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Our management philosophy is connecting people and society to the future with a smile and our management vision is becoming an infrastructure hub for a better life through the power of home appliances and ICT. To realize the goals of our philosophy and vision, we chose seven material issues (major challenges) that we should address first, due to their high impact on corporate value creation of the Joshin Group, as well as 14 issues to help resolve through our initiatives.
After determining which issues to tackle, we analyzed the risks and opportunities based on the perspectives of both our investors and stakeholders, organized the issues, and set long-term targets and KPIs, as well as action plans to reach the goals for every initiative. The Company will also use these initiatives to reach our material issue targets.
The Sustainability Committee works to achieve our management philosophy and our management vision by dealing with our highest priority initiatives and material issues, together with the progress of important department-spanning internal projects that support these initiatives. The committee also oversees financial and nonfinancial information for our business strategies and our ESG initiatives, among other items. To verify the viability of our business strategy with the target year of 2050, the committee investigates the financial plans for individual fiscal years leading up to 2030, which is the midpoint of the business strategy, and manages the progress of the targets and action plans.
The material issues were announced in 2021, and we revised some material issues and initiatives in 2023. We newly included the reason for selecting each initiative, and the relevant challenges and countermeasures, and reviewed our action plans and targets.
