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We would like to express our sincere gratitude to our shareholders for their continued support.

In its medium-term management plan “Direct Marketing Solution 2025” with the theme of “Transformation into a Direct Marketing Solution Company,” the Group is focusing on accelerating growth in the solutions business and promoting initiatives to solve environmental and social issues, under the two key policies of “promoting growth strategies by optimizing the business portfolio” and “promoting effective Responsibility Management.

In terms of business results for the first half of FY2023, although the e-commerce business struggled due to the normalization of socioeconomic activities and changes in consumer purchasing behavior, growth in the solutions business, which is a growth driver, and the promotion of business efficiency in core businesses enabled us to secure profits on par with the same period of the previous year despite lower net sales.

In the second half of FY2023, the business environment surrounding our group is expected to become even more challenging due to changes in consumer purchasing behavior as well as the continued severe cost environment of soaring raw material and resource prices and the historically weak yen. However, we will continue our efforts to strengthen our growth foundation and improve profitability under our medium-term management plan, aiming to continuously enhance our corporate value.

We would like to ask our shareholders for their continued understanding and support.

November 2023
President Tomohisa Tsurumi