Happy New Year.

As a paradigm shift has been globally underway and business competition for mainstream business is intensifying, we have taken the step of transforming our business by going private last year through a strategic partnership with JIC Capital Ltd. (JICC) with an eye on the future growth of the company.

We will continue focusing on creatign long-term corporate value, leveraging our advanced technological development capabilities while enhancing the efficiency of business operation to deliver valuable products and solutions.

Our Digital Solutions segment, especially the semiconductor materials business, demonstrated strong growth and performance last year. Leveraging JSR's exceptional global talent and worldwide business foundation, we will further strengthen our competitiveness in the market. In the display materials business, we will concentrate on strategic products like alignment films to maintain a high market share. In the edge computing materials segment, we foresee business expansion with products such as near-infrared (NIR) films that improve smartphone camera quality. In the plastics segment, we will drive the growth of high-value-added products, using our unique technologies like the high-functional resin HUSHLLOY™. In the life sciences sector, although we faced a market downturn and temporary factors that impacted our profits last year, we will take the necessary measures to optimize this segment from a company-wide strategic perspective.

The JSR Group, having undergone business transformation, views environmental changes as opportunities. We are dedicated to establishing a resilient management foundation. Our commitment to pursuing sustainable value enhancement remains steadfast, as we aim to be a company trusted by all stakeholders.

We sincerely appreciate your continued guidance and support in the coming year.

Eric Johnson
Representative Director, CEO and President,

JSR Corporation