Greetings

In 2022, in addition to the ongoing outbreak of COVID-19, we faced challenges with the situation in Ukraine, soaring raw material and energy costs, and sharp exchange rate fluctuations. We did not initially expect so many changes in the environment in such a short period, and it had been a year that we had to deal with various issues.

Despite such challenges, we achieved all-store sales of 717.5 billion yen, exceeding 700 billion yen for the first time and a consecutive record high since 2019.
On the other hand, profits declined due to the sharp deterioration of the external environment, but our performance was generally in line with the revised plan announced in November 2022.
This is the result of the understanding and support we have received from our shareholders for our various initiatives. I would like to take this opportunity to express my deepest gratitude.

There is still uncertainty about the future of business. We will continue to closely monitor changes in the business environment, including raw material prices, and steadily implement our strategies while continuing to listen to our customers.
We will also continue to make investments for sustainable growth, and the entire company will work together to achieve further business growth.

Thank you for your ongoing and unwavering support.

March 2023

Tamotsu Hiiro

Representative Director, President and CEO
McDonald’s Holdings Company (Japan), Ltd.