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No.197 2018.5 ANEST IWATA USA, Inc. ANEST IWATA - MEDEA, Inc. ANEST IWATA MEXICO,S. DE R.L. DE C.V. Mount St. Helens (U.S.A.) Photos taken by: Mr. Gary Glass

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Workshop on cake decoration using food-related liquid spray guns

Intranet for the Blue Project

Ms. Nishimura opened a cake shop specializing in custom-made cakes, Magic Cake Deco., in Shinjuku, Tokyo, in 2008, introducing authentic American cake decorations for the �rst time in Japan. She works as the main cake designer for the shop. She founded the Japan Cake Decoration Association in July 2013 to increase the recognition of cake decorations both at home and abroad, including promoting cake decorations and improving decoration techniques and knowledge.

Ms. Midori Nishimura (president of the Japan Cake Decoration Association)

●Ms. Ikuko Hirai, Liquid Application Equipment Team

We are working with Ms. Nishimura for demonstrations at trade shows, workshops and other events in order to promote food-re-lated liquid spray guns in the market as equip-ment for gorgeous-looking cakes and sweets.

An intranet for the Blue Project is now available. It offers a wide variety of contents created to share information about various people's jobs and ideas across organizational and geographical boundaries, such as a blog to let you know about the project members (updated once a week) and a talk show featuring ANEST IWATA employees. Anyone is welcome to access the intranet!

The purpose of the project is to make ANEST IWATA's corporate philosophy better known to its employees.

About the Blue Project

To access the intranet, click the link on the left side of the Google Apps portal page.

●Members: Matsumoto and Obara (business planning) and Ueda (IR Public Relations Of�ce)

Bulletin Board on Employees' ActivitiesBulletin Board on Employees' Activities

Publisher:ANEST IWATA Corporation  Published by:Kouichi Takano, Corporate Planning Department  Editor:Toru Watanabe, Investor & Public Relations Office  Printed by:Noge Printing Corporation

Company Newsletter No.197 Issued May 2018

The website of ANEST IWATA Compressor

Corporation is now available.

Go and visit the website!anest-iwata-compressor.com

No.1972018.5

ANEST IWATA USA, Inc.ANEST IWATA - MEDEA, Inc.ANEST IWATA MEXICO,S. DE R.L. DE C.V.

Mount St. Helens (U.S.A.)Photos taken by:Mr. Gary Glass

 No.197 2018.5

Mr. Gary GlassANEST IWATA USA, Inc. / PresidentANEST IWATA - MEDEA, Inc. / PresidentANEST IWATA MEXICO,S. DE R.L. DE C.V. / President

No.197

Contents

Photo on the cover: Mount St. Helens (U.S.A.)Mount St. Helens is a widely known as a large active volcano in the state of Washington of the U.S.A. A part of the Cascade mountain range about 85 km northeast of Portland, Oregon, this volcanic peak used to be called "Louwala-Clough" or "the Smoking Mountain" by the indigenous people of Klickitat.�e present name, Mount St. Helens, was given by Captain George Vancouver of the British Royal Navy, who explored the Cascade mountain range in the late 18th century. He named the mountain after Alleyne Fitzherbert, his friend and a diplomat, who was the �rst Baron St. Helens.

Casual Ramblings No. 164 (Mr. Gary Glass) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・1~2ANEST IWATA Turnpike Hakone ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・3~4New Faces ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・5~15Introduction to Group Companies ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・16Factory Report (Fukushima Factory) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・17Factory Report (Akita Factory) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・18kiritori (Clipping) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・19~20Tips on Health ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・21Editors' Comments ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・22Bulletin Board on Employees' Activities ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・23

I. From Chicago to PortlandFor the better part of 24 years I have worked with ANEST IWATA. I’ve also come to know many people around the world in those years, many of whom I call friends. Of course, most of the people that know me remember at least two distinct facts: I’m originally from Chicago and I love to play ice hockey. In 1999 I left behind a congested and fast-paced Chicagoland metropolis and moved to Portland, Oregon to take a full-time position with AI-MD. Portland is a small city nestled in one of the most beautiful valley’s in America, the Willamette River Valley. Truly a natural oasis with bounties of rivers, forests, mountains and an all-around abundance of natural beauty and is about 70 miles (113 km) from the Pacific Ocean to the west, and another 70 miles (113 km) from the Cascades mountain range to the east. In Chicago man-made concrete and steel mountains ( i ts’ skyscrapers) create the famous Chicago Skyline. In Portland, a natural mountain, Mt. Hood sets the backdrop to our beautiful city. Mt. Hood’s elevation is 11,249 ft. (3,249m) and on a clear day is visible from nearly every part of Portland! As part of the Pacific Ring of Fire, the Cascades are the home of some of the most famous mountain peaks in the USA which included along with Mt. Hood are: Mt. Jefferson, Mt. Rainer, Mt. Adams, the famous active volcano Mt. St. Helens (which last erupted May 18, 1980). A few years ago, I took an interest in hiking to explore natural beauty of the Pacific Northwest. There is an abundance of hiking trails in the greater Pacific Northwest including some lesser known mountains to the west called the Coastal Range and the famous Columbia River Gorge. For me, however, the real attraction is hiking around the Cascade mountains, specifically the volcano Mt. St. Helens!

II. Hiking – something new Ice hockey is a tough sport; fast paced skating, short and quick stopping and starting, intense bursts of speed and occasional collisions. It takes a lot of agility, stamina, strength and of course, hockey skills to play well. It’s a physically exhausting sport and yet very rewarding for maintaining good fitness. Being in good shape myself, hiking on trails didn’t sound like it would be too difficult to me. I would soon learn that hiking up, down and across varied terrain, wearing heavy hiking boots and hiking in both pleasant and at times bad weather, was physically more difficult than I expected. The one thing I was not expecting was the mental and, at times, emotional strain it would have on me and the lessons I learned in those moments.

