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2. © TBM Co., Ltd. 2 Calcium Carbonate inorganic substances (limestone, CO₂) Resin as binder (oil-based resin / biomass-based resin) Usable in a wide range of products as an alternative material to plastic and paper A composite material containing over 50% inorganic substances such as calcium carbonate, with an inorganic filler-dispersed structure. 01 Reduction in Petroleum-based Plastics 02 Reduction of GHG emissions 03 Scalable with Existing Facilities LIMEX, A Material to Tackle Climate Change and Resource Risk © TBM Co., Ltd. 2 LIMEX Business A new material developed by TBM, composed of over 50% inorganic substances such as calcium carbonate (limestone and CO₂). By reducing dependence on petroleum-based plastics, which emit significant amounts of CO₂ during procurement and disposal, LIMEX aims to lower environmental impact.
3. © TBM Co., Ltd. 3 R&D Factory Operated by Renewable Energy LIMEX Business Moldable and Processable with Existing Facilities Overseas production is possible through local partners as well as our own factories in Japan. With 150+ molding and 350+ printing partners, LIMEX applications now span diverse processing methods. TBM brings together specialists from various fields and conducts joint research with universities. To pursue material formulation development, mixing, and molding technologies, TBM was selected for NEDO's Strategic Energy Conservation Technology Innovation Program. Miyagi Prefecture's production plant switched to "100% renewable energy" electricity and adopted a subsidized project by METI to support the location of manufacturing facilities. Blown Film Molding LIMEX Pellet LIMEX Sheet ・Shopping Bag ・Grocery Bag ・Trash Bag Thermoforming ・Food Container ・Cup Injection Molding ・Daily Goods ・Industrial Goods Extrusion Molding ・Sheet ・Films ・Profile extrusion products * LIMEX Sheet will be provided by TBM. Blow Molding ・Bottle ・Tube Spunbond Molding ・Bag
4. © TBM Co., Ltd. 4 LIMEX Product Sales Model We can propose promotional items, materials, and novelty goods made from LIMEX and other environmentally conscious materials. In collaboration with the most suitable partners to match our customers’ needs, we provide one-stop service from printing, processing, and molding through to delivery. Product Proposal Outsource manufacturing CirculeX Customers
5. © TBM Co., Ltd. 5 Provide Information on the Current Product Based on current product information, we propose the environmental impact reduction effects (water, plastic, CO₂) and cost estimates achievable by introducing LIMEX products. Please provide the following information regarding current products that can be proposed using LIMEX material. Based on the current specifications, we calculate the environmental impact reduction effect and cost estimates using TBM. We will visualize and propose achievable goals for your company’s environmental targets and align both companies’ perspectives. Adjustments made to supply chain delivery schedules. Consider distributing a press release as external communication. (In coordination with the PR department) Specification confirmation Quotation / Environmental performance Calculation Various Adjustments Release Material 1 Specifications (Size, Page Count, etc.) 2 Lot Size 3 Annual Usage (Order Quantity Acceptable) 4 Unit Price 5 Infrastructure Development Implementation Product Proposal
6. © TBM Co., Ltd. 6 Environmental Performance of LIMEX: A Plastic Alternative Compared to traditional petroleum-based plastics, it reduces plastic usage, contributing to resource conservation and plastic reduction by minimizing reliance on limited petroleum resources. Throughout its entire, it can reduce CO2 and other greenhouse gas emissions. Reduction Rate [%] = (LIMEX Product - Comparison Product) / Comparison Product * 100 LIMEX LIMEX LIMEX LIMEX *1 Calculation Method: Life Cycle Inventory Inventory Database (Main References for Emission Factors): LCI Database IDEA version 2.2 (2018/01/18) and version 2.3 (2019/12/27) National Institute of Advanced Industrial Science and Technology (AIST) Safety Science Research Division IDEA Lab / Sustainable Management Promotion Organization (SuMPO) Impact Assessment Method: Climate Change IPCC 2013 GWP 100a LIMEX Business Calculation Conditions: •Functional Unit: 1 kg of pellets (including undiluted masterbatch) •Scope: From [Raw Material Procurement & Pellet Production] to [Transportation] to [Disposal] •Transportation: Assumes 300 km truck transport within Japan; includes sea transport for overseas manufactured products. •Disposal: Assumes incineration as general waste (molding process not included). •Calculation Years: 2022 and 2023 CO2 and GHG Emissions 5 6 7 8 1 2 3 4 (kg- co2e/kg)0 Vacuum Forming Grade Blown-film Molding Grade Blow Molding Grade Injection Molding Grade PP HDPE PS ABS 2.7 1.5 Approx. 