Clarion Report is a unique report that combines “company profile” and “CSR report.” It has been edited to convey to readers Clarion’s “corporate power,” its visions and strategies in business operations in the first half, and to inform the readers Clarion’s activities in corporate social responsibility (CSR) in a manner easy to understand in the second half. In this issue also, various activities including Clarion’s unique actions are reported per stakeholder. In order to make this report easy-to-read and friendly, employees’ comments of group companies have been included as in the previous issue.