We would like to express our sincere gratitude to our shareholders and investors for their continued support of the Group.
On October 1, 2024, the Company merged with Nissin Sugar Co., Ltd. and ITOCHU Sugar Co., Ltd. as the surviving company. Furthermore, in October 2025, we plan to merge with our group company, DAIICHI TOGYO CO., LTD., by absorption. By concentrating the management resources and know-how within the group, we will strengthen our management structure to contribute to a rich life through food and health.

With the purpose of realizing ’Achieving “Well-being” by opening up the power and potential of sugar,’ the Company has formulated the medium-term management plan “WELLNEO Vision 2027,” which sets out the Company's desired future state.
This medium-term management plan has four strategic pillars: “Expansion of Food & Wellness Business,” “Strengthening Sugar’s foundation,” “Promotion of human capital management,” and “Promotion of sustainability management.” By working on these, we aim to achieve the “Well-being” of our various stakeholders.

In the “Food & Wellness Segment,” a new growth area, we will focus on providing a wide variety of functional materials and services and on research and development aimed at creating even more added value to contribute to improving people's quality of life through health promotion.

In the “Sugar Segment,” which is centered on the refined sugar business, we will strengthen our business base by prioritizing our social responsibility to provide a stable supply of safe and reliable sugar products, which are a daily necessity for consumers, while also working to quickly realize the synergistic effects of the business integration and improve profitability through measures such as pursuing greater management efficiency.

In addition, we will continue to work towards sustainable growth and further improve corporate value by promoting human capital management and sustainability management, as well as by conducting fair and highly transparent business operations to strengthen the management foundation that supports these businesses. We look forward to your continued support.

October 2024

Koji Yamamoto, President

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