A record year, and a disciplined plan.

Transition — scale decarbonization and energy, directing ¥3 trillion into transition assets. Foundation — secure resource and food supply chains against a more volatile world. Reinvention — grow the digital and venture businesses that compound the rest.

The targets are concrete: ¥1.5 trillion in annual profit by FY2030, a 50% cut in Scope 1+2 emissions versus FY2020, and ROE sustained above 12%. Discipline, not just ambition — every yen of growth measured against returns and risk.