The Shindengen Group creates environmentally friendly products based on our growth strategy in line with our corporate mission of “maximizing energy conversion efficiency for the benefit of humanity and society.” In FY 2023, based on our 16th Medium Term Business Plan (a 3-year plan up to March 2025) management policies of building an earnings structure , building a foundation for expansion, and focusing resources on product groups which can reduce greenhouse gas emissions , we commenced mass production of new power semiconductor products that reduce energy consumption and power control units (PCUs) for use in two-wheel electric vehicles (EVs) in India. We also announced our new “MITUS” series of EV chargers and began marketing concealed AC chargers. The Shindengen Group is striving to enhance its corporate value by aiming to realize its Long-Term Vision 2030: “A power electronics company which creates environmentally friendly cutting-edge solutions via innovative technologies, contributes to a sustainable society, and continues to be needed by all stakeholders.” The Shindengen Group also promotes human capital management in line with its management philosophy of “Together with society, our customers, and our employees”. We believe that people’s growth is the source of our corporate value creation, and that the diverse and independent fusion of various forms of knowledge will lead to the creation of new value and continued growth. We are therefore implementing our human resources strategy under the theme of “connections” with the aim of achieving “individual growth and organizational vitality.” In March 2024 we established the “Shindengen Group Health Declaration .” By promoting the health management of our employees, we intend to stimulate their self-motivated improvement and growth as the driving force for our innovation in order to create a valuable future. It is my hope that this Sustainability Report helps facilitate your understanding of the Shindengen Group’s sustainability activities, and I would greatly appreciate your feedback.