80Th Term Interim Business Report April 1, 2019 September 30, 2019 Greeting

Stock Code 7408

To Our Shareholders The 80th Term Interim Business Report April 1, 2019 September 30, 2019 Greeting

Apology for the Quality-related Incidents Overview of 1st Half FY2019 Performance affected products will recommence in the third Financial Highlights We conducted a thorough, Group-wide investigation The passenger airline industry is characterized by quarter and we expect sales to come in slightly after the discovery of an incident of improper ongoing intensifying competition from low-cost above the target for consolidated sales issued on Net sales (Millions of Yen) Total assets and Net assets (Millions of Yen) inspection procedures at a factory producing our carriers (LCCs) amid growing worldwide demand for May 10, 2019. 92,600 Total assets Net assets 100,000 91,561 (Full-year Forecast) 120,000 108,797 aircraft interiors and aircraft seat products. Following air travel. Major airlines are launching strategies Profits will be impacted by the additional costs 81,834 84,068 102,980 77,791 100,000 92,284 92,559 94,456 the findings that additional improper quality-related ranging from securing new flight routes and associated with the quality incidents, increased labor 80,000 80,000 incidents occurred at a certified facility of the Aircraft enhancing passenger cabin service to even entering and shipping costs associated with making up for 60,000 60,000 Interiors Business, the Company received a Business into LCC business. the delayed deliveries, and costs to transfer 40,000 40,554 40,000 28,202 28,003 29,553 30,715 30,045 20,000 Improvement Advisory from the Ministry of Land, Aircraft manufacturers are facing some concern production to other sites due to interruptions in 20,000

Infrastructure, Transport and Tourism (MLIT) on of an impact from the grounding of the Boeing 737 production operations. Profits will also be affected by 0 0 76th Term 77th Term 78th Term 79th Term 80th Term 76th Term 77th Term 78th Term 79th Term 80th Term August 20, and immediately formulated and Max aircraft. However, we anticipate an ongoing the losses incurred in the first half and an increased (FY 2015) (FY 2016) (FY 2017) (FY 2018) (FY 2019) (FY 2015) (FY 2016) (FY 2017) (FY 2018) (FY 2019) 1st Half 1st Half launched procedures to rectify the situation. On brisk market for aircraft in the medium and long provision for loss on construction contracts due to November 12, we submitted an action report to term supported by the high number of backorders higher costs for some programs. Based on these Operating income and Ordinary income (Millions of Yen) Equity ratio (%) MLIT including the findings of our investigation of at both Boeing and Airbus, plans to increase factors, the Company is lowering its forecast for Operating income Ordinary income 10,000 35 the causes and circumstances for the incidents along production of some models, and development of consolidated earnings for the full year. 8,793 8,245 30.4 8,000 29.7 29.4 29.3 with preventive measures. new models with greater fuel efficiency. The foreign exchange rate assumption for the 30 27.1 The JAMCO Group sincerely apologizes for any Under these conditions, the results in the first third quarter forward is ¥105 to the U.S. dollar. 6,000 2,900 (Full-year Forecast) inconvenience and concern caused to our half of fiscal year 2019 were consolidated net sales of As per the initial plan, the Company did not 4,466 4,321 25 4,000 3,504 2,200 3,290 (Full-year Forecast) stakeholders. ¥40,554 million (up ¥200 million from the same distribute interim dividends. While the year-end 2,132 20 2,000 Corporate Philosophy 1,285 784 We have implemented specific measures to period in the previous fiscal year), operating income dividend distribution is subject to the earnings 384 0 0 prevent recurrence of the quality issues that were of ¥784 million (down ¥1,368 million), ordinary results at the end of the fiscal year, the Company has 76th Term 77th Term 78th Term 79th Term 80th Term 76th Term 77th Term 78th Term 79th Term 80th Term The JAMCO Commitment (FY 2015) (FY 2016) (FY 2017) (FY 2018) (FY 2019) (FY 2015) (FY 2016) (FY 2017) (FY 2018) (FY 2019) the subject of the Group-wide investigation and income of ¥384 million (down ¥2,010 million) and temporarily adjusted the year-end dividend 1st Half 1st Half JAMCO, a Technology Oriented have also fortified measures to prevent improper net income attributable to shareholders of parent distribution from the initial ¥25 per share to ¥20 per activities in the future at all facilities, including company of ¥73 million (down ¥1,357 million). share in line with the downward revision to the Net income attributable to shareholders of (Millions of Yen) Dividend payment per share and Dividend payout ratio Company with Samurai Values parent company non-certified facilities and related companies. In consolidated results forecast. Dividend payment per share (¥) Dividend payout ratio (%) 6,000 41.3 Rising to the eternal challenge to realize 5,169 (Full-year Forecast) addition, we are radically revising our safety Future Outlook We appreciate the understanding of our 5,000 our aspirations. 31.9 management and business execution systems and The Company’s consolidated earnings forecast for shareholders. 4,000 28.1 Bringing joy and satisfaction to our customers 26.4 and employees. are implementing a companywide effort to rebuild the fiscal year ending March 31, 2020, includes the 3,000 20.8 1,910 our company culture fully dedicated to quality and decline in sales in the first half as shipments of some Harutoshi Okita 2,000 1,681 1,300 40 Striving for coexistence with nature, contributing (Full-year Forecast) 20 1,014 (Full-year Forecast) to a prosperous and progressive society. compliance. The Jamco Group is committed to products were delayed while management President & CEO 1,000 20 20 10 73 making every effort to regain stakeholder trust. responded to the quality incidents. Shipments of the 0 76th Term 77th Term 78th Term 79th Term 80th Term 76th Term 77th Term 78th Term 79th Term 80th Term (FY 2015) (FY 2016) (FY 2017) (FY 2018) (FY 2019) (FY 2015) (FY 2016) (FY 2017) (FY 2018) (FY 2019) 1st Half 1st Half

