1. Current Status Assessment Since fiscal year 2020, our company has experienced PBR below 1.0x and ROE of 8% or below, and recognize shareholder capital cost at approximately 8–9%. 2. Responses Toward Improvement Moving forward, based on our current status assessment, using net profit margin on sales of 8.5% or above and total asset turnover of 0.7 times or above as target indicators, we aim to improve ROE through pursuing profitable growth strategies, asset efficiency enhancement, and enriched shareholder returns, thereby improving PBR. 3. Key Initiatives Going Forward (1) Pursuing Growth and Profit Generation 　・Promoting customized solutions to expand sales 　・Opening new distribution channels to further penetrate markets 　・Deploying region-specific strategies in overseas markets 　・Securing appropriate profits by properly reflecting cost increases in sales prices 　・Promoting cost reduction activities 　・Improving sales revenue per employee (2) Improving Asset Efficiency 　・Actively promoting development investments and human capital investment 　・Improving inventory turnover ratio (3) Maintaining Sound Financial Structure 　・Maintaining sound financial structure based on financial discipline (4) Stable and Continuous Shareholder Returns 　・Implementing stable shareholder dividends (target payout ratio of 40%)