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

During the interim consolidated accounting period, while personal consumption remained strong in the United States, the manufacturing sector showed weak performance. Meanwhile, Europe experienced an economic slowdown and China’s growth rate declined, leading to economic stagnation.

In Japan, despite signs of a modest recovery driven by capital investment, economic activity remained sluggish due to declining exports caused by the global economic downturn.

Under these circumstances, while demand was sluggish in the Group’s main target markets of telecommunications equipment and factory automation, including robots and semiconductor manufacturing equipment, signs of recovery were observed in certain areas.

Under the 9th Mid-term Management Plan, which started in April 2021, SANYO DENKI Group aims to build a “leading global brand” as a global company by creating new things and new ways of doing things in unprecedented ways with the theme of “Break the Shell.” In this fourth year, we have focused efforts on management transformation, strengthening global production capabilities, and expanding the sales structure.

As of April 2024, we introduced a business company system, replacing the previous three-division structure, to enhance our management foundation and organizational structure. Through this business company system, we will promote product development leveraging the technologies and strengths of each company to accelerate the Group’s growth.

In production activities, the fourth factory at SANYO DENKI PHILIPPINES,INC. commenced operations in April 2024. To prepare for the recovery in demand in the Group’s main target markets of telecommunications equipment and semiconductor manufacturing equipment, as well as the expansion into new markets, we are working to establish a system that enables the rapid delivery of wide-ranging products, strengthening our competitiveness with a forward-looking perspective.

In sales activities, we established a new Group company in Chengdu, China in May 2024. The new company will focus on developing new business and supporting local distributors primarily in the southwestern and central regions of China.

Regarding environmental initiatives, we certify products as “Eco Products” if they have a smaller environmental impact than existing or conventional market products based on in-house standards. Starting in fiscal 2024, we will certify products that achieve greater reductions in environmental impact based on stricter criteria as “Eco Products Plus,” aiming to further minimize environmental burden.
By expanding the lineup and sales of “Eco Products” and “Eco Products Plus,” we will contribute to reducing environmental impact across thesupply chain.

We look forward to your continued support.