To shareholders and investors

Koji Shibamiya<br/>President
Koji Shibamiya

Amid the ongoing COVID-19 pandemic, we offer our condolences for those who have died. We hope for the speedy recovery of everyone affected and the return of peaceful days following the containment of the disease.

  During the 26th period (fiscal year ended March 31, 2021), the semiconductors and other electronic components market benefited from a surge in demand, as people adapted to the "new normal" and social change in the face of COVID-19. Semiconductors in particular were in short supply around the world, with the automotive sector hardest hit. The status of the Group's operations also improved significantly from the slump seen the previous fiscal year, and consolidated operating results showed net sales of 23,712 million yen (an increase of 10.3% compared to a year ago), operating profit of 1,209 million yen (up 78.3% year on year), ordinary profit of 1,206 million yen (up 78.4%) and profit attributable to owners of parent of 933 million yen (up 123.6%). 

  The Group launched a new Mid-Term Management Plan which covers a five-year period starting in the 27th period (fiscal year ending March 31, 2022). The Group will steadily implement growth strategies based on this plan aiming to contribute to further business expansion and a decarbonized society.