Translation
Notice: This document is a translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy
between this translated document and the original Japanese document, the latter shall prevail.

Consolidated Financial Results
for the Six Months Ended June 30, 2024
(Based on Japanese GAAP)
August 9, 2024
Company name:AMITA HOLDINGS CO., LTD.

Stock exchange listing: Tokyo
Stock code:
2195
Representative:
Inquiries:

URL

https://www.amita-hd.co.jp/

Chairman and Chief Visionary Officer
President and Chief Integrated Operations

KUMANO Eisuke
SUETSUGU Takahide

Officer
Scheduled date to file Semi-annual Securities Report:

TEL

075-277-0378

August 13, 2024

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:–
Yes

Holding of financial results meeting:No(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended June 30, 2024 (from January 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)
Net sales
Six months ended June 30, 2024
Six months ended June 30, 2023
Note: Comprehensive income

Millions of yen
2,306
2,196

Operating profit
%
5.0
(7.4)

Millions of yen
186
179

Six months ended June 30, 2024
Six months ended June 30, 2023
Earnings per share%
3.8(33.3)¥245 million¥134 million[82.1%][(45.1)%]

Diluted earnings per share

Yen
12.22
8.19

Six months ended June 30, 2024
Six months ended June 30, 2023

Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
owners of parent
Millions of yen% Millions of yen
%
241
18.3
214
49.3
204 (33.8)
143 (36.2)

Yen
–
–

Note: Diluted earnings per share is omitted, because there are no potentially dilutive shares that have dilutive effects although there arepotentially dilutive shares.
(2) Consolidated financial position
Total assets
Millions of yen
6,660
6,175

As of June 30, 2024
As of December 31, 2023
Reference: Equity

Net assets

Equity ratio

Millions of yen
2,435
2,266

As of June 30, 2024
As of December 31, 2023

%
36.6
36.6

¥2,435 million¥2,260 million

2. Cash dividends
Annual dividends per share
1st quarter-end

Year ended December 31, 2023
Year ending December 31, 2024

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

–
–

0.00
0.00

–

4.00

4.00

–

4.00

4.00

Year ending December 31, 2024 (Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: No

3. Forecast of consolidated financial results for the year ending December 31, 2024 (from January 1, 2024 to December 31, 2024)
Percentages indicate year-on-year changes
Profit attributable to
Net sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
4,809
6.0
540
14.6
599
12.8
371
20.4
21.16
Note: Revisions to the forecast of financial results most recently announced: No
4. Notes(1) Significant changes in the scope of consolidation during the six months ended June 30, 2024:(2) Application of special accounting methods for preparing semi-annual consolidated financial statements:

NoNo(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:(4) Number of issued shares (common shares)

No

Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

17,556,360 shares As of December 31, 2023

17,556,360 shares

Number of treasury shares at the end of the period
As of June 30, 2024

3,890 shares As of December 31, 2023

3,890 shares

Average number of shares during the period
Six months ended June 30, 2024

17,552,470 shares Six months ended June 30, 2023

17,551,756 shares

Notes:
1. Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit corporation.
2. Explanation on proper use of earnings forecast, and other special matters
Earnings forecast and other forward-looking statements in this material are based on data currently available to the Company and certain
assumptions that the Company believes are reasonable. The Company gives no assurance that the Company will achieve such forecasts. In
addition, actual results may differ significantly from these forecasts due to various factors. For details of the assumptions used in the earnings
forecast and a cautionary note regarding their appropriate use, please refer to “1. Overview of operating results and others, (3) Explanation
regarding consolidated earnings forecasts and other forward-looking statements” on page 4 of the attached document.

AMITA HOLDINGS CO., LTD. (2195)

Table of Contents
Index
1. Overview of operating results and others.................................................................................................. 2(1) Overview of operating results during the six months ended June 30, 2024 ....................................... 2(2) Overview of financial position during the six months ended June 30, 2024 ...................................... 4(3) Explanation regarding consolidated earnings forecasts and other forward-looking statements ......... 4
2. Semi-annual consolidated financial statements and primary notes ........................................................... 5(1) Semi-annual consolidated balance sheets ........................................................................................... 5(2) Semi-annual consolidated statement of income and semi-annual consolidated statement ofcomprehensive income ....................................................................................................................... 7
Semi-annual consolidated statements of income ................................................................................ 7
Semi-annual consolidated statement of comprehensive income ........................................................ 8(3) Notes to semi-annual consolidated financial statements .................................................................... 9(Notes on segment information) ......................................................................................................... 9(Notes on significant changes in the amount of shareholders’ equity) ............................................... 9(Notes on going concern assumption) ................................................................................................ 9(Notes on significant subsequent events) ........................................................................................... 9-1-

