Maruwn Corporation

Interview with the President

Maruwn Corporation Representative Director, President, and CEO Yutaka Kuwahara

I would like to express my deepest gratitude to you, our shareholders and investors, for your ongoing support, along with my best wishes for your further success.

I, Yutaka Kuwahara, have been appointed Representative Director, President, and CEO, to succeed Yasuji Araki (who now serves as Consultant) in this post.

In 2017, the Maruwn Group released its Long-term Management Vision for 10 years in the future. As a major goal, the Vision states: "We will continue to grow by 2% or more each year over the next decade, and we aim to 'power up' both the organization and individuals by 20% or more." In addition, towards achievement of the Long-term Vision, we are promoting Maruwn Innovation, a movement for innovation throughout the Maruwn Group by approaches in five aspects (business, mind, cost, IT, and work-style), under the banner "Innovation-5."

Our three-year Third Mid-term Business Plan* beginning in fiscal 2020 is our plan for execution of the Long-term Vision, and sets forth our basic policy and action plan. Upon a thorough examination of the impact exerted by the spread of COVID-19 on the business of the Maruwn Group, I intend to establish quantified targets based on this policy and plan, bolster our ability to adapt to environmental changes with the tough spirit needed to take up the challenge of innovation, make earnest efforts to attain these targets, and further heighten our corporate value.

In addition, I am committed to striving for achievement of sustained growth and higher corporate value over the medium and long terms for the Maruwn Group. To this end, I will make efforts to increase the transparency of our management through a both proper and prompt disclosure of information, with an awareness that our business activities rest on collaboration with our shareholders, customers, suppliers, and other stakeholders.

The COVID-19 pandemic broke out amid the deceleration of the world economy due to the trade friction between the United States and China, the spread of digitization, and the emphasis on corporate social responsibility in the aspects of the environment, society, and governance (ESG). As such, it made the political, economic, and social situation inside and outside Japan even more chaotic. In the post-COVID-19 business climate, different logistics needs are projected to arise along with developments such as the transformation of domestic and foreign economic activities, reviews of production systems and the structure of consumption in each country, and revisions of global supply chains.

At the helm, I will have to navigate a business environment with a very low transparency. However, I can assure you that I will devote myself wholeheartedly to the task of expanding the scope of our business and heightening our corporate value, and respectfully ask for your redoubled understanding of and support for our activities.

June 25, 2020