Message from the President
For fiscal 2024, on a consolidated basis, we reported net sales of 330.0 billion yen, operating profit of 12.1 billion yen, ordinary profit of 13.6 billion yen, and net loss attributable to owners of the parent company of 21.0 billion yen.
While net sales decreased compared to the previous fiscal year, both operating profit and ordinary profit exceeded the previous fiscal year’s figures. We are convinced that these increases were a result of the earnings structure reforms that we have steadily worked on across the Group, and that such efforts are taking root.
Net income was negative due to the loss on business liquidation arising from the reorganization of our China business and impairment loss on fixed assets in Japan and the U.S, both of which were deemed essential for the future recovery of earnings.
Despite the substantial net loss, however, we decided to increase dividends for fiscal 2024, as we did in the previous fiscal year, in line with our shareholder return policy. We would appreciate your understanding regarding this decision.
Today, we face a rapidly changing external environment with significantly increased uncertainties. Factors including the risk of US tariffs, rising competition from Chinese auto manufacturers, and policy changes and market trends of counties concerning electric vehicles (EVs) make predicting the future extremely difficult.
Notwithstanding the tough business environment, we are committed to achieving further growth by implementing new business strategies based on the pillars of “Structural Reform,” “Smartification,” and “Growth Strategy,” as stated in our FY2025-2027 Medium-term Management Policies.
We look forward to your continued support and encouragement.
June, 2025
