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A Message from Management

The Taisho Pharmaceutical Group operates with the mission of contributing to society by creating and offering superior pharmaceuticals and health-related products as well as healthcare-related information and services in socially responsible ways that enrich people’s lives by improving health and beauty.

Rising social welfare costs have become a major problem in Japan in recent years due to the rapid shift to an aging population with a low birthrate. We believe that pharmaceutical companies have the important mission of dealing with the issues of an aging society with long life expectancy.
Under these circumstances, Taisho Pharmaceutical Holdings Co., Ltd. (the “Company”), which is responsible for the management of the entire Group, aims to grow continuously and to strengthen competitiveness through the effective allocation of business resources. We will focus on increasing Group-wide corporate value by driving balanced growth and capturing synergies in two broad operating areas: the Self-Medication Operation Group, which is centered on over-the-counter (OTC) drugs, and the Prescription Pharmaceutical Operation Group, which handles ethical drugs. By leveraging the strengths of each Group company and reinforcing collaboration, we are working to build a Group-wide framework aimed at driving sustained growth.

The Company’s dividend policy is to pay dividends largely in line with its consolidated business performance each fiscal year, while targeting a dividend payout ratio of 30% of net income excluding extraordinary income/loss. Barring special circumstances, we plan to maintain an annual dividend of at least \100 per share, even when the dividend payout ratio exceeds 30%.

In closing, we ask for your continued understanding as we endeavor to reach our goals.

Akira Uehara Chief Executive Officer Taisho Pharmaceutical Holdings