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 Fiscal Year ending March 31, 2024, we will report on the overview.

Business Environment for the FY2023

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 metropolitan 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 FY2023

Under such market environment, there was a reactionary decrease in orders-received because we had large orders in the same period of the previous fiscal year.
However, in terms of performance, backed by steady progress in construction work carried forward, we achieved the highest-ever net sales of completed construction contracts and all income items.

Outlook for the market environment for FY2024

In terms of expectations for the market environment, we believe that construction demand in the Building HVAC segment will remain firm in the 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 in overseas.
In the Paint Finishing System Division, we expect that demand for automobile manufacturers will grow steady based on the capital investment in Europe, North America, and Japan, and the investment for increased production in China and India.

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

Masashi Osada