ANNUAL REPORTFor the year ended March 31, 2013

2013

Nittetsu Mining Co., Ltd.
Yusen Building, 3-2, Marunouchi 2-chome
Chiyoda-ku, Tokyo 100-8377, JapanTe l : +81-3-3284-0516
Fax: +81-3-3215-8480
URL: http://www.nittetsukou.co.jp/eng/

Printed in Japan

Nittetsu Mining Co., Ltd.

Financial Highlights

Message from the Management

Consolidated

Operating Conditions and Consolidated Results

Nittetsu Mining Co., Ltd. and Consolidated Subsidiaries
Years ended March 31

During the fiscal year ended March 31, 2013, Japan’s economy showed signs of a positiveThousands of
US dollars

Millions of yen

2013

2012

2011

2010

2009

2013

For the year
Net Sales

turnaround, despite a slowdown in emerging countries’ economic growth and ongoing worldwide
financial concerns due to the European sovereign debt crisis. The positive trend reflected stronger
demand for reconstruction after the Great East Japan Earthquake as well as the correction of the yen‘s¥ 102,840¥ 101,505¥ 107,741¥ 93,726¥ 111,695$ 1,093,468

3,873

3,024

1,638

1,681

(462)

41,190144,539

132,470

136,145

144,066

134,083

1,536,840

Net Income (Loss)
At year-end

appreciation and improvement in stock market conditions resulting from economic policies enacted
by Japan’s new administration.
Under these economic conditions, the Nittetsu Mining Group posted consolidated net sales of

Total Assets

Yen

US dollars

Per share data
Net Income (Loss) per Share¥102,840 million, up 1.3% year on year, which was on par with the previous year, owing to a dropin revenue from the Metallic Minerals Division in spite of strong sales of limestone, the mainstay
product of the Non-Metallic Minerals Division. Overall, profitability improved, with ordinary income¥ 46.53¥ 36.32¥ 19.68¥ 20.19¥ (5.55)$ 0.49increasing 7.2%, to ¥7,233 million on the back of higher earnings from the Non-Metallic Minerals
Division and the Metallic Minerals Division. Net income rose 28.1%, to ¥3,873 million, reflecting adrop in extraordinary losses.

Non-Consolidated
Nittetsu Mining Co., Ltd.
Years ended March 31

Consolidated Business Results by Segment
Thousands of
US dollars

Millions of yen

2013

2012

2011

2010

2009

2013

Net Sales¥ 87,079¥ 86,928¥ 94,076¥ 77,086¥ 91,402$ 925,885

Net Income

3,816

2,754

1,258

691

33

40,582For the year

Mineral Resources Group
Non-Metallic Minerals Division
Net sales of the Non-Metallic Minerals Division advanced 5.0%, or ¥2,347 million, to ¥49,283
million, thanks to an increase in the sales volume of limestone and crushed stone.
Operating income jumped 47.7%, or ¥1,693 million, to ¥5,244 million, reflecting a rise in sales

At year-end
Total Assets

124,968

114,493

119,919

126,927

116,582

Yen

1,328,745

at domestic mines and a solid performance by consolidated subsidiaries.

US dollars

Metallic Minerals Division
Net sales by the Metallic Minerals Division fell 3.5%, or ¥1,510 million, to ¥42,256 million, due to a

Per share data
Net Income per Share¥ 45.84¥ 33.08¥ 15.11¥ 8.30Note: US dollar amounts are translated from yen, for convenience only, at the rate of ¥94.05=US$1.

¥ 0.40$ 0.49drop in copper prices and a decline in the sales volume of electrolytic gold, which outweighed higher
sales of electrolytic copper.
Operating income, however, surged 31.9%, or ¥987 million, to ¥4,083 million, buoyed by thelower yen and improved purchasing conditions for copper ore.

Machinery & Environmental Engineering Group

Contents

The Machinery & Environmental Engineering Group saw net sales expand 7.1%, or ¥575 million, to¥8,722 million, while operating income rose 23.7%, or ¥164 million, to ¥860 million. The gains

1

Message from the Management

resulted from robust sales of water treatment agents, a mainstay product of the Environmental

3

Consolidated Financial Information

Engineering Division, and generally strong sales posted by machinery-related subsidiaries.

