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Messages from CEO

On December 13, 2017, SG Holdings Co., Ltd. successfully completed its listing on the First Section of the Tokyo Stock Exchange. We could not be reached to this point without the loyal patronage of our customers and the continued support of our many other stakeholders. I would like to offer my deepest thanks to all of them.

The SG Holdings Group plays a vital role in supporting the social infrastructure known as logistics. Aware of that role, we have managed the company to respond to the expectations of our stakeholders. As a public company, we continue to further enhance our management structure and strengthen our business base, as we strive to put in place highly transparent management practices.

Looking back, our origins stretch back to March of 1957, when our founder began his hikyaku courier service in Kyoto. Since then, we have pursued our efforts to deliver the valuable cargo entrusted to us to its destination quickly, securely and carefully. Today our business has expanded into a comprehensive logistics group with over 80,000 employees, growth that I think can be attributed to the sense of mission we have brought as we have continued to respond to the expectations of our customers with regards to logistics.

Recent years have seen significant changes in the management environment surrounding the logistics industry in Japan. While the impact of a shrinking, aging population has resulted in an increasingly severe shortage of personnel, at the same time, the market for internet-driven e-commerce continues to grow, further increasing expectations for the logistics industry, which is responsible for the "last mile" to the customer. Looking overseas, the fast-growing countries of Asia are also beginning to attract attention as enormous consumer markets, and it is not difficult to imagine that the demand for logistics will increase even further.

I sense that expectations for the logistics industry will continue to grow, both inside and outside of Japan. We will work together as a group to respond to the expectations of our customers, our local communities and all of our many other stakeholders, while fulfilling our mission as part of the social infrastructure. Further, we will continue to move forward with our long-term management vision of "Becoming Asia's Leading Comprehensive Logistics Group." We hope you will continue to support us in those efforts.

Eiichi Kuriwada
Chairperson and CEO
SG HOLDINGS CO., LTD.

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