• The use of generative AI has grown rapidly in FYE 2025. Currently, over 500 employees in the Textile Company and its subsidiaries are using Google’s generative AI for business purposes alongside utilizing I-Colleague, which is an in-house AI of ITOCHU Corporation. Through efforts to integrate AI into daily operations and the implementation of AI web applications, more than half of AI users have confirmed an improvement in work efficiency. We will continue to utilize AI in more advanced business operations across a wide range of fields.
• Dome and EDWIN outlets have implemented an AI-based inventory optimization system. By efficiently managing inventory transfers between stores, it prevents stockouts and lost sales while reducing overall inventory levels, thus enhancing inventory efficiency. At Dome, 70% of inter-store transferred items were successfully sold, indicating that the proper number of items was not always delivered from the warehouse to the stores. At Edwin, the system was also used to set appropriate discount prices and timing, resulting in a 10-point increase in sell-through rate and higher gross profit during the Fall/Winter 2024 season.

• Climate Change Opportunities
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• To contribute to decarbonization in the shipping sector, we are developing an integrated project aimed at: (i) developing ammonia-fueled vessels, (ii) owning and operating ammonia-fueled vessels, (iii) establishing fuel supply chains, and (iv) procuring/producing clean ammonia.
• Test operation of first commercialized engine (for ammonia fueled large bulk carrier as our pilot project) with ammonia as a fuel was started from February 2025 at engine maker in Japan. Once the engine development progresses to a certain extent, discussions with relevant parties will be accelerated towards the order of the ship.
• Selected by the Singapore government as a potential bunkering operator in July 2024. Discussions, including the ordering of bunkering vessels, are ongoing towards the establishment of a bunkering business in the country. And the bunkering business in Spain is being promoted in collaboration with Peninsula Petroleum.
• In August 2024, the green ammonia production project utilizing existing ammonia facilities in Indonesia, jointly promoted with PUPUK Indonesia and Toyo Engineering, was selected as a target project for the Global South subsidy.
  Following the execution of the Front-End Engineering Design (FEED), discussions with relevant parties are ongoing towards the investment decision in FYE 2026.

• Climate Change Opportunities
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• As a partner in EVision, Isuzu’s total solution program for EVs, we have expanded our efforts to promote commercial EVs. In collaboration with iGRID Solutions Inc., we initiated a demonstration project in October 2024 to integrate EV operations with facility energy management.
• In the Ministry of the Environment’s commissioned project, Demonstration Project for Sector Coupling through the Combination of Battery Swapping EV Development and Renewable Energy Utilization, we achieved over 45,000km of cumulative deliveries. (25,000km increased compared to the previous year) As planned, the delivery demonstration operation concluded in December 2024. And we conducted an examination of the business model aimed at promoting the widespread adoption of EV trucks by eliminating charging time constraints through battery swapping.

• Climate Change Opportunities
• Capital Introduction
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• Resource recycling business
• Mining business
• Environmental business
• Materials-related business

• We will realize stable resource supply as our social mission and responsibility while fully considering its environmental impact.
• We will contribute to climate change issues through businesses that help to reduce greenhouse gases (e.g., lighter-weight vehicles and electric vehicles (EVs)) and the stable supply of essential materials.

• Take the lead in developing recycling-orientated business.
• Promote initiatives for the social implementation of hydrogen and ammonia, etc. as resources and raw materials that contribute to the decarbonization in client industries (e.g. steel and power).
• Promote businesses to contribute to the stable supply of nickel, PGM and other materials necessary in the manufacture and supply of hydrogen, green materials and energy, and storage batteries.
• Continue to be involved in the development of technologies that contribute to the reduction of greenhouse gas emissions, including technologies for carbon dioxide capture and storage (CCS) and carbon dioxide capture and utilization (CCU).
• Promote initiatives to completely withdraw from thermal coal mine interests while continuing to realize stable resource supply as our social mission and responsibility through trading in regards to our coal business.
• Implementation and expansion of businesses that contribute to developing lighter-weight vehicles and shifting to EVs (e.g., aluminum and copper).

• Promote recycling-orientated business.
• Promote initiatives for the social implementation of hydrogen and ammonia, etc. as resources and raw materials that contribute to the decarbonization in client industries (e.g., steel and power).
• Promote examination toward technological development and commercialization to contribute to a reduction in greenhouse gas emissions, including hydrogen, green material and energy production, and carbon dioxide capture and storage (CCS) and carbon dioxide capture and utilization (CCU).
• Strive to withdraw from thermal coal mine interests.
• Realize initiatives in businesses that contribute to developing lighter-weight vehicles and shifting to EVs (e.g., aluminum and copper).

• Together with JFE Steel, UAE’s largest steelmaker EMSTEEL, and others, we have promoted detailed feasibility studies for the establishment of a supply chain of ferrous raw material for green ironmaking with low carbon emission, which contribute to the decarbonization of the steel industry. In May 2024, we signed a Memorandum of Understanding with CSN Mineração S.A. [CM] in our Iron Ore Business in Brazil and NEXI concerning the decarbonization of the steel industry, which includes utilizing high-grade iron ore produced by CM.
• We are contributing to the effective utilization of limited resources and the supply of environmental materials by promoting 3R+W (reduce / reuse / recycle + waste management). Specifically, we are steadily promoting initiatives in venous industries. This includes the reuse and recycling of store facilities and fixtures, the expansion and increase in sophistication of metal scrap and waste treatment through the use of a nationwide network of recycling companies.
• We have invested in Everfuel of Denmark, who conducts the design, EPC, and operation of green hydrogen production facilities, distribution assets, and operation of hydrogen stations by using water electrolysis equipment, as well as the sale of hydrogen. In February 2025, we have commenced the first commercial production of green hydrogen, promoting the establishment of a locally-produced and consumed green hydrogen value chain.
• We are promoting the Platreef project and others in the PGM (platinum group metals)/nickel business where demand is expected to grow significantly due to the worldwide spread of electric vehicles and fuel cell vehicles, and also expanding trade activities of such materials.
• We continue to conduct a commercialization survey of a by-product hydrogen project in northern Kyushu with partners for the social implementation of hydrogen.
• We have an investment into Australia-based MCi, who possesses mineral carbonation technologies. We are promoting their technology for the market. In December 2024, we have completed the construction of the first demonstration plant capable of processing multiple raw materials such as waste concrete and steel slag to produce carbonates. In January 2025, we have signed a memorandum of understanding with Mitsubishi UBE Cement Corporation to promote the construction of manufacturing plants and the establishment of a supply chain for raw material procurement and sales.
• Agreement was signed with KOKO Networks, a Climate Technology Company Operating in Kenya, to support the generation of high quality carbon credits. In 2024, the first credits from our project with KOKO have been produced, and joint sales have been promoted.
• Steadily promoted aluminum trade business that contributes to automobile weight reduction and electrification. We have traded approx. 500,000 tons in FYE 2025, and promoted sales of environmentally friendly raw materials for aluminum.
• We decided to withdraw from thermal coal mine interests with a perspective of strengthening contribution and initiatives to SDGs. We already divested our Drummond mine interests in Colombia that had accounted for the majority of the ITOCHU’s thermal coal interests and also divested Ravensworth North coal mine interests in Australia producing both thermal and coking coal.

• Mining business
• Resource-related business
• Logistics business

• Promote an increase in efficiency of mine operations and facility management utilizing digital transformation.
• Promote conversion to the automatic operation of mining equipment such as underground mining equipment and dump trucks.

• We signed a memorandum to collaborate in decarbonization and digital transformation with Companhia Siderúrgica Nacional [CSN] and started demonstration experiment with the aim of contributing to increased safety, operational efficiency, and decarbonization at the iron ore mine (Casa de Pedra [CdP] Mine) that we have invested and CSN steel work.
• It began the full-scale operation of GE Digital’s operation and asset management software at the CdP Mine, improving the plant’s actual yield rate. We are currently considering to apply of the system at other operational sites and other regions.

• We will aim to improve productivity and increase business efficiency in the overall food-related field by promoting systemization of RPA and AI.
• We will aim to create innovative services and new business by integrating resources and new technologies of the ITOCHU Group.

• We will aim to improve productivity and increase business efficiency by introducing and utilizing new systems and new technologies focused on the food distribution field.
• We will create unique new value by combining the wide ranging product lineup, functions and expertise of our group based on retail customer needs.

• Status of promoting business reform in the food-related field with the introduction of AI, RPA and other systems.
• Status of promoting the development of new products and services through the food wholesale business developed by the ITOCHU Group.

• Increase the number of partnerships.
• Development and introduction of new services and businesses related to “Sustainability Transformation” and “Green Transformation”.

• Signed reseller agreements with 2 new vendors.
• Provide services and solutions that enhance the efficiency and flexibility of network operations and the utilization of data.
• With the aim of creating new businesses in the domains of “Sustainability Transformation” and “Green Transformation,” the company offers ERP solutions to support corporate sustainability management, ranging from the collection and analysis of corporate ESG data to the preparation of disclosure reports, while also providing support for the disclosure of non-financial information and consulting services to reduce CO₂ emissions.
• We are committed to further expand business to contribute to the realization of a safe, secure, and convenient social infrastructure.

• Tyr Energy Development Renewables, a renewable energy development company established in FYE 2023, is currently developing 25 assets with a capacity of 5GW of solar power in the United States.
• The U.S. wholly owned subsidiary, NAES Corporation, the world’s largest independent power plant operation and maintenance service company, provides asset management and operation & maintenance services for approximately 1,400 sites, including 2GW of solar power plants and 1.1 GW of wind power plants in the renewable energy sector.
• In June 2023, the US renewable fund was established. Through the fund, the first investment was made in a wind power plant in February 2024. Additionally, in September 2024, the second investment into solar and battery energy storage assets was agreed.
• As of March 2025, the ratio of renewable energy based on generation capacity share is 18.7%. (1.6% increased compared to the previous year)

• Climate Change Opportunities
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• To contribute to decarbonization in the shipping sector, we are developing an integrated project aimed at: (i) developing ammonia-fueled vessels, (ii) owning and operating ammonia-fueled vessels, (iii) establishing fuel supply chains, and (iv) procuring/producing clean ammonia.
• Test operation of first commercialized engine (for ammonia fueled large bulk carrier as our pilot project) with ammonia as a fuel was started from February 2025 at engine maker in Japan. Once the engine development progresses to a certain extent, discussions with relevant parties will be accelerated towards the order of the ship.
• Selected by the Singapore government as a potential bunkering operator in July 2024. Discussions, including the ordering of bunkering vessels, are ongoing towards the establishment of a bunkering business in the country. And the bunkering business in Spain is being promoted in collaboration with Peninsula Petroleum.
• In August 2024, the green ammonia production project utilizing existing ammonia facilities in Indonesia, jointly promoted with PUPUK Indonesia and Toyo Engineering, was selected as a target project for the Global South subsidy.
  Following the execution of the Front-End Engineering Design (FEED), discussions with relevant parties are ongoing towards the investment decision in FYE 2026.