1 The 80th Term Interim Business Report The 80th Term Interim Business Report 2 Greeting

1 The 80th Term Interim Business Report The 80th Term Interim Business Report 2 Special Feature JAMCO Technology

Future outlook The Advanced Pultrusion Manufacturing Process Carbon fiber reinforced JAMCO is also focusing on carbon fiber reinforced structure materials using thermoplastic resin which structural materials offers different attributes than materials made with thermosetting resin. Thermoplasticity means the for safe and comfortable air travel plastic softens when heated and hardens when cooled. The ability to soften and reshape JAMCO Aeromanufacturing in the Aircraft Components Business produces Cutter differentiates it from thermosetting resin, which Mold Post-curing oven and supplies aircraft structural parts made of carbon fiber reinforced material (Air furnace) remains hard. Thermoplasticity thus has the Preformer Puller specifically engineered for aircraft. Dispensers Manufactured using JAMCO’s patented ADvanced Pultrusion (ADP) process, advantage of flexibility even after it has been (Prepreg supply devices) the carbon fiber reinforced structural materials are highly valued for use as Carbon fiber reinforced structural parts for Airbus aircraft molded, thereby overcoming the ADP process’s primary structural parts in aircraft. disadvantage of restricted application to the production of straight and uniform profiles. Machining Trimmer Thermoplastic resin also hardens faster than Ultrasonic flaw (Deburring) detector thermosetting resin, giving it the versatility to meet (Inspects internal integrity) continuous process that theoretically enables a upper deck floor beams of the double-decker Airbus customer orders that require quick production rates. Final product (Final inspection and marking) What is carbon fiber reinforced plastic? product of unlimited length. The process also A380 since 2003. We will continue making every effort to be the Carbon fiber reinforced plastic (CFRP) is a material features a shorter manufacturing time and lower For the state-of-the-art Airbus A350, the pioneer in establishing processes to produce with higher tensile strength than steel but just manufacturing costs than other conventional Company supplies cargo struts produced by the elongated thermoplastic carbon fiber reinforced one-fifth the weight and also offering superb design methods. CFRP parts also offer superior internal hand lay-up process. This molding process involves structural materials. Prepreg sheets are layered into rolls and set in dispensers. flexibility enabling it to be engineered for a wide integrity, stiffness and directional strength properties. placing prepregs by hand in a mold then into a Carbon fiber reinforced structural materials are Prepreg from multiple rolls are layered, and preformers form them into cross sections. range of applications. While offering the manufacturing convenience high-pressure heating device called an autoclave to also attracting attention for potential uses in other JAMCO uses CFRP to manufacture reinforced of being a continuous molded product, JAMCO’s form the parts. industries and we are advancing R&D to develop Profiles are cured by heat and pressure as they pass through the mold. structural parts with these attributes. CFRP profiles produced using the ADP process are applications and flexibly respond to needs in fields Passing the profiles through a post-curing oven completes the curing. highly evaluated for their practical application for beyond aviation. aircraft primary structures. Pullers incrementally pull the entire profile. The unique advanced pultrusion Cutters cut the profiles into specified lengths. manufacturing process A trimmer deburrs the profile edges. Advanced pultrusion (ADP) is JAMCO’s patented, JAMCO’s carbon fiber reinforced continuous molding process using thermoset structural parts An ultrasonic flaw detector inspects the internal integrity of the profiles. prepregs to manufacture CFRP profiles. Thermoset Carbon fiber reinforced structural parts produced by Profiles are machined to specified dimensions. prepregs are composite sheets of carbon fiber or the ADP manufacturing process are used as the (Molding and cutting profiles into H-shaped cross sections improves production efficiency.) other substances impregnated with resin that stringers and stiffeners in the primary structures of hardens when heated. the vertical tails in Airbus aircraft. JAMCO has also AdvancedADP Pultrusion A key feature is that it is a fully automated and been the sole supplier of structural parts for the An autoclave