72% Reduction 1.8 2.0 5.3 5.3 6.2 6.5 Approx. 66%Reduction Approx. 63%Reduction Approx. 55%Reduction Raw Material Procurement & Pellet Production Transportation Disposal Plastic Usage Reduction Rate Compared to PP (Polypropylene) Vacuum Forming Grade Approx. 57% Reduction Blow Molding Grade Approx. 53% Reduction Injection Molding Grade Approx. 34% Reduction Blown-film Molding Grade Approx. 54% Reduction
7. © TBM Co., Ltd. 7 Environmental Performance of LIMEX: Plastic Sheets, Synthetic Paper, and Paper Alternatives Compared with petroleum-based plastic sheets, synthetic paper, and conventional paper, this material reduces plastic use and waste, lowers lifecycle GHG emissions (including CO₂), avoids using forest resources, and cuts water use by about 97%. It is also produced with 100% renewable energy and has a zero CO₂ emission factor during production. LIMEX Plastic Usage Compared to PP (Polypropylene) Sheets and PET Sheets Reduction Rate [%] = (LIMEX Product - Comparison Product) / Comparison Product * 100 LIMEX Water Usage Compared to Paper 50 100 (㎡/ｔ)0 Approx. 94% Reduction LIMEX 5.20 Paper and Cardboard 85 LIMEX Business Compared to PP Sheets Approx. 35% Reduction Compared to PET Sheets Approx. 57% Reduction CO2 and GHG Emissions 1.5 0.5 1.0 (kg-co2e/㎡)0 Approx. 66% Reduction LIMEX White Soft 0.50 Approx. 52% Reduction LIMEX Translucent Hard 0.70 PP Sheet 1.07 PS Sheet 1.31 PET Sheet 1.45 PVC Sheet 1.29 Procurement Manufacturing Transportation Printing＊ ＊ Assumed to be equivalent and omitted DIsposal - Calculation Conditions - •Functional Unit: 1 m² of sheet •Thickness: 150 μm •Scope: [Raw Material Procurement] → [Sheet Manufacturing] → [Transport] → [Disposal (Incineration)] •Disposal: Assumed to be incinerated as general waste Manufacturing conditions based on the 2020 performance of TBM Shiroishi Factory Assumed to be coated with ink suitable for printing LIMEX Sheet: Uses electricity from 100% renewable energy Other Plastic Sheets: Assumed to use average Japanese electricity Calculation Year: 2021 1 • Calculation Method: Life Cycle Inventory • Inventory Database (Main Reference for Emission Factors): LCI Database IDEA version 2.2 (2018/01/18) and version 2.3 (2019/12/27), National Institute of Advanced Industrial Science and Technology (AIST) Safety Science Research Division IDEA Lab / Sustainable Management Promotion Organization (SuMPO) • Impact Assessment Method: Climate Change IPCC 2013 GWP 100a * 2 • Source: Trends in Fresh Water Usage Per Ton of Paper and Cardboard Production: Japan Paper Association (Source) Annual water usage at Shiroishi Factory (excluding 15% for domestic water) divided by annual production volume (the estimated value for domestic water was smaller than the values from the Tokyo Metropolitan Government's "Water Supply Design and Construction Standards" for "Unit Water Consumption by Building Type, Usage Hours, and Number of People")
8. © TBM Co., Ltd. 8 Environmental labeling of LIMEX products By using the LIMEX stone symbol (in line with the LIMEX brand guidelines) and visualizing your reduced environmental impact through life cycle assessment (LCA), you can communicate your commitment to environmental initiatives. *For LIMEX brand guidelines, please refer to TBM’s website. https://tb-m.com/brand-guideline/ Display example 01. Convey Your Message with the LIMEX Symbol 02. Quantitatively Demonstrate Environmental Impact Reduction Impact across all promotional items Or Impact per piece © TBM Co., Ltd. 8 Product Proposal Greenhouse gas (GHG) emissions when producing 10,000 of these files are: 1,021 kg-CO₂-eq (a 46.9% reduction). By using the new material, plastic use can be reduced by equivalent of approx. 5,925 500 ml PET bottles. This product is made from LIMEX, a sustainable material mainly made from limestone.
