We would like to express our appreciation for your continued support and patronage.

In the fiscal year under review, the business environment surrounding the Group was difficult due to a decline in demand in the communications and semiconductor fields and the economic slowdown in the Chinese market. Amid these circumstances, in efforts to secure orders, the Group has been developing cooperative businesses and businesses in new markets by leveraging our management resources.

Under the 9th Mid-term Management Plan, which started in April 2021, the SANYO DENKI Group is aiming to build a “leading global brand” as a global company by creating innovative things and unprecedented approaches of doing things with the theme of “Break the Shells.” During the fiscal year ended March 31, 2024, the third year of the Plan, the Group continued to increase our global production capacity, as well as improve and expand our sales framework.

Regarding production activities, construction of a new factory, Building 4 of SANYO DENKI PHILIPPINES, INC. was completed in March 2024. In preparation for the recovery of demand for the Group’s main target markets of ICT equipment and semiconductor manufacturing equipment, as well as the expansion of new markets, we worked to strengthen our competitiveness with an eye on the future by establishing a system for a speedy supply of many products.

In addition, a motor assembly factory at SANYO DENKI EUROPE S.A. commenced operations in October 2023. Establishing an assembly factory adjacent to a sales base has enabled the Group to supply products with shorter lead times and flexible customization, thereby realizing a production system that is based on close relationship with local customers.
In May 2024, we established a new group company in Chengdu, China. We will engage in new business development and provide our distributors with support mainly in southwest and central China.

Based on the belief that having a work environment where employees work with vigor and enthusiasm and perform to the best of their abilities will contribute to the medium and long-term growth of the businesses and to society, the Group has proactively engaged in health and productivity management. In the fiscal year under review, we have been recognized for the third consecutive year as a Certified Health & Productivity Management Outstanding Organization.

In addition to the initiatives in the Mid-term Management Plan, we introduced a business company system in April 2024 to enhance our management and business operations, replacing the previous structure of three business divisions. With the business company system introduced, we will conduct product development and promote market expansion by leveraging the specialized technologies and strengths of each business company, accelerating the growth of our Group.

We look forward to your continued support.