3 The 80th Term Interim Business Report The 80th Term Interim Business Report 4 Special Feature JAMCO Technology

3 The 80th Term Interim Business Report The 80th Term Interim Business Report 4 Consolidated Financial Information Business Performance by Segment

Consolidated Statements of Income (Summary) (Millions of Yen) Aircraft Interiors Business Aircraft Seat Business Net sales Net sales Cost of sales 33,741 Key developments Key developments 40,354 40,554 Cost of sales 35,891 1st half results 1st half results

Selling, general and administrative expenses 4,459 Some product deliveries Increased ordinary loss due Net sales ¥27,066 million were temporarily delayed Net sales ¥ 7,238 million to production halt at Selling, general and administrative expenses 3,878 Non-operating income 578 while responding to the Miyazaki JAMCO Corporation Non-operating expenses 336 Ordinary income ¥ million improper quality inspection Ordinary loss ¥ ( million) owing to quality incidents, Non-operating income 156 955 incidents 728 associated additional costs Non-operating expenses 557 Extraordinary income — from transferring production Extraordinary loss 126 Trend of 1st half net sales and ordinary income (Millions of Yen) Foreign exchange loss and Trend of 1st half net sales and ordinary loss (Millions of Yen) Net sales Ordinary income Net sales Ordinary loss Income taxes 853 Extraordinary income — to other sites and foreign Gross 50,000 5,000 increases in labor and 8,000 8,000 Net loss attributable to Extraordinary loss 256 6,960 7,238 exchange loss pro t non-controlling shareholders (15) delivery costs to make up for 6,274 6,612 Income taxes 21 40,000 3,652 3,833 4,000 6,000 5,648 6,000 35,157 the delivery delays eroded Debut of Venture business Gross Net income attributable to 3,083 30,000 28,241 25,846 27,530 27,066 3,000 pro t non-controlling shareholders 33 ordinary income 4,000 4,000 class seats on KLM Royal Net income 4,663 Operating Ordinary Net income 20,000 2,000 2,000 2,000 Dutch Airlines’ Boeing 787 Operating Ordinary attributable to income income attributable to 955 10,000 1,000 income income shareholders of 784 384 shareholders of 461 0 0 aircraft 2,152 2,394 parent company parent company 0 0 (674) (728) 0 1,430 0 73 76th Term 77th Term 78th Term 79th Term 80th Term (2,000) (FY 2015) (FY 2016) (FY 2017) (FY 2018) (FY 2019) (2,099) (1,860) April 1, 2018 to September 30, 2018 April 1, 2019 to September 30, 2019 (4,000) *Current income for FY 2015 includes income from the Aircraft Seat Business. 77th Term 78th Term 79th Term 80th Term (FY 2016) (FY 2017) (FY 2018) (FY 2019)

Consolidated Balance Sheets (Summary) (Millions of Yen) Consolidated Statement of Cash Flows (Summary) April 1, 2019 to September 30, 2019 (Millions of Yen) Aircraft Components Business Aircraft Maintenance Business Assets Liabilities and Net Assets 4,046 (8,033) Key developments Key developments 108,797 108,797 1st half results 1st half results 102,980 102,980 Initiatives implemented to Continued efforts to ensure 7,507 (40) 2,252 Net sales ¥ 2,658 million improve productivity Net sales ¥3,590 million flight safety and quality improvement Internal manufacturing of Current Ordinary loss ¥ million Ordinary income ¥ million Current Current liabilities Liabilities (124 ) interior products and seat 283 Strong sales on solid aircraft Current Liabilities liabilities 65,956 assets assets 78,751 components advanced with maintenance needs from 86,469 72,265 59,556 80,602 Trend of 1st half net sales and ordinary income (Millions of Yen) the application of our metal Trend of 1st half net sales and ordinary income (Millions of Yen) airlines Net sales Ordinary income Net sales Ordinary income processing technology 3,989 Property, Property, 4,000 800 4,000 400 Expanded aircraft plant and plant and Non-current 3,408 3,590 Non-current 3,245 3,205 equipment equipment liabilities liabilities Ordinary loss grew due to 3,112 3,122 283 maintenance services for Non-current 13,988 13,928 Non-current 12,708 12,795 3,000 2,799 2,656 2,658 600 3,000 300 assets assets delayed shipments of some airlines as signified by the 22,378 22,328 Investments and Investments and (1,226) 2,000 400 2,000 200 other assets other assets Net assets Net assets highly profitable programs opening of the Itami Branch Intangible 6,640 6,589 Intangible 30,715 30,045 247 and foreign exchange loss assets assets 1,000 200 1,000 79 100 1,750 1,809 47 Cash and cash Cash flows Cash flows Cash flows Effect of Cash and cash As of As of As of As of 0 0 0 0 March 31, September 30, March 31, September 30, equivalents, from from from exchange rate equivalents, 2019 2019 2019 2019 beginning of operating investing financing changes on end of period (85) (70) (62) (35) (30) period activities activities activities cash and cash (124) (200) (100) equivalents 76th Term 77th Term 78th Term 79th Term 80th Term 76th Term 77th Term 78th Term 79th Term 80th Term (FY 2015) (FY 2016) (FY 2017) (FY 2018) (FY 2019) (FY 2015) (FY 2016) (FY 2017) (FY 2018) (FY 2019)