III. Mt. St. Helens – pressing through limitsIn 2016, a group of friends and I decided we were going to hike to the summit of Mt. St. Helens in Washington State, 8,363 ft., (2,549m). It is about a 10-mile (16km) round-trip hike in total and with an elevation

gain of about 5000 ft., (1,524 m) One thing that most people do not know about me is that I’m afraid of heights, especially out in open air. Hiking up the face of a mountain sounded like a great idea until I realized that I’d have to turn around and look down at some point. I carried on and decided to face my fears head on. The climb started easy enough in the beginning with the first 2 miles meandering through a forest on gentle up-hill grade. When we exited out of the forest and onto the mountain itself, our path ahead was surrounded by densely thick fog. For most of us it was our first time on St. Helens and we didn’t know any alternative routes up the mountain, so we chose to follow the timber guide posts that are embedded in the spine of the mountain side. These would act as our way points to let us know we were on the right path which would help us avoid falling off unseen cliffs or into dangerous icy crevasses. But it also limited our path to hiking up the mountain spine which is made of piles of volcanic boulders.As we made our way up the spine I remember the difficulty we faced as we were no longer hiking, but rather rock climbing and bouldering with bare hands and knees (luckily, I had climbing gloves). This is when I first noticed the stress of the endeavor and how every movement upward had to be focused and calculated. I occasionally glanced over to make sure I could see the guide posts for reassurance to know that I was moving in the right direction. One of my friends who is an experienced climber would randomly yell directions like, “move to the left”, or “use your poles here”, and “be careful this rock is slippery”. We regularly made changes in direction and adapted to the conditions directly in front of us. Working together we shouted out words of encouragement to each other to keep our motivation high. We moved at a carefully slow pace on the mountain’s spine for roughly 2 ½ miles (4 km). I remember telling myself along the way that I wasn’t prepared for this and even thought at one point that perhaps I should turn back!Eventually the fog cleared and made way for bright sunshine. We could now see spectacular surroundings and discovered that there were indeed easier paths for us to take; unfortunately, those were now well behind us. When we finally crested the top of the spine we stopped for lunch. We could see from our perch that we were very close to our goal to reach the summit. I remember reflecting that for me personally, getting to this point was very difficult. The final push would be the hardest - as we would have to make a very steep climb to the summit through a scree field. Scree is basically volcanic dirt, or dust and is similar in properties to sand. For every two steps forward, expect to slide one step back. I focused on the final push of 200 yds (183 m); “pole, step, pole, step – slide”, repeat… again and again. With my friends cheering me on, I finally reached the summit. I remember a range of mixed emotions from exhaustion, joy and a taste of victory. Then as I looked out at the magnificent vistas all around me my fear of heights kicked in and I got vertigo and needed to sit down. As I rested I could see the lava dome in the crater of Mt. St. Helens which continues to grow up to 6.5 cubic feet (0.18 cu. m) every day. The reminder that this is an active volcano and that it will eventually

erupt again. My friends remarked at how fast and purposefully I had made it up the scree field. I thanked them as they were the ones who kept me going!It had taken us 7 grueling hours to achieve our mission. It wasn’t until later that I realized the mission didn’t really end when we reached the summit, because we still had a long and difficult trek to get down the mountain from here. IV. Missions are mountains Today, we live and work in a world where markets are evolving at an ever-accelerating pace. This is putting a great deal of pressure on companies and us, its’ people, who are forced to adapt to conditions that are now changing on a moment-by-moment basis. Much like the fog on the mountain, all the fog and noise created by 24hr news, social networks and invasive personal technology can make it difficult to find good stable footing and see clearly up the trail ahead.I’m in a unique position; as a leader of three ANEST IWATA group companies I participate in several distinct markets: consumer, commercial, and industrial. I’m watching traditional segmented boundary lines beginning to blur. Traditional marketing & sales mindset of business-to-consumer (B2C) like at AI-MD, and business-to-business (B2B) as at AI-US and AI-MX, are becoming co-mingled and a new paradigm is emerging; person-to-person (P2P). I have a front-row seat with ANEST IWATA Corporate leadership as we purposefully set out to becoming a truly global company in a hyper-fast and rapidly changing interconnected global economy.Even if today we could “check all the boxes” on our list that define us as being a truly global company, later this evening we’d have to erase and rewrite items on this list as major changes in our world continue to transform our customers’ needs. And we’re often reminded how the news of change traveled instantaneously. This is an uncomfortable place to be, knowing that we can never arrive or settle, nor completely achieve the final goal.In this era ultimately, we may never reach the “final” destination of becoming a truly global company as the nature of our markets are constantly changing. I envision this goal to be just one mountain

View of the mountaintop

No.164

Lessons of Courage, Cooperation & Commitment Climbing Mountains

summit, in a series of mountains on a never-ending journey. It is no-longer just about the outcome since each outcome is only a temporary state and the next summit awaits. Instead it’s about enjoying this journey and making the most of our opportunities along the way, taking pride in our accomplishments and facing our challenges. Steadfast leadership through our mission, purpose and core values act as our guiding beacon on mountain summits. Our strategies, personal goals, budgets, earnings reports, and new products; these are all guide posts – achievements helping us to continue forward and constantly reminding us of the path we are on. Along our journey, we should be courageous in taking difficult paths until we can find easier ones. Most importantly it’s about us, the people and the keepers of the company; our cooperation and collaboration are the essence of our teams: working together, coaching each other and holding ourselves accountable, picking each other up when we want to quit, and finding strength in our purpose. Determination and belief in one another is what will carry us up and down our mountains. Enjoy the climb!

21

Use this road when you go to Hakone. You are sure to love the marvelous scenery you will see!

ROAD MAP

ANEST IWATA Turnpike Hakone has a difference of elevation of about 1,000 meters between Odawara Tollgate and Hakone Taikanzan, which makes it an attractive sightseeing route where you can enjoy the changes of the seasons while you drive. Built alongside the "Kanpakudo," which is said to be the road that Hideyoshi Toyotomi walked as he led his army to attack Odawara, the turnpike has historic spots scattered along and around it.