AMITA HOLDINGS CO., LTD. (2195)

1. Overview of operating results and others(1) Overview of operating results during the six months ended June 30, 2024
During the six months ended June 30, 2024 (“the six months under review”), the Japanese economy overcame
rising prices to record a gradual recovery, reflecting enhanced business sentiment in both manufacturing andnon-manufacturing industry, improvements in the employment environment and in income, and a pickup in
consumption activity, including demand from inbound tourism. Conversely, we perceive the need to continue
monitoring such issues as the progressive and sustained depreciation of the yen and slowdown of global
economic growth, which are linked to monetary policy, the risk of persistently high prices for raw material andresources as a result of the prolongation of the situation in Ukraine and the impact of military conflict in the
Middle East, trends in important elections in various countries, and global supply chain instability.
Under these circumstances, as a “designing a future company,” the Group develops and expands products
aimed at establishing the Social Systems Design Business to provide comprehensive support to businesses andmunicipalities in achieving greater corporate and community sustainability, in preparation for achieving the
Ecosystem Social Concept 2030, our business vision for 2030. Having designated the period from 2024 to2025 a groundwork phase in preparation for market development, during the six months under review weforged ahead with initiatives aimed at transforming the business and bolstering performance. The specifics are
as follows.
<Domain of support for sustainable corporate management: Cyano Project integrated support services>
In the “Cyano Project,” which assists in transitioning to greater corporate sustainability, we have been offering
our clients total support, from conception to construction and implementation, in proposing initiatives such ascarbon neutrality, circular economy, and nature positivity from the perspective of total optimization. We arereceiving many inquiries on support and other issues associated with disclosure of nature risks arising from
corporate activity (TNFD: Taskforce on Nature-related Financial Disclosures), and continue to receive neworders, but in order to expand orders for transition strategy support from a more medium- and long-term
perspective, we are working on marketing and sales strategy, and on rebuilding our product design. As an
example of initiatives, we are promoting to invigorate the circular market, as an option for the Cyano Project
we have developed workshops in cooperation with Harch Inc., which operates the Circular Economy Hub
platform for sustainable media.
Against the background of the emergence of governance risks caused by shortages of human resources andsustainability knowledge at client companies, our Sustainable BPO services, which use ICT and BPO to
support circular corporate management, are performing well. At Circular LinX CO., LTD., a joint venture
between the Company and the Sumitomo Mitsui Finance and Leasing Group established on April 1, we havebegun offering services aimed at sustainable corporate management and the promotion of the circular economy.
The Double Zero Emission Service, which supports the shift to carbon neutrality through closed-loop resource
recycling of waste, addresses the rising demand for use of alternative resources (those that can be used insteadof natural resources), which is being driven by the trend toward carbon neutrality and instability in global
supply chains. Particularly in terms of alternatives to coal, there is considerable need for substitute fuels for
cement, and there were increases in volume handled at the Himeji Resource Recycling Plant, AMITA Resource
Recycling Partners’ AICHI KAIUN Co., Ltd. Gamagori Recycling S.C., and the Kawasaki Plant of Sanyu
Plant Service Co., Ltd. With regard to closed-loop resource recycling of silicon slurry waste liquids, with thesemiconductor industry expected to see a recovery in production during 2024, we have been preparing for theoperation of new recycling facilities at the Kitakyushu Resource Recycling Plant (scheduled to begin operation
on July 29). In addition, we improved the automation of manufacturing processes using existing recycling
facilities at the Kitakyushu Resource Recycling Plant, and resumed operation using fewer labor resources in
April 2024. As well as increasing hours of operation and enhancing product value through these measures, weare aiming to use the above-mentioned expansion of facilities to achieve a 20% increase in manufacturing
volume in the silicon recycling business as a whole compared to the FY2023 level.
<Environmental certification assessment service>
Orders from new customers, especially for FSC® CoC certification, have been increasing steadily. Delays inassessments caused by deficiencies in the systems of our FSC certification agency partner, which began in thefirst quarter of the current fiscal year, are in the process of being resolved but are still ongoing. As a result,-2-

AMITA HOLDINGS CO., LTD. (2195)
sales associated with some assessments that were scheduled to be recorded by the Group in the six months
ended June 30, 2024, are now expected to be recorded in the third quarter of the current fiscal year and beyond.
<Overseas business>
Primarily through AMITA CIRCULAR DESIGN SDN. BHD., the supervisory subsidiary for overseas
operations, we promoted the expansion of the Social Systems Design Business in the Asia Pacific region
through such initiatives as expanding the closed-loop resource recycling business in Malaysia, andinvestigating commercialization in Indonesia.
・

Malaysia
With regard to closed-loop resource recycling of industrial waste in Malaysia, there is strong demand foralternative resources locally and volume handled is exceeding previous-fiscal year levels. We arestrengthening sales in order to win further new projects as they appear.