5 The 80th Term Interim Business Report The 80th Term Interim Business Report 6 Consolidated Financial Information Business Performance by Segment

Consolidated Balance Sheets (Summary) (Millions of Yen) Consolidated Statement of Cash Flows (Summary) April 1, 2019 to September 30, 2019 (Millions of Yen) Aircraft Components Business Aircraft Maintenance Business Assets Liabilities and Net Assets 4,046 (8,033) Key developments Key developments 108,797 108,797 1st half results 1st half results 102,980 102,980 Initiatives implemented to Continued efforts to ensure 7,507 (40) 2,252 Net sales ¥ 2,658 million improve productivity Net sales ¥3,590 million flight safety and quality improvement Internal manufacturing of Current Ordinary loss ¥ million Ordinary income ¥ million Current Current liabilities Liabilities (124 ) interior products and seat 283 Strong sales on solid aircraft Current Liabilities liabilities 65,956 assets assets 78,751 components advanced with maintenance needs from 86,469 72,265 59,556 80,602 Trend of 1st half net sales and ordinary income (Millions of Yen) the application of our metal Trend of 1st half net sales and ordinary income (Millions of Yen) airlines Net sales Ordinary income Net sales Ordinary income processing technology 3,989 Property, Property, 4,000 800 4,000 3,590 400 Expanded aircraft plant and plant and Non-current 3,408 Non-current 3,245 3,205 equipment equipment liabilities liabilities Ordinary loss grew due to 3,112 3,122 283 maintenance services for Non-current 13,988 13,928 Non-current 12,708 12,795 3,000 2,799 2,656 2,658 600 3,000 300 assets assets delayed shipments of some airlines as signified by the 22,378 22,328 Investments and Investments and (1,226) 2,000 400 2,000 200 other assets other assets Net assets Net assets highly profitable programs opening of the Itami Branch Intangible 6,640 6,589 Intangible 30,715 30,045 247 and foreign exchange loss assets assets 1,000 200 1,000 79 100 1,750 1,809 47 Cash and cash Cash flows Cash flows Cash flows Effect of Cash and cash As of As of As of As of 0 0 0 0 March 31, September 30, March 31, September 30, equivalents, from from from exchange rate equivalents, 2019 2019 2019 2019 beginning of operating investing financing changes on end of period (85) (70) (62) (35) (30) period activities activities activities cash and cash (124) (200) (100) equivalents 76th Term 77th Term 78th Term 79th Term 80th Term 76th Term 77th Term 78th Term 79th Term 80th Term (FY 2015) (FY 2016) (FY 2017) (FY 2018) (FY 2019) (FY 2015) (FY 2016) (FY 2017) (FY 2018) (FY 2019)

