MinebeaMitsumi was founded in 1951 as Japan's first specialized manufacturer of miniature ball bearings. Since then, the company has come a long way, expanding into the electronics field and pursuing strategic growth through proactive M&A and business integrations. Today, MinebeaMitsumi stands as a one-of-a-kind, INTEGRATED precision components manufacturer with a unique business portfolio, ranging from ball bearings to motors, sensors, access products, and semiconductors.

I firmly believe that sustainability is the essence of company management. Since I took office as the President and CEO in 2009, we have focused on maximizing profitability while pursuing continuous growth and sustainability. Our commitment has also extended to strengthening a multi-faceted risk diversification structure in all aspects—business, human resource, and manufacturing. On the 70th anniversary of our founding, I established the Corporate Philosophy:

"To contribute to society by producing better products, with faster speed, in larger numbers, at lower cost and by smarter means,"

with the purpose of sharing a clearer understanding of our societal role. This philosophy underscores that pursuing sustainability is nothing other than putting our philosophy into practice. As stated in our company's credo, The Five Principles, I am convinced that fulfilling our social responsibility and giving back to our employees, customers, shareholders, as well as both local and international communities continuously contributes to the enhancement of our corporate's value.

We earnestly engages in efforts to achieve carbon neutrality by seeking to fulfill its social responsibility to attain both sustainability as a company and sustainability of the earth and society, as is set forth in its corporate philosophy. Particularly in recent years, we have been focusing on adopting renewable energy in Japan and abroad, notably at the Company's core plants in Thailand, the Philippines, and Cambodia. We work closely with local governments to reach a mutually beneficial outcome. We have initiated a 154 MW solar power generation business in Thailand involving investment of 17 billion yen, and a 50 MW solar power generation business in Cambodia's Pursat Province involving investment of 6 billion yen. In Cambodia, we project 100% renewable energy use with respect to electricity consumption both of our existing Cambodian plants and upon future expansion of plants. At our Ordinary General Meeting of Shareholders held in June 2024, we resolved to add a provision on renewable energy commercialization to our Articles of Incorporation to further strengthen efforts toward achieving carbon neutrality. We will continue to meet the environmental requirements of our customers and local communities while also reducing costs by achieving self-sufficiency of electric power.

Ultimately, it is our people who are at the root of our efforts to achieve our long-term targets for the fiscal year ending March 2029 and who support our growth leading up to MinebeaMitsumi's 100th anniversary. Furthermore, it is the INTEGRATION of our people that allows for INTEGRATION of the businesses and technologies that are at the core of our expansion. Each employee's high goals and aspirations, or "passion," are the energy that drives the business, the company, and society. In addition to identifying and developing the next generation of leaders through such initiatives, we have also been moving forward with initiatives that include updating our approach to performance evaluations under our HR systems to create workplace environments that empower employees to passionately take on new challenges. Our human resources management policy is firmly rooted in a "spirit of equality," which I believe culminates in opportunities for talented individuals to excel regardless of nationality or previous employment, thereby motivating employees with diverse backgrounds.

We will achieve further growth as an "INTEGRATED precision components manufacturer" and improve manufacturing and people's lives around the world. We will ensure that the next generation inherits our manufacturing DNA amassed throughout our 70-year history. We will promote INTEGRATION initiatives by unleashing and sharing the passion inherent in each and every employee. We sincerely appreciate your continued support.