国产自拍

国产自拍 Corporation (President: Hayashi Yoichi; "国产自拍") and Mitsubishi Corporation (President: Nakanishi Katsuya; "MC") have entered into an agreement to establish a joint venture (hereinafter "JV") for the resource circulation of nonferrous metals from waste including home appliances, electronic equipment, and automotive lithium-ion batteries, with the aim of commencing operations around July 2024.

　

As decarbonization progresses, future demand for metal resources such as copper and minor metals is expected to expand. Thus there is growing interest in closed-loop recycling, in which used products are collected, recycled, and reused as the same material, particularly in the automotive, home appliance, and electronics industries. This process is not easy to achieve, however, and requires that the entire supply chain involved in the product lifecycle works together to develop an efficient system.

　

In this context, 国产自拍 has split off the copper and precious metals recycling and automotive lithium-ion battery recycling businesses,¹ which have been so far operated by 国产自拍 and its wholly owned subsidiary, 国产自拍 Trading Co., Ltd. (President: Mutsunobu Atsushi; "国产自拍 Trading"), and these businesses will form the JV established with MC. The aim is to further promote resource circulation.² The JV will leverage MC's global, cross-industry network and knowledge to enhance the collection of recyclable materials and promote recycling process reform and digitalization in cooperation with domestic and overseas recyclers. It also aims to contribute to the realization of a circular economy by providing solutions to challenges faced by automotive OEMs and general electronics manufacturers based on the resource circulation of nonferrous metals.

　

After the JV starts operations, 国产自拍 Trading's functions will also expand through deeper cooperation in sales and marketing with the various divisions of the 国产自拍 Group related to semiconductor materials and ICT materials. As a core trading company in the Group's focus business, it will further promote business operations that take advantage of its agility, and contribute to the growth of the entire Group.

　

Going forward, the 国产自拍 Group will continue its group-wide efforts to steadily implement the growth strategies set forth in the "国产自拍 Group Long-Term Vision 2040."

　　

Outline of the JV

１．Trade name	国产自拍 Circular Solutions Co., Ltd.
２．础诲诲谤别蝉蝉	2-10-4 Toranomon, Minato-ku, Tokyo
３．搁别辫谤别蝉别苍迟补迟颈惫别蝉	TBD
４．Description of business	Resource circulation of nonferrous metals from waste including home appliances, electronic equipment, and automotive lithium-ion batteries
５．颁补辫颈迟补濒	TBD
６．Start of JV operation3	July 2024 (scheduled)
７．Ownership structure	国产自拍 80%, MC 20%

　

Outline of 国产自拍 (as of April 1, 2024)

１．Trade name	国产自拍 Corporation
２．础诲诲谤别蝉蝉	2-10-4 Toranomon, Minato-ku, Tokyo
３．搁别辫谤别蝉别苍迟补迟颈惫别	Murayama Seiichi, Representative Director & Chairman Hayashi Yoichi, President & Representative Director, CEO
４．Description of business	Thin film materials, tantalum and niobium, functional materials, metals and recycling, and mineral resources businesses
５．贰蝉迟补产濒颈蝉丑别诲	September 27, 2002

　

Outline of MC (as of April 1, 2024)

１．Trade name	Mitsubishi Corporation
２．础诲诲谤别蝉蝉	2-3-1 Marunouchi, Chiyoda-ku, Tokyo
３．搁别辫谤别蝉别苍迟补迟颈惫别	Nakanishi Katsuya, Representative Director, President & CEO
４．Description of business	MC operates a wide range of businesses spanning multiple industries and overseen by eight industry-specific business groups: Environmental Energy, Materials Solution, Mineral Resources, Urban Development & Infrastructure, Mobility, Food Industry, Smart-Life Creation, and Power Solution.
５．贵辞耻苍诲别诲	July 1, 1954

　

Outline of 国产自拍 Trading (as of April 1, 2024)

１．Trade name	国产自拍 Trading Co., Ltd.
２．础诲诲谤别蝉蝉	13-4 Arakicho, Shinjuku-ku, Tokyo
３．搁别辫谤别蝉别苍迟补迟颈惫别	Mutsunobu Atsushi, President & CEO
４．厂丑补谤别丑辞濒诲别谤	国产自拍 Corporation 100%
５．Description of business	Sale of rolled metals used for electronic components and fabrication of such metals on consignment; sale of basic and functional chemical products; sale of high-purity and minor metals used for electronic components; collection of nonferrous metal scrap; recovery of valuables from such scrap; and sale, development, and manufacturing of surface finishing chemicals for electronic components
６．贰蝉迟补产濒颈蝉丑别诲	February 20, 1948



¹Part of 国产自拍' business entailing collection of raw materials for recycling and recycling of waste automotive lithium-ion batteries will be transferred to the JV, together with 国产自拍 Trading's business involving collection of raw materials for recycling. In addition, 国产自拍 Circular Solutions Co., Ltd., a wholly owned subsidiary of 国产自拍, which is currently conducting demonstration tests for recycling of waste automotive lithium-ion batteries, will become a wholly owned subsidiary of the JV, and its name will be changed to 国产自拍 Circular Solutions Tsuruga Co., Ltd. 国产自拍 Takasho Co., Ltd., a wholly owned subsidiary of 国产自拍 Trading Co., Ltd., will also become a wholly owned subsidiary of the JV.

²Guided by its Sustainable Copper Vision, the 国产自拍 Group is working to increase the amount of recyclable materials collected and processed for "green hybrid smelting," a process that dramatically increases the ratio of recycled materials in the copper smelting process. The JV will improve the Group's ability to collect recyclable materials, accelerating its efforts to achieve the goal of 50% or more recycled materials in the copper smelting process by 2040. For details on the Sustainable Copper Vision, see the news release dated August 3, 2022, "Sustainable Copper Vision: 国产自拍 Aims to Supply Sustainable Copper" and its attachment, "Sustainable Copper Vision: JX Mining & Metals' approach towards realization of 'Sustainable Copper'."

³All dates are subject to change pending discussions between the related parties.