Medium-Term Management Plan 2029

Portfolio transformation and profit improvement using “Three criteria for business selection” and “Three disciplined approaches in business operations”

Three criteria for business selection:Consistent with Vision, Competitive advantage, Potential for growth Three disciplined approaches in business operations:Pricing policy, Investment decision making, Asset optimization

Business performance targets

FY29 Target COI(Oku yen)5,700, Sales revenue(Oku yen)49,500, COI12%, ROIC8%

Business portfolio reform

Re-establish Chemicals Business as a growth driver

Business segment, COI2(Oku yen), CAGR, Key changes

Five-year profit growth outlook: breakdown by key measures

COI growth through the “Three disciplined approaches in business operations”

Measures driven by the Three disciplined approaches in business operations(Approx.1,400 Oku yen)

Rationalization｜Improvement of capital efficiency

Reduce fixed costs and working capital through standardization of operations and optimization of FTE

Our challenges, 5 years actions and FY29 targets

Social value｜Sustainability

On the right track to achieve the target for 2030

Sustainability targets to reduce environmental impact, GHG emission reduction targets and progress(Scope 1&2)

Human capital｜Our people

Assigning the right person for the right roles unleashing the potential of our human capital

Shareholder value｜Capital allocation policy

Delivering stable shareholder returns while strengthening financial resilience Promoting active investment in Chemicals Business

FY25-29 Cach in30,400 Oku yen（Operating CF1 96%） Cach out30,400 Oku yen（Shareholder return/Debt repayment Approx20%, Capital and financial investment Approx80%

Shareholder value｜ Enhancement of shareholder value

Improve profitability through the “Three disciplined approaches in business operations” and deliver sustainable shareholder value

Crowth:Growing markets×Drive areas of strength, ROIC:5%(FY24)→8%)FY29), Shareholder return:Strengthening shareholder returns based on dividends

November 13, 2024
Corporate strategy meeting「Vision & Strategy」

（Attachment）Vision & Strategy