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 FY2023 (From April 2023 to September 2023), we will report on the overview.
Business Environment for the First Half of 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 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 FY2023
Under these circumstances, in terms of financial performance, we posted new the records in the first half of the FY in both sales and income due to the steady progress of construction carried forward, although there was a reactionary decrease in orders-received because we had large orders in the same period of the previous fiscal year.
Outlook for the market environment for FY2023
In terms of expectations for the market environment, in the Green Technology System Division, 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, the IoT devices, and automated driving systems. We also expect the same trend will continue overseas.
In the Paint Finishing System Division, we expect that demand from automobile manufacturers will glow steadily based on the capital investment in 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