We have gained the naming right to a toll highway in Hakone, Kanagawa Pre-fecture, which has been called by the new name of ANEST IWATA Turnpike Hakone since March 1, 2018.The turnpike, famous for its frequent use for test rides of new cars and other events, is a 15.782-kilometer sightseeing toll road that runs from Odawara City of Kanagawa Prefecture through Hakone Town of Ashigarashimo-gun County to Yugawara Town in the same county. One of its features is that the road offers sweeping views of forests and mountains stretching over long distances as it runs along the ridge instead of in a valley between mountains. The turn-pike boasts an amazing landscape that changes from season to season. We strongly suggest you use this road when you go to Hakone. You are sure to love the marvelous scenery you will see!We are planning to hold events on a regular basis throughout the year. We may ask you to help us with these events and would appreciate your cooperation.

The lounge is located at an altitude of 1,011 meters in one of the most beautiful spots in Hakone, which offers a panoramic view of Mt. Fuji and Lake Ashinoko and is among Japan's 100 selected places of scenic beauty. This place is also famous as a spot where you can see a beautiful sunrise over Sagami Bay on New Year's Day.

Recommended for relaxation

Food court Dog-friendly cafe

A variety of drinks, such as coffee brewed with natural water, are served. On a sunny day, you can take a leisurely rest while enjoying a full view of Lake Ashinoko and Mt. Fuj i . Amenit ies useful for tourists are also available, including a special restroom with a view of Mt. Fuji and a free Wi-Fi service.

To Ashinoko Skyline, Numazu

and Mishima

To Lake Ashinoko and Moto-Hakone

Taikanzan parking lot

Viewing spot for Mt. Fuji

Viewing spot for Mt. Fuji

To Yugawara

To Izu SkylineYugawara Parkway

Yugawara-toge Tollgate

Hakone Ashinoko Exit

Odawara Tollgate

Hakone Taikanzan Exit

Nabewari parking lotThe name of the p lace "Nabewari" comes from the legend that Hideyoshi Toyotomi vowed victory by breaking a pot that he had carried with him the day before attacking Odawara.

Fuji Hakone Izu National Park

Mt. Fuji viewed from the Taikanzan parking lot

Ajisai Rainbow RoadAbout 5,000 hydrangeas planted along the road come into bloom in early summer.

Tunnel of cherry blossoms

Shirogane viewing parking lot

This parking lot commands a magnif-icent view of Hatsushima Island, Oshima Island, Miura Peninsula and even Boso Peninsula. In the fall, you can see a field of Japanese pampas grass marking a sharp contrast with the blue skies and sea.

Taiko Ikoi-no-izumi spring

It is said that, when Hideyoshi Toyotomi stopped by here en route to suppressing Odawara, he enjoyed a tea ceremony using the water from this spring.

Shonan viewing platform

The parking lot, built in 2011, serves as a viewing platform. If weather permits, i t offers a sweeping view of the Yokohama Landmark Tower and the Tokyo Sky Tree in the distance, as well as a full view of Sagami Bay spreading below.

To Odawara and ManazuruTo Hakone

Odawara-Atsugi Road

13km

12km 11km10km

9km

8km

7km6km 5km

4km

3km

2km

1km

11.4 km from the tollgate

955 meters above sea level

Night view

5.5 km from the tollgate

530 meters above sea level

Goshonoiri parking lotEnshrined in the parking lot is a stone called "Negai-ishi," which is believed to receive misfortunes on your behalf when you rub it with your hand. This custom derives from an old story of a man named Yoichi Sanada, who died a heroic death sacrificing himself for Yoritomo Minamoto.

4.4 km from the tollgate

415 meters above sea level

5.8km 地点

5.8 km from the tollgate

Noteonuse

The turnpike is available for free to the current and former employees of the company. Also, in the ANEST IWATA Sky Lounge built to provide viewing and resting areas, drinks are served free of charge. More information about the use by former employees will be provided later. (These free services are limited to employees working in Japan.)

We took part in the Cherry Blossom Tunnel Festival held on Sunday, April 8. At the festival, we gave away novelty goods and invited visitors to experience airbrush body art painting. Thanks to the fine weather and the many local mascots that gathered for the occasion, the festival attracted a lot of tourists.

Cherry Blossom Tunnel Festival

D18a

Lake Yamanaka

Lake Tanzawa

Sengokuhara

OwakudaniGora

Hakone Yumoto

Sagami Bay

Tomei Expressway

Yugawara Parkway

Izu ChuoExpressway

ShuzenjiRoad

Izu Skyline

Manazuru Road

Atami Beach Line

Odawara-Atsugi Road

Saisho Bypass

Shin-Shonan Bypass

Atsugi City

Gotemba City

Hiratsuka City

Odawara City

Mishima City

Numazu City Izunokuni City

Ito City

Higashi-Izu Town

Hakone

Ebina CityAtsugi

Ebina

Hadano-Nakai

Kozu

HayakawaguchiOdawara Tollgate

Oi-Matsuda

Numazu

Nagaizumi Numazu

Odawara-Nishi

Atami-toge

Kurotake

Nirayama-toge

Yamabushi-toge

Kameishi-toge Entrance(former Skyline Entrance)

Granpal Entrance

Nakaomiguchi

Kameishi-toge

Hiekawa

Amagi-kogen

Hatsushima Island

Hakone Ashinoko ExitHakone Taikanzan Exit

Yugawara-toge Tollgate

Gotemba

Hiratsuka

Chigasaki Railway Station

Odawara Railway Station

Mishima Railway Station

Atami Railway Station

ItoRailway Station

Izu Express Railway

Izu-Nagaoka Railway Station

ANEST IWATA Sky Lounge

Izu-Jukan Expressway

Shin-Tomei Expressway

Ashinoko Skyline

Lake Ashinoko

Shuzenji Nijinosato

Japan Cycling Sports Center

Izu Cactus Park

Amagigoe Rest Area

Izu Granpal ParkIzu Granpal Park

Izu Marine ParkIzu Shikinohana ParkIzu Marine ParkIzu Shikinohana Park

Ito Marine Town Rest Area

Granpal Port Rest Area

ANEST IWATA Sky Lounge

ANEST IWATA Sky Lounge

43

Mr. Tamagawa Kazuki

I will devote all my energy to work!