• Climate Change Opportunities
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• As a partner in EVision, Isuzu’s total solution program for EVs, we have expanded our efforts to promote commercial EVs. In collaboration with iGRID Solutions Inc., we initiated a demonstration project in October 2024 to integrate EV operations with facility energy management.
• In the Ministry of the Environment’s commissioned project, Demonstration Project for Sector Coupling through the Combination of Battery Swapping EV Development and Renewable Energy Utilization, we achieved over 45,000km of cumulative deliveries. (25,000km increased compared to the previous year) As planned, the delivery demonstration operation concluded in December 2024. And we conducted an examination of the business model aimed at promoting the widespread adoption of EV trucks by eliminating charging time constraints through battery swapping.

• Water Resources
• Pollution Prevention and Resource Recycling

Water Field

• We are promoting seawater desalination business in Australia and Oman.

Environmental Field

• UK: Our operations encompass three municipal solid waste incineration and power generation facilities (Energy-from-Waste/EfW plants), processing 850,000 tons of waste annually. These plants provide electricity for 100,000 British households equivalent.
• Serbia: We set up first integrated waste management system in the Republic of Serbia. It contributes to the environmental issues such as greenhouse gases (GHG) (CO₂ equivalent) emission and polluted water leakage due to the inappropriate waste treatment. We have initiated an integrated waste management operation, including an EfW facility from July 2024. The project anticipates a reduction of approximately 210,000 tons of GHG emissions and has received Certification of Carbon Credit from the Gold Standard.
• UAE: We are currently operating the first EfW project in Dubai. These facilities are designed to process half of the Dubai’s municipal solid waste annually (1.9 million tons). The construction of this plant, the largest of its kind in the world, was successfully completed in August 2024.
• Saudi Arabia: We are actively engaged in integrated hazardous waste management services in Jubail Industrial City.

• Climate Change Opportunities
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• Climate Change Opportunities
• Capital Introduction
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• Resource recycling business
• Mining business
• Environmental business
• Materials-related business

• We will realize stable resource supply as our social mission and responsibility while fully considering its environmental impact.
• We will contribute to climate change issues through businesses that help to reduce greenhouse gases (e.g., lighter-weight vehicles and electric vehicles (EVs)) and the stable supply of essential materials.

• Take the lead in developing recycling-orientated business.
• Promote initiatives for the social implementation of hydrogen and ammonia, etc. as resources and raw materials that contribute to the decarbonization in client industries (e.g. steel and power).
• Promote businesses to contribute to the stable supply of nickel, PGM and other materials necessary in the manufacture and supply of hydrogen, green materials and energy, and storage batteries.
• Continue to be involved in the development of technologies that contribute to the reduction of greenhouse gas emissions, including technologies for carbon dioxide capture and storage (CCS) and carbon dioxide capture and utilization (CCU).
• Promote initiatives to completely withdraw from thermal coal mine interests while continuing to realize stable resource supply as our social mission and responsibility through trading in regards to our coal business.
• Implementation and expansion of businesses that contribute to developing lighter-weight vehicles and shifting to EVs (e.g., aluminum and copper).

• Promote recycling-orientated business.
• Promote initiatives for the social implementation of hydrogen and ammonia, etc. as resources and raw materials that contribute to the decarbonization in client industries (e.g., steel and power).
• Promote examination toward technological development and commercialization to contribute to a reduction in greenhouse gas emissions, including hydrogen, green material and energy production, and carbon dioxide capture and storage (CCS) and carbon dioxide capture and utilization (CCU).
• Strive to withdraw from thermal coal mine interests.
• Realize initiatives in businesses that contribute to developing lighter-weight vehicles and shifting to EVs (e.g., aluminum and copper).

• Together with JFE Steel, UAE’s largest steelmaker EMSTEEL, and others, we have promoted detailed feasibility studies for the establishment of a supply chain of ferrous raw material for green ironmaking with low carbon emission, which contribute to the decarbonization of the steel industry. In May 2024, we signed a Memorandum of Understanding with CSN Mineração S.A. [CM] in our Iron Ore Business in Brazil and NEXI concerning the decarbonization of the steel industry, which includes utilizing high-grade iron ore produced by CM.
• We are contributing to the effective utilization of limited resources and the supply of environmental materials by promoting 3R+W (reduce / reuse / recycle + waste management). Specifically, we are steadily promoting initiatives in venous industries. This includes the reuse and recycling of store facilities and fixtures, the expansion and increase in sophistication of metal scrap and waste treatment through the use of a nationwide network of recycling companies.
• We have invested in Everfuel of Denmark, who conducts the design, EPC, and operation of green hydrogen production facilities, distribution assets, and operation of hydrogen stations by using water electrolysis equipment, as well as the sale of hydrogen. In February 2025, we have commenced the first commercial production of green hydrogen, promoting the establishment of a locally-produced and consumed green hydrogen value chain.
• We are promoting the Platreef project and others in the PGM (platinum group metals)/nickel business where demand is expected to grow significantly due to the worldwide spread of electric vehicles and fuel cell vehicles, and also expanding trade activities of such materials.
• We continue to conduct a commercialization survey of a by-product hydrogen project in northern Kyushu with partners for the social implementation of hydrogen.
• We have an investment into Australia-based MCi, who possesses mineral carbonation technologies. We are promoting their technology for the market. In December 2024, we have completed the construction of the first demonstration plant capable of processing multiple raw materials such as waste concrete and steel slag to produce carbonates. In January 2025, we have signed a memorandum of understanding with Mitsubishi UBE Cement Corporation to promote the construction of manufacturing plants and the establishment of a supply chain for raw material procurement and sales.
• Agreement was signed with KOKO Networks, a Climate Technology Company Operating in Kenya, to support the generation of high quality carbon credits. In 2024, the first credits from our project with KOKO have been produced, and joint sales have been promoted.
• Steadily promoted aluminum trade business that contributes to automobile weight reduction and electrification. We have traded approx. 500,000 tons in FYE 2025, and promoted sales of environmentally friendly raw materials for aluminum.
• We decided to withdraw from thermal coal mine interests with a perspective of strengthening contribution and initiatives to SDGs. We already divested our Drummond mine interests in Colombia that had accounted for the majority of the ITOCHU’s thermal coal interests and also divested Ravensworth North coal mine interests in Australia producing both thermal and coking coal.

• Transition Risk
• Stable Supply of Resources

• Energy Storage System
• Power and Environmental Solution

• We will continue to sell Energy Storage Systems equipped with optimal charge and discharge software based on machine learning (AI).
• Composition of PV integrated storage systems and power storage facilities.

• Sold a cumulative total of approximately 63,000 units (615 MWh) of energy storage systems, as of the end of March, 2025.
• We are advancing the development and expansion of next-generation power trading, including VPP and P2P power transactions, as well as remote power demand and supply control utilizing AI.
• We are promoting the sale of industrial storage systems that contribute to the decarbonization of businesses in collaboration with overseas partner companies.
• In collaboration with Tokyo Metropolitan Government, we have established Japan’s first fund for utility scale energy storage and completed the recruitment of investors. We are focusing on building multiple individual projects, including those selected for subsidies from Tokyo.

• Stable Supply of Resources
• Capital Introduction

• Production and supply of hydrogen and fuel ammonia, and procurement and supply of renewable fuels
• Working on new energy initiatives

• Together with ITOCHU Oil Exploration Co., Ltd., we joined the Geological Carbon Dioxide Storage Technology Research Association and participated in research and development projects for this technology. The Japan Sea-side Tohoku Region CCS business concept was selected for the Joint Study on Japanese Advanced CCS Project a public offering project in FYE 2024 and Engineering Design Work for Japanese Advanced CCS Project in FYE 2025 by the Japan Organization for Metals and Energy Security (JOGMEC).
• We are currently discussing the feasibility of a CCS value chain project using ship transportation with our collaboration partners.

• Expanded the third party-owned distributed renewable power generation, across Japan through iGrid Solutions Co., Ltd., which operates approximately 1,110 on-site solar power plants (combined output of appx 275MW).
• Expanded the third party-owned distributed renewable power generation across Japan through Clean Energy Connect, Inc. which operates approximately 2,000 off-site solar power plants (combined output of appx 175MW).

• Residue input volume to the Dole Philippines biogas plant.
• GHG reduction amount by introduction of clean energy.

Result in FYE 2025

• Utilization of processed pineapple residue: 128,984 tons.
  Due to decrease of pineapple production, utilization quantity was less than last fiscal year.
• GHG reduction from Renewable Energy installation: 126,784t CO₂e
  Thanks to the utilization of biomass^*1, GHG reduction quantity got more than last fiscal year.

1. We utilize rice hull for the boiler as the alternative energy source of diesel.

• Pulp
• Woodchips
• Wood products & materials

• Capital Introduction
• Pollution Prevention and Resource Recycling

• We are currently in discussions concerning investment and participation in the slag business.
• In FYE 2025, global slag transactions will amount to 1.45 million tons.

• Conduct regular monitoring of employees’ work situations.
• Conduct employee engagement survey.
• Promote the percentage of taking employee acquiring paid leave.

• Compliance to labor laws.
• Rate of positive responses to the “employee engagement” item in the engagement survey: 70% or higher.
• Paid leave acquisition rate at 70% or higher.

• Conducted monitoring of employee’s working hours and working environment so as to prevent unpaid overtime work.
• The positive answer rate to the “employee engagement” in employment survey which conducted in FYE 2022 was 71%,in FYE 2019 was 76%,in FYE 2015 was 78%.
• Percentage of taking employee acquiring paid leave; 69.1% in FYE 2025.