4

Balance Sheets

6

Statements of Income

7

Statements of Comprehensive Income / Statements of Cash Flows

The Real Estate Group saw net sales fall 2.9%, or ¥76 million, to ¥2,577 million, due to a drop in

8

Notes to Consolidated Financial Statements

leased properties, while its operating income decreased 3.1%, or ¥43 million, to ¥1,353 million.

11

Real Estate Group

Corporate Information1

Message from the Management

Consolidated Financial Information
Nittetsu Mining Co., Ltd. and Consolidated Subsidiaries

Capital Expenditures, Financing and Other Related Matters

Net Sales by Business Segment(Year ended March 31, 2013)

During the fiscal year ended March 31, 2013, capital expenditures of the Nittetsu Mining Group
totaled ¥8,908 million, up 91.5% year on year. Major outlays during the fiscal year under review
were as follows.

Net sales(millions of yen)

Business segment¥ 49,283

Non-Metallic Minerals

Major facilities acquired during the fiscal year under review% change fromprevious fiscal year

RealEstateMachinery &Environmental
Engineering% of total
net sales

5.0

47.9

Metallic Minerals¥ 42,256

(3.5)

41.1

Machinery & Environmental
Engineering

¥

7.1

8.5

Real Estate

¥

Sales
Distribution
Ratio(1) Mineral Resources Group (Non-Metallic Minerals Division)
Nittetsu Mining’s Torigatayama Quarry Complex: pier and ancillary facilities (equipment for the

8,722

Metallic
Mineralsloading, unloading and transport of limestone) in Sodegaura, among others(2) Real Estate Group
Nittetsu Mining: Land and building in Sodegaura

Total

Non-Metallic
Minerals

2,577

(2.9)

2.5

¥ 102,840

1.3

100.0

Challenges Facing the GroupIn terms of the outlook, the operating environment surrounding the Nittetsu Mining Group willcontinue to require caution, despite expectations of a turnaround in Japan’s economy supported bybold monetary easing policies enacted by the Bank of Japan as well as economic stimulus measures
implemented by the government to end deflation. This is because concerns over a global economic

Breakdown of Net Sales(Years ended March 31)(Millions of yen)downturn remain, while the cost of raw materials and energy is expected to rise going forward.
The Group will respond to this challenging operating environment by working to enhance its

Business segment

Net sales% of total net
sales¥ 26,092

25.4¥ 24,337

24.0¥ 1,754

Crushed stone

4,935

4.8

4,489

4.4

446

Ancillary products
and others

18,255

17.7

18,10917.9

145

Sub-total

49,28347.9

46,936

46.3

2,347

Electrolytic copper

29,22728.4

28,67628.3

550

Copper concentrate

4,240

4.1

4,109

4.0

130

Others

8,788

8.6

10,98010.8(2,192)Sub-total

42,25641.1

43,76743.1(1,510)¥ 91,540

89.0¥ 90,703

89.4

Industrial machinery

4,306

4.2

3,895

3.8

411

Environmental products

4,415

4.3

4,252

4.2

163

8,722

8.5

8,147

8.0

2,577

2.5

2,653

2.6

(76)

¥ 102,840

100.0¥ 101,505

100.0¥ 1,335

sales further, increase productivity, cut costs and strengthen its business continuity plan.
Non-Metallic
Minerals

and reinforce the operating base of its mainstay mineral resource business.
The Group will maintain its commitment to pursuing eco-friendly business activities. These
include compliance with ISO14001 best practices, greenery initiatives at mined sites, and preparationcompany-owned forests.

MineralResources

We extend our appreciation to all shareholders and ask for your continued support and cooperation.
Metallic
Minerals

June 2013

Rokuro Matsumoto

Total

Representative Director and President

Machinery &Environmental
Engineering

Total
Real Estate

Real estate rentals and sales
Total

2

Increase(decrease)

Net sales

Limestone, calcium
carbonate

Concurrently, the Group will strive to improve its business performance through initiatives to expand

2012% of total net
sales

business performance. To achieve this, it will improve its management structure by seeking to boost

for the construction of solar power plants on idle land and the obtaining of forest certification for

2013

Major products

¥

¥

¥

¥

836

575

3

Consolidated Financial Information
Nittetsu Mining Co., Ltd. and Consolidated Subsidiaries

