To all shareholders and investors

We sincerely appreciate your continued understanding and support for the Phil Company Group.

Currently, we are in what we call our "Third Founding Phase." In 2024, we established a new Purpose, Mission, and Values and initiated management reforms based on a medium-term management plan. During the first year of these reforms, we achieved tangible results, including record-high revenue (pending confirmation). This achievement was made possible thanks to the unwavering support of our shareholders and investors, for which we are deeply grateful.

In this second year of reform, we aim to build upon our previous efforts and accelerate progress. Our initiatives focus on the following two pillars:

Deepening Business Process Re-engineering and Strengthening Organizational Reforms

By enhancing specialization through functional segmentation, we are advancing "business process reforms" to maximize outcomes. At the same time, we are evolving "organizational reforms" by promoting work delegation within our growing organization of over 100 members, thereby improving employee engagement and aiming for further business scalability.

Driving Business Portfolio Transformation

Through active collaboration with diversified business partners, we are advancing "business portfolio transformation." This includes not only ensuring stable growth in our core Phil Park business but also expanding into the growing garage house market. We also serve with local governments to resolve collaboratively regional challenges. These efforts aim to drive sustainable growth and create long-term value.

Under our sustainability declaration, "Eliminating difficult-to-develop land to zero" we remain committed to addressing social challenges, building a foundation for sustainable growth, and striving for even greater achievements.

We look forward to your continued support and encouragement as we move　forward on this journey.