Debt IR/IR initiatives

• Regarding financial results explanations to financial institutions, we continued to distribute explanatory materials as in the previous fiscal year, but we also proactively held individual face-to-face explanations. We have also endeavored to help shareholders better understand financial situation by improving our explanatory materials.
• With regard to debt IR for institutional investors, we provided explanations of financial results, business transactions, financial status, etc. through face-to-face meetings, telephone conferences, and web conferences.

We will continue to provide financial results explanations and debt IR on an ongoing basis in order to maintain communication with financial institutions and institutional investors. We will also take your feedback into consideration when improving our materials.

• For the fiscal year ended March 2023 and the second quarter of the fiscal year ended March 2024, we held a hybrid meeting (held at a venue and live online broadcast) to promote understanding of the company among shareholders and investors.
• One-on-one meetings with analysts and institutional investors were mainly conducted in remote environments such as web conferences, and we worked to deepen their understanding of the company by providing detailed explanations of our business performance and the market environment.
• In response to questions from investors and requests from the Tokyo Stock Exchange, we have endeavored to promote understanding of the company by including a page in our financial results presentation regarding "Measures to achieve management that takes into account capital costs and stock prices."
• To deepen understanding of the company, we have published an integrated report that adds non-financial information and the story of value creation to our traditional annual report.
• For the first time, we spoke at an IR seminar for individual investors, thereby invigorating IR activities for individual investors.
• We have striven to promote understanding of the company by updating research reports prepared by research companies on a quarterly basis.
• We have revamped corporate information website and strived to improve the information posted.

• We will consider holding financial results briefings in a format that allows more analysts and institutional investors to participate, and will continue to hold quarterly one-on-one meetings.
• This year is the final year of our medium-term management plan. We will strive to provide clear and detailed explanations of our progress toward our goals and future strategies to promote understanding of the company.
• We will consider and implement more proactive IR measures.
• We will incorporate the opinions of analysts and institutional investors into our integrated report and strive to improve its content from the previous fiscal year.
• We will endeavor to appropriately update the information posted on our corporate information website and to enrich the content.

Through these activities, we aim to promote understanding of the company among analysts, institutional investors, and individual investors, and to improve our corporate value.

• Shareholders and Investors