● What would you pick if you could bring only one thing to a deserted island?

 Fishing tackle● What is one thing that you are proud of? I won a doubles title in a table tennis tournament at a

general athletic meet in the southern part of the prefecture.

● Personal motto Never give up.● Who do you respect the most? Keisuke Honda

●Originally from Daisen City, Akita Prefecture

Ms. Arisa Sato

I want to work hard without worrying about making mistakes and develop an open-minded attitude toward other people's opinions.

● Hobbies Making accessories● What is one Kanji character that best represents you? 人 (people)● Favorite food Spaghetti sauced with tarako (cod roe)● Favorite sports I played baseball from elementary school to junior

high school.

●Originally from Daisen City, Akita Prefecture

Mr. Shinnosuke Sato

I want to get accustomed to work as soon as I can.

● Favorite food Ramen● What would you pick if you could bring only one thing to a

deserted island?

 Trumpet● What is one Kanji character that best represents you? 助 (help)● Who do you respect the most? Yu Takahashi

●Originally from Daisen City, Akita Prefecture

Mr. Yuya Otsuka

I am determined to work for the company without quitting my job whatever happens.

● Favorite entertainer Yui Aragaki● Favorite sports Martial arts and baseball● What is your most recent happiest moment? I have bought a new bed and a new mattress, and

now I sleep very well.● What is one Kanji character that best represents you? 明 (clear)

●Originally from Kanagawa Prefecture

Mr. Shota Ishii

First of all, I want people at work to get to know me so that I can get my job done smoothly. I really count on your support and advice!

● What is one thing that you are proud of? I climbed Mt. Fuji (although I don't have the stamina

for that now (laughter)).● What is your first impression of ANEST IWATA? It's a company with a long history, but it doesn't look

old.● Hobbies Travel, video games, animation and cheering for my

favorite baseball team, the Yokohama Baystars● Personal motto People are castles, stone barriers and moats.

●Originally from Yokohama City, Kanagawa Prefecture

Ms. Yuka Ishii

My knowledge about work is almost nonexistent, but I am determined not to give up until I am able to get my job done.

● What is one thing that you are proud of? I am skillful with my fingers.● Personal motto Be kind to other people.● Favorite sports Badminton● Favorite entertainer Kyoko Fukada

●Originally from Kanagawa Prefecture

NEW FACESThis section introduces you to our new sta�s who joined us this spring.This section introduces you to our new sta�s who joined us this spring.

65

Mr. Keisuke Ito

I have renewed determination to work hard as a working adult. Your advice will be appreciated.

● Favorite sports Kendo● Hobbies Watching movies● What is one Kanji character that best represents you? 学 (learn)● Who do you respect the most? My older brother

●Originally from Isehara City, Kanagawa Prefecture

Mr. Takashi Kurimoto

I want to be myself and work with clear goals in mind.

● What is one thing that you are proud of? I have an accurate body clock.● Hobbies Basketball● Favorite entertainer Chidori● What is your first impression of ANEST IWATA? It's a company with a very friendly atmosphere.

●Originally from Sabae City (famous for eyeglass production), Fukui Prefecture

Mr. Yoshiki Saito

Being a first-year employee at ANEST IWATA, I think I'm going to make a lot of mistakes. But I intend to work hard toward the 100th anniversary of the company's foundation.

● Hobbies Building Gundam plastic models, collecting collectors'

goods and watching animation and special effects movies

● Favorite sports Futsal● Which countries do you want to visit? U.S.A., Indonesia and Egypt● What is your first impression of ANEST IWATA? This company has a friendly atmosphere.

●Originally from Hachioji City, Tokyo

Mr. Tomoaki Sato

I intend to do my best for everything, and I would appreciate your support.

● What is your most recent happiest moment? It's when I ate pan cakes after waiting in line for

about an hour.● Personal motto Treasure every encounter for it is a once-in-a-lifetime

one.● Hobbies Basketball, karaoke and travel● What is one Kanji character that best represents you? 食 (eat)

●Originally from Kawagoe City, Saitama Prefecture

Mr. Yuki Shimizu

I am determined to work earnestly and diligently so that I can contribute to the company as soon as I can.

● What is one Kanji character that best represents you? 創 (create)● What is your first impression of ANEST IWATA? I was surprised to know that a company as big as this

was in my neighborhood.● Hobbies Badminton, golf and video games● Which countries do you want to visit? Taiwan and U.S.A.

●Originally from Yokohama City, Kanagawa Prefecture

Mr. Yuki Hada

Being a new recruit, I think I am going to find something to learn every day. I will stay down to earth and work hard. Your support would be appreciated!

● What is one thing that you are proud of? I had a grip strength of 75 kg when I was younger.● What is your most recent happiest moment? I finished my graduation thesis staying up all night. On

my way back home after turning it in, I ate ramen with my friends.

● Hobbies Watching martial arts events, photography and travel● Favorite entertainer Shinsuke Nakamura (professional wrestler)

●Originally from Meguro Ward, Tokyo

Mr. Keita Hanawa

I am now totally clueless and afraid that I might make rude mistakes. I intend to work hard as a working adult.

● What is one thing that you are proud of? I traveled alone in Germany, Austria and Hungary for

two weeks.● Favorite sports Tennis● Hobbies Travel● Favorite entertainer Tsubasa Honda

●Originally from Iruma City, Saitama Prefecture

Mr. Yusuke Hikawa

I want to learn how to do my job so that I can contribute to the company as soon as I can.

● Favorite food Grilled chicken● Hobbies Playing and modifying guitars● What is one Kanji character that best represents you? 楽 (fun)● Which countries do you want to visit? U.S.A.

