A Message from the Management

Aiming to Become a Sound and Dynamic Corporation

Guided by its corporate philosophy, "Create a sound and dynamic corporation through technology, trust and challenge," the Ryobi Group seeks to establish itself as an indispensable existence by responding to the needs of customers and society, through innovative, top-quality products and services.

As 2022 unfolded, the normalization of socio-economic activities progressed thanks to the relaxation of movement restrictions and the spread of new norms regarding living with the risk of COVID-19 infection. However, the Company's Die Castings Business, which mainly serves automobile manufacturers, was negatively affected by the prolongation of the Ukraine situation and surges in raw material and resource prices along with restrictions on semiconductor and other parts supply.

Despite this ongoing uncertainty, the Ryobi Group is committed to securing sustainable improvement in corporate value. To this end, the Group has positioned "Environment," "Social" and "Governance" (ESG) as pillars of its management strategies. Also, with the global trend toward decarbonization now calling for the electrification of automobiles, we aim to help enhance fuel and energy efficiency as well as the realization of a recycling-oriented society via the provision of aluminum die castings that are lightweight and highly recyclable.

As Ryobi continues to expand and intensity its efforts to be a sound and dynamic corporation, we humbly ask for your continued understanding and support.

March, 2023

Akira Urakami
President and CEO

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