Kazuko Otsuki Messages

We launched the new JT-2028 Management Plan (hereafter, the “New Medium- Term Plan”) after falling short of our targets for profitability and capital efficiency indicators under the JT-2025 Management Plan (previous Medium-Term Plan). Under the new plan, Joshin Reborn Action 2026 in particular sets out a clear direction of streamlining assets and expanding intangible assets by closing unprofitable stores and reinvesting in human capital. As an outside director who is a certified public accountant, I particularly want to direct my energy to the rebuilding of the business foundation in the transformation phase, and the reduction of property, plant and equipment, focusing on whether these are leading to a solid increase in corporate value.

 

In the area of finance and accounting, I closely monitor risk management for the temporary losses arising from the closure of unprofitable stores, strict inventory assessments, and improvements in turnover rates, and in the area of capital policy, I closely monitor further improvements in ROE and the steady implementation of the reduction in cross-shareholdings. From the standpoint of governance, by conducting appropriate ROI monitoring of growth investments such as human capital, private-brand products, and tailored renovations, and effectively overseeing the optimal allocation of management resources and risk management, I aim to provide an impetus for a further increase in PBR and sustainable growth.

 

Even as we undergo a period of transformation in the home appliance retail industry, I want to hold on to the uniqueness of Joshin, sharing with all stakeholders our brand slogan of “Bringing smiles to people and communities,” while conducting careful oversight to ensure the successful implementation of the New Medium-Term Plan.