08 Consolidated Financial Highlights 

10 ■  A Message From the Chairman 

The Only Corporate Group With a Comprehensive Home and Living Environment Business 

13 ■  Interview With the President 

Seven Questions for President Masahiro Sugino 

Q1. Business Results and Forecasts 

Q2. Segment-based Management System 

Q3. Structural Reforms and Synergy Creation 

Q4. M&A Strategy 

Q5. Overseas Development 

Q6. Developing the Domestic Housing Stock Market 

Q7. Dividend Policy and Corporate Value 

21 ■  Feature: 

The JS Group’s Overseas Business Development 

Using Profits Generated From Domestic Operations to Invest Overseas 

24 Review of Operations: Summary 

Review of Operations 

26 ■  Metal Building Material Business 

28 ■  Plumbing Fixtures Business 

30 ■  Other Building Materials and Equipment Business 

32 ■  Distribution and Retail Business 

33 ■  Housing, Real Estate and Other Businesses 

34 Activities for Sustainable Management 

35 ■  Corporate Governance 

46 ■  Environmental Activities 

49 Financial Information 

90 Shareholder Information 

91 Corporate Data 

Cautionary Statement with Respect to Forward-looking Statements Statements made in this annual report with respect to plans, strategies and future performance that are not historical facts are forward-looking state- ments. JS Group Corporation cautions that a number of factors could cause actual results to differ materially from those discussed in the forward- looking statements. 