Balance Sheets
As of March 31, 2013 and 2012

AssetsLiabilities and Net Assets
Millions of yen

2013

Thousands of US dollars

2012

Millions of yen

2013

Current Assets

2013

Thousands of US dollars

2012

2013

Current Liabilities

Cash and deposits¥ 16,672¥ 14,419$

177,267

Notes and accounts receivable—trade23,15722,266

246,221

Lease receivables and investment assets

4,993

5,308

53,097

30

30

324

Short-term investment securities
Merchandise and finished goods

4,848

4,685

51,556Work in process

10,282

8,393

109,327

Raw materials and supplies

1,327

1,220

14,112

Deferred tax assets
Other
Allowance for doubtful accounts

445

417

4,736

2,562

941

27,247

(435)

(26)

(4,626)63,88457,657679,266

Notes and accounts payable—trade¥ 11,247

Short-term loans payable

—

2,000

—

468

446

4,976

Income taxes payable

1,739

1,345

18,4961

2

13

Provision for bonuses

753

732

8,007

Provision for directors’ bonuses

29

24

316
131

Provision for shareholders’ benefits

12

12Provision for environmental safety measures

—

52

—

Asset retirement obligations

170

215

1,812

10,172

8,368

108,161

38,66531,618411,118

9,195

10,834

97,773

764

991

8,125

Deferred tax liabilities

7,243

6,642

77,019Provision for retirement benefits

1,296

1,188

13,785

91

81

967

Other

Noncurrent Liabilities

20,757

245,027

Machinery, equipment and vehicles

5,766

5,712

61,315

Provision for environmental safety measures
Asset retirement obligations

2,991

31,228Land for general use

14,52012,130154,386

Construction in progress

808

1,273

8,595

Other

383

369

4,079

47,46043,234

504,632

Intangible assets

2,384

2,318

25,355

Provision for directors’ retirement benefits

Other

Total Liabilities

Retained earnings

57,16953,878607,867

(129)

(126)

(1,373)67,36664,078716,287

Valuation difference on available-for-sale securities

9,311

7,337

99,002

Deferred gains or losses on hedges

(134)

(85)

(1,426)(1,270)(1,917)(13,507)

7,906

5,334

84,067

473

387

5,038

4,304

5,723

45,764¥ 144,539¥ 132,470$ 1,536,840

720,823

65,389Deferred tax assets

Total Assets

61,64644,403

278,722

327,586

67,793

4,176

23,59429,25978,535309,705

6,149

26,21330,8097,232
30,0286,149

Investment securities(1,938)

7,386
29,127

4,176

Shareholders’ equity

(446)

1,640
31,857

Capital stock

Accumulated Other Comprehensive Income

(182)

154
2,904

Capital surplus

Investments and Other Assets

Allowance for doubtful accounts

154
2,996

Net Assets

Treasury stock

Other

149,608

Deferred tax liabilities

23,044

2,937

119,595

Lease obligations

Buildings and structures

Land used for mining operations$

Current portion of bonds

Lease obligations

Property, plant and equipment:

7,601
10,814Long-term loans payableNoncurrent Assets¥

14,070Foreign currency translation adjustment
Total Accumulated Other Comprehensive Income
Minority interests

1,472

1,410

15,660Total Net Assets

76,74670,823

816,016

Total Liabilities and Net Assets¥ 144,539¥ 132,470$ 1,536,840

The accompanying notes are an integral part of these statements.
Totals may not add up due to rounding.

45

Consolidated Financial Information
Nittetsu Mining Co., Ltd. and Consolidated Subsidiaries

Statements of Income

Statements of Comprehensive Income

Years ended March 31, 2013 and 2012

Years ended March 31, 2013 and 2012
Millions of yen

Thousands of US dollars

2013

2012

2013

¥ 102,840¥ 101,505$ 1,093,468

Cost of Sales

76,42877,993

812,639

Selling, General and Administrative Expenses

17,762

16,223

188,864

Operating Income

8,649

7,288

91,965Interest income

87

96

933

Dividends income

392

574

4,170

Other

204

189

2,178

684

860

7,281

Net Sales

Non-Operating Income:Non-Operating Expenses:
Interest expenses

457

497

4,863

Equity in losses of affiliates

551

145

5,859

1,092

760

11,611

2,100

1,404

22,335

7,233

6,744

76,911

164

95

1,750

Other

Ordinary Income
Extraordinary Income:Gain on sales of noncurrent assets
Other

1

16

18

166

112

1,769

Millions of yen

Thousands of US dollars

2013

2012

2013

¥ 4,765¥ 4,181$ 50,666

1,972

(919)

