Letter to Our Stakeholders

This will be my second year as president, and I believe this is the right time to re-convey in what direction PARCO is heading, both inside and outside the company.
　 Since its founding, PARCO has stimulated urban dwellers by proposing cultural activities and new lifestyles revolving around fashion.
　 Essentially, this was the origin of PARCO, and to date, we have generated a “movement” by creating stimulation in excess of market expectations.
　 In the 40 years that have passed since our founding, the economic environment and consumption behavior have greatly changed.As a result, PARCO is now at the point where it will have to “advance” from the methods it’s used to date to adapt to the next generation.
　 As president, I would like to take the lead in generating a new movement with a theme of “advancing from our origin.”
　 In this way, our aim is to continue to be a corporate group that is ahead of the times as an “Urban Lifestyle Producer.”

　 Going forward, we aim to realize our corporate mission and redouble our efforts to enhance corporate value and contribute to our stakeholders.
We ask for your continued understanding and support in the future.

June 2012