5 The 80th Term Interim Business Report The 80th Term Interim Business Report 6 JAMCO Group ESG Jamco Orange JAMCO Corporation JAMCO Group Employment Percentage of Orange JAMCO Corporation People with Disabilities Address 1-100 Takamatsu-cho, Tachikawa-shi, Tokyo News and detached engines. Elementary school students Exhibit at Aircraft Interiors New Itami Branch Starts celebrates 20 years 190-0011, Japan At Establishment 1.88% joined a special IBEX class about the aviation industry. (Legal employment percentage: 1.80%) EXPO 2019 Night Maintenance Services Established September 1999 The tour reminded us of the importance of aircraft promoting diversity in the work place March 2019 2.85% Business Line Logistics and facility maintenance services JAMCO presented an exhibit at the Aircraft Interiors JAMCO’s Itami Branch launched an operation at Osaka maintenance and our deep sense of responsibility to and providing opportunities for (Special subsidiary company for people with disabilities) (Legal employment percentage: 2.20%) EXPO 2019 in Hamburg, Germany from April 2-4, International Airport (Itami) on April 1, 2019, providing keep IBEX aircraft in continuous operation. people with disabilities Capital 10 million yen 2019. The exhibit included our Venture and Wing nighttime maintenance services for the Bombardier *Heavy maintenance is the aircraft maintenance that takes place when an aircraft logs 6,000 hours of flight. premium class seats along with our latest Quest DHC8-Q400 of ANA Wings Co., Ltd. concept seat model. JAMCO has been advancing a plan to accept a Orange JAMCO Corporation celebrated its 20th designed with a priority on supporting the safety *A special subsidiary company is a business entity established to Quest’s highlight feature is an electric tilt larger volume of airline company orders for aircraft provide and promote steady employment to people with disabilities. anniversary on September 1, 2019. needs and the individual mental and physical health mechanism for the video monitor enabling maintenance. As part of this plan, the Company Established in 1999 with the aim of providing of its employees. comfortable viewing even when the seat is extended launched an operation at the start of the fiscal year for fully flat. Tilting the screen also provides the benefit of contracted regular and irregular maintenance, such as people with disabilities opportunities to work and maximizing passenger legroom. defect repair, at the Osaka International Airport. The achieve self-sufficiency, Orange JAMCO is the third Employee Interview The exhibit attracted much attention from nighttime services are offered from 6:30 p.m. to 8:00 oldest special subsidiary company* in the Tama region airline representatives and aircraft manufacturers. a.m., 365 days a year. of Western Tokyo. The company has grown from its 11 What are your daily duties at the company? What are your aspirations? We received many valuable opinions and ideas JAMCO is expanding its operation at the Itami The observation tour at the Aircraft Maintenance Center original employees to 34 employees currently. My work covers a wide range of jobs including When I first joined the company, there were many during the EXPO which we plan to study for future Branch by offering a thorough menu of maintenance The company’s employees are primarily cleaning the floors, restocking supplies, delivering things that I didn’t understand. But the trainers product development. services while continuing to place top priority on Safety Award Received from the individuals with mental or intellectual disabilities internal company mail, and transporting galleys. and other employees helped me a lot. I want to be flight safety and quality services. Civil Aviation College and include some illustrious individuals. One Sometimes we use a heavy-duty cart for items able to do the same and support team members employee represents Japan in intellectual disability that can weigh as much as 200 kilograms. We who need assistance. JAMCO received a Safety Award from the Civil futsal and another is on the Tokyo intellectual need to be physically strong and work as a team. I’d like to contribute to the team by helping Aviation College, an independent administrative disability softball team. I’ve also recently taken on a new job doing coworkers not only with their work concerns but institution, on July 1, 2019. Every summer and autumn, the company hosts computer data entry. also with personal matters. The Civil Aviation College recognized JAMCO for interns from schools for special needs students in discovering a part failure that was not part of the the Tama area, many of whom go on to become A Bombardier DHC8-Q400 standard maintenance work the Company provides “What are the hardest and the most “ for the school’s training aircraft at its Sendai campus. regular employees. Once they become employees, enjoyable parts of your job? The Safety Award was presented to the Company for Orange JAMCO managers meet regularly with the It took quite a while to get used to the physical Aircraft Maintenance Center at Sendai the discovery of a malfunction which prevented a new employees, their guardians, and the person in Airport Hosts Heavy Maintenance Tour part of my daily work. The best part of the job is potentially serious accident. charge from the local job support centers to share the open atmosphere we have where everyone JAMCO and IBEX Airlines Co., Ltd., hosted the This was the first time in the roughly 60 years information. The discussions help the company teaches and helps each other. The company also companies’ first joint observation tour of the heavy since the Company began its aircraft maintenance understand the employees’ abilities and needs so puts together events like barbecues and chartered maintenance* operations at the Aircraft Maintenance operations in 1960 that it has received such their work assignments can be catered to their bus trips, and we enjoy spending time together Center at Sendai Airport on July 6, 2019. recognition of the quality of its services. This award will individual capabilities and potential. outside of the company as well. These activities Some 146 participants from among the be a source of pride as we continue earning the trust After two decades, Orange JAMCO continues have helped me understand how important it is to Company’s and IBEX’s employees, families, and local of our customers by maintaining the highest quality seeking to create comfortable work environments “maintain social connections with many people. Transporting a product at Orange JAMCO Corporation The new concept Quest seat residents got a first-hand look at disassembled aircraft and operating in full compliance with regulations. 