Maruho Report 2023..................................................11...17Our Approach to Value CreationSpecial FeatureExpectations for MaruhoOverview of the Medium-Term Plan.....................1.......3.....................5..................9..............19.................213. Strategy for Value Creation...23R&D and Business DevelopmentProduction and Reliability Assurance..................................................25......274. Foundation for Sustainable GrowthSocialEnvironmentGovernanceBoard of Directors, Auditors, and Corporate Officers..................................................43............45.....................4711-year financial summaryFinancial StatementsBusiness Performance and Financial AnalysisMaruho Hatsujyo Kogyo Co., Ltd...........................51..................................................55...57Major Maruho Group Companies2Information1. Maruho’s Meaning of ExistenceCorporate Philosophy and Meaning of ExistenceDermatology and Our BusinessHistory and StrengthsMain Topics in the Fiscal Year Ended September 20232. Value Creation ProspectsMessage from the President & CEOSales, Marketing, and MedicalBusiness activities outside of prescription drugsSpecial FeatureAchieving Maruho’s vision for the future........................29...............................30...........................................33.................................37..................................39.................415. Financial/Company Financial/Non-financial HighlightsPublication of Maruho Report 2023Maruho Report 2023 is published by Maruho Co., Ltd. (hereinafter, “Maruho”) to report its activities. The objective of this report is to provide its stakeholders with details of the activities conducted by Maruho, as well as its growth strategies, financial and non-financial information, business overview, and contributions to society, and to make them understood.This report was prepared through cross-departmental cooperation among the Corporate Planning Dept. and other departments.Report periodFrom October 1, 2022 to September 30, 2023This report includes some activities not conducted during this period.ContentsEditorial policyI can wearmy favorite outfits!I enjoy talkingwith friends
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