株主総会での年次報告スピーチ

Good afternoon, and thank you all for joining this year's annual shareholder meeting. It has been a year of meaningful progress, tempered by real challenges that I want to address directly. Total shareholder return over the past twelve months was eleven percent, underperforming our long-term target but still ahead of our industry peer group average of seven percent over the same period. The board and I recognize that shareholders expect more, and I want to walk through the specific actions we are taking in response. First, we are reallocating capital away from two underperforming business units and toward our core platform business, which continues to generate returns well above our cost of capital. Second, we are instituting a more disciplined approach to acquisitions, following two deals in recent years that, candidly, have not yet delivered the synergies we projected. Third, and this is a change the board and I take seriously, executive compensation going forward will be more heavily weighted toward long-term shareholder value creation rather than annual revenue targets alone. We believe these changes position the company for stronger, more sustainable performance, and we look forward to demonstrating that through results in the year ahead rather than through promises today.