Dear Shareholders, Partners and Colleagues

It is both an honor and a responsibility to take on the role of CEO during this important time in our company’s history. TTCL has always been a resilient organization, and even now, in the face of great challenges, I believe deeply in our ability to move forward together.

The past months have not been easy. We have had to make tough decisions to protect our company and safeguard its future. But these steps are not about retreat — they are about building a stronger foundation for the years ahead.

Our focus is clear: we will strengthen our EPC business, with a renewed emphasis on overseas markets where opportunities are stronger and more sustainable. Alongside this, we will continue developing services like FEED and O&M, which play a vital role in supporting clients and creating steady value for our business.

TTCL is changing. We are becoming leaner, more focused, and more disciplined. At the same time, we are holding onto what makes us strong: our engineering expertise, our talented people, and the trust of our partners.

I want to assure you: TTCL is not giving up. We are restructuring to survive, to succeed, and to grow again. Every employee, every client, every partner is part of this journey. Together, with unity and determination, we will bring TTCL back to strength.

Let us move forward — with focus, with teamwork, and with renewed energy for the future.

With gratitude,

Hironobu Iriya
Chief Executive Officer
TTCL Public Company Limited