We would like to express our deepest sympathies to all those who have been infected with COVID-19, to those who have been affected by the spread of the infectious disease, as well as to their families and other concerned parties.
In November 2020, we celebrated the 50th anniversary of our founding, and to achieve further development, we formulated a medium-term management plan (FY2021—FY2023) under the key phrase, “Toward the Next 50 Years: Moving to a Solid Growth Stage.”
In the market for mechatronics products and precision speed reducers, which is the Group’s key market, we expect to achieve robust growth over the medium to long term, buoyed by the demand for infection control in addition to the needs for automation and labor-saving in the manufacturing industry. As we operate in a market expanding in stages, with rapid growth and adjustments in between, we will respond to changes in the business environment, improve our technologies and skills, and provide products and services that exceed customer expectations. In this way, while flexibly responding to short-term changes in the business environment, we aim to enhance our corporate value over the medium and long term by implementing strategies that strike a balance between proactive and defensive measures, based on the policies set forth in the long-term vision and medium-term management plan.
We would like to ask for your continued support in these efforts.
May 14, 2021
Mitsumasa Ito, Chairperson
Akira Nagai, President and CEO