Top Message
To Our Investors
We would like to express our sincerest gratitude to our shareholders for their continuous support.
Since we have finished the first half of FY2024 (From April 2024 to September 2024), we will report on the overview.
Business Environment for the First Half of FY2024
Regarding the business environment for the Group, in the Japanese market, capital investment of electronic component manufacturers and automobile manufacturers is ongoing and demand for the renovations in the Tokyo area was steady.
In overseas markets, although there is a concern about the slowdown of the global economy, the capital investment of manufacturers continued to be steady.
Achievements for the First Half of FY2024
Under such market environment, although there was an increase in orders received, in terms of performance, both sales and income decreased because we had large orders in the same period of the previous fiscal year.
Outlook for the market environment for FY2024
In terms of expectations for the market environment, in the Green Technology System, construction demand in Building HVAC segment is expected to remain steady in the medium to long- term.
In the Industrial HVAC segment, we expect that capital investment in the electrical and electronics field will continue because of the growing demand for AI and semiconductor, as well as battery EV. We also expect the same trend will continue overseas.
In terms of expectations for the market environment, in the Paint Finishing System, we expect that demand from automobile manufacturers will glow steadily based on the capital investment in Europe, North America and Japan, and the investment for increased production in India and other countries.
We will continuously exert every possible effort to achieve our management targets to gain the high trust and appreciation of all stakeholders. We appreciate the continued support and guidance of our investors in the years to come.
Representative Director, President