9. © TBM Co., Ltd. 9 Electronics Automotives Logistics Construction / Housing Shopper Trash Bag Cosmetic Containers Food Container Bottles Business Card Menu POP Brochures Backlit Film Signage LIMEX Business LIMEX Expanding from Consumer Goods to Industrial Materials
10. © TBM Co., Ltd. 10 Reduction in Petroleum-based Plastics Reduction in GHG Emissions Moldable Using Existing Equipment Reducing Water Usage Forest Conservation Water Resistance/Durability Expansion of LIMEX Application LIMEX Business File Folder Shopping Bag Waste Bag Hanger Backlit Film Pen Drinking Cup Food Container Fan Food Packaging Film Report Catalog Leaflet Menu POP Label Business Card Booklet Package Poster DM & Envelope Map Cosmetic Container Building Materials
11. © TBM Co., Ltd. 11 Backlit Film Signage Notes・These are estimated approximate values and are not guaranteed. The figures are subject to change depending on data availability and other factors.・Comparisons with other companies' products are not possible due to differences in calculation and data collection methodologies. Assessment Methodology・Life Cycle Inventory (LCI)・LCI Database: IDEA version 3.2 from the IDEA Lab, Research Institute of Science for Safety and Chemical AIST・Impact Assessment Method: Climate change IPCC 2013 GWP 100aAssessment Conditions・Proposed Product: LIMEX Sheet 200µm, Comparative Product (General Product): PET 200µm.・Scope: [Raw Material Procurement] → [Sheet Manufacturing] → [Disposal (Incineration)]・Assumes manufacturing and disposal in Japan. Excludes processes such as illuminated sheet processing, printing, and transportation.・Manufacturing Conditions: Based on TBM factory performance data from 2024 to 2025.・Electricity Consumption: LIMEX uses virtually 100% renewable energy-derived electricity, while the general product assumes average electricity in Japan. Low-cost yet high-performance. Illuminated sheets that enhance your products Compared to Conventional material, it reduces the cost up to The use of inexpensive limestone makes it possible to offer the film at a lower cost than conventional plastic films. Higher Cost Performance Thanks to its limestone content, it reduces plastic and CO₂ Compared with conventional PP or PVC illuminated sheets, it can reduce the use of petroleum-based plastics and greenhouse gas emissions including CO₂ over the entire life cycle. Thanks to excellent light diffusion and transmittance, it enables beautiful color expression Better Eye-Catching Performance The light transmittance is higher, and the light diffusion is superior, enabling the expression of vivid and beautiful colors when viewed from any angle. 55% 43% 30 % CO2 Raw Material Final Product LIMEX Backlit Film Signage Exploring initiatives for plastic reduction and decarbonization.
12. © TBM Co., Ltd. 12 Plant Tags LIMEX Plant Tags Low cost and vivid color. Plant tags that make plants look even more beautiful. Cost Reduction by incorporating limestone By incorporating low-cost limestone, these labels can be offered at a lower price than conventional synthetic paper and plastic products. Environmentally conscious products are perceived as expensive Thanks to its limestone content, it reduces plastic and CO₂ Compared with conventional synthetic paper labels, reductions can be expected in the use of petroleum-based plastics and in greenhouse gas emissions, including CO2, across the entire life cycle. Vivid printing With excellent color reproducibility Strong visual appeal and visibility are important It offers a premium, high-quality texture and also excels in color reproducibility. 34% 27% CO2 Raw Material Final Product Exploring initiatives for plastic reduction and decarbonization.