●Originally from Yokohama City, Kanagawa Prefecture

87

Mr. Yoshihiro Hirose

Everything is new to me, but I am going to do the best I can. Your advice and assistance would be appreciated.

● What is your most recent happiest moment? I traveled to Taipei with my family.● Favorite sports Archery● Hobbies Video games● Personal motto Whatever will be will be

●Originally from Gifu Prefecture

Mr. Iori Mabuchi

I intend to tackle anything with a positive attitude.

● Hobbies Reading, beginner-level DIY and cooking meat● What is one Kanji character that best represents you? 適 (the right people in the right places; adaptability;

I want to be a versatile person who contributes in various situations working sometimes very hard and sometimes in moderation.)

● Personal motto Just waiting for the right time is a waste of time.● Favorite sports Japanese-style tennis

●Originally from Kanagawa Prefecture

Mr. Taira Mitabe

Being a novice employee, I know little about work and may cause trouble to people around me. I will work as hard as I can and find pleasure in working diligently.

● Favorite sports Soccer

I played soccer in the school club team.● Which countries do you want to visit? Spain● Favorite entertainer ONE OK ROCK● Favorite food Hamburger steak

●Originally from Kanagawa Prefecture

Ms. Tomoko Tani

I look forward to working with everyone to deliver excellent products across the world. To do so, I think I am going to have to think a lot and do what I can.

● Favorite sports I like watching baseball games.● Personal motto Perceiving reality as it is● What is one Kanji character that best represents you? 回 (turn)● Who do you respect the most? Beatrix Potter

●Originally from Kobe City, Hyogo Prefecture

Mr. Seigo Shindo

I want to get accustomed to social life as soon as I can and contribute to the company.

● Favorite sports Baseball● Personal motto Going my own way● Who do you respect the most? My mother● Favorite entertainer Shonan-no-kaze

●Originally from Osaka Prefecture

Mr. Shun Miyazawa

I will do my best so that I can keep growing day by day, valuing every single day.

● What is your most recent happiest moment? It's when I found my wallet empty of small change.● Favorite sports I played in baseball clubs from elementary school

through junior high school to senior high school.● Hobbies Watching baseball games● Which countries do you want to visit? Canada

●Originally from Tokyo

Ms. Chiaki Yada

I am going to work as hard as I can.

● Hobbies Watching sports● Personal motto Do not be afraid to be bold.● Favorite entertainer Naomi Watanabe● Which countries do you want to visit? Thailand

●Originally from Mie Prefecture

Mr. Atsushi Yanagida

There are tons of things that are new to me, and I'm afraid I might cause you trouble many times. But I will do the best I can. Your assistance would be appreciated.

● What is one thing that you are proud of? I participated in a national judo tournament (team

competition).● Favorite entertainer Michael Jackson and SAKANACTION● Hobbies Reading and video games● Favorite food Fried chicken and hamburger steak

●Originally from Fuji-Kawaguchiko Town, Yamanashi Prefecture

109

Mr. Hiroki Yamanaka

I am going to work hard. Your advice and support would be appreciated!

● Personal motto Act now!● What is one thing that you are proud of? I have bought a new car recently.● Hobbies Cars, music and going for a drive● Favorite food Ramen

●Originally from Atsugi City, Kanagawa Prefecture

Ms. Maho Yokoyama

I am worried about a lot of things, but I intend to work earnestly and do the best I can leveraging my strengths. Your support would be appreciated.

● What is one thing that you are proud of? When I worked part-time, people often complimented

the way I smiled.● Personal motto Other than death, all failures and mistakes are minor

things.● Hobbies To sleep● What is one Kanji character that best represents you? 変 (strange)

●Originally from Hachioji City, Tokyo

Ms. Ayako Kamiyama

I will do my best and appreciate your guidance.

● Hobbies Golf and watching animals● What is your most recent happiest moment? I ate steak to my heart's content.● Favorite entertainer Yu Shirota● Favorite food Steak, sweets and sushi

●Originally from Tokyo

Mr. Koji Matsuura

I will work cheerfully and energetically as a new recruit.

● Favorite sports Badminton and soccer● Personal motto Never put off until tomorrow what you can do today.● Hobbies Going for a drive and travel● What is your most recent happiest moment? I drew an Omikuji sacred lot saying "very good luck"

on it.

●Originally from Tokyo

Mr. Ryuki Imoto

I am joining ANEST IWATA this April. I will do my best and appreciate your support.

● Hobbies Muscle training and going on a motorcycle ride● What is your most recent happiest moment? I came across a Ramen restaurant where they serve

very delicious Ramen noodles.● Favorite sports Tennis and judo● Favorite entertainer Ayano Kimura

●Originally from Tokyo

Mr. Shun Nakanome

I will work with a positive attitude.

● Who do you respect the most? Naoya Tsuburaya● Favorite sports Baseball and snowboard● Favorite entertainer Shun Oguri● What is one Kanji character that best represents you? 気 (spirit)

●Originally from Fukushima Prefecture

Mr. Yoshiki Soeta

I will work hard and count on your assistance.

● What would you pick if you could bring only one thing to a deserted island?

 I wouldn't need anything.● Favorite food Apples● Personal motto Endurance makes you stronger.● Favorite sports Track and field

●Originally from Fukushima Prefecture

Mr. Kei Sakaida

I intend to keep learning under the guidance of superiors so that I get accustomed to work as quickly as I can. I hope I will be able to contribute to the company soon.

● Who do you respect the most? Naoshi Yatabe (my superior)● What is one thing that you are proud of? I think I have better-than-average athletic ability.● Personal motto Focus on what matters most.● Favorite sports Baseball

●Originally from Fukushima Prefecture

1211

Ms. Rinka Sato

I will become a business person this April. I intend to work earnestly, paying attention to what is going on around me and thinking about what lies ahead.

