Integrated Report ------------- Lawson’s “Corporate Value Creation Cycle” Growing in Pursuit of “Happiness and Harmony in Our Communities” Addressing Ongoing Social Challenges through Our Core Businesses Message from the President Interview with the President Message from the CFO Outside Directors’ Perspectives Financial and Non-financial Highlights Supporting Daily Lives Delivering Coffee from the Bean to the Customer’s Tumbler Seeking to Maintain and Promote Customers’ Health Bringing Convenience and Pleasure to Daily Life Enriching Lifestyles through the Entertainment Business Developing Stores and Business Approaches to Better Meet Customers’ Specific Needs Growing with Franchise Stores under a New Franchise System Organization for Sustainable Corporate Management Compliance and Risk Management Social and Environmental Activities Developing Human Capital Corporate Governance Corporate Data Consolidated Balance Sheet Consolidated Statement of Income Consolidated Statement of Comprehensive Income Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows Notes to Consolidated Financial Statements Independent Auditor’s Report

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