13. © TBM Co., Ltd. 13 Menu・POP Lamination-free, in-store environmental initiatives that boost customer favorability. Environmentally conscious promotional tools with reduced cost burden. Contributes to global resource conservation with environmentally conscious materials Reducing the use of water, forests, and plastics previously required for conventional “paper + lamination” allows contribution to the conservation of the planet’s resources. Exploring initiatives for plastic reduction and decarbonization. Thanks to its limestone content, the price is comparable to conventional products By incorporating affordable limestone, it is offered at a price range that makes adoption easier than conventional products. Its excellent durability also enables long-term use. Environmental products are often perceived as very expensive. Crisp and vivid printing with excellent color reproduction. High print quality is important as a communication tool. It offers a premium, high-quality feel and outstanding color reproduction. Since lamination is not required, concerns about reduced visibility due to light reflection are also reduced. Raw Material Final Product LIMEX Menu Adopting Cases Major Restaurant Franchises / Major Café Franchises etc Crisp and vivid printing with excellent color reproduction. High print quality is important as a communication tool. It offers a premium, high-quality feel and outstanding color reproduction. Since lamination is not required, concerns about reduced visibility due to light reflection are also reduced.
14. © TBM Co., Ltd. 14 Tapestry Compared with conventional synthetic-paper tapestries, it reduces the use of petroleum-based plastics by approximately 10% and greenhouse gas emissions, including CO2, by approximately 26%. About LIMEX Color reproducibility Printability Water & weather resistance suitable for outdoor use Its excellent durability and water resistance also enable the long-term use of display materials. Tear-resistant and highly resistant to discoloration caused by UV exposure Environmental products are often perceived as very expensive. Thanks to its limestone content, the price is comparable to conventional products By incorporating affordable limestone, it is offered at a price range that makes adoption easier than conventional products. Its excellent durability also enables long-term use. High print quality is important as a communication tool. In addition to a premium, high-quality texture derived from limestone, it offers both excellent color reproducibility and printability. It also helps reduce visibility loss caused by light reflection. Adopting Cases KITCHEN ORIGIN / Major Gyudon Franchises, Major Apparel Retailer etc Raw Material Final Product
15. © TBM Co., Ltd. 15 Lamination-Free Sheet Reduce outsourced lamination costs. Just print using your existing multifunction printer. Easily produce POP and various tools in-house. Can be produced anytime with your existing multifunction printer No special equipment is required as it can be printed on your office multifunction printer. With excellent printability comparable to conventional materials, you can rely on in-house print quality. Outsourcing costs are a burden, let’s bring production in-house. It eliminates the need for lamination and reduces workload Since lamination is not required, it reduces both labor and cost. Its excellent durability and water resistance also enable long-term use of posted materials. Lamination requires significant time and effort. 製品販売 Raw Material Final Product LIMEX Lamination-Free Sheet Contributes to global resource conservation with environmentally conscious materials Reducing the use of water, forests, and plastics previously required for conventional “paper + lamination” allows contribution to the conservation of the planet’s resources. Exploring initiatives for plastic reduction and decarbonization. Adopting Cases Major Convenience Store / Major High-end Hotels / Major Drug Store Franchises etc
16. © TBM Co., Ltd. 16 Purging Compound It is used to remove residual old resin, colorants, and carbonized matter remaining inside plastic molding machines, helping facilitate material changeovers and prevent defective products. About LIMEX A short clean time and with a small amount Excellent Cleaning Performance Compared with virgin plastic, it not only enables cleaning in a shorter time and with a smaller amount but also shortens the changeover time for the resin used in the next production run. Enables shorter changeover time before the next production run Environmentally Conscious by reducing GHG emissions Its high environmental effect By containing 65% or more inorganic substances such as calcium carbonate, it is expected to reduce plastic usage and GHG emissions, including CO2, compared with conventional purging compounds. Patented kneading technology enables a higher content of low-cost limestone, making it possible to reduce costs while maintaining performance equivalent to conventional purging compounds. A high limestone content enabled by patented kneading technology CO2 Raw Material Final Product Cost Reduction while maintaining performance equivalent to conventional purging compounds Adopting Cases Tier 1 automotive parts manufacturer / Office equipment parts manufacturer / Pipe manufacturing company / Building materials manufacturer / Electronic・electrical components and home appliance manufacturer