7 The 80th Term Interim Business Report The 80th Term Interim Business Report 8 JAMCO Group ESG Jamco Orange JAMCO Corporation JAMCO Group Employment Percentage of Orange JAMCO Corporation People with Disabilities Address 1-100 Takamatsu-cho, Tachikawa-shi, Tokyo News and detached engines. Elementary school students Exhibit at Aircraft Interiors New Itami Branch Starts celebrates 20 years 190-0011, Japan At Establishment 1.88% joined a special IBEX class about the aviation industry. (Legal employment percentage: 1.80%) EXPO 2019 Night Maintenance Services Established September 1999 The tour reminded us of the importance of aircraft promoting diversity in the work place March 2019 2.85% Business Line Logistics and facility maintenance services JAMCO presented an exhibit at the Aircraft Interiors JAMCO’s Itami Branch launched an operation at Osaka maintenance and our deep sense of responsibility to and providing opportunities for (Special subsidiary company for people with disabilities) (Legal employment percentage: 2.20%) EXPO 2019 in Hamburg, Germany from April 2-4, International Airport (Itami) on April 1, 2019, providing keep IBEX aircraft in continuous operation. people with disabilities Capital 10 million yen 2019. The exhibit included our Venture and Wing nighttime maintenance services for the Bombardier *Heavy maintenance is the aircraft maintenance that takes place when an aircraft logs 6,000 hours of flight. premium class seats along with our latest Quest DHC8-Q400 of ANA Wings Co., Ltd. concept seat model. JAMCO has been advancing a plan to accept a Orange JAMCO Corporation celebrated its 20th designed with a priority on supporting the safety *A special subsidiary company is a business entity established to Quest’s highlight feature is an electric tilt larger volume of airline company orders for aircraft provide and promote steady employment to people with disabilities. anniversary on September 1, 2019. needs and the individual mental and physical health mechanism for the video monitor enabling maintenance. As part of this plan, the Company Established in 1999 with the aim of providing of its employees. comfortable viewing even when the seat is extended launched an operation at the start of the fiscal year for fully flat. Tilting the screen also provides the benefit of contracted regular and irregular maintenance, such as people with disabilities opportunities to work and maximizing passenger legroom. defect repair, at the Osaka International Airport. The achieve self-sufficiency, Orange JAMCO is the third Employee Interview The exhibit attracted much attention from nighttime services are offered from 6:30 p.m. to 8:00 oldest special subsidiary company* in the Tama region airline representatives and aircraft manufacturers. a.m., 365 days a year. of Western Tokyo. The company has grown from its 11 What are your daily duties at the company? What are your aspirations? We received many valuable opinions and ideas JAMCO is expanding its operation at the Itami The observation tour at the Aircraft Maintenance Center original employees to 34 employees currently. My work covers a wide range of jobs including When I first joined the company, there were many during the EXPO which we plan to study for future Branch by offering a thorough menu of maintenance The company’s employees are primarily cleaning the floors, restocking supplies, delivering things that I didn’t understand. But the trainers product development. services while continuing to place top priority on Safety Award Received from the individuals with mental or intellectual disabilities internal company mail, and transporting galleys. and other employees helped me a lot. I want to be flight safety and quality services. Civil Aviation College and include some illustrious individuals. One Sometimes we use a heavy-duty cart for items able to do the same and support team members employee represents Japan in intellectual disability that can weigh as much as 200 kilograms. We who need assistance. JAMCO received a Safety Award from the Civil futsal and another is on the Tokyo intellectual need to be physically strong and work as a team. I’d like to contribute to the team by helping Aviation College, an independent administrative disability softball team. I’ve also recently taken on a new job doing coworkers not only with their work concerns but institution, on July 1, 2019. Every summer and autumn, the company hosts computer data entry. also with personal matters. The Civil Aviation College recognized JAMCO for interns from schools for special needs students in discovering a part failure that was not part of the the Tama area, many of whom go on to become A Bombardier DHC8-Q400 standard maintenance work the Company provides “What are the hardest and the most “ for the school’s training aircraft at its Sendai campus. regular employees. Once they become employees, enjoyable parts of your job? The Safety Award was presented to the Company for Orange JAMCO managers meet regularly with the It took quite a while to get used to the physical Aircraft Maintenance Center at Sendai the discovery of a malfunction which prevented a new employees, their guardians, and the person in Airport Hosts Heavy Maintenance Tour part of my daily work. The best part of the job is potentially serious accident. charge from the local job support centers to share the open atmosphere we have where everyone JAMCO and IBEX Airlines Co., Ltd., hosted the This was the first time in the roughly 60 years information. The discussions help the company teaches and helps each other. The company also companies’ first joint observation tour of the heavy since the Company began its aircraft maintenance understand the employees’ abilities and needs so puts together events like barbecues and chartered maintenance* operations at the Aircraft Maintenance operations in 1960 that it has received such their work assignments can be catered to their bus trips, and we enjoy spending time together Center at Sendai Airport on July 6, 2019. recognition of the quality of its services. This award will individual capabilities and potential. outside of the company as well. These activities Some 146 participants from among the be a source of pride as we continue earning the trust After two decades, Orange JAMCO continues have helped me understand how important it is to Company’s and IBEX’s employees, families, and local of our customers by maintaining the highest quality seeking to create comfortable work environments “maintain social connections with many people. Transporting a product at Orange JAMCO Corporation The new concept Quest seat residents got a first-hand look at disassembled aircraft and operating in full compliance with regulations. 7 The 80th Term Interim Business Report The 80th Term Interim Business Report 8 Corporate Profile and Business Locations Share Data and Shareholder Memo

