I would like to take this opportunity to thank our shareholders and investors for their continued support.
In the current consolidated fiscal year our country’s economy continued on a moderate track of recovery against a background of improvements in the employment environment amongst other factors, but the future remains uncertain partly because of the slowdown in the Chinese economy due to the effect of trade friction between the USA and China in addition to the stagnation of the global economy accompanying the spread of novel coronavirus infections towards the end of the fiscal year. We are aware that in the marine transportation and shipbuilding industries, which are the major markets of our group, the short-term situation will be difficult, given market forecasts that it will take more time for market conditions to recover, including through the elimination of the negative conditions affecting supply and demand for ships, as well as concerns about the global economic slowdown due to the spread of novel coronavirus infections and protracted trade problems overseas.
Although we are in a business environment such this, our corporate aims have not changed and in order to achieve this, we are formulating a new medium-term management plan that will run from April 1, 2020 to March 31, 2023. Our group will promote 4 key initiatives in order to achieve steady growth by utilizing the growth foundations restructured up to fiscal 2019.1. Expanding sales areas and increasing market share by launching new products onto the market 2. Developing technology that looks towards next-generation energy 3. Improving production efficiency at production sites 4. Establishing a strong earnings base and implementing ESG management
All executives and employees working together as one to forge ahead with the various measures and policies set forth in the medium-term management plan will lead not only to further improvements in profitability, but also the achievement of a sustainable society and the enhancement of corporate value. We will also strive to be a company trusted by our stakeholders, working to make all employees, not only of our company but of group companies as well, aware of the importance of compliance. We will firmly instill that awareness of corporate ethics and legal compliance to have it reflected as they go about their daily duties and business activities.
I hope that we can count on your continued understanding and support.
总经理 堀田 佳伸
We shall strive unstintingly for the betterment
of society and symbiosis with our neighbours,
drawing on the bold spirit of creativity
and yearning for technological achievement
we nurture within ourselves.
To provide new products and services by
anticipating market needs and pursuing
a true form of Customer Satisfaction.
To develop new areas of business which
are gentle on the global environment and
viewed from a widening global perspective.
To build an energetic and positive-minded
corporate environment, on a strong but
flexible management structure which enable
us to swiftly respond to changes in the
business world and secure necessary profits.