Shiseido Group invests in R&D and marketing to develop innovative technologies and increase our brands’ value. Therefore, enhancing our Intellectual Property (IP) value is a crucial activity for our sustainable growth. IP includes intangible assets such as patents, trademarks, copyrights, industrial designs, trade secrets, etc. We protect our inventions, brands, marketing ideas and other IP outcomes properly, as these assets play key roles in our future success. We also respect third parties’ IP rights and provide internal trainings for our employees to raise the awareness.