20,972

Deferred gains or losses on hedges

(48)

0

(518)

Foreign currency translation adjustment

813

(262)

8,647

1

(0)

10

Total other comprehensive income

2,737(1,181)

29,111

Comprehensive income

7,503

3,000

79,778Comprehensive income attributable to owners of
the parent

6,445

1,885

68,533¥ 1,057¥ 1,114$ 11,244

Income before minority interests
Other comprehensive income:
Valuation difference on available-for-sale securities

Share of other comprehensive income of associates
accounted for using equity method

Comprehensive income attributable to minority
interests
The accompanying notes are an integral part of these statements.
Totals may not add up due to rounding.

Extraordinary Losses:
Loss on sales and retirement of noncurrent assets

240

371

2,552

Impairment loss

7

454

81

Settlement for occupational diseases

35

21

381

Litigation expenses

56

34

604

Statements of Cash Flows

Other

25

30

268

Years ended March 31, 2013 and 2012

365

911

3,888

7,034

5,946

74,792

Income before Income Taxes
Income Taxes:
Income taxes—current

2,939

Income taxes—deferred
Income before Minority Interests
Minority Interests in Income
Net Income
The accompanying notes are an integral part of these statements.
Totals may not add up due to rounding.

6

¥

2,053

31,259

(670)

(288)

(7,132)

2,269

1,764

24,126

4,765

4,181

50,666

891

1,157

9,476

3,873

¥

3,024

$

41,190Millions of yen

Thousands of US dollars

2013

2012

2013

¥ 11,838¥ 10,195$ 125,872

Net cash used in investing activities(8,674)(3,696)(92,237)

Net cash used in financing activities(2,341)(3,988)(24,898)

408

4

4,341

Net increase in cash and cash equivalents

1,229

2,515

13,078Cash and cash equivalents at the beginning of the year

14,237

11,721

151,381

Cash and cash equivalents at the end of the year

¥ 15,467¥ 14,237$ 164,459

Net cash provided by operating activities

Effect of exchange rate change on cash and cash equivalents

The accompanying notes are an integral part of these statements.
Totals may not add up due to rounding.

7

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements

Nittetsu Mining Co., Ltd. and Consolidated Subsidiaries

1. Scope of Consolidation(1) Number of consolidated subsidiaries: 21 companies
Main consolidated subsidiaries:
Funao Mining Co., Ltd., Sociedad Contractual Minera
Atacama Kozan, Hokkaido Lime Co., Ltd., Nittetsu
Mining Consultants Co., Ltd., Nittetsu Kagoshima
Geothermal Co., Ltd., Nittetsukoukenzai Co., Ltd.,
Kobukuro Techno Co., Ltd.
Kirishima Geothermal Co., Ltd. was established in theyear ended March 31, 2013 and so is included in the
Company’s consolidated subsidiaries.

(2) Names of principal unconsolidated subsidiaries
Shin Yaguki Mining Co., Ltd., Yaguki Aggregate Co., Ltd.
Reason for exclusion from scope of consolidation
The unconsolidated subsidiaries are small in scale, andtheir total assets, net sales, net income and retained
earnings, etc., (commensurate with equity holdings) do
not have a material effect on the consolidated
financial statements.

2. Application of the Equity Method(1) Number of affiliated companies accounted for by
the equity method:
1 company: Hibi Kyodo Smelting Co., Ltd.

(2) Unconsolidated subsidiaries (Shin Yaguki Mining Co.,
Ltd. and others) and an affiliated company(POLYTETSU-KOREA Co., LTD.) not accounted for by
the equity method are excluded from the scope of
application of the equity method because they have nooverall significance and their net income and retained
earnings (commensurate with equity holdings) would
have an immaterial effect on consolidated financial
statements even if they were excluded from eligibility
for the equity method.

3. Business Years of Consolidated Subsidiaries
Companies with account settlement dates different
from the consolidated account settlement date are as
follows:
Company Name
Settlement Date
Sociedad Contractual Minera
December 31
Atacama Kozan
Minera Nittetsu Chile Limitada
December 31
The financial statements of the consolidated subsidiaries
as of the account settlement date are used. Necessary
adjustments are made in consolidation for significant
transactions occurring between then and theconsolidated account settlement date.

