• Climate change• Resource shortages• Advancements in digital technology• Declining birthrate and • Drugs approved overseas • Pharmaceuticals with unstable quality/supply• Movement to lower Maruho Report 202317Solid presencein dermatologyStable financialfoundationsupportingsustainable growthStarting from its management resources cultivated over more than a century, Maruho continues to enhance its corporate value, contribute to people’s lives, and bring smiles to people’s faces through its established track record of success.2. Value Creation Prospects Our Approach to Value Creationaging populationbut not in Japan medical costsCommitment to lifeMaruho has contributed to society by listening closely to patients and sincerely addressing unmet needs in society. Our initiatives go beyond the field of dermatology to include business activities considerate of the natural environment as well as efforts to protect, maintain and improve the environment.Powerful foundation underpinning activitiesIn October 2022, we renewed our Mission and Values with the desire to share the future vision that we should strive for and commitment to contribute to better health for people through the efforts of all employees. Based on our new Corporate Philosophy and the powerful strengths that we have cultivated over a century, we continue to be a leader in dermatology.Societal needs and external environmentChallenges facing MaruhoManagement resourcesCorporate PhilosophyCreating value to bring smiles to the lives of people around the world
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