● Favorite sports Badminton and soccer● Hobbies Karaoke and eating out● What is one Kanji character that best represents you? 素 (natural)● Favorite entertainer AAA

●Originally from Fukushima Prefecture

Ms. Miho Shiraiwa

It's going to be a start from scratch. I hope I become accustomed to work as soon as I can and able to contribute to society.

● Hobbies Watching theatrical performances● What is your most recent happiest moment? I went to Disney Land on my graduation trip.● Who do you respect the most? My older sister● Favorite food Omelet rice

●Originally from Fukushima Prefecture

Mr. Yusuke Shida

I want to learn about ANEST IWATA's products and experience many things, and hopefully I will contribute to society. I intend to work diligently so that someday my superiors will leave important tasks to me.

● Hobbies Soccer● Favorite entertainer BUMP OF CHICKEN● What is your most recent happiest moment? My best friend got married.● What is one thing that you are proud of? I got the best grade in my college course.

●Originally from Fukui Prefecture

NEW FACESQuestions

Q.1 What are your interests and hobbies?Q.2 What made you decide to join the ANEST IWATA Group?

INTERNATIONAL

Ms. Preyanuch Yimniam

ANEST IWATASOUTHEAST ASIA ,Co.,LtdISO Officer

A.1Reading and shopping

A.2I considered ANEST IWATA a very good company for my future.

Mr. Alessandro Battioli

ANEST IWATA Strategic Center SrlQuality Control Manager

Mr. Fabio Stimolo

ANEST IWATA Strategic Center SrlLogistics

A.1My hobby is football.

A.2I graduated from a vocational school and was very interested in the work of this company.

Ms. Chanikan Wongtawatnugool

ANEST IWATASOUTHEAST ASIA ,Co.,LtdAir Compressor

A.1I like reading and travel.

A.2I considered it a great opportunity to gain knowledge and grow at an entirely new workplace.

Ms. Ziva Kumer

ANEST IWATA IBERICA, S. L.Administration and logistic department

A.1I really like languages and I am keen to learn about other cultures through travelling, meeting new people and getting to know the authentic gastronomy.

A.2I joined ANEST IWATA because I think it is a perspective company that values their employees.

Mr. Weerawoot SomhaANEST IWATASOUTHEAST ASIA ,Co.,LtdPainting system

A.1I have no hobbies in particular.

A.2ANEST IWATA is famous for its coating systems.

New staffs who joined us from January to March

* The department and division names shown here are those of the organizations that the new sta�s were assigned to when they joined the company.

A.1I feel rewarded to be able to solve problems as a team leader.

A.2I thought it a wonderful opportunity to step into a realm I had never explored as well as to enhance my skills.

1413

JAPAN

NEW FACESQuestions

Q.1 What are your interests and hobbies?Q.2 What made you decide to join the ANEST IWATA Group?

Mr. Rikiya Sato

AICP, Kanto Branch, Operations Team(Originally from Tokyo)

A.1My hobbies are taking photos and going for a drive.One thing I am good at is to be able to sleep anywhere.

A.2I learned that ANEST IWATA's products are industrial machines that are needed in a wide range of fields. That's what I found interesting.

Mr. Yuki Mizuno

AICP, Kanto Branch(Originally from Miyagi Prefecture)

A.1Running and rakugo (comic storytelling)

A.2I made up my mind looking at the "FY2016 White Company Ranking (a list of employee-friendly compa-nies)."

Mr. Teruto Nakajima

AICP, Technical Support Group(Originally from Hachioji City, Tokyo)

A.1My hobbies are riding a motorcycle and watching movies.I am good at backing a heavy-duty truck into a parking space.

A.2I thought that I would be able to improve my work-life balance.

Introduction to Group Companies

Company Profile

Shanghai Screw Compressor Co., Ltd. joined the ANEST IWATA Group in January 2018. Let us introduce our company to you. Founded in 1998, Shanghai Screw Compressor develops, manufactures and sells mainly screw compressors. According to the actual results in fiscal 2017, 78% of our sales come from within China, and 22% from overseas. The foreign countries where we market our products include Spain, Poland, the U.S.A and Australia. We produce 5000 units or so annually. In China, there are growing public concerns about environmental issues, food, healthcare, etc. We are going to stay focused on energy-saving and oil-free air compressors in order to contribute to society. We expect that joining the ANEST IWATA Group will allow us to experience Japan's manufacturing and achieve further growth. We hope that we can grow together with you all.

Shanghai Screw Compressor Co., Ltd.

ANEST IWATAEurope GmbH

ANEST IWATA Europe GmbH (AI-EU) was established in Bad Wimpfen near Stuttgart in the southern part of Germany in October 2017 as the center of the air energy business in Europe.A number of major manufacturers, such as Porsche, Benz and Bosh, have headquarters and plants in this region. Also, located almost in the center of Europe and blessed with very good access to transportation, it has been one of the most prosperous industrial hubs in Germany since long ago.Currently, AI-EU has about 20 employees, who tirelessly work to promote our world-class air compressors and vacuum pumps in markets not only in and around the EU region but also in a wider area including the Middle East and Turkey. Crowded with a host of world-famous manufacturers of air compressors and vacuum pumps, the European markets are competitive. Since the oil-free technology, which is the core of our technological competence, is less known in Europe than in other regions, we believe that there is enough room for our oil-free technology to contribute to customers and society.AI-EU keeps taking on new challenges. So keep your eyes on it!

Am Stahlbügel 2 D-74206 Bad Wimpfen - Germany

Address

Number of employees19

Websitehttp://www.anest-iwataat.com/

1555, Ting Feng Road, North Industrial Zone, Jinshan, Shanghai

Address

Number of employees238

Websitehttp://www.screw.sh.cn

Company Profile

New staffs who joined us from January to March

* The department and division names shown here are those of the organizations that the new sta�s were assigned to when they joined the company.

