2026 Fuji Oil Outside Directors’ Roundtable

< The Board’s Role in Creating Long-Term Value >

I am pleased to share that the 2026 Integrated Report of Fuji Oil features a roundtable discussion with its Outside Directors.In the discussion, we reflected on the progress of the “United for Growth 2027” medium-term management plan and the role of the Board in supporting sustainable growth and enhancing corporate value.

I shared my view that the Board should evolve beyond traditional monitoring toward a stronger “steering function” — helping guide business strategy in the right direction by sharing and challenging the assumptions behind strategic decisions.

We also discussed the importance of technology-driven differentiation, productivity improvement, supply chain capabilities, and shortening the Cash Conversion Cycle as key drivers of long-term value creation.

I hope the discussion offers some insight into how we, as Outside Directors, view our role in supporting Fuji Oil’s sustainable growth and long-term value creation.

https://www.fujioil.co.jp/pdf/ir/library/integrated_report/fujioil_integrated_report2026_01_06.pdf