We would like to express our appreciation for your continued support and patronage.
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 “Breaking the Shell.” During the fiscal year ended March 31, 2023, the second year of the Plan, the Group has carried on business activities focusing on improvement and expansion of our global design/development structure and sales framework.
In the fiscal year under review, the business environment surrounding the Group has changed drastically due mainly to the continued shortage of parts and materials and soaring prices of components. Amid the continued shortage of parts and materials, the Group has achieved stable procurement responsive to market fluctuations by promoting global procurement activities, utilizing our worldwide sales bases to procure parts from countries around the world to fill the shortage of domestically procured parts.
Regarding production activities, construction is underway to build a new factory, Building 4, on the premises of our factory in the Philippines. With the completion of the Building 4 scheduled after January 2024, the production capacity of the Philippines factory will increase by approximately 25%, establishing a system for a speedy supply of many products.
In addition, a motor assembly factory in France will launch operations in June 2023. We will seek to establish a production system that enables flexible customization based on close relationship with local customers.
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 second consecutive year as a Certified Health & Productivity Management Outstanding Organization. Also, we have been recognized for the first time as “White 500,” which corresponds to the top 500 organizations.
We look forward to your continued support.
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