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Message from the President

Greetings

Photo of Representative Director and President Yuichiro Haruyama

Creating New Value to Drive the J-Oil Mills Group's Medium- to Long-Term Growth

First of all, I would like to begin by expressing my sincere gratitude for your continued support and patronage.

At J-Oil Mills, I believe it is my mission to realize our vision—“Joy for Life: Bringing joy to the future by food”—by fulfilling med- to long-term growth strategy through meaningful dialogue with all our stakeholders, including consumers, customers, shareholders, investors, employees, and society at large.

We are now firmly in the era of “VUCA”, standing for volatility, uncertainty, complexity, and ambiguity. Since the start of the 2020s, we have faced drastic changes in external environment, such as changes in lifestyles brought on by the COVID-19 pandemic, and sharp fluctuations in raw material prices and the supply - demand balance within the oils and fats industry. Over the next 5 to 10 years, advancements in technologies, including AI technology, are expected to further transform our lives. I view these external changes not as threats, but as opportunities for our company to transform our business models and nurture new business domains. To that end, our growth strategy is focused on four pillars: enhancing profitability in our existing businesses, upgrading and diversifying our business portfolio, advancing our overseas business strategy, and investing in next-generation technologies and businesses.

Meanwhile, awareness of sustainability issues to rise on a global basis, creating new demands for food and nutrition. In response to these changes, we aim to further reinforce our unique strength—"Oishisa Design," or “creating deliciousness”—as a means of enhancing our business portfolio and helping our customers solve their respective challenges, while also contributing to developing of new food cultures.

To realize sustainable growth, we are also strengthening our management foundation by investing in human capital and promoting diversity. These efforts will enhance our organizational capabilities and creativity.

Tracing its roots back nearly 200 years, the J-Oil Mills Group has overcome various challenges thanks to the collective strength of our company. We are proud to inherit the DNA of our predecessors, who laid the groundwork for everything we have today. By combining the strengths of each and every individual at our company, we will continue to create new value and contribute to healthier, more fulfilling lives for people everywhere. I ask for your continued support and encouragement as we pursue this mission.

June 2025

Representative Director, President and CEO, Yuichiro Haruyama

Yuichiro Haruyama

We will create new value and achieve medium- to long-term growth for the J-Oil Mills Group.

I am President Haruyama. I would like to express my sincere gratitude for your continued patronage.

In order to realize our company's vision for the future, "Joy for Life®-Bringing joy to the future through food®," I believe it is our mission to achieve medium- to long-term business growth while promoting dialogue with all stakeholders, including consumers, customers, shareholders, investors, and employees.

We have entered an era known as VUCA*, where many unpredictable events have occurred. In the 2020s, we have experienced changes in lifestyle due to the COVID-19 pandemic, as well as drastic changes in raw material prices and supply-demand balance in the oil refining industry, but it is suggested that our lives will change even more dramatically over the next five to ten years due to technological developments such as AI. We view these changes in the external environment as an opportunity to transform our current business and to open up new business areas. As our growth strategy, I will implement the following: 1) Strengthening the profitability of existing businesses, 2) Enhancing our business portfolio, 3) Promoting our overseas business strategy, and 4) Investing in next-generation technologies and businesses.

In addition, with the rise in awareness of sustainability issues around the world, it is expected that the requirements for food will change significantly in the future. In response to such demands from society, we believe that by further deepening our differentiated strength, "Oishisa Design®," and enhancing our business portfolio, we can contribute to solving our customers' problems and building a new food culture.

In addition, in order to achieve medium- to long-term growth, we will strengthen our management foundations by investing in human capital and promoting diversity, thereby improving our organizational capabilities and creativity.

Tracing our origins, our history goes back about 200 years. Throughout that history, we have overcome many difficulties as a team. We hope to inherit the DNA of our predecessors who built the foundations of our group, pool the strengths of each individual, and create new value to contribute to the creation of healthy lives for everyone. We appreciate your continued patronage.

June 2025

Representative Director and President Yuichiro Haruyama

Yuichiro Haruyama