

To Shareholders and Investors
Converting rough seas to genuine growth opportunities
The Nittobo Group is in an environment that is right in the middle of a major transformation that is remarkable even in our history of more than 100 years. In a world where AI is seeing explosive growth and next-generation communication standards are evolving, there is strong demand for higher speed and lower power consumption in data communications, and there are high expectations for the low CTE glass and low DK glass that we have developed over the course of several decades. We are committed to linking this to growth by moving steadily forward with the necessary investments and responding to events with a sense of urgency.
Our operations cover a wide area outside glass fiber for use in electronic materials, and include the medical business, the composite materials business, the materials solution business, and the insulation materials business, through which we use our proprietary technology to respond to social issues in the domains of the environment and energy, digital technology, and health, security & safety.
The challenge of a global No. 1 niche businesses
Big VISION 2030 is the long-term vision for growth that we have formulated. We aim to become a corporate group that continues to create a global No. 1 niche businesses. Rather than simply pursuing scale, we unearth latent demand that nobody else has noticed, and use our proprietary technology to build positions that could only be achieved by Nittobo. We aim to be a peerless partner that is deeply trusted, and that makes customers all over the world glad that they chose Nittobo.
While continuing to invest for growth in the future, we will maintain the optimal balance with shareholder returns in the form of dividends, and aim to improve corporate value over the medium to long term. I am convinced that these will also result in improvements to indicators related to cost of capital, such as ROE and ROIC.
Overwhelming added value that only Nittobo can create
What we aim for is to create overwhelming added value that can be achieved only by Nittobo, and to be a presence that continues to support the evolution of society. We will continue to resolve social issues, accomplishing both sustainable growth and improvements in corporate value, and drawing a clear trajectory for the same.
Going forward, I urge you to expect great things from the challenges taken on by the Nittobo Group, and I ask you for the continuation of your benevolent oversight.