MATSUDA SANGYO Co.,Ltd. is a Japan-based company mainly engaged in the precious metals business. The Company operates in two business segments. The Precious Metal-related Business segment is engaged in the recovery and smelting of precious metals, the sale of precious metal ingots and electronic materials, and the collection, transportation and processing of industrial waste. The Food-related Business segment is engaged in the sale of raw materials for food processing and the provision of logistics services. As of March 31, 2014, the Company had 14 subsidiaries and one associated company.