• Establish well-equipped in-house clinics and a system for supporting each employee in receiving personalized medical care.
• Improve the lifestyle-related indicators (drinking, sleeping, smoking, etc.)
• Follow-up for health checkup consultation result.
• Promote support system for balancing cancer care and work with the partnership with the National Cancer Center Japan.
• Life security while absent or taking leave and providing scholarships.
• Grant special leave for cancer and designated intractable diseases.
• Establish international emergency medical structure.
• Conduct stress check every year.
• Conduct counselling by clinical psychologists.

• Improve the percentage of taking the cancer screening consultation and health checkup consultation.
• Improve presenteeism and absenteeism.
• Decrease in the number of employees taking absences and leave, and reduction in the job turnover rate.
• Decrease in the number of employees requiring specific health guidance and employees restricted from traveling overseas.
• Improve the utilization rate of the Cancer Treatment and Work-Life Balance Support Plan.
• Improve Sleep Restfulness.

• Percentage of employees who receive regular medical checkups in Japan: 92.2% (As of March 27th, 2025).
• Percentage of employees who take cancer screening consulation: 96.8% in FYE 2025.
• Percentage of employees who take detailed examination for physical findings: 100% in FYE 2024.
• Percentage of productivity loss due to presenteeism: 32.0% in FYE 2024.
• Average Days of absenteeism: 1.3days in FYE 2025.
• Number of employees taking leave due to mental health issues: 8 persons in FYE 2025.
• Percentage of employees who receive specific health guidance: 48.9% in FYE 2024.
• Percentage of employees utilize the Cancer Treatment and Work-Life Balance Suppor Plan: 83.3% in FYE 2025.
• Percentage of employees who get enough rest through sleep: 65.6% in FYE 2024.

• Continue to develop and provide training programs at all jobs levels.
• Continue and enhance overseas deployment of interns and language trainees.
• Offer diverse career path options and experience in diverse work through regular rotation.
• Foster career awareness among employees by enhancing personnel assessments, career vision training, career counselling systems and other programs/systems.

• Annual training-related expenses forecast: 2.45 Billion yen in FYE 2025.
• The number of employees who joined human development program（cumulative total number）56,831.
• Overseas dispatch rate for career-track employees in up to their eighth year since joining the company: 87.3%.
  (As of FYE 2018, there are 671 employees required to be dispatched, of which 586 have actual overseas dispatch experience.)

• Achieve the following plans by Year 2030.
  • (1) Female board of directors (including executive officers) as a percentage: 30%.
• Achieve the following plans by FYE 2026.
  • (2) Female employees as a percentage of workforce: 30%.
  • (3) Female employees as a percentage of new employees: More than 40%.
  • (4) Female employees as a percentage of employees in managerial positions: 10%.
  • (5) Percentage of male employees who take childcare leave: 100%.
• Achieve the following plans as of March 2025
  • (6) The percentage of employment of those with disabilities over our entire group: 2.5% (Includes ITOCHU Uneedus Co., Ltd. and ITOCHU Human Resources & General Affairs Services Inc.).
  • (1) to (5) are stipulated in the General Employer Action Plan under the Act on Promotion of Women’s Participation and Advancement in the Workplace.

• (1) Females Officers(including Executive Officers) as a percentage of all Officers: 21% as of March 2025.
• (2) Female employees as a percentage of workforce: 26% as of March 2025.
• (3) Female employees as a percentage of new employees: 39% in FYE 2025.
• (4) Female employees as a percentage of employees in managerial positions: 9.0% as of March 2025.
• (5) Percentage of male employees who take childcare leave: 96% as of March 2025.
• (6) The percentage of employment of those with disabilities over our entire group: 2.42% as of March 2025 (Includes ITOCHU Uneedus Co., Ltd. and ITOCHU Human Resources & General Affairs Services Inc.).

• (1) to (5) are stipulated in the General Employer Action Plan under the Act on Promotion of Women’s Participation and Advancement in the Workplace

• Introduced the following measures as a result of discussions at the Women’s Advancement Committee
  • Made it “mandatory” for male employees to take childcare leave (paid leave)
  • Accelerated Women’s Advancement (Special Appointment of Female Executive Officers, Development of Potential Candidates for Management Positions, Individual Support for Overseas Assignments)
  • Enhanced the utilization of femtech (e.g. subsidize for egg freezing fee and infertility treatment)
  • Renamed “Clerical Staff” to “Business Expert (BX).”
  • Strengthened Career Continuation Support (Childcare Support Allowance for Early Return to Work until the child reaches the age of 2)
• Furthermore, in 2025, completed the integration of its two existing women’s dormitories in the Tokyo metropolitan area into a newly constructed facility. The dormitory is used as a platform for internal networking and talent development.

• Mining
• Electric Power・Mining・Oil and Gas Fields

• We will promote sustainable development of natural resources by fully committing to EHS (environment, health, occupational safety) and harmonious coexistence with local communities in areas which our mines operate.
• We will improve local infrastructure such as medical care and education.

• Ensure the thorough application of the EHS guidelines and employee education.
• Contribute to local communities through activities for improving medical care, education and infrastructure.

• Implementation of annual internal seminars to ensure our employees are fully aware of the EHS guidelines.
  • EHS seminar attendance rate: 100%.
  • Rate of checks implemented on EHS compliance in existing and operating projects to be possessed in long term and new mining business: 100%.
• Donations to medical care and education, and building infrastructure in local communities.
  • Carry out CSR activities in all existing and operating projects to be possessed in long term (100%).

• We held internal EHS (environment, health and occupational safety) guidelines training courses for supervisors and staffs engaged in mining projects. The attendance rate of the training was achieved 100%.
• We checked the proper compliance to the EHS guidelines for one new project, nine existing projects, and one another resource-related project.
• We carried out social activities at the communities where our projects are located.

• We will promote procurement compliant with supplier-specific codes of conduct in coffee bean and cacao bean producing countries.
• We will strengthen the handling of oil certified by the RSPO - a third-party certification organization for palm oil.
• We will support the establishment of a promotion and distribution system in Japan for MSPO/ISPO in cooperation with domestic industrial associations. The aim of this is to encourage the use of certified oil systems in producing countries.

• Coffee beans: procurement ratio of FYE 2025:32%
  The coffee market has reached an all-time high, leading various client companies to reduce the usage ratio of certified raw materials for cost-cutting purposes. Although the handling ratio decreased compared to the previous year, the target value (over 30%) was achieved.
• Cacao beans (traceable products): procuremen ratio of FYE 2025: 65% (4,984 tons of traceable beans out of 7,728 tons total.)
• Palm oil: Check supplier’s sustainable palm oil sourcing policies through regular surveys, and continue purchasing based on our procurement policies. At the same time, we continue to publicize the ratio of RSPO certified Palm Oils and Traceable To Mill etc.
• Ratio of RSPO Certified Palm Products/Oleo chemicals of FYE 2025
  • Palm Oils 36%
  • Oleo Chemical Products 69%

Support Achievements to Each Producing Country (Qualitative)

• Coffee Beans:Next Generation Support/Ethiopia
  To contribute to the improvement of sanitary and educational standards in Ethiopia, the toilets at schools are constructed and the educational materials to preserve the history and culture of coffee are provided in the coffee bean production areas of Ethiopia.

• Forest
• Stable Supply of Resources

• Cultivate pineapples in Sierra Leone to develop a producing area followed by the development program in the Philippines.
• Start the commercial production and export of pineapple processed foods in Sierra Leone.

• Employment: 2,578 people as of March 2025
• Pineapple production: Approximately 12,000 tons in FYE 2025.
• Providing of medical treatment for local persons.
  Through a non-profit organization, with whom the partnership agreement is signed for medical collaboration, we provide maternal healthcare services to employees, their families, and local residents. (In FYE 2025, 199 children was born in our clinic)

• One vessel was added to existing MSC fisheries certification in February 2025.
• In FYE 2025, we handled 12,500 tons of MSC certified tuna in total. (Around 6% volume in total)
  (Reference)
  We have acquired the MSC fisheries certification for six fishing vessels as of July 2022, and MSC fisheries certification for an additional 19 fishing vessels in June 2023.

• Forest
• Supply Chain

• We will endeavor to establish measures to identify and avoid procuring rubber from any suppliers who dispossess indigenous people and develop High Conservation Value (HCV) areas, High Carbon Stock (HCS) areas and peatland.
• We support or offer a training to improve yields and quality for natural rubber producers, especially smallholders. We also offer a risk-assessment education that includes modern slavery issue.

• We will establish a traceability system to make uncertain raw material procurement supply chain transparent.
• We will achieve our commitment through the sustainability activity of our unique initiative “PROJECT TREE.”

• We aim to procure raw materials with traceability and sustainability ensured in our natural rubber processing business. (Aiming to achieve 100% traceability for the natural rubber raw materials which we procure by 2025 through an original block chain-based traceability system.)
• We will increase the number of smallholders implementing sustainability training and education, and contribute to achieving sustainability in the natural rubber industry.

• Traceability of the natural rubber raw materials’ procurement reported by suppliers reached 100%.
• Traceability of the natural rubber raw materials’ procurement using our system reached 24% of the monthly purchasing volume up to the smallholders.
• 11,991 of smallholders implemented sustainability training and education.

• Based on the performance from January to December 2024.

• In Shibata-machi, Miyagi Prefecture, a comprehensive gymnasium developed as a public-private partnership project (PPP) was opened in December 2024, and that will function as an evacuation center in case of a disaster.
• In Kuwana City, Mie Prefecture, another PPP is being promoted to construct an indoor swimming pool that contributes to the revitalization of the local community by consolidating school swimming lessons as well as expanding the functions of the sports park.
• In Kyoto Prefecture, a public-private partnership project (PPP) is underway to develop an arena that will function as designated evacuation shelter but also with logistics and storage hub in case of a disaster.

• Address Climate Change
• Develop a Rewarding Work Environment
• Respect and Consider Human Rights
• Contribute to Healthier and More Affluent Lifestyles
• Stable food procurement and supply

• Expand sales of DENBA Fresh Pro and DENBA Fryer in the super market and restaurant chain industry.
• Improve diffusion of DENBA Marine for ship warehouse.

• In 2024, approximately 1,450 units of DENBA Fresh Pro, DENBA+, and DENBA Fryer were sold, mainly to supermarket and restaurant chains. These products helped reduce food loss by preserving meat freshness in refrigerated showcases and cutting waste oil in deli sections.
• A total of eight units of the food freshness system have continuously been in use at children’s cafeterias since 2023.
• Around 150 new units of DENBA Marine, for ship food storage, were sold, bringing the total number of installations to over 400 units—an increase of more than 40 from the previous year.

