The world is changing drastically due to a major shift in the energy demand and supply structure, heightened awareness of the global environmental issues, and rapid developments in digital and biotechnologies. Chiyoda, having adopted these changes as an excellent opportunity for the transformation and evolution of the Company, has announced the Medium-Term Management Plan (2017-2020) "Mirai Engineering" - A Grand Opportunity for the Future. By implementing structural reforms and growth strategies identified in the plan, we aim to be a global top-tier "Integrated Engineering and Service Provider" in the fields of Energy and Environment. We are very proud of our engineering and project management capabilities accumulated since our establishment in 1948. Equally, we are proud that these capabilities are highly valued by our clients all over the world. By fully utilizing these core values, we strive to contribute to the resolution of various social issues, and by further strengthening our core values, aim to develop ourselves for future growth. As One Team, the management and all employees of the Chiyoda Group will strive to enhance the sustainable corporate value of the company and respond to the needs and expectations of all clients, shareholders and other stakeholders. We sincerely look forward to your continued support. Masaji Santo President & CEO Chiyoda Corporation