Recap of Yida Company's June Book Club Events

In June, Yida Company celebrated the Dragon Boat Festival with various exciting activities, including a "Mental Expansion Training" to enhance team cohesion, a food festival featuring "Happiness Zongzi" and "Sweet Lychee," as well as our monthly book club event filled with intellectual discussions and positive energy, which continued as scheduled. We have taken another step forward in our pursuit of the "material and spiritual" well-being of our Yida family.

This month, Yida Company held a total of 4 book club events on June 2nd, 9th, 16th, and 23rd, respectively. We read together Mr. Tadao Yoshida's "12 Practices of

Management," and took another step towards learning Yoshida Management.

"Twelve Management Practices" is a collection of experiences and insights accumulated by Mr. Murata Tadatsugu, a senior student and outstanding practitioner of Japan's Shouwa Juku, from studying Mr. Inamori Kazuo's "Twelve Management Practices" and putting them into practice since 2001. Based on his own experience of practice, Mr. Murata shares the practical methods and key points of "Twelve Management Practices", and teaches how to implement them in

practice.

Author Introduction

Tadashi Murata is the Chairman of Murata Accounting Corporation and the founder of the Shizuoka Seiwa Juku in Japan, where he joined in 2001. He is also the Vice Chairman of the TKC Shizuoka, the largest accounting organization in Japan. In 1995, he established the Murata Accounting Firm, which mainly focuses on "accounting for business management."

Through his years of hard work and dedication to practicing Inamori Management Philosophy, he successfully transformed an inconspicuous local accounting service company into one of the top-ranked companies in service quality and comprehensive strength among the 11,000 members of the TKC. His company's incredible profitability has consistently maintained at 20% to 25%, and the self-capital ratio is at 93.1%. The continuous and steady growth of his business is a result of his solid practice of Inamori Management Philosophy.

Mr. Murata is enthusiastic about promoting Inamori Life Philosophy and Management Philosophy among youth and entrepreneurs. He is a permanent lecturer at the Seiwa Juku and Shido Juku in Japan, where he voluntarily shares his practical experience on "Seven Principles of Accounting" and "Twelve Principles of Management," as well as his understanding of tax law and financial management. He believes that these contents are beneficial to personal happiness and business prosperity. To assist the spread of Inamori Management Accounting and Philosophy in China, he holds lectures at Seiwa Juku in various Chinese cities every year.

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On June 2nd, during the 8th book club meeting, we read the first chapter of "The Practice of 12 Management Principles" which focuses on "Clarifying the Purpose and Meaning of Business." Through this chapter, we learned that "Without a goal that has a grand purpose, it will not have lasting vitality. If our business does not have a mission, vision, and values with a grand purpose, we will not be able to build a long-lasting enterprise." The Inamori Management Philosophy guides us in establishing a mission, vision, and

values with a grand purpose, ensuring the long-lasting success of ourbusinesses.

On June 9th, during our 9th book club meeting, we read together the second and third practices from "The Practice of the 12 Management Principles". The fundamental driving force of human beings is the pursuit of meaning. The meaning of survival, the meaning of life, and the meaning of the continued existence of a business are all referred to as a sense of purpose. When we elevate our purpose to the level of "belief,"

we can find the source of our motivation with this sense of purpose.

On the 10th book club meeting on June 16th, we read and discussed the fourth practice in "Twelve Practices of Management": "Exert efforts not inferior to anyone else's." However, the term "effort" could encompass 20 different meanings, such as making productive efforts, putting in pure effort, making five times the effort of others, giving all- out effort, being grateful for effort, making effort that is admirable and respectful, making "greedy" efforts, making efforts that are just a little more, making optimistic efforts, making ceaseless efforts, valuing health in efforts, making efforts in the center of the sumo ring, mobilizing three essential elements comprehensively, making "fluid" efforts, prioritizing important matters in efforts, breaking boundaries in efforts, striving to be in the top 3%, making "patient" efforts, opening the treasure trove of wisdom in efforts, and

making efforts when there's nothing left but to pray to God.

During the 11th book club on June 23rd, we read and discussed the fifth practice of "Maximizing Sales, Minimizing Costs, and Shortening Time" in the book "Twelve Practices of Management". The foundation of a company's operations is profit, and without profit, a company cannot survive. Normally, we think that as sales increase, costs will also increase. However, Kazuo Inamori believes that it is important to follow an "ironclad principle", which is "Sales revenue>Expenditure and cost". Even if sales increase, efforts must still be made to reduce costs. It is important to live within your means and control costs within the range of income.

"Cutting and rubbing are ways of learning the Tao; carving and polishing are ways of cultivating oneself." Business management is not just the work of the management team, but all employees of the company need to participate. We learn together the Inamori Management Philosophy of "Learning the Tao and Practicing Together". Only when we share the same aspirations can we work towards a common goal, and only when we are in sync can we resonate with each other.

Learning alone without friends will leave one ignorant and uninformed. In a strong reading atmosphere, everyone speaks freely, sharing their own confusion and experience with enthusiasm for the sake of benefiting others.

We read together the Inamori Management Philosophy, which teaches us to "nourish the soul with classic wisdom, enrich our lives through its application, and cultivate our spirit." We also learned to "elevate our mindset and expand our business." Thanks to all our fellow learners, let us continue to progress and grow happily together on the "Inamori" path of learning. See you at our next book club in July!