• Continuing to maintain a stable supply of pharmaceutical raw materials and other products to pharmaceutical manufacturers in Japan and overseas and support for launch some new generics products by ITOCHU CHEMICAL FRONTIER Corporation.(launched in FYE 2025: generic anticancer drug, generic antiepileptic drug, and generic hypercholesterolemic drug)
• We have continued to sell a pain reliever in North America through ITOCHU CHEMICAL FRONTIER Corporation.
• ITOCHU CHEMICAL FRONTIER received the 2024 TOP ESG Supplier Award from GE HealthCare Technologies (the world’s largest contrast media manufacturer) for its stable supply of iodine, including recycled products.

• Support pharmaceutical development projects
• Preventative healthcare-related business
• Medical healthcare IT business
• Sales of Cutting-Edge medical devices and provision of medical services

• We will provide value-added services for pharmaceuticals and medical sites, and will contribute to the improvement of people’s quality of life (QOL) by utilizing cutting-edge ICT tools.
• We aim to improve quality of life by providing cutting-edge medical devices and advanced medical services in the field of medical care, where technologies are innovated rapidly.

• We will optimize healthcare utilizing medical data.
• Promote sales of advanced medical devices, and the business of supporting the operation of designated regional cancer care hospitals.

• Realization of new services and business development relating to medical data.
• Increased penetration of medical devices that enhance quality of life, such as scalp cooling therapy systems.

• Growth Rate of Outstanding Lending
  As the end of January 2025 compared to the end of March 2024

  • UAF: 98.3%
  • EasyBuy: 98.0%
  • FRF: 111.7%
  • ACF: 105.7% *Operation started in 2018
• FRF and ACF remained steady. On the other hand, UAF is affected by the slump in personal consumption in Hong Kong. And EasyBuy is experiencing a decline in loan balances due to central bank regulations on household debt in Thailand.

• The environmental impact of handling recycled polyester through the RENU project is as follows (estimated for FYE 2025). Waste volume to be made into “RENU”: equivalent to 6.2 million T-shirts, CO₂ reduction: 1,906 tons, Water usage reduction: 6,416 kiloliters.
• Approximately 4,300 collection points for “Wear to Fashion”, the clothing recycling service (as of March 2025).
• We are currently operating a joint project called the “ARChemia Project”, which involves textiles and chemicals, and transforms used clothing into chemical products with high environmental added value. To date, more than 10 companies have adopted this project, and we are continuing to promote its expansion.

• Production began in 2022 at the Western Ridge iron ore deposits, which we acquired a partial interest from major resource company BHP. In 2024, we are promoting the introduction of new equipment installation and infrastructure construction. The South Flank iron ore deposit, which began production in 2021, continues to operate smoothly, and in 2024, it is on track to establish an annual production capacity of 80 million tons as planned. In the Western Australian Iron Ore Operations, various measures are being promoted to ensure a stable supply, improve productivity, and to maintain and strengthen cost competitiveness.
• In 2024, we executed an increase in our stake in Iron Ore Business in Brazil (CM), which produces high-grade iron ore rich in iron on a large scale and at low cost. This strengthens the stable supply system of high-grade iron ore, contributing to the decarbonization of steel.
• Commercial production began in 2023 at the Allegheny coking coal mine in the USA, in which we invested in 2019 for the purpose of securing a stable supply of high-quality steelmaking raw materials. In 2024, efforts are underway mainly to stabilize operations, including improvements to the mine’s environment.

• Mining
• Electric Power・Mining・Oil and Gas Fields

• We will promote sustainable development of natural resources by fully committing to EHS (environment, health, occupational safety) and harmonious coexistence with local communities in areas which our mines operate.
• We will improve local infrastructure such as medical care and education.

• Ensure the thorough application of the EHS guidelines and employee education.
• Contribute to local communities through activities for improving medical care, education and infrastructure.

• Implementation of annual internal seminars to ensure our employees are fully aware of the EHS guidelines.
  • EHS seminar attendance rate: 100%.
  • Rate of checks implemented on EHS compliance in existing and operating projects to be possessed in long term and new mining business: 100%.
• Donations to medical care and education, and building infrastructure in local communities.
  • Carry out CSR activities in all existing and operating projects to be possessed in long term (100%).

• We held internal EHS (environment, health and occupational safety) guidelines training courses for supervisors and staffs engaged in mining projects. The attendance rate of the training was achieved 100%.
• We checked the proper compliance to the EHS guidelines for one new project, nine existing projects, and one another resource-related project.
• We carried out social activities at the communities where our projects are located.

• Stable Supply of Resources
• Capital Introduction

• Production and supply of hydrogen and fuel ammonia, and procurement and supply of renewable fuels
• Working on new energy initiatives

• We will promote procurement compliant with supplier-specific codes of conduct in coffee bean and cacao bean producing countries.
• We will strengthen the handling of oil certified by the RSPO - a third-party certification organization for palm oil.
• We will support the establishment of a promotion and distribution system in Japan for MSPO/ISPO in cooperation with domestic industrial associations. The aim of this is to encourage the use of certified oil systems in producing countries.

• Coffee beans: procurement ratio of FYE 2025:32%
  The coffee market has reached an all-time high, leading various client companies to reduce the usage ratio of certified raw materials for cost-cutting purposes. Although the handling ratio decreased compared to the previous year, the target value (over 30%) was achieved.
• Cacao beans (traceable products): procuremen ratio of FYE 2025: 65% (4,984 tons of traceable beans out of 7,728 tons total.)
• Palm oil: Check supplier’s sustainable palm oil sourcing policies through regular surveys, and continue purchasing based on our procurement policies. At the same time, we continue to publicize the ratio of RSPO certified Palm Oils and Traceable To Mill etc.
• Ratio of RSPO Certified Palm Products/Oleo chemicals of FYE 2025
  • Palm Oils 36%
  • Oleo Chemical Products 69%

Support Achievements to Each Producing Country (Qualitative)

• Coffee Beans:Next Generation Support/Ethiopia
  To contribute to the improvement of sanitary and educational standards in Ethiopia, the toilets at schools are constructed and the educational materials to preserve the history and culture of coffee are provided in the coffee bean production areas of Ethiopia.

• Forest
• Stable Supply of Resources

• Cultivate pineapples in Sierra Leone to develop a producing area followed by the development program in the Philippines.
• Start the commercial production and export of pineapple processed foods in Sierra Leone.

• Employment: 2,578 people as of March 2025
• Pineapple production: Approximately 12,000 tons in FYE 2025.
• Providing of medical treatment for local persons.
  Through a non-profit organization, with whom the partnership agreement is signed for medical collaboration, we provide maternal healthcare services to employees, their families, and local residents. (In FYE 2025, 199 children was born in our clinic)

• One vessel was added to existing MSC fisheries certification in February 2025.
• In FYE 2025, we handled 12,500 tons of MSC certified tuna in total. (Around 6% volume in total)
  (Reference)
  We have acquired the MSC fisheries certification for six fishing vessels as of July 2022, and MSC fisheries certification for an additional 19 fishing vessels in June 2023.

• Reduction of waste at the production site (Philippines)
• Reuse of discarded bananas (Japan)

Result in FYE 2025

• Reuse of waste bananas in Philippines: 25,003 tons
• The consumption volume of discarded bananas in Japan: 2,045 tons
  Thanks to the utilization of off spec banana and the expansion of "Mottainai" project, the reuse volume was increased compared with last fiscal year.

• Pulp
• Woodchips
• Wood products & materials

• Forest
• Supply Chain

• We will endeavor to establish measures to identify and avoid procuring rubber from any suppliers who dispossess indigenous people and develop High Conservation Value (HCV) areas, High Carbon Stock (HCS) areas and peatland.
• We support or offer a training to improve yields and quality for natural rubber producers, especially smallholders. We also offer a risk-assessment education that includes modern slavery issue.

• We will establish a traceability system to make uncertain raw material procurement supply chain transparent.
• We will achieve our commitment through the sustainability activity of our unique initiative “PROJECT TREE.”

• We aim to procure raw materials with traceability and sustainability ensured in our natural rubber processing business. (Aiming to achieve 100% traceability for the natural rubber raw materials which we procure by 2025 through an original block chain-based traceability system.)
• We will increase the number of smallholders implementing sustainability training and education, and contribute to achieving sustainability in the natural rubber industry.

• Traceability of the natural rubber raw materials’ procurement reported by suppliers reached 100%.
• Traceability of the natural rubber raw materials’ procurement using our system reached 24% of the monthly purchasing volume up to the smallholders.
• 11,991 of smallholders implemented sustainability training and education.

• Based on the performance from January to December 2024.

• Capital Introduction
• Pollution Prevention and Resource Recycling

• We are currently in discussions concerning investment and participation in the slag business.
• In FYE 2025, global slag transactions will amount to 1.45 million tons.

• Expand supply channels in order to realize a sustainable and stable procurement of resources.
• Reinforce promotional activities in order to raise the awareness of secondhand mobile phones/tablets.

• Expand product variation and supply channels.
• Expand distribution outlets.

• Product Handling Models: Increased from 856 models in FYE 2024 to 947 models in FYE 2025.
• Procurement Sources: Maintained at 12 companies from FYE 2024 to FYE 2025.
• Distribution Channels: Expanding sales channels through major e-commerce operators in addition to our own e-commerce site.

• Appoint several outside Directors, who have a high level of independence that fulfills our independence criteria and are expected to contribute to the company management with a high level of knowledge in their respective fields.
• Maintain a highly transparent and objective Directors’ and officers’ remuneration system, which can increase their motivation to contribute to our medium- and long-term improvement of our company’s performance and the improvement of our corporate value.

• We have maintained the diversity of the Board of Directors (always appointing one third or higher percentage of outside Directors- four outside Directors out of 11 Directors, two female Directors out of 11 Directors, two female Audit & Supervisory Board Members, and an outside Director and an outside Audit & Supervisory Board Member with a wide range of sufficient experience in corporate management).
• The majority (four out of seven members) of the Governance, Nomination and Remuneration Committee and its chair continue to be outside Directors.
• The chair of the Women’s Advancement Committee continues to be a female outside Director; half of the members are outside Directors and outside Audit & Supervisory Board Members, and half of the members are female (3 out of 6 in each case).

