58ManufacturingSales1.Maruho’s Meaning of ExistenceMaruhoHatsujo AsiaPte. Ltd.(Singapore)DevelopmentDevelopmentSalesManufacturingSales2.Value Creation ProspectsMaruho Deutschland GmbH (Germany)Biofrontera AG (Germany)*PT. Maruho Hatsujyo Batam(Indonesia)3.Strategy for Value Creation4.Foundation for Sustainable GrowthMaruho America Inc.(U.S.)Maruho Machinery Solutions, Inc.(U.S.)DevelopmentMachinery businessMedical devices andcomponents businessMachinery businessSales5.Financial/ Company InformationMaruho Medical, Inc.(U.S.)Maruho Israel Innovation Fund GmbH & Co. KG (Germany)Maruho Israel Innovation Labs LTD. (Israel)Maruho Hatsujyo Innovations, Inc. (U.S.)MaruhoRelucent, Inc.(U.S.)SalesDevelopmentManufacturingSalesMaruho Report 2023Springs businessSales(Germany)Maruho Deutschland GmbH Maruho Israel Innovation Fund GmbH & Co. KGBiofrontera AG*(Israel)Maruho Israel Innovation Labs LTD.(Thailand)Maruho Hatsujyo (Thailand) Co., Ltd.(Singapore)Maruho Hatsujyo Asia Pte. Ltd.(Indonesia)PT. Maruho Hatsujyo Batam(U.S.)Maruho America Inc.Maruho Medical, Inc.Maruho Hatsujyo Innovations, Inc. Maruho Machinery Solutions, Inc.Maruho Relucent, Inc.Maruho Plastics Solutions, Inc.DevelopmentInvestmentDevelopment supportManagementMedical devices and components businessDevelopmentManufacturingSalesMaruho Plastics Solutions, Inc.(U.S.)* Equity method affiliatesOverseasMaruhoHatsujyo(Thailand) Co., Ltd. (Thailand)
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