INDEX

Welcia Today
 Message from the Chairman Value Creation History
 At a Glance
 Value Creation Process

Welcia’s Future
 Welcia’s Health Station Concept
 Message from the President

Welcia’s Sustainability
 Corporate Governance and Risk Management on Sustainability Policy
 List of Material Issues
 Key Initiatives Based on Our Human Rights Policy
 Key Initiatives Based on Our Products and Services Policy
 Key Initiatives Based on Our Environmental Policy Corporate Governance
 11-Year Summary
 Financial and Non-financial Highlights
 Corporate Data / Stock Information