・

Business development in other countries
The Ministry of the Environment’s “the City-to-City Collaboration Program to Support the
Decarbonization Efforts by Overseas Subnational Governments,” initiatives for decarbonization inIndia, Indonesia, and Palau were adopted (April 1), and we are conducting investigations, etc. in
preparation for the commercialization of waste resource recycling in each country. In India, weconcluded a basic agreement with Ramky Group, a major Indian player in the environmental industry
and our partner for feasibility studies, on May 1. We are jointly undertaking comprehensive feasibility
studies for the promotion of decarbonized societies and circular economies, with a focus on India andwith an eye toward business alliances in Singapore and other emerging markets. In Indonesia, where wehave been engaged in feasibility studies for some time, we plan to establish a joint venture company inAugust or thereafter with the Salim Group, which is headquartered in Indonesia and is one of the largest
conglomerates in Southeast Asia. The objective is to open a resource-recycling plant in Indonesia andbegin full-fledged operation of the business by 2027. (*For details, refer to “2. Semi-annual
consolidated financial statements and primary notes (Notes on significant subsequent events)”)<Domain of support for sustainable corporate management: Co-Creation City>
We are moving forward with the development and deployment of the Co-Creation City initiative, which isintended to address the four major challenges faced by regional municipalities (population drain, aging andshrinking population, rising costs of social security programs, and declining employment opportunities) byfacilitating greater engagement among residents and other stakeholders, and greater circulation of resources.
Specifically, we have continued with the development of the MEGURU COMPLEX*1 resource recycling
solution for municipalities, and maintained activities in Tachiarai and Buzen in Fukuoka Prefecture, Kobe,
Nagakute in Aichi Prefecture, and the Tsukigase district of Nara, aimed at the geographical expansion of
MEGURU STATION® community-type resource collection station. In terms of the initiatives related toconstruction of the MEGURU PLATFORM*2, we have continued our work with Toray Industries, Inc. to buildand deploy a circular model for plastics based on MEGURU STATION®, for which we were selected by the
Cabinet Office for the third phase of the Cross-ministerial Strategic Innovation Program (SIP), in July 2023. In
collaboration with NEC Corporation, we have also begun a proof-of-concept field test that seeks to build aresource circulation system that addresses both the real and digital aspects of plastic resources. Furthermore, aspart of the activities of CLOMA (Clean Ocean Material Alliance), which is chaired by AMITACORPORATION, the Company is participating in a proof-of-concept field test operated by Kewpie
Corporation and Ajinomoto Co., Inc. for the recovery of used mayonnaise bottles.
<Development/partnership domain>
We have been promoting evaluation of specific collaborative projects related to the circular economy withstrategic partner companies including the Japan Circular Economy Partnership (J-CEP) project. One of these is
our participation as a founding member of the Ecosystem Society Agency (ESA, founded April 1). Based on
the concepts of circulation and inclusivity, ESA is an organization that aims to be a platform where regional
municipalities facing aging and shrinking populations and other newly emerging policy issues, and companies,
etc. seeking to create new business models, can drive innovation from a comprehensive perspective to create-3-

AMITA HOLDINGS CO., LTD. (2195)
social value. Participation in ESA will enable greater numbers of municipalities and companies than everbefore to engage in co-creative activities, thus accelerating initiatives aimed at the realization of the Ecosystem
Society of our 2030 vision.
As a result of the above, in the six months ended June 30, 2024, net sales amounted to ¥2,306,052 thousand (up5.0%, or ¥109,504 thousand YoY), due mainly to increases in volume handled at the Himeji Resource
Recycling Plant, AMITA Resource Recycling Partners’ AICHI KAIUN Co., Ltd. Gamagori Recycling S.C.,
and the Kawasaki Plant of Sanyu Plant Service Co., Ltd. Despite an increase in selling, general andadministrative expenses caused by investments in human resources, activities to build relationships andimplement strategies, and other factors, the increase in net sales resulted in operating profit of ¥186,913
thousand (up 3.8%, or ¥6,923 thousand YoY). Ordinary profit was ¥241,792 thousand (up 18.3% or ¥37,424
thousand YoY) due to an increase in operating profit and an increase in share of profit of entities accounted forusing equity method related to the Malaysian business. Profit attributable to owners of the parent was ¥214,475
thousand (up 49.3% or ¥70,774 thousand YoY) due to an increase in ordinary profit and recording of income
taxes - deferred (gain) as a result of an increase in deferred tax assets.
Statement by segment is omitted because the Group constitutes a single segment of the Social Systems Design
Business.
*1

