

INTEGRATED
REPORT
2022





CONTENTS
CONTENTS

Messages from
the CEO/COOMessages from the CEO/COO
the CEO/COOMessages from the CEO/COO

Value Creation ProcessVALUE CREATION PROCESS

Business StrategyBUSINESS STRATEGY

SustainabilitySUSTAINABILITY

GovernanceGOVERNANCE

About SHISEIDOABOUT SHISEIDO