To all shareholders, thank you very much for your ongoing support for GSI Creos. We have completed our business activities for Fiscal 2023. Therefore, we would like to take this opportunity to provide with a report on our business conditions.

Our group, based on our Purpose, “As a ‘Business Producer’ seeking quality of life for the next generation, we realize the happiness of all the people,” has been working to expand revenues through globally deploying high value-added businesses. As a result, our sales and profits increased year-on-year, and this was due to factors such as the growth of our Textile Business centering on transactions related to functional yarns and fabrics for innerwear and sales related to outerwear, as well as robust sales of products related to chemicals. As for net profit attributable to owners of the parent, in spite of the recording of an extraordinary loss related to an apparel e-commerce subsidiary, there was an increase from the previous year.

In regard to Fiscal 2024, which marks the final year of our mid-term management plan, even though the business environment has substantially changed compared with November 2021 when the plan was announced, we shall work hard for further improvements regarding the final target of “reaching new record-high net profit” and our corporate value, while demonstrating the strengths of our group to the greatest extent possible.

As such, we hope to receive your continued support and encouragement going forward.

President and CEO

Tadaaki  Yoshinaga