Mid-term Management Strategy (2026-2028)

In the AI-Native Society, where AI will be widely adopted as a social infrastructure, we will move from an era using AI to an era where AI is embedded in everyday life.
While technology brings efficiency and sophistication, AI itself is rapidly becoming homogenized, and it is the AI-resilient and hard-to-replace value that will lead to differentiation.
In this AI-Native Society, we will focus on creating value from the customer's perspective. We aim to be a frontrunner in social implementation by creating new businesses that support AI-Powered Productivity, which contributes to our customers' business growth, and AI-Enhanced Lifestyles, which transforms lifestyles and experiences.

By leveraging our real-world assets that are difficult for AI to replace―such as our customer contact points, infrastructure deployed nationwide, and human resources with diverse skills―we will work to strengthen and create businesses through Fusion, our value creation method based on cross-domain fusion.
Furthermore, built on a foundation of robust Group governance that underpins the trust of our customers, we will further strengthen the management foundation enabling Fusion, which encompasses the customer base, data platforms, and partnering capabilities we have cultivated over the years, to enhance our execution capabilities for value creation.

Regarding our financial targets, to achieve sustainable growth, we aim for a compound annual growth rate (CAGR) of 5% in operating income, driven by the sustainable growth of the Telecom Core Segment and double-digit growth in the Growth Segments.
Furthermore, we will place greater emphasis on capital efficiency and execute return-based capital allocation, with maintaining a stable dividend growth as our foundation.
Regarding our non-financial targets, we position "Sustainability Management" as the core axis running through our entire management. We will achieve both business growth and the creation of social value through addressing material issues, and through this virtuous cycle, we aim to enhance sustainable enterprise value.