January 4, 2024
New Year’s Message from President and CEO (January 2024)
Ichiro Okamoto
President and CEO
Nippon Light Metal Holdings Co., Ltd.
Happy New Year to all, and GO ANZEN NI!*1
I begin every year with the same message. This is because it is my firm belief that ensuring thesafety and health of each and every one of you will lead to happiness for you and your family.
“Safety and Health Take Priority Over Everything Else”. Let us all keep this in mind throughout ourdaily lives this year too.
On March 29, 2023, we received the investigation report from the Special Investigation
Committee on the quality problems after an investigation lasting nearly two years, and immediately
made the report public. We are now in the midst of a major transition to that of implementing thosesolutions and beginning full-fledged reform. This is not just a correction, nor even an improvementin just one area, but a fundamental reform of our organizational culture, attitudes and environment.
All of us in the Group will take it upon ourselves to uproot and resolve any problems.
At the beginning of the New Year, these are my thoughts that I truly want to share with all ofemployees.
Last year, as part of our process of reform following our quality problems, the Group established aset of Business Conduct Guidelines. These were drafted primarily by 36 young, mid-career
employees from 16 Group companies, and then enacted through discussions. We now have new
dynamic guidelines for business conduct which are firmly rooted in the aspirations of our fellow
employees. Based on these guidelines, we aim to become a brighter group of companies where eachand every employee can express their opinions more freely and openly than before, and feel fulfilledin their work.
The 2023 Medium-term Management Plan, which will end in March 2026, was publicly
announced last May. The plan builds on the 2022 Medium-term Plan announced the year before last,and reflects major changes in the Group over the past year. We also re-assimilated external changes,
such as growing geopolitical risks and action on environmental issues, especially global warming,
which have increased in urgency and importance, and gave due consideration to these in the plan.
An aggressive approach is the core of the NLM Group’s FY2023-2025 Medium-termManagement Plan. The following are the two key policies:
1. Initiatives for new Team Nippon Light Metal
12. Provide products and businesses that contribute to the creation of social value
Accordingly, this year we will address fundamental management issues such as the reallocation ofgroup management resources, segregation of management and execution, and consolidation ofresources by grouping organizations. We will also carry out the smooth launch of Nikkeikin ALMO,and the completion of Nikkei Panel’s second factory construction in Shimonoseki, among manyother plans. In particular, I expect Nikkeikin ALMO, as the NLM Group’s first cross-market
business entity, to serve as a touchstone for the Group’s future management and lay the foundation
for future growth.
Moreover, it is important for you to deeply understand that we are all fighting as one team. Eachof us is both a colleague and a rival. As independent individuals, we cheer each other, support eachother, reprimand each other, and improve by learning from each other. We never lean on one another.
We laugh and cry together. We share each other’s thoughts and keep a little fire burning in ourhearts. And we always aim for a higher level. That is what a team is. It is my hope that we will
become a corporate group where employees can look back and feel they were truly happy to haveshared this time with their colleagues.
I designate this year as a year in which we will decisively pursue reforms to become an evenbetter NLM Group, whilst we also get our business back on track.
There is no future for us in holding on to the common sense of the past. Team NLM –Groundbreaking Innovator of Aluminum and Beyond. Let us stand boldly together, unafraid to takeon new challenges.
Thank you.
GO ANZEN NI and GO KENKO NI.*2*1 GO ANZEN NI: A greeting that means “To your safety!”*3 GO KENKO NI: A greeting that expresses a wish for mutual health.

Contact:
Public Relations and Investor Relations, Planning Administration Dept.
Nippon Light Metal Holdings Co., Ltd.

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