We would like to thank our shareholders for their continued support.
During the current consolidated fiscal year, the global economy continued to recover due to progress in socio-economic activities toward normalization from the Covid-19 disaster, however, the pace of recovery slowed down as the effects of tight monetary policy to control inflation and geopolitical risks still persisted.
For outlook, there are concerns about an economic slowdown due to factors such as prolonged inflation, geopolitical risks with the situation in the Middle East, and the China's economy sluggish. The unstable yen exchange rate is another factor that must continue to be taken into consideration, and the situation is expected to remain unpredictable.
In this situation, we reviewed our Mid-Term Business Plan (FY2021-FY2023) in May 2022, and are working to establish a strong corporate structure that is resilient to change, evolve from strengthening our financial position to improve capital efficiency, and increase our earnings and balance sheet.
In addition, based on our Corporate Philosophy "To give attentive consideration to both humanity and nature," we will promote our company that contributes to the realization of a sustainable society through our business activities, and aim for management that earns the trust of all our stakeholders.
We would like to ask our shareholders for their continued support and encouragement.