4. Summary of Significant Accounting Policies(1) Valuation standard and method for significant
assets(a) Marketable securities
Securities designated for sale are evaluated by themarket value method (cost of securities sold is
calculated by the moving-average method).
Held-to-maturity securities are calculated by theamortized cost method (straight-line).
Other marketable securities:

8

Securities with fair market value:
Valued at fair market value based on market prices,
etc., at the balance sheet date (valuation differences
are directly charged or credited to net assets, andcost of securities sold calculated by the movingaverage method).
Securities without fair market value:
Valued at cost by the moving-average method.
(b) Derivatives
Market value method(c) Inventories
The standard for evaluation is the cost method(book value devaluation method based on the
decline in profitability). The method of evaluation is
the periodic-average method or the first-in, firstout method, depending on the product line or typeof business.

(2) Method for depreciation and amortization ofsignificant depreciable assets(a) Property, plant and equipment (except forlease assets)
The Company and its domestic consolidated
subsidiaries primarily use the declining balancemethod. However, buildings acquired on or after April
1, 1998, excluding leasehold improvements andauxiliary facilities attached to buildings, aredepreciated using the straight-line method. Certain
structures (major mineshafts) and all mining land are
depreciated using the production output method.
Overseas consolidated subsidiaries primarily use thestraight-line method.
Estimated useful lives are as follows:
Buildings and structures: 5–60 years
Machinery, equipment and vehicles:
3–20 years(b) Intangible assets (except for lease assets)
For mining rights, the production output method isadopted. For others, the straight-line method isadopted. Software for internal use is amortized using
the straight-line method based on the usable period in
the company (5 years).
(c) Lease assets
Leased property under finance leases that do nottransfer ownership of the lease property are computed
over the lease terms assuming no residual value.

(3) Accounting for significant reserves and allowances(a) Allowance for doubtful accounts
At the end of each fiscal year, the Company sets aside
an allowance for doubtful accounts in the estimatedunrecoverable amount, based on the Company’s loss
experience for general credit and on the Company’s
individual estimates of future recoverability for specificaccounts, including doubtful accounts.
(b) Provision for bonuses
The Company and its domestic consolidated subsidiaries
set aside a reserve for provision for bonuses, calculated
based on estimated payments to cover payment ofbonuses to employees.

(c) Provision for directors’ bonuses
The Company and its domestic consolidated subsidiaries
set aside a reserve to match provision for bonuses,
calculated based on estimated payments to cover
payment of bonuses to directors.
(d) Provision for retirement benefits
At the end of each fiscal year, the Company sets aside areserve for provision for employees’ retirement benefits
in an amount equal to the amount required to be paid
at the balance sheet date, based on the estimatedamount of retirement benefit obligations and pension
plan assets at the balance sheet date.
Calculation differences, which are prorated based on
the straight-line method according to a stated numberof years (13) within the average residual employee
service time, are expensed for the consolidated fiscal
year in which they occurred.
(e) Provision for directors’ retirement benefits
At the end of each fiscal year, certain domestic
consolidated subsidiaries set aside a reserve for provision
for retirement benefits for directors according tointernal company regulations.
(f) Provision for environmental safety measures
In accordance with the Special Measures Law for the
Promotion of Proper Disposal of PCB Waste (Law No.
65, June 22, 2001), the Company sets aside a
reasonable reserve in an amount equivalent to theestimated disposal expenses for stored PCB.
(g) Provision for shareholders’ benefits
The Company sets aside a reasonable reserve tocover payments for expenses of the shareholders’benefit program, in an amount equivalent to theestimated expenses.
(h) Other reserves
Nittetsukoukenzai Co., Ltd. sets aside a reserve tocover expenses required for repairs to undergo
periodic inspections under the Ship Safety Law, in an
estimated amount required based on the previous
special repair expenses.
Nittetsu Kagoshima Geothermal Co., Ltd. sets aside areserve to cover estimated expenses for periodic repairof geothermal production transport equipment.

(4) Standards for translation of significant foreign
currency denominated assets and liabilities into
Japanese yen
Current and non-current monetary accounts
denominated in foreign currencies are translated into
yen at the current exchange rates as of the balance
sheet date, and any translation difference is accounted
for as a profit or loss for the year.
All assets and liabilities of overseas consolidated
subsidiaries are translated at the rates of exchange in
effect at the overseas consolidated subsidiary’s balance
sheet date. All revenues and expenses of overseas
consolidated subsidiaries are translated at the average
rates of exchange for the fiscal year. Foreign currencytranslation adjustments are included in “Valuation andtranslation adjustments” and “Minority interests” in the
Net Assets section of the Balance Sheet.

