As we begin the year 2026, I extend my New Year's greetings.

1. Progress of the Medium-Term Management Plan 2025
Regarding the business portfolio transformation, which is the most significant challenge in the mid-term management plan, while numerical targets have not yet been achieved at this point, we recognize that groundwork for the next mid-term management plan has progressed.
The profitability of our traditional businesses supporting growth businesses has steadily strengthened. However, amid the maturation of domestic markets for chemicals and cement, we made aggressive investments both domestically and internationally to pursue development in growth businesses.
In the Electronic & Advanced Materials segment, we advanced overseas investments through joint ventures like FTAC, STAC, and OTSM* to meet demand for advanced semiconductors, thereby establishing foundations for the next Mid-Term Management Plan. In the Life Science segment, the launch of the dental composite resin "OMNICHROMA®" has placed dental materials and equipment business on a growth trajectory, and we are strengthening our business structure for the next phase of growth. Furthermore, through M&A from JSR Corporation, we welcomed the Medical & Biological Laboratories Co., Ltd. and MBL Materials Co., Ltd. into our group, advancing into the in vitro diagnostics and biochemistry fields.
In R&D, we are focusing on "winnable themes" capitalizing on our unique strengths to increase success rate. For projects entering the commercialization phase, we have revised our system to rapidly commercialize and transfer them to the business divisions. We will continue to pursue relentless reform, aiming to become a value-creating company.

*FTAC: Formosa Tokuyama Advanced Chemicals Co., Ltd., STAC: STAC Co., Ltd., OTSM: OCI Tokuyama Semiconductor Materials Sdn. Bhd.

2. Enhancing Productivity and Promoting AI Utilization
Improving productivity is essential for the sustainable growth of our group.
Recent advancements of AI have far exceeded our imagination. Efficiency gains extend beyond routine tasks to planning and R&D, fundamentally transforming work styles. We believe human roles will increasingly shift toward more value-creating activities.
In this context, what we call "intuition", the ability to discern what is essentially important from the vast information provided by AI, may become a crucial human capability. Intuition is cultivated through practice and experience; it cannot be acquired through classroom learning alone.
It is vital that each individual strives for self-improvement, maintains high engagement, and adopts an attitude of applying learning to their work.

3. Conclusion
Our new mid-term management plan will commence in fiscal year 2026. The world is changing rapidly, and we cannot afford to stand still. To adapt to these changes, we will strengthen our efforts in transforming our business portfolio, reforming our organizational culture, and addressing global warming.
The company's development depends on the growth of each individual and their ability to perform. I sincerely hope this year will be one where both you and the company can tangibly feel our mutual growth.