Annual Report 2019
DOWA HOLDINGS CO., LTD. LTD. HOLDINGS CO., DOWA 14-1, Sotokanda 4-chome, Chiyoda-ku, Tokyo 101-0021, Japan URL: http://www.dowa.co.jp/index_e.html Annual Report 2019 Annual Report DOWA HOLDINGS CO., LTD. Cover Photo: Annual Report 2019 Employee of DOWA THERMOENGINEERING CO., LTD. Printed in Japan For the year ended March 31, 2019 Corporate Philosophy CONTENTS 2 Introduction 2 Business Model 4 Corporate History 6 Our Five Core Business DOWA Helps Create Segments 8 Message from Management an Affluent, Recycling-Oriented 8 President’s Message 14 Business Review Society through its Business 14 Consolidated Financial Highlights Activities Worldwide. 16 Business Review 26 Management Foundation 26 ESG Initiatives Based on technologies and experience accumulated through the mining and 28 Corporate Governance smelting business, the DOWA Group operates unique, recycling-oriented 32 Board of Directors and Officers businesses ranging from the production of metals and the manufacturing of high-value-added materials to the recycling of waste. 34 Financial / Corporate Information 34 Global Network 36 Subsidiaries and Affiliates 38 Financial Review 42 Consolidated Performance Trends 44 Consolidated Balance Sheet 46 Consolidated Statement of Income 47 Consolidated Statement of Comprehensive Income 48 Consolidated Statement of Changes in Equity 50 Consolidated Statement of Cash Flows 51 Report of Independent Auditors 52 Corporate Data 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. These forward-looking statements are based on assessments by the Company’s management using information available at the time of writing, and many assumptions and opinions that form the basis for these statements derive from information that carries significant risk and uncertainty.
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