Corporate Profile Share Data (As of September 30, 2019) Corporate Data (As of September 30, 2019) Directors and Executive Officers (As of September 30, 2019) Number of Shares, Number of Shareholders and Listed Stock Exchange List of Major Shareholders (Top 10)

Corporate Name JAMCO Corporation Representative Director, Managing Executive Officer Yasushige Aoki Authorized 80,000,000 shares Shares Held Ratio of Shareholding President & CEO Harutoshi Okita Name of Shareholder (Thousands) (%) Registered Office 6-11-25 Osawa, Mitaka-shi, Tokyo, Japan Managing Executive Officer Toshihisa Kasuya Representative Director & EVP Katsuhiro Ogami Issued 26,863,974 shares ITOCHU Corporation 8,956 33.38 Head Office 1-100 Takamatsu-cho, Tachikawa-shi, Tokyo, Japan Managing Executive Officer Kazuyoshi Ichihara Director & Senior Managing Toshikazu Kimura Shareholders 4,726 Executive Officer Managing Executive Officer Date Established March 15, 1949 Kazuo Nishimiya ANA HOLDINGS INC. 5,373 20.03 Director & Senior Managing Listed Stock Exchange Tokyo Stock Exchange, First Section (Code: 7408) Executive Officer Masamichi Kato Executive Officer Yukio Ida Date Founded September 1, 1955 Showa Aircraft Industry Co., Ltd. 2,003 7.46 Director & Managing Executive Officer Kentaro Goto Executive Officer Hiroshi Uchijo Aircraft Interiors Business Director & Managing Executive Officer Tsutomu Tadokoro Executive Officer Yukio Abe GOLDMAN, SACHS & CO. REG 960 3.57 Manufacturing galleys, lavatories and various galley insert products Outside Director Hiroshi Fujikawa Distribution of Shareholders Executive Officer Akihiro Waki JAMCO Employees’ Stock Holding Association 382 1.42 Aircraft Seat Business Outside Director Toshihiko Noguchi Manufacturing aircraft seats and seat consoles Executive Officer Yukio Kamiyama Other corporations: 16,803,500 shares 62.55% Outside Director* Shinichi Suzuki The Master Trust Bank of Japan, Ltd. (Trust Account) 347 1.29 Principal Business Executive Officer Naoya Osaki Activities Aircraft Components Business Outside Director* Juichi Watanabe Individuals and others: 3,958,326 shares 14.73% Manufacturing heat exchangers, CFRP aircraft structure parts and commercial JP MORGAN CHASE BANK 385166 315 1.17 Audit & Supervisory Board Member Noriyoshi Isogami aircraft engine parts Foreign corporations: 3,280,028 shares 12.21% Audit & Supervisory Board Member Noboru Kaburaki By ownership BNYMSANV RE BNYMIL RE LF RUFFER PACIFIC FUND 300 1.11 Aircraft Maintenance Business Banks and insurance companies: 2,389,800 shares 8.90% Outside Audit & Supervisory Board Maintenance and alteration of aircraft, cabins and onboard accessories Hitoshi Takahashi Japan Trustee Services Bank, Ltd. (Trust Account) 291 1.08 Member* Financial instruments business operators: 393,388 shares 1.46% Capital ¥5,359,893,000 Outside Audit & Supervisory Board Koichiro Watanabe Member* Treasury stock: 38,932 shares 0.14% Mitsubishi Corporation 221 0.82 Number of Employees Consolidated: 3,427 Non-consolidated: 1,231 Asterisk (*) indicates independent officers stipulated by the Tokyo Stock Exchange. Note: The percentage of shares is calculated after deducting treasury stock (38,932 shares).

Business Locations List of Offices, Facilities, Subsidiaries and Affiliates (As of September 30, 2019) Shareholder Memo