1615

Message to Everyone from Akita Report from Akita Factory

Message to Everyone from Fukushima Report from Fukushima Factory

The General Manufacturing Mee�ng is a lecture mee�ng, hosted by the Japan Management Associa�on, where presenta�ons are given by leading companies on manufacturing strategies covering a range of topics from development, design and produc�on technology to produc�on, purchasing, procurement, quality and human resource development. This year marks the 55th anniversary of the mee�ng, which has been held once a year. Every �me, over 3,000 people engaged in manufacturing gather for the mee�ng from across the country. At this year's mee�ng, Mr. Hozumi, the leader of the Produc�on Engineering Team of Fukushima Factory, gave a lecture as the factory was highly praised for its produc�on reform. The lecture drew a large audience, and we got posi�ve feedback saying, "I am impressed" and "We really want to emulate your effort."

Hiroyuki Hozumi, the leader of the Production Engineering Team of Fukushima Factory

Lecture at the 2018 General Manufacturing Meeting(held at Tokyo Conference Center Shinagawa from February 21 to 23, 2018)

On January 10, 2018 (Wednesday), Akita Factory was visited by 25 people (14 students of the elementary and junior high schools in Daisen City, where the factory is located, and 11 parents). The visit was a special winter event organized as part of the Daisen Furusato Doctor Development Project launched in fiscal 2016 by the Daisen City Board of Educa�on. The project is aimed at fostering a spirit to love the hometown among children by having them interact with the local community through par�cipa�on in local events and visits to local companies and facili�es with the goal of developing human resources who will shoulder responsibility for the future of the region.This was the second �me that the event was held at Akita Factory. We had much more applicants than the limit both last �me and this �me.

Daisen Furusato Doctor Development ProjectCompany Visit Day

The F100 Execu�on Commi�ee is working on the ideal vision that Fukushima Factory should achieve when ANEST IWATA marks its 100th anniversary, with the following three goals in mind:1. Increase the visibility of ANEST IWATA.2. Make the factory an exciting place for visitors.3. Get employees more motivated and provide a good work environment.As pointed out by some employees, we have had this name recogni�on problem, with ANEST IWATA suffering a low profile in Yabuki Town. To increase the visibility of the company, we have decided to be more ac�ve in invi�ng local residents to visit our factory. At the same �me, we make the factory an exci�ng place to impress visitors. This will result in increased visibility and, as the factory is invigorated, employees will become more mo�vated. We are striving to implement this cycle.In this issue of the newsle�er, we highlight some of the new ac�vi�es we have launched in 2018. One is to promote the use of Yabuki Rokkaku Cafeteria (F6 Lounge) by employees. This cafeteria was opened in 2017. While the cafeteria is also available to local residents, we hope that employees use it for recrea�onal purposes more frequently.The soccer World Cup will be held this year, so we will open the cafeteria to employees as a sports bar and have fun together. Next, we are considering crea�ng a welded object - the second of its kind - as a special exhibit for this year. Factory Manager Fukase has been constantly giving us a pep talk, saying: "It's boring to see a similar thing. Be crea�ve and innovate!" The other ini�a�ves that we plan to carry out include achieving a 100% share of the air compressor market in Yabuki Town, giving experimental vacuum shows at kindergartens and engaging in volunteer ac�vi�es. This year, the members of the commi�ee have been changed. Under the mo�o of the ever-evolving Fukushima Factory, we are going to promote various ac�vi�es to move forward toward the 100th anniversary and beyond.

Be Creative and Innovate As We Approach the 100th Anniversary of the Company's Foundation!

Committee members: Takuro Sato, Takeshi Kusaka, Yuki Shoji, Naoto Sato, Akemi Miyota, Tomofumi Nakada, Takashi Aoki and Satoshi Yasuda (from left to right)

1817

100 likes

AIJ_masahiro_kubo

wa 4G 19:26 100%

#My drive on a holiday

Went for a drive to ANEST IWATA Turnpike Hakone on

April 1. The day being Sunday, I saw supercars race

up this slope with blasts.

100 likes

AIJ_shizuka_okuda

wa 4G 19:26 100%

#My holiday #Shaved ice #Musako #Strawberry

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AIJ_nobuo_okouchi

wa 4G 19:26 100%

#First to be there #ANEST IWATA Turnpike Hakone

Went to ANEST IWATA Turnpike Hakone on March 3

to become one of the first ANEST IWATA employees to

be there.

100 likes

AIJ_shizuka_okuda_2

wa 4G 19:26 100%

#My Friday #Giant and dwarf #Dumplings

C l i p p i n g So good!!Relax...

Happy!

100 likes

AICS_yoshihiro_kaneko

wa 4G 19:26 100%

#My treasures

This is one of my favorite photos.

100 likes

AIJ_yukiyo_kimura

wa 4G 19:26 100%

#My neighbor's cat that comes to my home for food

A female cat named Chikuwa

100 likes

Ffactory_akira_yagihashi

wa 4G 19:26 100%

#My holiday

Drove to ANEST IWATA Turnpike Hakone.

100 likes

Ffactory_shuhei_yamada

wa 4G 19:26 100%

These are my favorite ANEST IWATA airbrushes. I have

several different models, and every one of them is so

useful.

#My airbrushes

100 likes

Ffactory_shun_yoshita

wa 4G 19:26 100%

#My hobby

Looking forward to going to racing circuits to watch

motor sports this year just as always.

100 likes

AIJ_mami_obara

wa 4G 19:26 100%

#My trip alone #Osaka & Nara #Todaiji Temple #Stroll in ancient city #Reckless spending on foodTook a trip to Kansai taking advantage of the privilege of being single. After the end of a day's work, I went to Osaka by bullet train. I saw a musical, ate delicious food, visited temples and then ate again. It was so much fun!

The kiritori section shows the photos

submitted from members of the ANEST IWATA Group.

Photos of daily activities and memorable events

related to the submitter, both from work and private life,

are welcome. Send your photo data, with a hashtag

that begins with the word "My" and a comment

on the posted photo, to: [email protected]

(Akari Ueda, IR Public Relations Office).

Here are

amazing photos shot

by our colleagues!

