P.1：PURPOSE

P.3：Table of contents and editorial policy

P.5：Our history and values we have provided to date

P.7：Message from the President

P.13：Value creation process

P.15：Business model of each business unit

P.17：Sustainability management

P.21：Materiality and KPIs

Medium-Term Management Plan

P.23：Message from the director in charge of corporate strategy

P.25：Medium-Term Management Plan

Value creation drivers

P.27：Message from the director of business administration

P.29：Financial capital strategy

P.31：Strategies on intellectual capital and production assets

P.33：Human capital strategy

P.37：Social capital strategy

P.41：Natural capital strategy

Strategies by business segment

P.45：IT Infrastructure Distribution Business

P.49：Fiber Business

P.51：Industrial Machinery Business

Governance

P.53：Roundtable discussion of outside directors

P.57：Corporate governance

P.61：Compliance

P.62：Risk management

P.65：Financial and non-financial highlights

P.67：Board of Directors

P.68：Corporate profile