REVER HOLDINGS CORPORATION (E35543) Stock Price

River Holdings is a holding company that operates primarily in the resource recycling business. The company's group conducts operations across five segments: metal recycling, automotive recycling, industrial waste management, home appliance recycling, and other businesses.

In the metal recycling segment, the company reprocesses iron scrap and non-ferrous metal scrap, supplying them as steelmaking raw materials domestically and internationally. This segment is the group's core business, with processing and sales operations centered in the Kanto region.

The automotive recycling segment provides one-stop services from collection of end-of-life vehicles through parts sales to shredding. This business conducts vehicle reprocessing in compliance with the Automobile Recycling Law.

The industrial waste management segment handles collection, transportation, and intermediate treatment of industrial waste, operating facilities primarily in the Greater Tokyo area. This business aims for proper waste disposal.

The home appliance recycling segment conducts recycling of air conditioners, televisions, and other appliances in accordance with the Home Appliance Recycling Law. The segment enhances recycling technology through joint research with major home appliance manufacturers.

Under other businesses, the company operates small appliance recycling and eco-solution services, providing reprocessing of small appliances and brokerage services for proper industrial waste recycling. Through these operations, River Holdings contributes to the realization of a resource-circular society.

River Holdings' management policy is to contribute to the realization of an advanced circular economy society by building a resilient management foundation capable of withstanding environmental changes and promoting wide-area resource recovery from diverse waste streams. Leveraging expertise developed over many years, the company aims to expand its business domains while fulfilling its corporate social responsibility.

Regarding the economic environment, despite the impact of COVID-19, the domestic economy has shown signs of recovery, with large enterprises and manufacturing sectors demonstrating steady improvement in business conditions indices. However, consumer-related sectors have experienced significant declines, indicating a widening economic divide.

In terms of industry conditions, domestic and international steel markets are gradually improving, with crude steel production and scrap iron prices showing recovery trends. However, economic uncertainty stemming from COVID-19 impacts is increasing. Under these circumstances, River Holdings has identified the following as priority business and financial challenges: advancement of recycling technology, reorganization of group structure, and strengthened collaboration with the recycling industry, primary industries, and local governments.

Furthermore, the company has proceeded with management integration with Takeei Co., Ltd., establishing the joint holding company "TRE Holdings Co., Ltd." on October 1, 2021. Through this management integration, the company aims to provide comprehensive, safe, and reliable waste management services to society, government, and customers, while contributing to an advanced circular economy and decarbonized society in response to the goal of net-zero greenhouse gas emissions by 2050.