Fiscal year April 1 through March 31 of the following year Head Office Tachikawa-shi, Tokyo, Japan JAMCO offices, factories, and branches Aircraft Interiors and Components Group JAMCO subsidiaries and affiliates Record date for year-end dividends March 31 Aircraft Interiors Tachikawa-shi, Tokyo, Japan Manufacturing Division Niigata Branch Record date for interim dividends September 30 Aircraft Seat Tachikawa-shi, Tokyo, Japan Material Distribution Center Manufacturing Division Niigata JAMCO Corporation Annual general meeting of shareholders Every June Aircraft Components Nakajo JAMCO Corporation Chofu-shi, Tokyo, Japan Aircraft Maintenance Group Administrator of shareholder registry Manufacturing Division Head Office Aircraft Maintenance Center Mitsubishi UFJ Trust and Banking Corporation Account management institution of the special account Aircraft Maintenance Group Aircraft Interiors JAMCO AEROMANUFACTURING CO., LTD. Manufacturing Division Aircraft Maintenance Center Iwanuma-shi, Miyagi, Japan Aircraft Seat Germany United States Stock Transfer Agency Division, Mitsubishi UFJ Trust and Banking Corporation, 1-1 Nikko-cho, Fuchu-shi, Tokyo, Japan Tel. 0120-232-711 (toll-free in Japan) Itami Branch: Toyonaka-shi, Osaka, Japan Manufacturing Division JAMCO Corporation JAMCO AMERICA, INC. Contact of the above institution Aircraft Components Mailing address: Stock Transfer Agency Division, Mitsubishi UFJ Trust and Banking Corporation, P.O. Box 29, Shin-Tokyo Post Office, 137-8081 Japan Miyazaki Branch: Miyazaki-shi, Miyazaki, Japan Orange JAMCO Corporation HAMBURG BRANCH Japan Manufacturing Division Accessories Maintenance Center Narita-shi, Chiba, Japan Aircraft Maintenance Group France JAMCO Corporation The public notices of the Company shall be published via electronic media. URL for public notices: https://www.pronexus.co.jp/koukoku/7408/7408.html Ota-ku, Tokyo, Japan Accessories Maintenance Center Itami Branch JAMCO Corporation Philippines (However, where publication via electronic media is impossible due to an accident or other unavoidable circumstances, the Company’s public notices Chofu-shi, Tokyo, Japan (Chofu) TOULOUSE BRANCH JAMCO PHILIPPINES, INC. Method of public notices shall be published in the Nikkei.) Aircraft Maintenance Group Information on the Non-consolidated and Consolidated Financial Statements is available on the Company’s corporate site (https://www.jamco.co.jp/). Accessories Maintenance Center (Narita) Singapore JAMCO AEROTECH CO., LTD. JAMCO SINGAPORE PTE LTD. Miyazaki Branch 1. With the introduction of electronic share certificates, various procedures, including changes in addresses of shareholders and purchase request, are in principle performed by account management institutions (securities companies, etc.) where JAMCO AERO DESIGN & ENGINEERING PTE LTD. Precautions shareholders have established accounts. Please contact the securities companies, etc. where you have accounts. Such procedures may not be handled by the administrator of the share registry (Mitsubishi UFJ Trust and Banking Corporation). Miyazaki JAMCO Corporation Tokushima JAMCO Corporation Aircraft Maintenance Group 2. With regard to various procedures concerning shares recorded in the special account, please contact Mitsubishi UFJ Trust and Banking Corporation, the account management institution. Such procedures are also handled at each branch office of MRO Japan Co., Ltd. Accessories Maintenance Center (Haneda) Mitsubishi UFJ Trust and Banking Corporation in Japan. 3. As for dividends receivable, please contact the main and branch offices of Mitsubishi UFJ Trust and Banking Corporation.

9 The 80th Term Interim Business Report The 80th Term Interim Business Report 10 Corporate Profile and Business Locations Share Data and Shareholder Memo

Business Locations List of Offices, Facilities, Subsidiaries and Affiliates (As of September 30, 2019) Shareholder Memo

9 The 80th Term Interim Business Report The 80th Term Interim Business Report 10 JAMCO Operations in Japan JAMCO on the Ground and in the Air

Accessories Maintenance Center (Narita) of Aircraft Maintenance Group

We do two types of maintenance—light Accessories Maintenance Center (Narita) maintenance, like visual inspections and replacing Address: 26 Shin-izumi, Narita-shi, Chiba Prefecture, Japan faulty parts, and heavy maintenance, entailing peeling (In Nogedaira Kogyo Danchi) off the paint for detailed inspections and then Establishment of the Nogedaira Factory: July 1982 repainting. Both types of maintenance are mandatory, Lot size: non-destructive inspections* and must be performed 8,358.60 square meters to the specific, technical standards set by the wheel Factory floor area: 8,867.3 square meters makers and domestic airlines depending on the Main operations: number of takeoffs and landings of the aircraft. Aircraft equipment repair and renovation *Non-destructive inspections apply electric current, ultrasound or Main equipment: Four maintenance buildings, building with a other techniques to measure defects and corrosion without machine room, nitrogen generator damaging the objects.

What kind of work is conducted at the for its state-of-the-art equipment and the world’s Q Accessories Maintenance Center in Narita? largest capacity with the ability to service over We primarily do maintenance and repair work, 18,000 wheels and 2,000 brake systems a year. As A overhaul aircraft wheel and braking systems, one of Japan’s top dedicated aircraft maintenance, and provide after-sales services, such as for JAMCO repair & overhaul (MRO) facilities, we will continue galley inserts. We also provide maintenance services providing services to domestic airlines to help for a wide range of equipment including rescue ensure flight safety. hoists, auxiliary systems, and emergency evacuation slides for domestic airlines. How are aircraft The Accessories Maintenance Center’s Wheel Q wheels overhauled? and Brake Overhaul Center provides commissioned The main purpose of the overhaul is to services for major domestic airlines and government A replace worn tires, but we also inspect for agencies. Our highly specialized factory is unrivaled cracks in the aluminum alloy wheels.

1-100 Takamatsu-cho, Tachikawa, Tokyo 190-0011 The forward-looking statements presented in these materials are subject to certain Phone: Administration Section +81-42-503-9900 risks and uncertainties and were formed based on information available at the time IR Finance & Accounting Department +81-42-503-9145 the materials were produced; actual results may differ materially. The Company does Corporate Planning Department +81-42-503-9146 not warrant or guarantee the accuracy of forecasts or future events presented herein.