Takuma Co., Ltd.

Copyright 2021 TAKUMA Co.,Ltd. All Rights Reserved.

May 2021

① Takuma’s Origins
Founder Tsunekichi Takuma invented the Takuma boiler in 1912 based on a unique design following a period of painstaking research, making asignificant contribution to the development of Japanese industry through its performance that overwhelmed the foreign technologies that dominatedthe field at the time.
Tsunekichi founded Takuma Co., Ltd in 1938 with the philosophy of “Serve society through boiler manufacturing” in an effort to spur the furtherdevelopment of boiler technology through an approach based solely on domestic manufacturing.

Harima Factory under construction

Houroku (unglazed pot)
used in boiler water circulation experiments
along with a corresponding sketch
Copyright 2021 TAKUMA Co.,Ltd. All Rights Reserved.

Tsunekichi posing with his boiler

Band performance celebrating the first shipmentof the Tsunekichi Model A boiler

1② Takuma’s History and Values
Drawing on the spirit of “Serve society through boiler manufacturing” and Tsunekichi’s tenacity as an inventor over the course of more than 80 years
since its founding, Takuma has continued to embrace the challenge of new technologiesy in every era by bringing out new products and services borneof creativity, thereby contributing to the development of society and the resolution of societal challenges. “Serve society through boiler
manufacturing,” meaning “contributing to society by providing goods and services that are needed and recognized as valuable in society,” is theTakuma Group’s mission and the embodiment of the values that have remained unchanged since its founding.

1949年

1975年

Bagasse-fired boiler(※1),
the first product of its kind to beexported

Mass production began on“Vacotin Heater”
the world’s first vacuum-type
hot water heater

1998年

2019年

2014年

Japan’s largest
waste incineration plant delivered

O&M businessFor biomass power plantslaunched(※3)

Takuma's first biomass power plantunder Japan’s FIT program (※2)
was launched
Thereafter, many more plants were delivered

1963年

1986年

2010年

2015年

Japan's first 24 hour operating
waste incineration plant delivered

The first overseas delivery
of a waste incineration plant completed(U.S.A.)

Energy from Waste plantdelivered in Europe (U.K.)

Power retail business launched.
Promotion of local power productionand consumption※1 Bagasse･･ﬁber remaining after sugarcane is crushed. A type of biomass fuel.
※2 Japan’s FIT program ･･ Feed-in tariff system for renewable energy※3 O&M･･Operation & Maintenance Business that collectively undertakes plant operation management and maintenance work
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③ Takuma Group Strengths
Along with the technologies and expertise that the Takuma Group has improved and accumulated since its founding, therelationships of trust that the Group has developed with longstanding customers by providing after-sales service and solutions
are its greatest strengths and the source of its ability to compete successfully.

Municipal solid waste
treatment plants

Water treatment plants• Waste incineration plants
360+ facilities• Uniflow sand filters: 2,700+ units• Sludge incinerators: 20+ facilities

Energy plants• Boilers: 3,200+ units
Of which, biomass boilers: 620+ units• Industrial waste treatment plants: 120+ facilities

Package boilers

Building equipment and equipment
for the semiconductor industries• Vacuum-type Hot Water Heaters (Vacotin Heater)• Once-through Boilers (Equos)• Heat-transfer Boilers (Thermoheater)• Air-conditioning, water, wastewater,and hygienic equipment installation services• Equipment for the semiconductor and electronic device industries

Takuma Group Strengths

Technology and expertise

Copyright 2021 TAKUMA Co.,Ltd. All Rights Reserved.

Relationships of trust with customers
3④ Takuma Group Vision (1 of 3)
We will contribute to the realization of a sustainable society by strengthening our approach to ESG issues through businesses
that tap the Group’s strengths in light of medium- to long-term trends and social issues.

World• Rising energy demand andwaste issues, particularly indeveloping nations

Implementing ESG management
Takuma Group business• Increasingly serious problemof climate change

Municipal solid waste treatment
plants• Progress of the 4th Industrial
Revolution

Water treatment plants

Realization of a sustainable society

Energy plants

Japan• Shrinking and aging
population• Increasingly large-scale
natural disasters• Financial challenges• Aging infrastructure
Copyright 2021 TAKUMA Co.,Ltd. All Rights Reserved.

General-purpose boilers
Building equipment andequipment
for the semiconductor industriesTakuma Group Strengths• Technology and expertise• Relationships of trust with customers

4④ Takuma Group Vision (2 of 3)
The Takuma Group will strive to become a great partner for its customers as it pursues its business activities while resolving challenges faced bycustomers and society through useful technologies and services that are founded on innovation and the spirit of tenacious invention that it has
inherited from its founder. The ongoing repetition of this process will allow the Group to grow in a sustained manner alongside its customers.
The Group will contribute to the realization of a sustainable society by addressing ESG issues through these business activities and thereby aim to
maintain our role of being an indispensable presence in society as a leading company in the field of renewable energy utilization and environmental
protection and envision JPY 20.0 billion yen as an ordinary profit level to be achieved in 10 years.

Aim to maintain our role of being an indispensable presence in society as a leading company
in the field of renewable energy utilization and environmental protection.
FY2030

Sustainable growth alongside our customers and society
Technologies and services
Resolutionof challenges

Innovation

Customer

Ordinary profit
JPY

20.0 billion

FY2020
TakumaGroupSociety

Ordinary profit
JPY

11.0 billion
Creative R&D

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Sharingof needs and issues

5④ Takuma Group Vision (3 of 3)
Specifically, we will address ESG issues by undertaking business activities that consistently provide technologies and services that help resolve issues
faced by customers in their business activities or administrative services, local communities, and developing nations, with a focus on renewable energy
utilization and environmental protection. We will strive to realize sustainable growth by implementing this approach to ESG management.

Sustainable growth by implementing ESG management
Resolving challenges faced by customers and society,with a focus on renewable energy utilization and environmental protection
Technologies and services••••

Expanding clean energy
Reducing greenhouse gases
Saving energy
Improving energy efficiency••••

Realizing stable treatment of waste
Utilizing unused resources
Capturing and effectively utilizing CO2
Providing decarbonization technologies• Realizing local production andconsumption of energy• Reducing power and manpower
requirements of plant facilities while
making them more resilient

Takuma Group business
EPC

Recurring revenue model businesses

Overseas businesses

Engineering, Procurement, and Construction (EPC)of a variety of plants

Maintenance, operation management,
O&M, energy services, etc.

EPC and after-sales service for Energy
from Waste plants and biomass power plants

Maintenance and expansion of position
as a leading company

Additional expansion
as a core driver of growth

Expansion with a focus on developing nations in Asiaand its development into a core business for the GroupPackage boiler business

Equipment and systems businessNew businesses

Expanding business domain as a manufacturer
specializing in heating systems

Aim for steady growthby strengthening corporate strength

Creating new business opportunities centered on
the renewable energy and environmental fields

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