Performance Highlights

In the fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023), the Japanese economy is recovering moderately, with the impact of COVID-19 easing and economic and social activity gradually normalizing.

However, the uncertain outlook continues in the world economy with the continuous depreciation of the yen, remaining high price level of energy and raw material due to the prolonged situation in Ukraine, supply constraints, and fluctuations in the financial and capital markets. The shortage of semiconductors still affects the automotive operations and demand for information tools such as smartphones and PCs declined significantly due to past peak pandemic demand and increasing inflationary pressure.

Under these circumstances, our group is launching the medium-term management plan (FY2022-2024) with the slogan "Challenge for Sustainable Growth, strengthening the management of our group and continuing to take up challenge for sustainable business growth.

Taking these activities into account, the Company's consolidated financial results for the period considered are as follows.