Dear shareholders and investors,

Looking at the operating environment influencing our business, despite ongoing geopolitical change, the market is projected to achieve medium- and long-term growth on strong semiconductor demand driven by the digitalization of society, which is spurring infrastructure development and advancements in information and communications technology. The market is also being propelled by trends related to autonomous vehicles and decarbonization.

Amid such an environment, last year our Group launched our Medium-Term Management Plan for FY2022 to FY2024, Phase 1 of our 2030 Vision. As an R&D-oriented company, we will implement the policies outlined in this plan based on the principle of creation and transform as we strive to become a true global company that achieves continuous growth by delivering visionary technology. In an environment of dramatic shifts in society such as the advancement of digitalization, the SDGs, and efforts to resolve environmental issues, we will contribute to the realization of a prosperous and healthy society by achieving new value creation through our global business activities. We have also declared our support for TCFD recommendations. As a member of the global community, we will increase our corporate value by cooperating with various stakeholders to build a track record of success that promotes industrial development and benefits future generations.

We are fully committed to addressing and contributing to the many issues facing society, and we ask for your continued support and guidance.

February 2023