We would like to take this opportunity to thank all of you, for your continued cooperation and support.
In the fiscal year 2017, we made steady progress with various measures establishing mass production systems for high value-added products in new fields, which we have been advancing in both Japan and China. As a result, we greatly exceeded our targets for the second year of our mid-term business plan, “Value Creation 2020 (VC2020)”
The launch of the Vietnam Plant, a major management priority under “VC2020”, is taking somewhat more time than expected owing to our ambitious approach to embracing new challenges. However, we are making steady progress and feel that fiscal 2017 was a year to underscore good results.
In the fiscal year 2018, the third year under “VC2020”, we are taking a slightly restrained approach because of aggressive investments in order to optimize the Group’s production system. However, we have not changed our targets for year-on-year increase in revenue and earnings.
Fiscal 2018 is a year of important preparations during which we will act aiming at achieving the targets for fiscal 2020 set under “VC2020”, and making greater strides thereafter.
We hope we can continue to rely on your support in the future.
Masaaki Takeda, President