17. © TBM Co., Ltd. 17 PP (Polypropylene)-Based LIMEX for Spunbond Non-Woven Fabric Compared with conventional products, it reduces plastic usage and CO2 emissions. About LIMEX Achieves cost reduction through high filler loading LIMEX pellets offer excellent dispersibility and a small particle size, enabling high filler loading and contributing to cost reduction. Reduction of plastic usage Improved production efficiency Reduces cleaning frequency and operating costs Compared with conventional masterbatch, LIMEX can reduce machine cleaning frequency and lower operating costs. Sufficient strength through proprietary technology Proprietary processing technology ensures strength and physical properties. Formulation development, compounding, and molding technologies Compared with 100% virgin PP (polypropylene), LIMEX non-woven fabric can reduce plastic usage by approximately 53% and CO2 emissions across the entire life cycle by approximately 38%. Raw Material Final Product Adopting Cases Major Indonesian Spunbond manufacturer / A major cosmetics manufacturer / A major menswear chain
18. © TBM Co., Ltd. 18 ※Assumes a bag thickness of 20 μm or less | This is a calculated value assuming specific manufacturing conditions are met, not a guaranteed value | CO2 emissions assume processes from raw material procurement to disposal |Main reference for emission factors: LCI database IDEA version 3.2.0, IDEA Lab, Safety Science Research Institute, National Institute of Advanced Industrial Science and Technology | Pricing on par with conventional products. Combines practicality with high environmental performance. A versatile bag for diverse uses. Compared with conventional PE plastic bags, this product is expected to reduce the use of petroleum-based plastics as well as greenhouse gas emissions, including CO2. By quantifying the reduction, companies can clearly communicate measurable impact through PR and marketing activities.. Want to take further steps to reduce environmental impact Flexible proposals on strength and cost through component-ratio optimization Want to consider strength and cost while being environmentally conscious LimeAir Bag, made with LIMEX, uses TBM’s proprietary processing technology to be lighter than conventional PE plastic bags while maintaining the strength and material properties required for practical use. By adjusting the component ratio, we have delivered it at pricing on par with conventional products. Grocery Bag ・ Shopping Bag Raw Material Final Product About LIMEX By blending it with plant-derived plastics, it can significantly reduce the use of petroleum- based plastics even further. With 25% or more biomass PE, it has also been widely adopted for shopping bags. Quantify reductions in plastics and CO2 Want to understand the tangible impact of reducing environmental burden Bioplastic blending is also possible, For further reduction of environmental impact CO2
19. © TBM Co., Ltd. 19 ※Assumes a bag thickness of 20 μm or less | This is a calculated value assuming specific manufacturing conditions are met, not a guaranteed value | CO2 emissions assume processes from raw material procurement to disposal |Main reference for emission factors: LCI database IDEA version 3.2.0, IDEA Lab, Safety Science Research Institute, National Institute of Advanced Industrial Science and Technology | Balancing practical performance with high environmental value A trash bag that supports businesses through lightweight design and cost advantages By using our unique processing technology with inexpensive limestone, these bags are made lighter than conventional PE bags, cutting raw material use and lowering production costs. What are the specific effects of reducing environmental impact. Strength and physical properties achieved through unique processing technology Is quality guaranteed and up to standard Our unique processing technology makes these bags lighter than conventional PE bags, while still maintaining the strength and physical properties of conventional polyethylene bags. Trash Bag Raw Material Final Product About LIMEX 27% 23% CO2 Compared to conventional PE grocery bags, it is expected to reduce the amount of petroleum-based plastic used as well as Greenhouse gas emissions, including CO₂, throughout the entire lifecycle. Thanks to its limestone content, the price is comparable to conventional products Environmental products are often perceived as very expensive. Thanks to its limestone content, plastic and CO₂ are reduced Adopting Cases Major Sushi Franchises / Major Chinese Restaurants Franchises / Major dollar Franchises etc
20. © TBM Co., Ltd. 20 Sealant Film A film suitable for food packaging that incorporates LIMEX, an environmentally considerate material made primarily from limestone. Compared with conventional sealant films, it enables the design of packaging materials with superior environmental performance. About LIMEX Possible to manufacture packaging with improved tear-open performance After lamination, it improves tear-openability and allows smooth opening. The LLDPE type offers excellent easy-cut performance, while the low-temperature CPP type can additionally provide consecutive-cut performance. Enables smooth opening Eco-conscious through the replacement of petroleum-based plastics Reduction in greenhouse gas emissions, including CO2 Compared with conventional sealant films made from petroleum-based plastics, it can reduce the use of petroleum-based plastics as well as greenhouse gas emissions, including CO2, across the entire product life cycle, from raw material production to incineration. Compliant with the Food Sanitation Act Complies with the "Specifications and Standards for Foods, Food Additives, etc." under the Food Sanitation Act (Ministry of Health and Welfare Notification No. 370 of 1959). Compliant with standards, making it safe for use with food Raw Material Final Product Adopting Cases Ishii Foods Co., Ltd., etc.
