DOWA HOLDINGS CO., LTD.

dowa HOLDINGS CO., LTD. 14-1, Sotokanda 4-chome, Chiyoda-ku, Tokyo 101-0021, Japan URL: Cover photo (from the top): Silver powder Compound semiconductor wafer dowa HOLDINGS CO., LTD. Magnetic powder Annual Report 2017. Printed in Japan For the year ended March 31, 2017. Through its business operations on the CONTENTS. 2 Corporate History 12 Business Review 30 Subsidiaries and Affiliates world stage, dowa seeks to contribute 4 Our Five Core Business 22 CSR Policy and Planning 32 Financial Section Segments 24 Corporate Governance 69 Corporate Data 6 Message from Management 27 Board of Directors and Officers to the creation of prosperous 10 Financial Highlights 28 Global Network communities and the emergence of a resource recycling society. Silver powder Heat treatment furnaces Compound semiconductor wafer Metals recycling Copper powder Precious Zinc metal-electroplating processing Metal-ceramics Waste treatment substrates Platinum group metals recycling High-performance copper alloys Cautionary note regarding forward-looking statements Within this report, present plans, forecasts, strategies, beliefs, and other statements relating to the Company and the Group that are not historical facts are forward-looking statements about future performance.

Printed in Japan Cover photo (from the top): Silver powder Compound semiconductor wafer Magnetic powder DOWA HOLDINGS CO., LTD. Annual Report 2017 For the year ended March 31, 2017

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