MEGURU COMPLEX:MEGURU COMPLEX is a resource circulation solution for municipalities that embodies the Co-Creation
City concept. By clustering a biogas power plant for flammable waste recycling together with facilities
for recycling diapers and for pyrolysis, we aim to reduce waste incineration and landfill to zero.

*2

MEGURU PLATFORM:
MEGURU PLATFORM consists of MEGURU STATION® community-type resource collection station,and MEGURU FACTORIES, where quality resources and information are gathered and the collectedtraceable resources are turned into circular materials. In preparation for realizing the “Ecosystem Society
Concept 2030” business vision, we are working to build a framework to generate the optimal circulationof tangibles, information, and people’s thoughtfulness.

(2) Overview of financial position during the six months ended June 30, 2024
As of June 30, 2024, current assets increased by ¥59,837 thousand mainly due to an increase in work in process(related to *the Cabinet Office “Cross-ministerial Strategic Innovation Program (SIP)”), and non-current assets
increased by ¥424,764 thousand mainly due to an increase in deferred tax assets and an increase in property,
plant and equipment. As a result, total assets increased by ¥484,602 thousand from the end of the previous
fiscal year to ¥6,660,310 thousand.
With regard to liabilities, current liabilities increased by ¥233,338 thousand mainly due to an increase inadvances received, and non-current liabilities increased by ¥82,422 thousand mainly due to an increase in longterm borrowings. As a result, liabilities increased by ¥315,760 thousand from the end of the previous fiscal
year to ¥4,225,264 thousand.
Net assets increased by ¥168,842 thousand from the end of the previous fiscal year to ¥2,435,046 thousand
mainly due to recording of profit attributable to owners of parent, despite the payment of dividends toshareholders.
(3) Explanation regarding consolidated earnings forecasts and other forward-looking statements
No changes have been made to the earnings forecast announced on February 13, 2024.

-4-

AMITA HOLDINGS CO., LTD. (2195)

2. Semi-annual consolidated financial statements and primary notes(1) Semi-annual consolidated balance sheets
As of December 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets-5-(Thousands of yen)
As of June 30, 2024

2,829,579
708,362
26,764
27,117
8,893
237,687
3,838,404

2,775,772
650,21730,450145,8299,585
286,387
3,898,242

365,194
324,673752,187
279,597
1,721,652
88,413527,237
2,337,303
6,175,708

582,201
392,776
752,187
253,417
1,980,583
81,446700,038
2,762,068
6,660,310

AMITA HOLDINGS CO., LTD. (2195)
As of December 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Asset retirement obligations
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
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
Foreign currency translation adjustment
Total accumulated other comprehensive income
Share acquisition rights
Total net assets
Total liabilities and net assets-6-(Thousands of yen)
As of June 30, 2024

260,842
266,756
151,146
85,675
4,310
867,214
1,635,945

248,116
286,748
132,637
113,103–
1,088,678
1,869,284

1,807,055
358,739
97,342
10,4202,273,557
3,909,503

1,855,355
377,570
110,819
12,2342,355,980
4,225,264

483,560
253,3231,480,808(482)
2,217,210

483,560
253,323
1,625,073(482)
2,361,475

42,95942,9596,034
2,266,204
6,175,708

73,57173,571–
2,435,046
6,660,310

AMITA HOLDINGS CO., LTD. (2195)(2) Semi-annual consolidated statement of income and semi-annual consolidated statement ofcomprehensive income
Semi-annual consolidated statements of income
Six months ended
June 30, 2023
2,196,548
1,188,835
1,007,712
827,723
179,989

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Share of profit of entities accounted for using equity
methodForeign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share acquisition rights issuance costs
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sale and retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent-7-(Thousands of yen)Six months ended
June 30, 2024
2,306,052
1,220,640
1,085,412
898,498
186,91357

