
(Note) DAIPLA CORPORATION carried out an absorption-type merger of HOKKAI DAIPLA CO., LTD.
on April 1, 2020.

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Directors and Audit & Supervisory Board Members (as of June 25, 2020)
Director Chairman
Representative Director President
Director Senior Managing Executive Officer
Director Senior Managing Executive Officer
Director Managing Executive Officer
Director*
Director*
Director*

Yosuke Minamitani
Kazuya Saito
Takahisa Miyake
Akihiro Ueda
Hideharu Iwasaki
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
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer

Toshio Tamaki
Yukihiro Iwata
Hironori Kikuchi
Hidehiro Shima
Hiroji Kimura
Toshiya Okubo
Tsutoshi Miki
Takashi Harada
Kenji Matsui
Kenji Watanabe
Yukio Hiraiwa
Ryojiro Ogawa
Akihiko Shiraishi* Outside Director** Outside Audit & Supervisory Board Member- 18 -

Stock Status (as of March 31, 2020)
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)):

6,775

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

Shareholder nameShare-holding ratio tonumber of issued shares(excluding treasury
shares) (%)
51.15

ITOCHU Corporation

49,861

Japan Trustee Services Bank, Ltd. [trust fund]

3,112

3.19

C.I. TAKIRON Kyowa-Kai

3,039

3.12

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

2,763

2.83

Sekisui Jushi Corporation

1,439

1.48

Nippon Life Insurance Company

1,384

1.42

Kaneka Corporation

1,318

1.35

GOVERNMENT OF NORWAY(Standing proxy: Citibank, N.A., Tokyo Branch)

1,251

1.28

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

1,124

1.15

Tosoh Corporation

1,070

1.10

(Note) Of the shares held above, the number of shares related to trust business is as follows:
Japan Trustee Services Bank, Ltd. [trust fund]
3,112 thousand shares
The Master Trust Bank of Japan, Ltd. [trust fund] 2,763 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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