• The use of generative AI has grown rapidly in FYE 2025. Currently, over 500 employees in the Textile Company and its subsidiaries are using Google’s generative AI for business purposes alongside utilizing I-Colleague, which is an in-house AI of ITOCHU Corporation. Through efforts to integrate AI into daily operations and the implementation of AI web applications, more than half of AI users have confirmed an improvement in work efficiency. We will continue to utilize AI in more advanced business operations across a wide range of fields.
• Dome and EDWIN outlets have implemented an AI-based inventory optimization system. By efficiently managing inventory transfers between stores, it prevents stockouts and lost sales while reducing overall inventory levels, thus enhancing inventory efficiency. At Dome, 70% of inter-store transferred items were successfully sold, indicating that the proper number of items was not always delivered from the warehouse to the stores. At Edwin, the system was also used to set appropriate discount prices and timing, resulting in a 10-point increase in sell-through rate and higher gross profit during the Fall/Winter 2024 season.

• Climate Change Opportunities
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• To contribute to decarbonization in the shipping sector, we are developing an integrated project aimed at: (i) developing ammonia-fueled vessels, (ii) owning and operating ammonia-fueled vessels, (iii) establishing fuel supply chains, and (iv) procuring/producing clean ammonia.
• Test operation of first commercialized engine (for ammonia fueled large bulk carrier as our pilot project) with ammonia as a fuel was started from February 2025 at engine maker in Japan. Once the engine development progresses to a certain extent, discussions with relevant parties will be accelerated towards the order of the ship.
• Selected by the Singapore government as a potential bunkering operator in July 2024. Discussions, including the ordering of bunkering vessels, are ongoing towards the establishment of a bunkering business in the country. And the bunkering business in Spain is being promoted in collaboration with Peninsula Petroleum.
• In August 2024, the green ammonia production project utilizing existing ammonia facilities in Indonesia, jointly promoted with PUPUK Indonesia and Toyo Engineering, was selected as a target project for the Global South subsidy.
  Following the execution of the Front-End Engineering Design (FEED), discussions with relevant parties are ongoing towards the investment decision in FYE 2026.

• Climate Change Opportunities
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• As a partner in EVision, Isuzu’s total solution program for EVs, we have expanded our efforts to promote commercial EVs. In collaboration with iGRID Solutions Inc., we initiated a demonstration project in October 2024 to integrate EV operations with facility energy management.
• In the Ministry of the Environment’s commissioned project, Demonstration Project for Sector Coupling through the Combination of Battery Swapping EV Development and Renewable Energy Utilization, we achieved over 45,000km of cumulative deliveries. (25,000km increased compared to the previous year) As planned, the delivery demonstration operation concluded in December 2024. And we conducted an examination of the business model aimed at promoting the widespread adoption of EV trucks by eliminating charging time constraints through battery swapping.

• Climate Change Opportunities
• Capital Introduction
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• Resource recycling business
• Mining business
• Environmental business
• Materials-related business

• We will realize stable resource supply as our social mission and responsibility while fully considering its environmental impact.
• We will contribute to climate change issues through businesses that help to reduce greenhouse gases (e.g., lighter-weight vehicles and electric vehicles (EVs)) and the stable supply of essential materials.

• Take the lead in developing recycling-orientated business.
• Promote initiatives for the social implementation of hydrogen and ammonia, etc. as resources and raw materials that contribute to the decarbonization in client industries (e.g. steel and power).
• Promote businesses to contribute to the stable supply of nickel, PGM and other materials necessary in the manufacture and supply of hydrogen, green materials and energy, and storage batteries.
• Continue to be involved in the development of technologies that contribute to the reduction of greenhouse gas emissions, including technologies for carbon dioxide capture and storage (CCS) and carbon dioxide capture and utilization (CCU).
• Promote initiatives to completely withdraw from thermal coal mine interests while continuing to realize stable resource supply as our social mission and responsibility through trading in regards to our coal business.
• Implementation and expansion of businesses that contribute to developing lighter-weight vehicles and shifting to EVs (e.g., aluminum and copper).

• Promote recycling-orientated business.
• Promote initiatives for the social implementation of hydrogen and ammonia, etc. as resources and raw materials that contribute to the decarbonization in client industries (e.g., steel and power).
• Promote examination toward technological development and commercialization to contribute to a reduction in greenhouse gas emissions, including hydrogen, green material and energy production, and carbon dioxide capture and storage (CCS) and carbon dioxide capture and utilization (CCU).
• Strive to withdraw from thermal coal mine interests.
• Realize initiatives in businesses that contribute to developing lighter-weight vehicles and shifting to EVs (e.g., aluminum and copper).

• Together with JFE Steel, UAE’s largest steelmaker EMSTEEL, and others, we have promoted detailed feasibility studies for the establishment of a supply chain of ferrous raw material for green ironmaking with low carbon emission, which contribute to the decarbonization of the steel industry. In May 2024, we signed a Memorandum of Understanding with CSN Mineração S.A. [CM] in our Iron Ore Business in Brazil and NEXI concerning the decarbonization of the steel industry, which includes utilizing high-grade iron ore produced by CM.
• We are contributing to the effective utilization of limited resources and the supply of environmental materials by promoting 3R+W (reduce / reuse / recycle + waste management). Specifically, we are steadily promoting initiatives in venous industries. This includes the reuse and recycling of store facilities and fixtures, the expansion and increase in sophistication of metal scrap and waste treatment through the use of a nationwide network of recycling companies.
• We have invested in Everfuel of Denmark, who conducts the design, EPC, and operation of green hydrogen production facilities, distribution assets, and operation of hydrogen stations by using water electrolysis equipment, as well as the sale of hydrogen. In February 2025, we have commenced the first commercial production of green hydrogen, promoting the establishment of a locally-produced and consumed green hydrogen value chain.
• We are promoting the Platreef project and others in the PGM (platinum group metals)/nickel business where demand is expected to grow significantly due to the worldwide spread of electric vehicles and fuel cell vehicles, and also expanding trade activities of such materials.
• We continue to conduct a commercialization survey of a by-product hydrogen project in northern Kyushu with partners for the social implementation of hydrogen.
• We have an investment into Australia-based MCi, who possesses mineral carbonation technologies. We are promoting their technology for the market. In December 2024, we have completed the construction of the first demonstration plant capable of processing multiple raw materials such as waste concrete and steel slag to produce carbonates. In January 2025, we have signed a memorandum of understanding with Mitsubishi UBE Cement Corporation to promote the construction of manufacturing plants and the establishment of a supply chain for raw material procurement and sales.
• Agreement was signed with KOKO Networks, a Climate Technology Company Operating in Kenya, to support the generation of high quality carbon credits. In 2024, the first credits from our project with KOKO have been produced, and joint sales have been promoted.
• Steadily promoted aluminum trade business that contributes to automobile weight reduction and electrification. We have traded approx. 500,000 tons in FYE 2025, and promoted sales of environmentally friendly raw materials for aluminum.
• We decided to withdraw from thermal coal mine interests with a perspective of strengthening contribution and initiatives to SDGs. We already divested our Drummond mine interests in Colombia that had accounted for the majority of the ITOCHU’s thermal coal interests and also divested Ravensworth North coal mine interests in Australia producing both thermal and coking coal.

• Mining business
• Resource-related business
• Logistics business

• Promote an increase in efficiency of mine operations and facility management utilizing digital transformation.
• Promote conversion to the automatic operation of mining equipment such as underground mining equipment and dump trucks.

• We signed a memorandum to collaborate in decarbonization and digital transformation with Companhia Siderúrgica Nacional [CSN] and started demonstration experiment with the aim of contributing to increased safety, operational efficiency, and decarbonization at the iron ore mine (Casa de Pedra [CdP] Mine) that we have invested and CSN steel work.
• It began the full-scale operation of GE Digital’s operation and asset management software at the CdP Mine, improving the plant’s actual yield rate. We are currently considering to apply of the system at other operational sites and other regions.

• We will aim to improve productivity and increase business efficiency in the overall food-related field by promoting systemization of RPA and AI.
• We will aim to create innovative services and new business by integrating resources and new technologies of the ITOCHU Group.

• We will aim to improve productivity and increase business efficiency by introducing and utilizing new systems and new technologies focused on the food distribution field.
• We will create unique new value by combining the wide ranging product lineup, functions and expertise of our group based on retail customer needs.

• Status of promoting business reform in the food-related field with the introduction of AI, RPA and other systems.
• Status of promoting the development of new products and services through the food wholesale business developed by the ITOCHU Group.

• Increase the number of partnerships.
• Development and introduction of new services and businesses related to “Sustainability Transformation” and “Green Transformation”.

• Signed reseller agreements with 2 new vendors.
• Provide services and solutions that enhance the efficiency and flexibility of network operations and the utilization of data.
• With the aim of creating new businesses in the domains of “Sustainability Transformation” and “Green Transformation,” the company offers ERP solutions to support corporate sustainability management, ranging from the collection and analysis of corporate ESG data to the preparation of disclosure reports, while also providing support for the disclosure of non-financial information and consulting services to reduce CO₂ emissions.
• We are committed to further expand business to contribute to the realization of a safe, secure, and convenient social infrastructure.

• Tyr Energy Development Renewables, a renewable energy development company established in FYE 2023, is currently developing 25 assets with a capacity of 5GW of solar power in the United States.
• The U.S. wholly owned subsidiary, NAES Corporation, the world’s largest independent power plant operation and maintenance service company, provides asset management and operation & maintenance services for approximately 1,400 sites, including 2GW of solar power plants and 1.1 GW of wind power plants in the renewable energy sector.
• In June 2023, the US renewable fund was established. Through the fund, the first investment was made in a wind power plant in February 2024. Additionally, in September 2024, the second investment into solar and battery energy storage assets was agreed.
• As of March 2025, the ratio of renewable energy based on generation capacity share is 18.7%. (1.6% increased compared to the previous year)

• Climate Change Opportunities
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• To contribute to decarbonization in the shipping sector, we are developing an integrated project aimed at: (i) developing ammonia-fueled vessels, (ii) owning and operating ammonia-fueled vessels, (iii) establishing fuel supply chains, and (iv) procuring/producing clean ammonia.
• Test operation of first commercialized engine (for ammonia fueled large bulk carrier as our pilot project) with ammonia as a fuel was started from February 2025 at engine maker in Japan. Once the engine development progresses to a certain extent, discussions with relevant parties will be accelerated towards the order of the ship.
• Selected by the Singapore government as a potential bunkering operator in July 2024. Discussions, including the ordering of bunkering vessels, are ongoing towards the establishment of a bunkering business in the country. And the bunkering business in Spain is being promoted in collaboration with Peninsula Petroleum.
• In August 2024, the green ammonia production project utilizing existing ammonia facilities in Indonesia, jointly promoted with PUPUK Indonesia and Toyo Engineering, was selected as a target project for the Global South subsidy.
  Following the execution of the Front-End Engineering Design (FEED), discussions with relevant parties are ongoing towards the investment decision in FYE 2026.