2019

When the seasons change, the temperature tends to change greatly in the course of a day. In addition, changes in the day length and atmospheric pressure may affect the autonomic nervous system, hormone metabolism and immune system.

Effects on the body① Unlike motor nerves and sensory nerves, we are unaware of autonomic nerves. But they play a vital role behind the

scene in regulating our physical condition. There are two types of autonomic nervous system: sympathetic and parasympathetic. The former is necessary when we do things or become nervous, and the latter helps put the brain and body to rest when we sleep or take a break. These nervous systems keep our bodies in balance while causing opposite effects on the human body. An imbalance between these two nervous systems may result in symptoms developing even though we are unaware of their existence in daily life, leading to various health problems.

② As the day lengthens and the weather becomes warmer, we tend to stay up longer and sleep less, often suffering from lack of sleep. During sleep, the body undergoes a number of crucial processes such as fatigue recovery, damage repair and memory creation. So we need good sleep (in terms of both duration and depth).

③ In spring, we are also prone to mental stress. As we get transferred to a different post or move to a different place, your job and human relationship change. These changes lead to increased stress, which disturbs the balance of the autonomic nervous system and possibly affects you mentally.

④ Immune system: It is said that many people catch a cold when the seasons change. Lack of sleep and a drop in body temperature weaken the immune system, making us more vulnerable to cold.

Things you should know to overcome the seasonal change

① Steady rhythm of daily life: Wake up, go to sleep and eat meals on a regular schedule to make sure that you maintain a steady rhythm of daily life.

② Well-balanced diet: Try not to skip breakfast, which raises the blood sugar level and body temperature, thus helping the sympathetic nervous system to function. Also try to eat as many vegetables as possible since they are rich in vitamins and minerals.

③ Good sleep: Avoid staying up too late. Make it a practice to go to sleep around 11 o'clock at night. Do not go to bed too early, because that often makes you prone to awake during the nighttime. A shallow sleep may be related to when you drink alcohol or take a bath before going to sleep. Avoid drinking alcohol or taking an excessively hot or long bath right before you go to bed.

④ Moderate exercise: Stretching or walking improves your blood circulation and helps keep the autonomic nervous system in balance. Less vigorous exercise is recommended.

⑤ Body temperature control: Your body gets cold when you wear light clothing. Change clothes as necessary to adjust your body temperature. It is a good idea to have a cardigan or other topper at hand that you can readily put on.

⑥ Rest: To reduce stress, make time to relax without thinking about anything. Listening to music or taking a walk on a greenery-rich road helps alleviate stress.

Keep these tips in mind, and stay healthy during seasonal change.

Editors' Comments Investor & Public Relations Office

It has already been three years since the IR Public Relations Office was established. Every year, azalea comes to full bloom during the May Golden

Week holidays following the cherry blossoms in April. It's a great season with great weather. In the coming two months, however, our work

schedule is the busiest in the year and, although I don't have an allergy to pollens, it is the time of year when I get stressed out very much. We

are going to hold a shareholders' meeting at our head office this year, and we count on your cooperation. (Toru Watanabe)

The other day, I bought a page-a-day calendar produced by former tennis player Shuzo Matsuoka and put it on my desk. Today's page says: "Get

rid of your ego. Be a snowman." This April marks the third anniversary of me entering the workforce. I'm not sure if I actually match the image of

a working adult in her third year that I had in mind when I was a student (laughter). I want to remain willing to learn whatever I need to and work

hard to make our newsletter more fun to read for everyone. (Akari Ueda)

When I visited ANEST IWATA Turnpike Hakone for the first time, I was really impressed to know that Japan still had a great place like this. On the

day I went there, the weather was fine and the air was clean, which gave me a clear view of Mt. Fuji. The landscape was just stunning. I strongly

recommend you go there too if you have a chance. (Motoya Sato)

Tipson Health

How to Stay Healthy During Seasonal Change

Bits of Knowledge about Health

Dr. Masatoshi Hara

2221

Workshop on cake decoration using food-related liquid spray guns

Intranet for the Blue Project

Ms. Nishimura opened a cake shop specializing in custom-made cakes, Magic Cake Deco., in Shinjuku, Tokyo, in 2008, introducing authentic American cake decorations for the �rst time in Japan. She works as the main cake designer for the shop. She founded the Japan Cake Decoration Association in July 2013 to increase the recognition of cake decorations both at home and abroad, including promoting cake decorations and improving decoration techniques and knowledge.

Ms. Midori Nishimura (president of the Japan Cake Decoration Association)

●Ms. Ikuko Hirai, Liquid Application Equipment Team

We are working with Ms. Nishimura for demonstrations at trade shows, workshops and other events in order to promote food-re-lated liquid spray guns in the market as equip-ment for gorgeous-looking cakes and sweets.

An intranet for the Blue Project is now available. It offers a wide variety of contents created to share information about various people's jobs and ideas across organizational and geographical boundaries, such as a blog to let you know about the project members (updated once a week) and a talk show featuring ANEST IWATA employees. Anyone is welcome to access the intranet!

The purpose of the project is to make ANEST IWATA's corporate philosophy better known to its employees.

About the Blue Project

To access the intranet, click the link on the left side of the Google Apps portal page.

●Members: Matsumoto and Obara (business planning) and Ueda (IR Public Relations Of�ce)

Bulletin Board on Employees' ActivitiesBulletin Board on Employees' Activities

Publisher:ANEST IWATA Corporation  Published by:Kouichi Takano, Corporate Planning Department  Editor:Toru Watanabe, Investor & Public Relations Office  Printed by:Noge Printing Corporation

Company Newsletter No.197 Issued May 2018

The website of ANEST IWATA Compressor

Corporation is now available.

Go and visit the website!anest-iwata-compressor.com

No.1972018.5

ANEST IWATA USA, Inc.ANEST IWATA - MEDEA, Inc.ANEST IWATA MEXICO,S. DE R.L. DE C.V.

Mount St. Helens (U.S.A.)Photos taken by:Mr. Gary Glass