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Sanrio recognizes that co-creating value with shareholders and other stakeholders, including employees, business partners, customers, creditors, and local communities, has become increasingly important in corporate management, and will therefore continue to promote constructive collaboration with multiple stakeholder groups. Building on the understanding that fairly distributing profits and outcomes generated through value co-creation and productivity improvements among multiple stakeholders is essential to maintain wage growth momentum and promote sustained economic development, the Company considers it important to return value to employees and show consideration to business partners. We will therefore continue to implement the following initiatives.