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Message to Shareholders and Investors

I would like to begin my message with my sincere condolences to the people who suffered the loss of a loved one due to COVID-19. I also extend my wishes for a speedy recovery to individuals who were infected and still dealing with the effects of this disease.

SAN HOLDINGS celebrated its 90th anniversary in 2022. We used this milestone to announce a New 10-Year Vision of what we want our organization to be in 2032, the 100th anniversary of our founding. As the first step, we started a medium-term management plan that covers the three-year period ending in March 2025. Our objective is to be a dependable end-of-life partner by moving even closer to the senior generation and their family members. Based on this objective, we are determined to use our business activities to contribute to society and consistently increase our corporate value.

In the fiscal year ended March 2023, operating revenue increased 8.3% year on year to ¥21,663 million. Earnings were higher as well with operating profit up 14.6% to ¥3,868 million and ordinary profit up 13.5% to ¥3,843 million. The operating margin increased 1.0 point to 17.9%, surpassing the target of 16.3% for the first year of the medium-term plan.

In March 2023, we opened four funeral halls, two each in Tokyo and Osaka, that use the new Ending Haus brand for locations that specialize in family funerals. Launching this brand is a major step for the growth of the funeral business, which is one of the major goals of the current medium-term plan. The addition of the Ending Haus brand to our existing funeral brands will allow us to provide services to an even broader range of customers.

Finally, I want to express my appreciation to shareholders for their support and understanding. Based on our medium-term plan and vision, we are taking many actions for more progress and for meeting the expectations of shareholders and all other stakeholders.

June 27, 2023
Satoshi Harishima
President and Representative Director

Satoshi Harishima President and Representative Director