(5) Main hedge accounting methods(a) Hedge accounting method
The Company uses mainly deferred hedging. However,under certain conditions, interest rate swap transactions
are accounted for according to special conditions. The
recognition of gains and losses on foreign monetary
rights or obligations at a preset price is used for
currency swap transactions that qualify for hedge
accounting requirements.
(b) Hedge instruments, hedge objects and hedge policy
The Company’s interest rate swap transactions andcurrency swap transactions are carried out to avoid risk
associated with loan interest rate fluctuations andexchange rate fluctuations.
(c) Method of assessing the effectiveness of hedges
Over the period from the beginning of a commodity
future transaction to the point at which theeffectiveness is determined, the market fluctuations of
the hedged commodity and the market fluctuations of
the hedged instrument are compared and effectivenessdetermined. However, interest rate swap transactions
are treated separately and are omitted from thiseffectiveness evaluation, and currency swap transaction
also is omitted its evaluation of effectiveness because of
the recognition of gains and losses on foreign monetary
rights or obligations at a preset price.

(6) Other significant items for the presentation of theconsolidated financial statements(a) Calculation method for revenue from construction
work completed and costs of completed
construction work
The percentage-of-completion method is used forconstruction contracts where the outcome of thesection in progress is deemed certain by the end of thecurrent consolidated fiscal year, while the completedcontract method is applied to all other construction
contracts. In addition, estimates of the state ofcompletion at the end of the current consolidated fiscal
year are calculated using the cost-to-cost method forconstruction projects using the percentage-ofcompletion method.
(b) Accounting for consumption taxes, etc.
Consumption taxes and local consumption taxes are notincluded in the consolidated financial statements.
(c) Calculation method for revenues from financelease transactions
Revenues and cost of sales are calculated at the time ofreceiving lease payment.

5. Note Concerning Changes in
Accounting Estimates
Plant, property and equipment and intangible assets
owned by consolidated subsidiary Sociedad Contractual
Minera Atacama Kozan have been depreciated based on
the number of minable years. However, mining activities
have uncovered additional resources in the area aroundthe existing mine. Based on a new calculation of minable
ore, the service life of primary equipment has been
extended and changed for all subsequent fiscal years.

9Notes to Consolidated Financial Statements

As a result, depreciation charges for the fiscal year
under review decreased ¥321 million compared to theprevious depreciation method, and increased operating
income, ordinary income and net income by the sameamount, respectively.

7. Notes to the Consolidated Balance Sheets(1) Collateral assets

6. Note Concerning Changes in Accounting
Policy That Are Difficult to Distinguishfrom Changes in Accounting Estimates
Nittetsu Mining Co., Ltd. and its domestic consolidated
subsidiaries changed the depreciation method they use
for plant, property and equipment acquired on or after
April 1, 2012 starting with the fiscal year under review inconjunction with revisions made to Japan’s Corporation
Tax Act.
As a result, depreciation charges for the fiscal year
under review decreased ¥106 million compared to theprevious depreciation method, and increased operating
income, ordinary income and net income by the sameamount, respectively.

(Millions of yen)Tangible assets
Debt collateralized by the above
Short-term loans
Long-term loans
Guarantee deposits received

¥ 909
321
392
10
724

Total

(2) Accumulated depreciation of tangible assets:¥118,363 million(3) Guaranteed liabilities(Millions of yen)

Total guarantee
Guaranteed liabilities¥ 178

Consolidated
company debt
¥ (31)

Corporate Information
OutlineAs of March 31, 2013

Date of Establishment

Mineral Resources

Common Stock

Non-Metallic Minerals

200,000,000 shares

Metallic Minerals

340

Issued andOutstanding

83,523,195 shares(including 262,862 shares of treasury stock)

Machinery & Environmental Engineering

250

Number of Shareholders% of total

Nittetsu Kogyo Shogakukai*
The Master Trust Bank of Japan, Ltd. (trust account)
Mizuho Corporate Bank, Ltd.
Sumitomo Mitsui Banking Corporation
Japan Trustee Services Bank, Ltd. (trust account)
Millions of yen

