First, we would like to express our sincere gratitude to our shareholders and investors, for your continued support.
This is to inform you of our Company’s Consolidated Business Result for the first half, the accumulative 2nd quarter, of the 46th fiscal year (the period from October 1, 2023 to March 31, 2024). On this occasion, we would like to say a few words.
As for this period, the global economy remained uncertain due to increasing concerns about economic slowdown due to global inflation and tight monetary policy, as well as increasing geopolitical risks due to the increasing tensions in the Middle East and the prolonged situation in Ukraine.
In the stretch blow molding machine industry to which our group belongs, although there are concerns about a decline in customers’ motivation for capital investment due to the unstable political and economic situation, demand for safe and hygienic plastic containers remained steady, and our business progressed strongly.
In particular, on the sales front, as a result of our continued active participation in overseas exhibitions, the amount of orders received during the period recorded the highest ever, and we achieved strong financial results with sales and all profit items exceeding those of the same period last year.
Going forward, the demand for our products based on the living necessities is prospected to show steady growth, and we will strive to further expand our business through measures focusing on customer needs.
We also recognize that responding to social issues such as climate change and environmental impact of plastics is an important responsibility for us. As a leading company in the industry, we will take on the challenges of social issues with advanced technologies and actively engage in ESG management, aiming for sustainable growth together with all stakeholders.
We hope our shareholders and investors will look forward to our Company’s further growth, and we would greatly appreciate your continued support and encouragement.