First of all, I would like to express my sincere gratitude to all of our shareholders and investors for your ongoing support.
In order to contribute to people, society, and the earth through our business, and to become a company always valued by society, we have defined the desired status we aspire to achieve by fiscal 2040 as “Vision 2040”. As part of efforts to achieve the vision, we have formulated a medium-term management plan that positions the four years from fiscal 2024 through fiscal 2027 as a period for building the foundation to achieve the long-term vision.
We are faced with the need to steer the company more flexibly and speedily not only by pursuing technological innovation through efforts toward carbon neutrality, but also operational innovation using digital transformation and efforts to shift to a management style that takes into account the cost of capital and the stock price, we have been pursuing four strategic domains ; customer, product, manufacturing, and management base.
Under the customer strategy, we are working to develop new customers and create new businesses by strengthening marketing efforts to increase sales. In the previous fiscal year, we have received new orders for transmit decorative components that incorporate a world-first* technology and high-voltage busbars for electric vehicles.
Under the product strategy, we have finished designing a roadmap to realize a recycling cycle for plastics and are working steadily on efforts to “create new value by plastics,” including the commercialization of products for electric vehicles through technological innovation.
In order to realize smart factories that will improve quality and profitability, our manufacturing strategy promotes automation, nonstop production, and zero defects, aiming to achieve high-efficiency manufacturing across our value chain.
Under the management base strategy, we are working to promote human capital management that allows our diverse personnel to put their talent to maximum use and improve operational efficiency through digital transformation. In addition, our basic policy for the return of profits to our shareholders is to implement dividends based on the principle of stability and continuity while maintaining the soundness of our financial condition with a focus on capital efficiency. In May 2025, we raised the level of DOE set as the minimum dividend target to 3.0%, and decided and carried out share buybacks.
We will work to achieve the medium-term management targets of 180 billion yen in consolidated sales, 7% in operation profit ratio, and 9% in ROE by solidifying our management base in addition to securing stable earnings, and promoting management efficiency through product-led growth and improved return on capital under a cash allocation policy that balances investment in growth and returns to our shareholders and employees.
I would like to ask our shareholders and investors for their continued support and guidance.
*Our survey as of Apr. 2025
