Yuji Funawatari
Member of the Board, President & COO
I would like to express my sincere appreciation to our stakeholders for their continued support.
With the closing of our accounts for the 102nd fiscal year (from April 1, 2024, to March 31, 2025), I am pleased to report our business results and other matters to those who support us on a daily basis.
In the current period, the Japanese economy followed a moderate recovery trend, supported by a rebound in semiconductor demand, strong inbound tourism, progress in passing on price increases, and improvements in employment, income conditions, and capital investment. However, uncertainties persist due to rising geopolitical risks, economic policy developments under the new U.S. administration, including potential tariff increases, growing costs of raw materials and labor, and concerns over weakening consumer sentiment amid rising prices. These factors continue to contribute to an uncertain outlook.
Amid these conditions, revenue and profit for the period exceeded initial forecasts, with both net sales and profits at all levels reaching record highs. Operating income reached approximately ¥13.1 billion, surpassing the ¥12.5 billion target set under the V2030 growth strategy ahead of schedule. In light of this result, we have raised the V2030 operating income target to ¥18.0 billion. Going forward, we will continue striving to achieve this new target by further enhancing our engineering capabilities and increasing our added value.
This fiscal year marks the launch of our new medium-term business plan, MT2027, which we have positioned as a growth phase. By the final year of the plan, we aim to achieve net sales of ¥250.0 billion and operating income of ¥15.0 billion. The cumulative operating income over the three years is projected to reach 40.0 billion yen, approximately 1.4 times the target set under MT2024. Informed by the challenges of MT2024, MT2027 establishes two qualitative targets: “business strategies to accelerate growth” and “a resilient management foundation built for change.”
Under the theme of “business strategies to accelerate growth,” we will place particular emphasis on optimizing our business portfolio. By analyzing the portfolio and allocating resources appropriately according to the conditions of each business domain, we aim to realize sustainable growth. As for building “a resilient management foundation built for change,” our key focus is on enhancing the value of human capital. We will strengthen our human capital by developing employee capabilities and creating a more supportive work environment.
Over the three years of MT2027, we will strive to expand our performance by responding flexibly to a rapidly changing business environment while continuing to evolve further. We sincerely appreciate the continued support of all our stakeholders.
May 2025