Representative Director & President, Chief Executive Officer
Osamu Sakurada

I am Osamu Sakurada, Representative Director & President, Chief Executive Officer.

Every day, we are committed to realizing our mission, "To Sustain the Lives of People around the World and Ensure a Prosperous Future by Developing Comprehensive, High Value-added Total Logistics Services."

However, during the COVID-19 pandemic, the entire logistics system was disrupted. We experienced a severe space shortage, and at times faced difficulties in fully meeting our customers' needs. What's more, it is clear that the system requires global-scale investment to meet customers' demands for enhanced digitization. We recognize anew the need to further strengthen our group-wide management base and expand business operations to enhance our procurement capabilities and give us the financial strength to fund the investments required.

The logistics business is positioned as a growth area in the MOL Group management plan "BLUE ACTION 2035," and as Representative Director & President and Chief Executive Officer, I will focus on pioneering new customer segments to expand our business rather than rely on the growth of current segments, while developing global strategies to achieve this.

I also serve as MOL Managing Executive Officer and Director General for the Product Transport Business Headquarters, so I will leverage MOL's assets and pursue initiatives to foster synergies within the MOL Group.

More specifically,

• In addition to current customers, I will expand our business by increasing the volume of cargo handled overseas, and strengthen our procurement capabilities through economies of scale. With these initiatives, I will expand our service menu and increase cost competitiveness.
• I will strengthen our organizational structure for business operations, human capital, and governance of our overseas networks, which is one of our advantages, to enable the steps outlined above.
• I will also enhance communication among offices and group companies and establish KPIs and other evaluation criteria to achieve global overall optimization. I strive to establish an organizational structure that enables the group to offer more attentive and extensive services in concert with the group.
• Our company has been operating under a business model that requires minimal assets, but I will shift direction in line with our portfolio strategy in "BLUE ACTION 2035" and take the initiative in investment, drawing upon MOL's support as well. In particular, I will proactively carry out mergers and acquisitions to expand our scale and strengthen our services.
• In the field of transport services, the MOL Group will concentrate its resources on product segments where I can pursue synergies while developing a structure capable of providing distinctive services.

I will continue to implement the above with a sense of urgency, and grow MLG as a company that continues to be our customers' first choice and contributes to society.

I look forward to your continued support.