We will contribute to sustainable growth and the resolution of social issues.

Our corporate philosophy is "to contribute to the effective use of limited resources on planet Earth, creating new value of resources through surface modification of all kinds of materials, preserving the global environment, and realizing an affluent society." We have pursued innovation to enhance our surface modification technology according to the ever-evolving needs of our customers, contributing to not only our customers' businesses but also the development of industry and society.

In recent years the business environment has been changing rapidly, and conventional approaches are not enough to survive, let alone grow. There is a series of incidents such as the COVID-19 pandemic, the Russian invasion of Ukraine, dramatic advances in technology such as the development of AI, and other events unfolding before us which symbolizes the uncertainty of the future in this age of volatility, uncertainty, complexity, and ambiguity (VUCA).

To respond to those rapid changes, Nihon Parkerizing will return to the fundamental corporate philosophy which underpins our business. We will actively seek solutions to social issues as a specialist in surface modification technology while creating new value and promoting sustainability-oriented management to continue as a corporate group that develops and grows together with society. Starting with our Vision2030 formulated in May 2021, the Nihon Parkerizing Group has identified critical issues (materiality) from a perspective of pursuing sustainability. It has steadily established a philosophy for supporting sustainability-oriented management and setting targets for cutting greenhouse gas emissions as we aim for carbon neutrality. The Group has begun to take concrete steps, including adding measures related to critical issues to our fourth mid-term management plan, which began in FY2022.

One example I can introduce is the progress on the large-scale refurbishing of our Central Research Laboratories (CRL) in Hiratsuka, Kanagawa, with construction expected to be completed by the end of 2024. At the expanded CRL, we will utilize the latest equipment to strengthen the research and development of environmentally friendly products, and products and services for parts for electric vehicles (EV) together with our Group companies, thereby further contributing to reducing the environmental load throughout the entire supply chain through promoting utilization of these products and services.

The role and responsibility of corporations will be increasingly heavier to find solutions for various social problems which surface and become even more severe. The Nihon Parkerizing Group will do its utmost to contribute to creating sustainable growth and resolving social issues and be a company with trust from all stakeholders under our slogan of "transforming a diverse range of surfaces with chemistry."

We look forward to your continued cooperation and support.

Kazuichi Satomi
Chairman President & CEO
Nihon Parkerizing Co., Ltd.