Japan Trustee Services Bank, Ltd. (trust account 9)

2013

CBNY DFA INTL SMALL CAP VALUE PORTFOLIO

Sales to external customers
Inter-segment sales
Segment Revenue
Segment Profits

Real Estate

Eliminations
andCorporate

Total¥ 42,256—
42,256¥ 8,722
1,014
9,736

¥ 2,577
34
2,612

¥—
(1,349)(1,349)¥ 102,840—
102,840

5,244

4,083

860

1,353

(2,893)

8,649

Millions of yen

Sales to external customers
Inter-segment sales
Segment Revenue
Segment Profits

Real Estate

Eliminations
andCorporate

Total¥ 43,767—
43,767¥ 8,147997
9,145¥ 2,653
34
2,688

¥—
(1,402)(1,402)¥ 101,505—
101,505

3,550

3,096

695

1,396

(1,451)

7,288

Thousands of US dollars

Segment Profits

93

Total

1,704

Number of Employees (Non-Consolidated)645

Principal Lenders
Mizuho Corporate Bank, Ltd.
Sumitomo Mitsui Banking Corporation
The Bank of Tokyo-Mitsubishi UFJ, Ltd.

As of March 31, 2013

Real Estate

Eliminations andCorporate

Metallic Minerals
Electrolytic copper, gold and silver, copper concentrate

Total$ 524,017
3,196
527,214$ 449,296—
449,296$ 92,745
10,782
103,528$ 27,408
371
27,779$—(14,350)(14,350)$ 1,093,468—
1,093,468

55,76643,4159,150

14,394(30,761)

91,965Major Products

Mineral Resources Non-Metallic Minerals
Limestone, dolomite, crushed stone, calcium carbonate, silica rock, quicklime, hydrated
lime, cement, gypsum, ready-mixed concrete and concrete products, petroleum products,
coal, LPG, chips for pulp, mineral water, specialty papers (fire-retardant, calcium carbonate),
granulates, handling and transportation of mineral products, technological consulting formining and civil engineering, supply of geothermal steam and brine, others

2013

Sales to external customers
Inter-segment sales
Segment Revenue

Corporate (shared)*Non-profit corporationGroup¥ 46,936
369
47,306

Non-Metallic
Machinery &Metallic Minerals
Minerals
Environmental
Engineering

14.87
7.70
5.61
3.53
3.49
3.11
2.37
2.33
1.98
1.68

3

Primary Businesses

2012
Non-Metallic
Machinery &Metallic Minerals
Minerals
Environmental
Engineering

Nittetsu Kogyo Shareholding Association
The Bank of Tokyo-Mitsubishi UFJ, Ltd.

¥ 49,283
300
49,584

Real Estate

5,780

Nippon Steel & Sumitomo Metal Corporation

Non-Metallic
Machinery &Metallic Minerals
Minerals
Environmental
Engineering

1,018

Authorized

Major Shareholders

8. Segment Information

Number of Employees (Consolidated)

May 20, 1939

Machinery& Environmental
Engineering

Machinery Engineering
Dust collectors, crushing and grinding equipment, mining machinery, construction-related
machinery, civil engineering machinery, electric machinery, monorail for passenger
transportation, ball valves, powder/fluid-related machinery, maintenance/repair of baryta
machinery, others
Environmental Engineering
Water treatment agents, deodorizers, others

Real Estate

10

Rentals of office buildings, condominiums, commercial spaces, factories and warehouses andreal estate sales

11Corporate Information
Organizational Chart

Offices

As of July 1, 2013

As of March 31, 2013
Torigatayama Quarry Complex

General Meetingof Shareholders

Domestic
Yusen Building, 3-2, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-8377, Japan
URL: http://www.nittetsukou.co.jp/eng/

