Message from the President

We would like to express our sincere appreciation for your continued support of the MTG Group.

This year marks the 30th anniversary of the MTG Group’s founding. This milestone would not have been possible without the support of our shareholders and the many other stakeholders who have contributed to our growth, and we extend our deepest gratitude to all of you.

MTG was started from scratch thirty years ago. Since then, through various business ventures and continuing to evolve our business model, we have grown into a formidable group. One thing that has remained constant, however, is our corporate philosophy: “One shines, We shine, All shines.” These principles have always been – and will continue to be – the bedrock on which our company is built.

Guided by this philosophy, our “all-involved” management approach, in which every employee takes ownership of building trust and finding purpose in their work has been a driving force behind our growth. We are proud to be a company that can say, “our people are our strength, and we win through our people.” With a spirit of gratitude and a commitment to taking on new challenges, we will continue moving forward into an even brighter future.

In the fiscal year ended September 2025, new hair care and shampoo/treatment products under the flagship ReFa brand categories drove sales growth, resulting in substantial increases in both revenue and profit. Operating profit more than tripled year on year, reaching an all-time high.

Sustaining MTG’s strong growth is a unique business model that combines two synergistic strengths: the development capabilities of our Brand Development System, that consistently generates new products, and our ability to bring those products to market through a diverse range of channels, including hair and beauty salons, e-commerce, and department stores. We launched a record 191 new products in fiscal 2025, a significant increase on the 133 products introduced in the previous fiscal year. We also continued to steadily expand our omni-channel retail presence, particularly beauty salons and department stores. Drugstore chains represent yet another channel through which our products can now be purchased.

Guided by our corporate philosophy, the MTG Group has pursued its VITAL LIFE business vision with the aim of helping people everywhere live happy, beautiful, and active lives.

Going forward, we will continue to invest in new product development and building the value of our brands, with ReFa, SIXPAD and ReD the focus of our efforts. At the same time, by empowering every employee to pursue their dreams and aspirations and shine brightly with positivity and purpose, we will strive to achieve the sustained high growth and strong profitability that will translate into increased corporate value.

We sincerely appreciate your continued support and look forward to your ongoing partnership with the MTG Group.

January 2026

President and Representative Director
Tsuyoshi Matsushita.