I would like to express my heartfelt gratitude for the continued understanding and generous support that our shareholders extend to the Torex Group.
In the fiscal year ended March 2025, the market environment remained challenging, marked by prolonged inventory adjustments and stagnant demand for semiconductors and electronic components across many sectors, with the exception of those related to AI. Within our group, both sales and profits declined more than expected, and we recorded an impairment loss on fixed assets, resulting in a net loss for the second consecutive year.
Looking ahead to the current fiscal year ending March 2026, we anticipate a recovery in market conditions during the latter half of the year. We intend to seize this opportunity to achieve an early turnaround in our business performance and return to a growth trajectory. Although our current five-year medium-term management plan, which concludes this fiscal year, is unfortunately projected to fall short of its targets, we will focus on reinforcing our business foundation, articulating a clear vision for the future, and formulating our next medium-term plan.
We sincerely ask for your continued support and hope you will share in our aspirations for the future of the Torex Group.
Takeshi Kimura
Representative Director, President
June 2025