Investors Library

Integrated Report

We began publishing the integrated report since 2016 so that all of our stakeholders, including customers, shareholders and investors, and local communities, can gain an even better understanding of our initiatives aimed at sustainable growth and maximization of corporate value, which is the goal of the SMM Group.

Integrated Report 2025

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鈥淪hin鈥 3-business Collaboration Business Model

Our 鈥淪hin鈥 3-business collaboration business model, with the Smelting & Refining Business at its core: whereby we build a sustainable supply chain via collaboration among these businesses and contribute to the circular economy and carbon-neutral society.

Material Flows

Our business model integrates the three businesses of 鈥淢ineral Resources,鈥 鈥淪melting & Refining,鈥 and 鈥淢aterials,鈥 to handle everything from securing ore through to manufacturing products that contribute to a low carbon society and recycling. This diagram illustrates the flow of materials within our business model.

Technological Lineage of 快猫视频

The SMM Group started with refining technology known as 鈥淣anban buki,鈥 the first of its kind in Japan, developed by Soga Riemon around 1600. The technical capabilities that have been enhanced throughout the Group鈥檚 history are now organically linked in our three businesses of Mineral Resources, Smelting & Refining, and Materials.

Section Index

Materials from 2015 and earlier are available from the page below.