I would like to take this opportunity to thank you for your continued support.

With rapid changes in the socioeconomic and business environments surrounding the Seibu Group, we are entering the so-called “age of VUCA”, in which it is extremely difficult to predict the future. Under these circumstfances, and in view of the year 2035 which is approximately 10 years from now, we have defined “Resilience & Sustainability: Creating Invaluable Space and Time, Ensuring Safety and Security” as the Group’s aspiration, and formulated the new “Seibu Group’s Long-Term Strategy to 2035” to achieve this goal. We believe that by implementing the materiality (key themes) set forth in the new strategy, we will create “the unique character of the Seibu Group”, which will be the reason why customers choose our Group, and ultimately lead to value creation. We will continue to create value unique to the Seibu Group, and realize our vision of “Smiles ahead”. As CEO, I will continue to look to the future from a long-term and broad perspective, be mindful of capital efficiency, and strive to achieve sustainable growth while enhancing social and shareholder value.

I look forward to the continued support and encouragement from our shareholders.

Chairman and Representative Director
Chairman and CEO
SEIBU HOLDINGS INC.

I would like to express my sincere gratitude to our shareholders for your continued understanding and support to our business.

The Seibu Group decisively implemented reforms during the period of the previous medium-term management plan, which overlapped with the COVID-19 pandemic. All senior management members and employees of the Group worked together to overcome the difficult times. Under the newly formulated “Seibu Group’s Long-Term Strategy to 2035”, with the fiscal year 2035 in view, and the three-year “Medium-Term Management Plan (FY2024-FY2026)”, we will execute a growth strategy with the real estate business at the core, and shift from a business model assuming the ownership of real estate, to a business model in which the Seibu Group will continue to grow by liquidating and reinvesting the proceeds from real estate. By using the funds to promote redevelopment of urban areas and areas along Seibu Railway lines and the development of resort areas, Seibu Group will contribute to social development, create business opportunities in the Hotel & Leisure business and the Urban Transportation and Regional business, provide dreams and hopes to people's lives through our business, and aim to enhance the Group's medium- to long-term social value and shareholder value.
In terms of shareholder return, we will prioritize growth investments, while paying out stable dividends as well as increasing dividends through earnings growth, by making it our policy to pay out progressive dividends with a minimum DOE of 2.0%.

We look forward to your continued support for the Seibu Group.

President and Representative Director
President and COO
SEIBU HOLDINGS INC.