I am Takahiro YAMAMOTO, the president.

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

The novel coronavirus, which has been raging for the past three years, is finally on the verge of coming to an end, and people's lives are returning to normal. On the other hand, the situation in Russia and Ukraine with no end in sight, widespread inflation at a level not seen in decades, rapid rises in interest rates to curb it, and concerns about a global economic recession are making our company more vulnerable. The surrounding environment is becoming increasingly uncertain.

Under these circumstances, we have adopted the slogan "SUSTAINABLE GROWTH" and are moving forward with price revisions to ensure appropriate margins, as well as developing new products that meet new needs, in order to maintain a sustainable growth trajectory. We are working to build a foundation for recovery.

We look forward to your continued support and expectations for the Nansin Group.