66

18,62334,066

8,513
9,442
36,63623,323
11,24468,700

8,384
2,391
1,482
12,258204,367

12,880–941
13,822
241,792

–
–

813
813

2,205
2,205
202,162
93,975(35,513)58,462
143,700
143,700

26
26
242,579
127,871(99,767)
28,104
214,475
214,475

AMITA HOLDINGS CO., LTD. (2195)
Semi-annual consolidated statement of comprehensive income
Six months ended
June 30, 2023
143,700

ProfitOther comprehensive income
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent-8-(Thousands of yen)Six months ended
June 30, 2024
214,475

2,123

15,869(11,270)

14,742(9,146)
134,553

30,611
245,086

134,553

245,086

AMITA HOLDINGS CO., LTD. (2195)(3) Notes to semi-annual consolidated financial statements(Notes on segment information)
The statement is omitted because the Group constitutes a single segment, or the Social Systems Design
Business.
(Notes on significant changes in the amount of shareholders’ equity)
Not applicable.
(Notes on going concern assumption)
Not applicable.
(Notes on significant subsequent events)(Establishment of the joint ventures)
At an extraordinary meeting of the Board of Directors held on August 9, 2024, AMITA CORPORATION
subsidiary AMITA CIRCULAR DESIGN SDN. BHD. (“ACD”; head office: Kuala Lumpur, Malaysia;
Managing Director and CEO: YAMATO Eiichi) resolved to establish a joint venture company (“JV1”) in ajoint investment with PT Tamaris Prima Energi (“TPE”; head office: Jakarta, Indonesia; President Director:
Endang Mudiman).
It was also resolved that JV1 will establish a joint venture company (“JV2”) in a joint investment with PT Sari
Bhakti Sejati (“SBS”; head office: Jakarta, Indonesia; President Director: JUFERI).
1. Purpose and background of the establishment of the joint ventures
ACD started recycling industrial waste into cement alternative materials and fuels and supplying them tothe cement industry in Malaysia in 2017. Riding on the successful operations in Malaysia, the company has
been exploring an opportunity to expand its business into Indonesia.
Indonesia is the world’s eighth-largest emitter of CO2. The government is committed to reducing 32% of
its national GHG emissions against the business-as-usual scenario by 2030 as a step toward achieving netzero emissions by 2060 or sooner. In Indonesia, fast-paced population and economic growth has been
driving and will likely continue to drive surging industrial demand for cement products to sustain thedevelopment of public infrastructure. As cement production is the second-largest industrial emitter of CO2
in the country, its low-carbon transformation is critical for the country to achieve the stated goal of carbon
neutrality by 2060. (Indonesia ranked fifth in the world in the consumption of cement products in 2020 andsixth in their production in 2021)
Since 2023, the AMITA Group has been partnering with PT Indocement Tunggal Prakarsa Tbk(“Indocement”)–which has been pursuing environmentally friendly business operations in Indonesia–in
conducting a joint feasibility study on a business case for the closed-loop recycling of resources in the
country. The study has verified the market in Indonesia for an AMITA-provided closed-loop resource
recycling service, which is expected to help reduce CO2 emissions associated with the disposal ofindustrial waste and the production of cement, and has led to a joint venture agreement between the
AMITA Group and SBS to pursue this business.
The AMITA Group has also agreed with the Salim Group, which is one of the largest conglomerates inSoutheast Asia, to establish JV1, which combines AMITA’s proprietary technologies and solutions forsustainable business operations with Salim Group’s broad network of diverse businesses to develop a new
business that provides comprehensive solutions for circular economy, carbon neutrality, and nature
positivity in the region.

-9-

AMITA HOLDINGS CO., LTD. (2195)
2. Business profile of the joint ventures
JV1 and JV2 will work together to promote a business in Indonesia of recycling industrial and municipal
waste, as well as biomass-derived materials, into value-added cement alternative materials and fuels andsupplying them to the cement industry. More specifically, JV1 and JV2 will negotiate with Salim Group
companies and Japanese subsidiaries operating in Indonesia about supplying their industrial waste to JV2
for recycling. The two ventures will file with the Indonesian regulatory authorities for a license and permit
to operate a resource-recycling business and will build a resource-recycling plant in Indonesia, scheduled
to become operational by the end of 2027.
How our closed-loop resource-recycling business works in Indonesia

Develop circularbusiness models inIndonesia

JV1

Maintain an 80% stake

Pay dividends

Supply cement alternative
materials and fuels

Supply industrial waste andbyproducts

JV2

Business operators•••

Subsidiaries ofJapan-based
businesses
Local businesses
Salim GroupPay recycling service fees