21. © TBM Co., Ltd. 21 Adoption Cases More than 10,000 companies and municipalities use various LIMEX materials and products. LIMEX Business Menu (YOSHINOYA) Sealant Film (Ishii Food) Shopping Bag (Haneda Airport) Garbage Bag (APA Hotels & Resorts) Shopping Bag (Yodobashi Camera) Plastic Model Kit (BANDAI SPIRITS) Cosmetic Container (KENDO | LVMH Group)
22. © TBM Co., Ltd. 22 Company Overview Business Overview Addressing rapidly worsening global climate change and resource depletion, and realizing a decarbonized, circular society. In addition to promoting environmentally conscious new materials, we also promote the circulation of waste plastics. New Materials • R&D of eco-conscious materials • Manufacturing eco-conscious materials/products • Sales of eco-conscious materials/products Material Circulation • Acceptance & value purchase of waste plastics • Factory operation for material recycling of plastics and LIMEX • Provision of the Material Circulation Platform "Maar" Circular Economy Carbon Neutral
23. © TBM Co., Ltd. 23 Awards and PR & Media Achievements Highlighted as a Japanese Unicorn/Startup at International Conferences like G20 and COP Promotes Corporate Sustainability on a Global Scale, Wins Various Awards, and Featured in Numerous Media Outlets, including "Cambrian Palace“, a renouned Japanese TV show. © TBM Co., Ltd. Company Overview 2 PR Awards Media • Cambrian Palace (TV Tokyo) • Gaia no Yoake (TV Tokyo) • World Business Satellite (TV Tokyo) • On Japan (CNN)NHK World (NHK) • TIME • Newsweek • Forbes • Bloomberg • Nikkei, and many others EY Japan’s Entrepreneur Of The Year 2019: Exceptional Growth Category "Grand Prize" Joined the Japan Business Federation (Keidanren) Participates in the Unicorn Community at the World Economic Forum (Davos Meeting) Featured at the G20 and COP (Conference of the Parties to the UNFCCC) Achieved SBT Certification for the "1.5°C Target" in Greenhouse Gas Reduction Goals Signed "The Climate Pledge," an initiative launched by Amazon and others for climate action Achieved a "B" Score from the International NGO CDP for "Climate Change" and "Water Security" Recognized with the 2022 Logistics Award "Special Award" for Visibility of LIMEX Supply Chain Emissions and Scope 3 Plug and Play 2016「Social Impact Award」 Hosted by the Cabinet Office and Others First Japan Open Innovation Award: Minister of Economy, Trade and Industry Award Hosted by the Organization for Small & Medium Enterprises and Regional Innovation (SMRJ) Japan Venture Awards 2016: "Great East Japan Earthquake Reconstruction Award" Hosted by the Japan Association for Chemical Innovation (JACI) 18th Green & Sustainable Chemistry Award: Venture Company Award 2016
24. © TBM Co., Ltd. 24 A Japan-born Unicorn/startup in the GX Field, Developing Environmentally Conscious Materials and Material Circulation Business *1｜NEDO : New Energy and Industrial Technology Development Organization © TBM Co., Ltd. Subsidies and Grants Member Organization Company Overview - Establishment of TBM - Patent application for LIMEX filed Completion of the first production plant 2013 2011 2021 2015 2017 2021 2020 2022 250+ Number of Patents As of December 2024 250+ Number of Employees As of June 2025 10 Number of bases (including subsidiaries and JVs) 350+ Number of Printing Partners 150+ Number of Forming Partners 250+ Number of Recycling Partners - Launch of recycled material "CirculeX" - Started material circulation business Agreed to a ¥13.5 billion capital and business alliance with South Korean conglomerate SK Selected by METI as a project to promote the location of innovation centers Selected by NEDO for the Strategic Energy Conservation Technology Innovation Program Completed construction of second production plant as a project subsidized by METI Operation of Recycling Plant