Management Message

ALCONIX contributes to the realization of a sustainable society by creating value through both trading and manufacturing.

Dear Shareholders and Investors,

As we welcome the New Year, I would like to extend my greetings and express my sincere appreciation for your continued support throughout the past year.

In May 2025, we announced our Long-Term Management Plan 2030, together with our purpose, “Shaping a better future for someone, somewhere,” and our vision, “Connecting people, connecting things, and connecting technology.”

With the continued support of our shareholders, we have steadily built a foundation for sustainable growth, and in December 2025, our P/B ratio reached 1.0x. We are grateful for this recognition by the capital markets, and we remain firmly committed to further enhancing corporate value without complacency.

We have positioned 2026 as a year to further accelerate our growth strategy. In particular, to enhance the “return” aspect of ROE, we will prioritize initiatives to strengthen our profitability.

Specifically, we will work to strengthen intragroup synergies across our business domains centered on non-ferrous metals, pursue strategic investments combining M&A and corporate venture capital (CVC), and help realize a circular economy through the expansion of our recycling business. Further, through digital transformation and human resources development, we will foster a corporate culture that balances a healthy working environment with meaningful career development. Through these efforts, we aim to maximize the Group’s overall earnings capacity.

Going forward, we will continue making investments to drive further growth across our group companies, while maintaining shareholder returns with a target DOE of 4% or higher. We will continue to embrace change and take on new challenges, and we appreciate your continued confidence for your continued confidence in the ALCONIX Group.

I sincerely wish you a prosperous and fulfilling year ahead, and I look forward to your continued support.