Maruho Report 2023121.Maruho’s Meaning of ExistenceMaruho contributes to society through its strong presence as a pharmaceutical company specializing in dermatology. When I became president in December 2020, I made it my mission to bring smiles to patients by identifying unmet needs overlooked in society and deliver solutions that only Maruho can develop. In October 2022, we renewed our Corporate Philosophy and declared our intention to make higher quality contributions in Japan and worldwide.With the conclusion of the Fourth Medium-Term Plan at the end of September 2023, we are now embarking on a period that will mark a major transformation for our Company. During the three years of the Fifth Medium-Term Plan starting in October 2023, we will set the course for ongoing growth by increasing our product offering, launching new businesses, and expanding our overseas businesses. We also will be cultivating a new corporate culture.I would like to describe to stakeholders my own commitment to our objectives.I have seen Maruho from the inside for over 10 years since joining the company in 2012. In its 108-year history, I truly feel that Maruho has been a company that is constantly advancing and not afraid of change. This ethos is symbolized by our change in direction in 2002 from the original focus on orthopedics and surgery to our specialization in dermatology. The Company set topical drugs as its strategic domain and concentrated its management resources into establishing our current business model as a pharmaceutical company specializing in dermatology. That must have been a bold move, and I think the Company’s ability to put a unified effort behind a decision shows both the strength and appeal of Maruho.The Company has also carefully passed down the importance of considering the long-term perspective and the patient’s point of view. Dermatology still has many unknowns and patients have numerous unmet needs. A problem can be a very serious issue for a patient but may be neglected or 2.Value Creation Prospects3.Strategy for Value Creation4.Foundation for Sustainable Growth5.Financial/ Company InformationCommitment to shareholdersCorporate philosophy and culturethe momentum for further growthAlways advancing, never afraid to changeNow is the time to captureWe are committed to workingclosely with each individualto identify and fulfilltheir unmet needs
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