We would like to express our deepest apologies once again for the misconduct by former executive officers and employees of the Company during the fiscal year under review, which has caused great concern and inconvenience to all of you.
All employees of the Group are united in strong determination to ensure that “we will never allow any misconduct to occur again” and are working together to implement measures to prevent recurrence and to reform our corporate culture. We will make every effort to regain the trust of our stakeholders by showing the results of these efforts.

I would like to report on our performance in the fiscal year ended March 2025.
The global economy as a whole was sluggish during this period due to the impact of conflicts in various parts of the world and rising inflation.
Production trends in the manufacturing sector in Japan, where the Group is located, lacked momentum overall due to the slow recovery in capital investment and semiconductor production in and outside Japan, although there were moves to reflect increases in raw material prices and personnel costs in selling prices.
In terms of the outlook, there was a growing awareness of risks associated with the transition of the US administration from the turn of the calendar year, leading to further intensification of uncertainty.

In this challenging operating environment, while focusing on securing earnings, the Group strengthened its operating base with an eye to further growth in the future based on the medium-term business plan NF2026 launched this fiscal year.
As a result, steady progress was made in the development of supply chains for Tech Market, expansion of AI/IT solutions, and business structure reforms, However, operating results were affected by a decrease in large projects, resulting in lower sales and respective profits compared to the same period last year.
For the fiscal year ending March 2026, although there are many risk factors that could have a significant impact on the operating environment of the Group, we expect expansion in Tech Market and the contribution of AI/IT solutions to our performance particularly in the second half of the year and beyond.
We will make every effort to achieve these goals while steadily implementing our strategies to further solidify our path towards sustainable value creation in the future.