Medium-Term
Management Plan

Positioning of Our Business Plan

Long-term Vision 2048

Guideline	Become a one-of-a-kind company trusted, highly anticipated and selected by every stakeholders
Corporate Vision	To become a one-of-a-kind company that is irreplaceable from the customers’ point of view, with unique strength such as unique technology and products, that stand out from competitors. And to become a company essential to the society and highly trsuted and anticipated by every stakeholders.
	Corporate Image we aim for Employees　　　　　　 Company that respects employees and is trusted and contributed by employees Customers　　　　　　 Company the propose attractive products with its high quality standard and 　　　　　　　　　　　　one-of-a-kind technology Shareholders　　　　　 Company with stable growth of stock price based on high profitability Suppliers　　　　　　　 Company that realize mutual prosperity through transactions Financial Institution　　Company that runs stable business based on healthy financial strcuture Local Society　　　　　Company that contributes to society, is needed by society and coexists with society Natural Environment　　Environmentally friendly company that continues to develop sustainably

Medium-term Management Plan

The automotive industry, in which we belong, is undergoing a period of major transformation, and the business environment is becoming more severe due to changes in the profit creation structure and intensifying competition not just among existing competitors but with new entrants from other industries. In addition, the impact of the factors that worsened our business results during the period of our Fifth Medium-Term Management Plan, such as semiconductor supply shortages and turmoil caused by the prolonged situation in Russia and Ukraine, are expected to remain for the time being, and the difficult business situation expected to continue.

Amidst such circumstances, we have formulated our Sixth Medium-Term Management Plan with a three-year period starting from fiscal year ending March 2024, with the aim of building a corporate structure that can generate stable profits and grow even under difficult business environment by focusing on strengthening the management foundation that we have been working on until this day.