Integrated Report 2017 EBARA CORPORATION EBARA CORPORATION Integrated Report 2017 01 Message from the Chairman of the Board of Directors

Founding Spirit “Netsu to Makoto(Passion and Dedication)” Corporate Philosophy We contribute to society through high-quality technologies and services relating to water, air, and the environment. Integrated Report 2017 EBARA CORPORATION EBARA CORPORATION Integrated Report 2017 01 Message from the Chairman of the Board of Directors Contribution to Society through Business by EBARA Commitment to Environmental Technology The products we provide embody our commitment to the environment. This commitment heightens the competitiveness of our products and is linked to an advantage in the market. Technology for Reduction of Power Use To curtail GHG emissions, it is effective to reduce the amount of power consumption needed to operate our products. A case Natsunosuke Yago Chairman of the Board of Directors in point here is our approach to energy-saving technology for pumps used to supply water in buildings. Technology for Resource Recycling At EBARA, we have carried on our Corporate Philosophy of EBARA is also making efforts in the field of resource recycling “contribution to society by providing superior technologies (regeneration and reuse) in order to reduce wasteful energy and services related to water, air, and the environment” along use. We are not only making and transporting safe and secure with our Founding Spirit of “Netsu to Makoto” (Passion and water, but also providing facilities that enable reclamation of Dedication). At the time of starting our business, Japan was domestic wastewater after use. We also make waste incinera- not fully equipped with a social infrastructure. Our founder tion facilities that recover useful resources and generate elec- consequently conceived the desire to “contribute to the build- tricity in addition to incinerating residential waste. ing of Japan through the stable and safe supply of water.” Out Technology for GHG Treatment of this desire, the Company developed the products that were EBARA also offers products to prevent the atmospheric emis- the first Japanese-made of their kind, and responded to the sion of GHGs derived in manufacturing processes. One example needs of society. Needs related to social infrastructure were is our equipment related to emission and treatment of GHGs hardly confined to assurance of clean water; they widened to derived in the process of manufacturing semiconductors. assurance of pleasant and comfortable spaces for living. In the Technology for Lengthening Product Life process, EBARA became one of the first companies to begin EBARA is working to augment its technologies related to offering air handling products in the form of fans and chillers. product repair, overhauling, and maintenance, in order to Meanwhile, it developed incineration facilities for disposing of reduce waste derivation by lengthening the service life of the waste derived in human activity and introduced them to the products we sell. market. We truly expanded our business by developing the technology needed in society with passion and providing the Society and EBARA resulting products to society with dedication. The “unity with society” is part of a company’s responsibility to Today as well, there has been no change in the fact that society. The fulfillment of this responsibility is linked to employee EBARA is contributing to society through its business, but the desires to “make EBARA bigger and take on more responsi- picture of our contribution has been changing. This change is bility.” It will increase EBARA’s value as a result. being induced by the common proposition of finding ways to Assurance of Diversity “protect the global environment that we live in.” To sustain and With “respect for differences” and “awareness of the value of improve the global environment, it has become indispensable differences,” we are taking action to incorporate differences on to “avoid warming the earth.” Efforts to reduce emissions of the organizational level. EBARA is developing its business on a greenhouse gases (GHGs), which have been identified as a worldwide scale, and employees who are citizens of a country cause of the warming phenomenon, are now being required other than Japan now account for the majority of the EBARA of all companies doing business anywhere on the face of the Group as a whole. At the Group headquarters, we are hiring earth. By providing technology to resolve the problems related more employees who were educated outside Japan and to this proposition, EBARA can contribute to “sustain and improve increasing the number of women we are hiring. I believe that the global environment” and expand our business as a conse- assurance of unity with society where differences exist will quence of such contribution. enable us to accurately ascertain what society needs and be Companies are being called upon to “find a way to grow” linked to advancement of our business. through cooperation with society. Viewing the situation from this perspective, I would like to profile the “now” of the approaches EBARA is taking with its Founding Spirit of “Netsu to Makoto.” 02 Integrated Report 2017 EBARA CORPORATION Execution of a Business Continuity Program What has clearly changed under the new form of organiza- In anticipation of the occurrence of large-scale disasters, tional structure is that decisions on matters of importance to EBARA is implementing a business continuity program to management are now made through objective discussion secure the safety of its employees and discharge its responsi- including independent directors. This has led to greater confi- bility for supply to customers. Circumstances in the wake of dence in business execution. The activities of the three commit- the Great East Japan Earthquake and the Kumamoto Earth- tees, most of whose members are independent directors, also quake did not impede our delivery of products. We also were exclude the possibility of decisions lacking fairness and trans- able to assist restoration of the social infrastructure. parency by individuals, and so contribute to decision-making Promotion of Work-style Reform in conformance with conventional wisdom. The incorporation We are striving to reduce annual work hours so that our of social perspectives in the decision-making process on employees’ lives are not dominated by their jobs. At the same amounts of compensation and appointments to the Board or time, we are reforming our personnel system so our employees corporate officers likewise help personnel who are assessed can find fulfillment in their work. feel assured about the correctness of the assessment. I am Activities in Support of Culture, Science, and Sports convinced that this structural change leads to greater motiva- EBARA supports “foundations engaged in public service proj- tion in the management team, and that this, in turn, leads to an ects related to culture, science, and sports,” and practices its increase in EBARA’s corporate value. policy of “returning profits to society.” Our activities in support of this cover a wide range of subjects including everything from What We are Aiming for “museum activities that show Japan’s traditional culture to the Our target vision for the growth of our business is set forth in general public” and “aid for research on themes in the sphere the “management policy” and our medium-term management of science and engineering” to “provision of scholarships to plan. The “management policy” presents the status to which students who may otherwise be unable to go to college.” we aspire ten years from now and the medium-term management plan sets the targets to be attained over the next three State of Corporate Governance years. E-Plan 2019, our new medium-term management plan, In my opinion, the foundation of corporate governance lies at began this fiscal year. It was eventually approved after discus- the scheme for objective monitoring of the quality of business sions in the Board, lasting for a year, on plans prepared by the execution by the Board of Directors and for supervision to executive side. Our goal is to heighten the earning power of further heighten that quality. From that perspective, we transi- our Fluid Machinery & Systems Business, which accounts for tioned two years ago to become a Company with Three two-thirds of the sales in the entire EBARA Group and consti- Committees system in which 50% or more of the board mem- tutes the core of our “contribution to society through our busi- bership consists of independent directors. I think the frame- ness.” A particular focus is in the pumps business and the work of our Board satisfies major international standards as compressors and turbines business. We want to once again well as, of course, the requirements of the Japanese Corporate rank among the top three entrants in those respective indus- Governance Code. In addition, with the cooperation of a third- tries. To this end, we are going to carry out a program of busi- party institution, we assess the effectiveness of the Board’s ness reform that centers around full-auto plants and extends supervisory function every year and inform all of our stakehold- from production processes to business processes. In addition, ers of the results. At the same time, we aspire to further besides expanding our service & support business to curtail improvement of effectiveness and are working on issues the impact of market fluctuation to a minimum, we are going to revealed by the evaluation results. market new products in fields handling water where the market is both big and stable. We have positioned the three years

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