Corporate Philosophy & Corporate Principles (Top Message)
Message of the Company President
Technology for protecting the Earth
I would like to take this opportunity to thank our shareholders and investors for their continued support.
During the period of this second-quarter consolidated cumulative total (April 1, 2020 - September 30, 2020), the shipbuilding and marine transportation industries which are our group’s major transaction partners were significantly affected by the spread of COVID-19. As the movement of cargo worldwide became stagnant, the impacts of restrictions on port entry as well as the curtailment of ship operations caused a slowdown in the demand for maintenance.
The WTO predicts that the volume of world trade will decrease by 9.2% in fiscal 2020 compared to the previous fiscal year. A severe business environment is anticipated and it is believed that the unpredictable conditions will continue into the future.
In the “After Corona” age, the demand for remote and digital technology is expected to increase, and environmental investments are expected to accelerate.
In order to respond to customer needs and achieve sustainable growth by utilizing the growth foundations our group has restructured up to fiscal 2019, we are promoting 4 key initiatives designated in our medium-term management plan, which will be executed from April 1, 2020 to March 31, 2023.
As a step toward our major goal of reducing greenhouse gas emissions, our group has developed dual-fuel engines that can switch between using LNG and heavy oil, and has added 4 models of them to our lineup. In the marine vessel field, this technology can reduce environmental impacts and respond to matters such as fuel price fluctuations, and in fields for land-based applications, it will play an important role in supporting BCP (business continuity plans) for disasters and other occurrences, in the form of private power generation facilities.
We have also evaluated the durability of carbon-neutral biofuels that can be used without the need for large-scale modifications to existing diesel engines, as well as mixed fuels that combine them with heavy oil.
Additionally, in consideration for the shift to larger ship sizes in the pursuit of higher marine transportation efficiency, the Himeji Plant, which began operations in 2018, and the Moriyama Plant, which manufactures small and medium-sized engines, are working together to improve their production efficiency through synergistic effects.
We will continue striving to improve our corporate value by making enhancements to operational efficiency such as reforms to our working styles, and by strengthening our management structure. I hope that we can count on your continued understanding and support.
President Yoshinobu Hotta
Corporate Philosophy & Corporate Principles
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.