Sustainable
resource
management
center- 10 -

Pay recycling service fees

Indocement andother cement
producers

AMITA HOLDINGS CO., LTD. (2195)
3. Outline of the joint ventures
■ JV1
Name
Title and name ofrepresentative

PT Amita Tamaris Lestari
SATO Hiroyuki, President Director
YAMATO Eiichi, Director
Endang Mudiman, Director

Establishment

August 2024 (scheduled)

Capital stock

12.0 billion IDRHead office

Jakarta (scheduled)

Stake

Business profile

AMITA CIRCULAR DESIGN SDN. BHD. 60%
PT Tamaris Prima Energi 40%
・Holding company
・Providing consulting on and developing new businesses in fields related to the circular
economy, carbon neutrality, and nature positivity

Net assets

12.0 billion IDR

Total assets

12.0 billion IDR

Relation between AMITACORPORATION and JV1Capitalrelationships

60% equity stake held by a subsidiary of AMITA CORPORATION.

Personal

Directors of a subsidiary of AMITA CORPORATION are expected to berelations

appointed Representative Directors and Directors.

Businessrelations
Status as arelated party

Not applicable.
Consolidated subsidiary of AMITA CORPORATION.

■ JV2
Name

PT Amita Prakarsa Hijau
YAMATO Eiichi, President Director

Title and name ofrepresentative

SATO Hiroyuki, Director
Endang Mudiman, Director
Soegito C. Kurniawan, Director

Establishment

September 2024 (scheduled)

Capital stock

10.0 billion IDRHead office

Jakarta (scheduled)Stake

JV1 80%PT Sari Bhakti Sejati 20%

Business profile

Closed-loop recycling of industrial and municipal waste, as well as biomass-derived
materials, into cement alternative materials and fuels and supplying them to thecement industry in Indonesia

Net assets

10.0 billion IDR

Total assets

10.0 billion IDR
Capitalrelationships

Relation between AMITACORPORATION and JV2

80% equity stake held by JV1.

Personal
relations

Directors of a subsidiary of AMITA CORPORATION are expected to beappointed Representative Directors and Directors.

BusinessrelationsNot applicable.

Status as arelated party

Consolidated subsidiary of AMITA CORPORATION.

- 11 -AMITA HOLDINGS CO., LTD. (2195)
4. Overview of counterparties in joint investment■ JV1(1) Name

PT Tamaris Prima Energi
Jl. Prof. Dr. Satrio, Kav. 3-5, Gedung DBS Bank Tower, 28,(2) Location(3) Title and name ofrepresentative(4) Business profile

Ciputra World I, RT 018 RW 004, 12940, Setia Budi, Karet Kuningan,
Kota Jakarta Selatan, DKI Jakarta, Indonesia
Endang Mudiman, President Director
Company engaged in shareholding activities for the Tamaris-Moya Group, which is part of the
Salim Group.

(5) Capital stock

250 million IDR(6) Date of establishment

January 20, 2012(7) Major shareholders andPT Tatajabar Sejahtera 85.20%

shareholding ratio

PT Tamaris Hijau Lestari 14.80%
Capital(8) Relation between
AMITA
CORPORATION andPT Tamaris Prima
Energirelationships

Not applicable.

Personal
relationsNot applicable.

BusinessrelationsNot applicable.

Status as arelated party

Not applicable.

■ JV2(1) Name

PT Sari Bhakti Sejati(2) Location

Jl Jenderal Sudirman, Wisma Indocement, 13, Kav. 70-71 RT 003 RW
003, 12910, Setia Budi, Setiabudi, Kota Jakarta Selatan, DKI
Jakarta, Indonesia(3) Title and name ofrepresentative

JUFERI, President Director(4) Business profile

Company engaged in trading company transactions and service businesses.

(5) Capital stock

15.5 billion IDR(6) Date of establishment

1998(7) Major shareholders andPT Indocement Tunggal Prakarsa Tbk 100%

shareholding ratio(Voting rights ratio 100%)
Capitalrelationships(8) Relation between
AMITA
CORPORATION andPT Sari Bhakti Sejati

Not applicable.

Personal
relationsNot applicable.

BusinessrelationsNot applicable.

Status as arelated party

Not applicable.

5. Schedule
Resolution at the Board of Directors meeting: August 9, 2024
6. Business outlook
The impact of this transaction on consolidated earnings forecasts for the fiscal year ending December 31,
2024, will be negligible.
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