Guided by its Corporate Philosophy of "Contribute to healthy and enjoyable lifestyles through offering unique products derived from advanced milk technology," the Morinaga Milk Group is advancing its Sustainability Medium- to Long-Term Plan 2030 with the dual goals of resolving social issues through its business and sustainably enhancing corporate value.

The business environment is increasing in complexity today due to factors such as climate change, geopolitical risks, and demographic shifts. The expectations that society places on companies have also become more sophisticated and multifaceted than ever before. Against such a backdrop, the Morinaga Milk Group reviewed its sustainability promotion framework in 2025 to enhance its effectiveness. It has been a year since we transitioned to a structure centered on the Sustainability Committee, led by management, and the Sustainability Promotion Conference, led by the executive team. I feel that candid questions from outside experts and external directors are helping us view the Group's initiatives more objectively and steadily boosting our ability to turn discussion into action. I believe that bringing diverse perspectives into management is a driving force for enhancing the quality of sustainability management in an era of change. Under this new framework, we will advance sustainability management across the Morinaga Milk Group and throughout the supply chain.

For our business activities, we draw on proprietary technologies and expertise developed over many years, including our research into bifidobacteria, to deliver value tailored to health needs and lifestyles that are increasing in diversity. The Morinaga Milk Group announced its Well-being Statement in 2023, and as part of the review of the Sustainability Medium- to Long-Term Plan 2030, incorporated elements of well-being into the plan in 2025. With a focus on initiatives under "Food and Well-being," one of our three Materiality themes, we are aiming to contribute to healthy and enjoyable lifestyles. We view contribution to well-being not only as the creation of social value but also as an important management theme that supports our Group's sustainable growth. Going forward, we will continue striving to be a company that contributes to enhancing people's well-being, building on the nutritional expertise we have developed through milk and our research into ingredients that are unique to Morinaga Milk.

We will continue to further enhance our sustainability management through continued dialogue with our stakeholders. We will continue to take on challenges without fear of change and contribute to achieving a society that is both sustainable and supportive of well-being, precisely because we live in an era of increasingly complex social issues and growing uncertainty. I sincerely ask for your unwavering support going forward.