Head Office

Board of Directors

Corporate Auditors
Board ofCorporate Auditors

General Administration
Department

Shiriya Quarry Complex

General Accounting
Department

Ikura Quarry Complex

Limestone & Raw Materials
Sales Department

Higashi-shikagoe
Quarry Complex

Non-Ferrous Metal & Ore
Department

Oita Quarry Complex

Machinery & Environmental
Sales Department

Tochigi Quarry Complex

President
Kagoshima Geothermal Facility

Mining Department

Management Council

Resources Development
Department

Osaka Branch Office

R&D Department

Kyushu Branch Office

General Administration Section

Tel: +81-3-3284-0516

Fax: +81-3-3215-8480

Public & Investor Relations Group

Tel: +81-3-3284-0518

Fax: +81-3-3215-8480

Limestone Sales Section

Tel: +81-3-3216-5261

Fax: +81-3-3284-0037

Limestone Powder
and Aggregate Sales Section

Tel: +81-3-3216-5260

Fax: +81-3-3284-0037

Fine Materials Sales Section

Tel: +81-3-3216-5254

Fax: +81-3-3215-7293

Non-Ferrous Metal & Ore Section

Tel: +81-3-3216-5265

Fax: +81-3-3284-0037

Environmental Sales Section

Tel: +81-3-3216-5320

Fax: +81-3-3216-5262

Machinery Sales Section

Tel: +81-3-3216-5321

Fax: +81-3-3216-5263

Resources Development Section

Tel: +81-3-3216-5281

Fax: +81-3-5962-5180

Information System Section

4-20-30, Shimorenjaku, Mitaka-city, Tokyo 181-0013, Japan
Tel: +81-422-79-1160 Fax: +81-422-79-1161

R&D Department

8-1, Hirai, Hinode-cho, Nishitama-gun, Tokyo 190-0182, Japan
R&D Administration Section
Tel: +81-42-597-7001 Fax: +81-42-597-7013

Overseas
Level 24, 1 York Street, Sydney, NSW 2000, Australia
Tel: +61-2-9252-2076 Fax: +61-2-9252-2220

Sydney Branch Office
Safety Administration Office

Hokkaido Branch OfficeBusiness Continuity
Management Office

Tohoku Branch Office

Sydney Branch OfficeDirectors and Corporate Auditors
Rokuro Matsumoto
Director and Vice President

Kimio SatoManaging Director

Yoshifumi Noguchi
Directors

Jun Matsunaga(Supervision of Resources Development Department)

Hiroshi Koyama(Supervision of General Administration Department and General
Accounting Department)

Hideo Kawamura(Supervision of Safety Administration Office, and General Manager,
Mining Department)

12

As of March 31, 2013
CapitalMillions of yen

Company
Holdings (%)

Nittetsu Kagoshima
Geothermal Co., Ltd.

245

100.0

Supply and sales of geothermal steam and brine

Nittetsu Mining Consultants
Co., Ltd.

100

100.0

Consulting services for geological surveys, geophysicalexploration, test boring and construction

Hokkaido Lime Co., Ltd.

80

100.0

Manufacture and sales of quicklime and hydrated lime

Funao Mining Co., Ltd.

60

100.0

Mining and sales of limestone
Manufacture and sales of calcium carbonate

Nittetsukoukenzai
Co., Ltd.

50

100.0

Buying and selling of limestone, crushed stone and calcium
carbonate

Kobukuro Techno Co., Ltd.

50

100.0

Manufacture and sales of crushing and grinding equipment
and electric machinery

Subsidiaries

As of June 27, 2013
Representative Director and President

Major Subsidiaries

Standing Corporate Auditors

Hikoso Takahashi
Izumi Tanaka
Corporate Auditors

Kaoru Yamazaki
Yohtaro Matsuo
Corporate Executives

Jinichi Kamitani(General Manager, Torigatayama Quarry Complex)

Shinya Yamasaki

Primary Businesses

Notes: 1. Nittetsu Kagoshima Geothermal Co., Ltd. acquired its treasury stock on October 24, 2012. As a result, Nittetsu Mining Co. Ltd. became the company’s sole
shareholder, making it a wholly owned subsidiary of Nittetsu Mining Co., Ltd.
2. Nittetsu Mining Co., Ltd. executed an absorption-type merger effective April 1, 2013 to acquire Nittetsu Kagoshima Geothermal Co., Ltd. As a result of thismerger, Nittetsu Mining Co., Ltd. succeeded to all rights and obligations of Nittetsu Kagoshima Geothermal Co., Ltd. pertaining to the company’s sale andsupply of geothermal steam and hot water.

(General Manager, Machinery & Environmental Sales Department)
Subsidiaries

CapitalThousands of US dollars

Company
Holdings (%)

Sociedad Contractual
Minera Atacama Kozan

3,750

60.0

Primary Businesses

Mining and sales of copper and other minerals

13