As Japan grapples with a severe labor shortage, we at Uluru have been committed to addressing this social issue. Our aim is to create and utilize new labor forces, drive digital transformation through IT and AI, and develop innovative solutions that challenge conventional thinking.

Guided by our philosophy of being a globally admired and supported company and our vision to alleviate labor shortages and enrich people and companies, we conduct business by leveraging our strengths. We strive to contribute to a sustainable society and help companies attain better corporate values.

Since our IPO on the Tokyo Stock Exchange Mothers Market in 2017, we have pursued growth through strategic investments. In our five-year medium-term management plan, which began in 2019, we set targets for 4.8 billion yen in net sales and 1.5 billion yen in EBITDA, later revising these figures upward. For fiscal year ended March 2024, the final year of the plan, net sales surpassed the revised target of 5.8 billion yen, and EBITDA met the initially planned goal.

This growth was underpinned by our investment in people. We have endeavored to aggressively hire and foster talent to create a vibrant organization. These efforts, aligned with our values and organizational development strategy, facilitated the growth and performance of our employees, allowing the larger number of full-time employees to achieve larger sales.

As we wrap up the current medium-term management plan, we have established "ULURU Sustainable Growth," a strategy for our next phase of growth. This strategy focuses on sustained profit growth through disciplined growth investments in human capital, M&As, and other measures. We envision becoming a company with annual sales exceeding 50 billion yen and eventually exceeding 100 billion yen, with a view of possibly upgrading our listing market segment classification on the Tokyo Stock Exchange in the future.

Under "ULURU Sustainable Growth," we will pursue growth investments to achieve an EBITDA of at least 1 billion yen for fiscal year ending March 2025. From fiscal year 2026 onwards, we will target annual growth rates of 20% or more for both revenue and EBITDA, striving to achieve both investment and profit growth.

We express our sincere gratitude to our shareholders and investors for their continued support. We are committed to achieving sustained sales and profit growth, as well as enhancing shareholder returns, while continuously pursuing growth and development and taking on new challenges. We appreciate your continued support.

Tomoya Hoshi
President and CEO