• Climate Change Opportunities
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• As a partner in EVision, Isuzu’s total solution program for EVs, we have expanded our efforts to promote commercial EVs. In collaboration with iGRID Solutions Inc., we initiated a demonstration project in October 2024 to integrate EV operations with facility energy management.
• In the Ministry of the Environment’s commissioned project, Demonstration Project for Sector Coupling through the Combination of Battery Swapping EV Development and Renewable Energy Utilization, we achieved over 45,000km of cumulative deliveries. (25,000km increased compared to the previous year) As planned, the delivery demonstration operation concluded in December 2024. And we conducted an examination of the business model aimed at promoting the widespread adoption of EV trucks by eliminating charging time constraints through battery swapping.

• Water Resources
• Pollution Prevention and Resource Recycling

Water Field

• We are promoting seawater desalination business in Australia and Oman.

Environmental Field

• UK: Our operations encompass three municipal solid waste incineration and power generation facilities (Energy-from-Waste/EfW plants), processing 850,000 tons of waste annually. These plants provide electricity for 100,000 British households equivalent.
• Serbia: We set up first integrated waste management system in the Republic of Serbia. It contributes to the environmental issues such as greenhouse gases (GHG) (CO₂ equivalent) emission and polluted water leakage due to the inappropriate waste treatment. We have initiated an integrated waste management operation, including an EfW facility from July 2024. The project anticipates a reduction of approximately 210,000 tons of GHG emissions and has received Certification of Carbon Credit from the Gold Standard.
• UAE: We are currently operating the first EfW project in Dubai. These facilities are designed to process half of the Dubai’s municipal solid waste annually (1.9 million tons). The construction of this plant, the largest of its kind in the world, was successfully completed in August 2024.
• Saudi Arabia: We are actively engaged in integrated hazardous waste management services in Jubail Industrial City.

• Climate Change Opportunities
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• Climate Change Opportunities
• Capital Introduction
• Innovation

• Taking countermeasures against climate change
• Next-generation business development

• Resource recycling business
• Mining business
• Environmental business
• Materials-related business

• We will realize stable resource supply as our social mission and responsibility while fully considering its environmental impact.
• We will contribute to climate change issues through businesses that help to reduce greenhouse gases (e.g., lighter-weight vehicles and electric vehicles (EVs)) and the stable supply of essential materials.

• Take the lead in developing recycling-orientated business.
• Promote initiatives for the social implementation of hydrogen and ammonia, etc. as resources and raw materials that contribute to the decarbonization in client industries (e.g. steel and power).
• Promote businesses to contribute to the stable supply of nickel, PGM and other materials necessary in the manufacture and supply of hydrogen, green materials and energy, and storage batteries.
• Continue to be involved in the development of technologies that contribute to the reduction of greenhouse gas emissions, including technologies for carbon dioxide capture and storage (CCS) and carbon dioxide capture and utilization (CCU).
• Promote initiatives to completely withdraw from thermal coal mine interests while continuing to realize stable resource supply as our social mission and responsibility through trading in regards to our coal business.
• Implementation and expansion of businesses that contribute to developing lighter-weight vehicles and shifting to EVs (e.g., aluminum and copper).

• Promote recycling-orientated business.
• Promote initiatives for the social implementation of hydrogen and ammonia, etc. as resources and raw materials that contribute to the decarbonization in client industries (e.g., steel and power).
• Promote examination toward technological development and commercialization to contribute to a reduction in greenhouse gas emissions, including hydrogen, green material and energy production, and carbon dioxide capture and storage (CCS) and carbon dioxide capture and utilization (CCU).
• Strive to withdraw from thermal coal mine interests.
• Realize initiatives in businesses that contribute to developing lighter-weight vehicles and shifting to EVs (e.g., aluminum and copper).

• Together with JFE Steel, UAE’s largest steelmaker EMSTEEL, and others, we have promoted detailed feasibility studies for the establishment of a supply chain of ferrous raw material for green ironmaking with low carbon emission, which contribute to the decarbonization of the steel industry. In May 2024, we signed a Memorandum of Understanding with CSN Mineração S.A. [CM] in our Iron Ore Business in Brazil and NEXI concerning the decarbonization of the steel industry, which includes utilizing high-grade iron ore produced by CM.
• We are contributing to the effective utilization of limited resources and the supply of environmental materials by promoting 3R+W (reduce / reuse / recycle + waste management). Specifically, we are steadily promoting initiatives in venous industries. This includes the reuse and recycling of store facilities and fixtures, the expansion and increase in sophistication of metal scrap and waste treatment through the use of a nationwide network of recycling companies.
• We have invested in Everfuel of Denmark, who conducts the design, EPC, and operation of green hydrogen production facilities, distribution assets, and operation of hydrogen stations by using water electrolysis equipment, as well as the sale of hydrogen. In February 2025, we have commenced the first commercial production of green hydrogen, promoting the establishment of a locally-produced and consumed green hydrogen value chain.
• We are promoting the Platreef project and others in the PGM (platinum group metals)/nickel business where demand is expected to grow significantly due to the worldwide spread of electric vehicles and fuel cell vehicles, and also expanding trade activities of such materials.
• We continue to conduct a commercialization survey of a by-product hydrogen project in northern Kyushu with partners for the social implementation of hydrogen.
• We have an investment into Australia-based MCi, who possesses mineral carbonation technologies. We are promoting their technology for the market. In December 2024, we have completed the construction of the first demonstration plant capable of processing multiple raw materials such as waste concrete and steel slag to produce carbonates. In January 2025, we have signed a memorandum of understanding with Mitsubishi UBE Cement Corporation to promote the construction of manufacturing plants and the establishment of a supply chain for raw material procurement and sales.
• Agreement was signed with KOKO Networks, a Climate Technology Company Operating in Kenya, to support the generation of high quality carbon credits. In 2024, the first credits from our project with KOKO have been produced, and joint sales have been promoted.
• Steadily promoted aluminum trade business that contributes to automobile weight reduction and electrification. We have traded approx. 500,000 tons in FYE 2025, and promoted sales of environmentally friendly raw materials for aluminum.
• We decided to withdraw from thermal coal mine interests with a perspective of strengthening contribution and initiatives to SDGs. We already divested our Drummond mine interests in Colombia that had accounted for the majority of the ITOCHU’s thermal coal interests and also divested Ravensworth North coal mine interests in Australia producing both thermal and coking coal.

• Transition Risk
• Stable Supply of Resources

• Energy Storage System
• Power and Environmental Solution

• We will continue to sell Energy Storage Systems equipped with optimal charge and discharge software based on machine learning (AI).
• Composition of PV integrated storage systems and power storage facilities.

• Sold a cumulative total of approximately 63,000 units (615 MWh) of energy storage systems, as of the end of March, 2025.
• We are advancing the development and expansion of next-generation power trading, including VPP and P2P power transactions, as well as remote power demand and supply control utilizing AI.
• We are promoting the sale of industrial storage systems that contribute to the decarbonization of businesses in collaboration with overseas partner companies.
• In collaboration with Tokyo Metropolitan Government, we have established Japan’s first fund for utility scale energy storage and completed the recruitment of investors. We are focusing on building multiple individual projects, including those selected for subsidies from Tokyo.

• Stable Supply of Resources
• Capital Introduction

• Production and supply of hydrogen and fuel ammonia, and procurement and supply of renewable fuels
• Working on new energy initiatives

• Together with ITOCHU Oil Exploration Co., Ltd., we joined the Geological Carbon Dioxide Storage Technology Research Association and participated in research and development projects for this technology. The Japan Sea-side Tohoku Region CCS business concept was selected for the Joint Study on Japanese Advanced CCS Project a public offering project in FYE 2024 and Engineering Design Work for Japanese Advanced CCS Project in FYE 2025 by the Japan Organization for Metals and Energy Security (JOGMEC).
• We are currently discussing the feasibility of a CCS value chain project using ship transportation with our collaboration partners.

• Expanded the third party-owned distributed renewable power generation, across Japan through iGrid Solutions Co., Ltd., which operates approximately 1,110 on-site solar power plants (combined output of appx 275MW).
• Expanded the third party-owned distributed renewable power generation across Japan through Clean Energy Connect, Inc. which operates approximately 2,000 off-site solar power plants (combined output of appx 175MW).

• Residue input volume to the Dole Philippines biogas plant.
• GHG reduction amount by introduction of clean energy.

Result in FYE 2025

• Utilization of processed pineapple residue: 128,984 tons.
  Due to decrease of pineapple production, utilization quantity was less than last fiscal year.
• GHG reduction from Renewable Energy installation: 126,784t CO₂e
  Thanks to the utilization of biomass^*1, GHG reduction quantity got more than last fiscal year.

1. We utilize rice hull for the boiler as the alternative energy source of diesel.

• Pulp
• Woodchips
• Wood products & materials

• Capital Introduction
• Pollution Prevention and Resource Recycling

• We are currently in discussions concerning investment and participation in the slag business.
• In FYE 2025, global slag transactions will amount to 1.45 million tons.

• Conduct regular monitoring of employees’ work situations.
• Conduct employee engagement survey.
• Promote the percentage of taking employee acquiring paid leave.

• Compliance to labor laws.
• Rate of positive responses to the “employee engagement” item in the engagement survey: 70% or higher.
• Paid leave acquisition rate at 70% or higher.

• Conducted monitoring of employee’s working hours and working environment so as to prevent unpaid overtime work.
• The positive answer rate to the “employee engagement” in employment survey which conducted in FYE 2022 was 71%,in FYE 2019 was 76%,in FYE 2015 was 78%.
• Percentage of taking employee acquiring paid leave; 69.1% in FYE 2025.

