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To Our Shareholders

Akira Hayama

I would like to express our sincere thanks to our shareholders for their continued support.

The Group set “Enhance profitability by expanding IJ business and improving efficiency on a Group-wide basis” as its management objectives for the implementation of the 7th Medium-term Management Plan, which concluded in the fiscal year ended March 31, 2022.

Regarding the results for the fiscal year ended March 31, 2022, in the printing equipment business, sales in the inkjet business grew year on year, but sales in the digital duplicating business declined. Net sales increased overall due to the effects of yen depreciation. Operating income rose for the same reason, and as a result of efforts to reduce selling, general and administrative expenses.

During the fiscal year under review, the Group released the ORPHIS GL series, achieving the worldfs fastest color printing speed of 165 pages per minute to pursue even greater productivity, and the RISOGRAPH MH series of digital printers capable of two-color one-sided printing at 150 pages per minute in December 2021. We will continue to focus our sales activities on high-print-volume customers.

In addition to the 60-yen ordinary year-end dividend for the fiscal year under review, the Company has decided on a 40-yen dividend to commemorate the 75th anniversary of its founding on September 2, 2021, and express its gratitude for the constant support of its shareholders, to make a total year-end dividend of 100 yen per share for the fiscal year ended March 31, 2022.

The Group launched the 8th Medium-term Management Plan gRISO Vision 25h in the fiscal year ending March 31, 2023. With our management objectives, 1) Expand IJ business, and 2) Establish a solid customer oriented sales planning structure, we will continue to engage in enhancing profitability on a Group-wide basis.

In closing, I would like to ask our shareholders for their continued support.

June 2022
Akira Hayama
President & CEO

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