• Establish well-equipped in-house clinics and a system for supporting each employee in receiving personalized medical care.
• Improve the lifestyle-related indicators (drinking, sleeping, smoking, etc.)
• Follow-up for health checkup consultation result.
• Promote support system for balancing cancer care and work with the partnership with the National Cancer Center Japan.
• Life security while absent or taking leave and providing scholarships.
• Grant special leave for cancer and designated intractable diseases.
• Establish international emergency medical structure.
• Conduct stress check every year.
• Conduct counselling by clinical psychologists.

• Improve the percentage of taking the cancer screening consultation and health checkup consultation.
• Improve presenteeism and absenteeism.
• Decrease in the number of employees taking absences and leave, and reduction in the job turnover rate.
• Decrease in the number of employees requiring specific health guidance and employees restricted from traveling overseas.
• Improve the utilization rate of the Cancer Treatment and Work-Life Balance Support Plan.
• Improve Sleep Restfulness.

• Percentage of employees who receive regular medical checkups in Japan: 92.2% (As of March 27th, 2025).
• Percentage of employees who take cancer screening consulation: 96.8% in FYE 2025.
• Percentage of employees who take detailed examination for physical findings: 100% in FYE 2024.
• Percentage of productivity loss due to presenteeism: 32.0% in FYE 2024.
• Average Days of absenteeism: 1.3days in FYE 2025.
• Number of employees taking leave due to mental health issues: 8 persons in FYE 2025.
• Percentage of employees who receive specific health guidance: 48.9% in FYE 2024.
• Percentage of employees utilize the Cancer Treatment and Work-Life Balance Suppor Plan: 83.3% in FYE 2025.
• Percentage of employees who get enough rest through sleep: 65.6% in FYE 2024.

• Continue to develop and provide training programs at all jobs levels.
• Continue and enhance overseas deployment of interns and language trainees.
• Offer diverse career path options and experience in diverse work through regular rotation.
• Foster career awareness among employees by enhancing personnel assessments, career vision training, career counselling systems and other programs/systems.

• Annual training-related expenses forecast: 2.45 Billion yen in FYE 2025.
• The number of employees who joined human development program（cumulative total number）56,831.
• Overseas dispatch rate for career-track employees in up to their eighth year since joining the company: 87.3%.
  (As of FYE 2018, there are 671 employees required to be dispatched, of which 586 have actual overseas dispatch experience.)

• Achieve the following plans by Year 2030.
  • (1) Female board of directors (including executive officers) as a percentage: 30%.
• Achieve the following plans by FYE 2026.
  • (2) Female employees as a percentage of workforce: 30%.
  • (3) Female employees as a percentage of new employees: More than 40%.
  • (4) Female employees as a percentage of employees in managerial positions: 10%.
  • (5) Percentage of male employees who take childcare leave: 100%.
• Achieve the following plans as of March 2025
  • (6) The percentage of employment of those with disabilities over our entire group: 2.5% (Includes ITOCHU Uneedus Co., Ltd. and ITOCHU Human Resources & General Affairs Services Inc.).
  • (1) to (5) are stipulated in the General Employer Action Plan under the Act on Promotion of Women’s Participation and Advancement in the Workplace.

• (1) Females Officers(including Executive Officers) as a percentage of all Officers: 21% as of March 2025.
• (2) Female employees as a percentage of workforce: 26% as of March 2025.
• (3) Female employees as a percentage of new employees: 39% in FYE 2025.
• (4) Female employees as a percentage of employees in managerial positions: 9.0% as of March 2025.
• (5) Percentage of male employees who take childcare leave: 96% as of March 2025.
• (6) The percentage of employment of those with disabilities over our entire group: 2.42% as of March 2025 (Includes ITOCHU Uneedus Co., Ltd. and ITOCHU Human Resources & General Affairs Services Inc.).

• (1) to (5) are stipulated in the General Employer Action Plan under the Act on Promotion of Women’s Participation and Advancement in the Workplace

• Introduced the following measures as a result of discussions at the Women’s Advancement Committee
  • Made it “mandatory” for male employees to take childcare leave (paid leave)
  • Accelerated Women’s Advancement (Special Appointment of Female Executive Officers, Development of Potential Candidates for Management Positions, Individual Support for Overseas Assignments)
  • Enhanced the utilization of femtech (e.g. subsidize for egg freezing fee and infertility treatment)
  • Renamed “Clerical Staff” to “Business Expert (BX).”
  • Strengthened Career Continuation Support (Childcare Support Allowance for Early Return to Work until the child reaches the age of 2)
• Furthermore, in 2025, completed the integration of its two existing women’s dormitories in the Tokyo metropolitan area into a newly constructed facility. The dormitory is used as a platform for internal networking and talent development.

• Mining
• Electric Power・Mining・Oil and Gas Fields

• We will promote sustainable development of natural resources by fully committing to EHS (environment, health, occupational safety) and harmonious coexistence with local communities in areas which our mines operate.
• We will improve local infrastructure such as medical care and education.

• Ensure the thorough application of the EHS guidelines and employee education.
• Contribute to local communities through activities for improving medical care, education and infrastructure.

• Implementation of annual internal seminars to ensure our employees are fully aware of the EHS guidelines.
  • EHS seminar attendance rate: 100%.
  • Rate of checks implemented on EHS compliance in existing and operating projects to be possessed in long term and new mining business: 100%.
• Donations to medical care and education, and building infrastructure in local communities.
  • Carry out CSR activities in all existing and operating projects to be possessed in long term (100%).

• We held internal EHS (environment, health and occupational safety) guidelines training courses for supervisors and staffs engaged in mining projects. The attendance rate of the training was achieved 100%.
• We checked the proper compliance to the EHS guidelines for one new project, nine existing projects, and one another resource-related project.
• We carried out social activities at the communities where our projects are located.

• We will promote procurement compliant with supplier-specific codes of conduct in coffee bean and cacao bean producing countries.
• We will strengthen the handling of oil certified by the RSPO - a third-party certification organization for palm oil.
• We will support the establishment of a promotion and distribution system in Japan for MSPO/ISPO in cooperation with domestic industrial associations. The aim of this is to encourage the use of certified oil systems in producing countries.

• Coffee beans: procurement ratio of FYE 2025:32%
  The coffee market has reached an all-time high, leading various client companies to reduce the usage ratio of certified raw materials for cost-cutting purposes. Although the handling ratio decreased compared to the previous year, the target value (over 30%) was achieved.
• Cacao beans (traceable products): procuremen ratio of FYE 2025: 65% (4,984 tons of traceable beans out of 7,728 tons total.)
• Palm oil: Check supplier’s sustainable palm oil sourcing policies through regular surveys, and continue purchasing based on our procurement policies. At the same time, we continue to publicize the ratio of RSPO certified Palm Oils and Traceable To Mill etc.
• Ratio of RSPO Certified Palm Products/Oleo chemicals of FYE 2025
  • Palm Oils 36%
  • Oleo Chemical Products 69%

Support Achievements to Each Producing Country (Qualitative)

• Coffee Beans:Next Generation Support/Ethiopia
  To contribute to the improvement of sanitary and educational standards in Ethiopia, the toilets at schools are constructed and the educational materials to preserve the history and culture of coffee are provided in the coffee bean production areas of Ethiopia.

• Forest
• Stable Supply of Resources

• Cultivate pineapples in Sierra Leone to develop a producing area followed by the development program in the Philippines.
• Start the commercial production and export of pineapple processed foods in Sierra Leone.

• Employment: 2,578 people as of March 2025
• Pineapple production: Approximately 12,000 tons in FYE 2025.
• Providing of medical treatment for local persons.
  Through a non-profit organization, with whom the partnership agreement is signed for medical collaboration, we provide maternal healthcare services to employees, their families, and local residents. (In FYE 2025, 199 children was born in our clinic)

• One vessel was added to existing MSC fisheries certification in February 2025.
• In FYE 2025, we handled 12,500 tons of MSC certified tuna in total. (Around 6% volume in total)
  (Reference)
  We have acquired the MSC fisheries certification for six fishing vessels as of July 2022, and MSC fisheries certification for an additional 19 fishing vessels in June 2023.

• Forest
• Supply Chain

• We will endeavor to establish measures to identify and avoid procuring rubber from any suppliers who dispossess indigenous people and develop High Conservation Value (HCV) areas, High Carbon Stock (HCS) areas and peatland.
• We support or offer a training to improve yields and quality for natural rubber producers, especially smallholders. We also offer a risk-assessment education that includes modern slavery issue.

• We will establish a traceability system to make uncertain raw material procurement supply chain transparent.
• We will achieve our commitment through the sustainability activity of our unique initiative “PROJECT TREE.”

• We aim to procure raw materials with traceability and sustainability ensured in our natural rubber processing business. (Aiming to achieve 100% traceability for the natural rubber raw materials which we procure by 2025 through an original block chain-based traceability system.)
• We will increase the number of smallholders implementing sustainability training and education, and contribute to achieving sustainability in the natural rubber industry.

• Traceability of the natural rubber raw materials’ procurement reported by suppliers reached 100%.
• Traceability of the natural rubber raw materials’ procurement using our system reached 24% of the monthly purchasing volume up to the smallholders.
• 11,991 of smallholders implemented sustainability training and education.

• Based on the performance from January to December 2024.

• In Shibata-machi, Miyagi Prefecture, a comprehensive gymnasium developed as a public-private partnership project (PPP) was opened in December 2024, and that will function as an evacuation center in case of a disaster.
• In Kuwana City, Mie Prefecture, another PPP is being promoted to construct an indoor swimming pool that contributes to the revitalization of the local community by consolidating school swimming lessons as well as expanding the functions of the sports park.
• In Kyoto Prefecture, a public-private partnership project (PPP) is underway to develop an arena that will function as designated evacuation shelter but also with logistics and storage hub in case of a disaster.

• Address Climate Change
• Develop a Rewarding Work Environment
• Respect and Consider Human Rights
• Contribute to Healthier and More Affluent Lifestyles
• Stable food procurement and supply

• Expand sales of DENBA Fresh Pro and DENBA Fryer in the super market and restaurant chain industry.
• Improve diffusion of DENBA Marine for ship warehouse.

• In 2024, approximately 1,450 units of DENBA Fresh Pro, DENBA+, and DENBA Fryer were sold, mainly to supermarket and restaurant chains. These products helped reduce food loss by preserving meat freshness in refrigerated showcases and cutting waste oil in deli sections.
• A total of eight units of the food freshness system have continuously been in use at children’s cafeterias since 2023.
• Around 150 new units of DENBA Marine, for ship food storage, were sold, bringing the total number of installations to over 400 units—an increase of more than 40 from the previous year.

• Continuing to maintain a stable supply of pharmaceutical raw materials and other products to pharmaceutical manufacturers in Japan and overseas and support for launch some new generics products by ITOCHU CHEMICAL FRONTIER Corporation.(launched in FYE 2025: generic anticancer drug, generic antiepileptic drug, and generic hypercholesterolemic drug)
• We have continued to sell a pain reliever in North America through ITOCHU CHEMICAL FRONTIER Corporation.
• ITOCHU CHEMICAL FRONTIER received the 2024 TOP ESG Supplier Award from GE HealthCare Technologies (the world’s largest contrast media manufacturer) for its stable supply of iodine, including recycled products.

• Support pharmaceutical development projects
• Preventative healthcare-related business
• Medical healthcare IT business
• Sales of Cutting-Edge medical devices and provision of medical services

• We will provide value-added services for pharmaceuticals and medical sites, and will contribute to the improvement of people’s quality of life (QOL) by utilizing cutting-edge ICT tools.
• We aim to improve quality of life by providing cutting-edge medical devices and advanced medical services in the field of medical care, where technologies are innovated rapidly.

• We will optimize healthcare utilizing medical data.
• Promote sales of advanced medical devices, and the business of supporting the operation of designated regional cancer care hospitals.

• Realization of new services and business development relating to medical data.
• Increased penetration of medical devices that enhance quality of life, such as scalp cooling therapy systems.

• Growth Rate of Outstanding Lending
  As the end of January 2025 compared to the end of March 2024

  • UAF: 98.3%
  • EasyBuy: 98.0%
  • FRF: 111.7%
  • ACF: 105.7% *Operation started in 2018
• FRF and ACF remained steady. On the other hand, UAF is affected by the slump in personal consumption in Hong Kong. And EasyBuy is experiencing a decline in loan balances due to central bank regulations on household debt in Thailand.

• The environmental impact of handling recycled polyester through the RENU project is as follows (estimated for FYE 2025). Waste volume to be made into “RENU”: equivalent to 6.2 million T-shirts, CO₂ reduction: 1,906 tons, Water usage reduction: 6,416 kiloliters.
• Approximately 4,300 collection points for “Wear to Fashion”, the clothing recycling service (as of March 2025).
• We are currently operating a joint project called the “ARChemia Project”, which involves textiles and chemicals, and transforms used clothing into chemical products with high environmental added value. To date, more than 10 companies have adopted this project, and we are continuing to promote its expansion.

• Production began in 2022 at the Western Ridge iron ore deposits, which we acquired a partial interest from major resource company BHP. In 2024, we are promoting the introduction of new equipment installation and infrastructure construction. The South Flank iron ore deposit, which began production in 2021, continues to operate smoothly, and in 2024, it is on track to establish an annual production capacity of 80 million tons as planned. In the Western Australian Iron Ore Operations, various measures are being promoted to ensure a stable supply, improve productivity, and to maintain and strengthen cost competitiveness.
• In 2024, we executed an increase in our stake in Iron Ore Business in Brazil (CM), which produces high-grade iron ore rich in iron on a large scale and at low cost. This strengthens the stable supply system of high-grade iron ore, contributing to the decarbonization of steel.
• Commercial production began in 2023 at the Allegheny coking coal mine in the USA, in which we invested in 2019 for the purpose of securing a stable supply of high-quality steelmaking raw materials. In 2024, efforts are underway mainly to stabilize operations, including improvements to the mine’s environment.

• Mining
• Electric Power・Mining・Oil and Gas Fields

• We will promote sustainable development of natural resources by fully committing to EHS (environment, health, occupational safety) and harmonious coexistence with local communities in areas which our mines operate.
• We will improve local infrastructure such as medical care and education.

• Ensure the thorough application of the EHS guidelines and employee education.
• Contribute to local communities through activities for improving medical care, education and infrastructure.

• Implementation of annual internal seminars to ensure our employees are fully aware of the EHS guidelines.
  • EHS seminar attendance rate: 100%.
  • Rate of checks implemented on EHS compliance in existing and operating projects to be possessed in long term and new mining business: 100%.
• Donations to medical care and education, and building infrastructure in local communities.
  • Carry out CSR activities in all existing and operating projects to be possessed in long term (100%).

• We held internal EHS (environment, health and occupational safety) guidelines training courses for supervisors and staffs engaged in mining projects. The attendance rate of the training was achieved 100%.
• We checked the proper compliance to the EHS guidelines for one new project, nine existing projects, and one another resource-related project.
• We carried out social activities at the communities where our projects are located.

• Stable Supply of Resources
• Capital Introduction

• Production and supply of hydrogen and fuel ammonia, and procurement and supply of renewable fuels
• Working on new energy initiatives

• We will promote procurement compliant with supplier-specific codes of conduct in coffee bean and cacao bean producing countries.
• We will strengthen the handling of oil certified by the RSPO - a third-party certification organization for palm oil.
• We will support the establishment of a promotion and distribution system in Japan for MSPO/ISPO in cooperation with domestic industrial associations. The aim of this is to encourage the use of certified oil systems in producing countries.

• Coffee beans: procurement ratio of FYE 2025:32%
  The coffee market has reached an all-time high, leading various client companies to reduce the usage ratio of certified raw materials for cost-cutting purposes. Although the handling ratio decreased compared to the previous year, the target value (over 30%) was achieved.
• Cacao beans (traceable products): procuremen ratio of FYE 2025: 65% (4,984 tons of traceable beans out of 7,728 tons total.)
• Palm oil: Check supplier’s sustainable palm oil sourcing policies through regular surveys, and continue purchasing based on our procurement policies. At the same time, we continue to publicize the ratio of RSPO certified Palm Oils and Traceable To Mill etc.
• Ratio of RSPO Certified Palm Products/Oleo chemicals of FYE 2025
  • Palm Oils 36%
  • Oleo Chemical Products 69%

Support Achievements to Each Producing Country (Qualitative)

• Coffee Beans:Next Generation Support/Ethiopia
  To contribute to the improvement of sanitary and educational standards in Ethiopia, the toilets at schools are constructed and the educational materials to preserve the history and culture of coffee are provided in the coffee bean production areas of Ethiopia.

• Forest
• Stable Supply of Resources

• Cultivate pineapples in Sierra Leone to develop a producing area followed by the development program in the Philippines.
• Start the commercial production and export of pineapple processed foods in Sierra Leone.

• Employment: 2,578 people as of March 2025
• Pineapple production: Approximately 12,000 tons in FYE 2025.
• Providing of medical treatment for local persons.
  Through a non-profit organization, with whom the partnership agreement is signed for medical collaboration, we provide maternal healthcare services to employees, their families, and local residents. (In FYE 2025, 199 children was born in our clinic)

• One vessel was added to existing MSC fisheries certification in February 2025.
• In FYE 2025, we handled 12,500 tons of MSC certified tuna in total. (Around 6% volume in total)
  (Reference)
  We have acquired the MSC fisheries certification for six fishing vessels as of July 2022, and MSC fisheries certification for an additional 19 fishing vessels in June 2023.

• Reduction of waste at the production site (Philippines)
• Reuse of discarded bananas (Japan)

Result in FYE 2025

• Reuse of waste bananas in Philippines: 25,003 tons
• The consumption volume of discarded bananas in Japan: 2,045 tons
  Thanks to the utilization of off spec banana and the expansion of "Mottainai" project, the reuse volume was increased compared with last fiscal year.

• Pulp
• Woodchips
• Wood products & materials

• Forest
• Supply Chain

• We will endeavor to establish measures to identify and avoid procuring rubber from any suppliers who dispossess indigenous people and develop High Conservation Value (HCV) areas, High Carbon Stock (HCS) areas and peatland.
• We support or offer a training to improve yields and quality for natural rubber producers, especially smallholders. We also offer a risk-assessment education that includes modern slavery issue.

• We will establish a traceability system to make uncertain raw material procurement supply chain transparent.
• We will achieve our commitment through the sustainability activity of our unique initiative “PROJECT TREE.”

• We aim to procure raw materials with traceability and sustainability ensured in our natural rubber processing business. (Aiming to achieve 100% traceability for the natural rubber raw materials which we procure by 2025 through an original block chain-based traceability system.)
• We will increase the number of smallholders implementing sustainability training and education, and contribute to achieving sustainability in the natural rubber industry.

• Traceability of the natural rubber raw materials’ procurement reported by suppliers reached 100%.
• Traceability of the natural rubber raw materials’ procurement using our system reached 24% of the monthly purchasing volume up to the smallholders.
• 11,991 of smallholders implemented sustainability training and education.

• Based on the performance from January to December 2024.

• Capital Introduction
• Pollution Prevention and Resource Recycling

• We are currently in discussions concerning investment and participation in the slag business.
• In FYE 2025, global slag transactions will amount to 1.45 million tons.

• Expand supply channels in order to realize a sustainable and stable procurement of resources.
• Reinforce promotional activities in order to raise the awareness of secondhand mobile phones/tablets.

• Expand product variation and supply channels.
• Expand distribution outlets.

• Product Handling Models: Increased from 856 models in FYE 2024 to 947 models in FYE 2025.
• Procurement Sources: Maintained at 12 companies from FYE 2024 to FYE 2025.
• Distribution Channels: Expanding sales channels through major e-commerce operators in addition to our own e-commerce site.

• Appoint several outside Directors, who have a high level of independence that fulfills our independence criteria and are expected to contribute to the company management with a high level of knowledge in their respective fields.
• Maintain a highly transparent and objective Directors’ and officers’ remuneration system, which can increase their motivation to contribute to our medium- and long-term improvement of our company’s performance and the improvement of our corporate value.

• We have maintained the diversity of the Board of Directors (always appointing one third or higher percentage of outside Directors- four outside Directors out of 11 Directors, two female Directors out of 11 Directors, two female Audit & Supervisory Board Members, and an outside Director and an outside Audit & Supervisory Board Member with a wide range of sufficient experience in corporate management).
• The majority (four out of seven members) of the Governance, Nomination and Remuneration Committee and its chair continue to be outside Directors.
• The chair of the Women’s Advancement Committee continues to be a female outside Director; half of the members are outside Directors and outside Audit & Supervisory Board Members, and half of the members are female (3 out of 6 in each case).