To Our Shareholders

We would like to express our deepest gratitude for your continued support. We extend our heartfelt sympathy to those affected by the Noto Peninsula Earthquake of 2024. As we present the report for the 44th fiscal year, we would like to offer our greetings.

In the 44th fiscal year, despite the significant decline in demand for semiconductor equipment, especially from Western customers, due to the adjustment phase of semiconductor demand, our group was able to achieve the highest sales in our history. This was made possible by capturing demand from Chinese semiconductor customers and focusing on the power semiconductor and clean energy sectors. Reflecting on the previous three-year mid-term plan, we not only grew our business scale more than double from 91.3 billion yen in the fiscal year before implementation to 222.4 billion yen, but also improved our supply capacity to the satisfaction of our customers.

In May 2024, our group announced a new three-year mid-term management plan (for the fiscal years ending March 2025 to March 2027). We have set ambitious target figures to capture the anticipated increase in demand from 2025 onwards and aim for robust growth. This fiscal year, we will smoothly launch the production sites in China (Changshan District, Sichuan, etc.) and northern Malaysia (Kulim), where we have invested in increased production. We will also continue the construction of factories in southern Malaysia (Johor Bahru), Kumamoto, and Ishikawa, Japan.

We are deeply grateful for the understanding and support of our shareholders, which has allowed us to pursue these initiatives. Our group will continue to strive for business growth and remain a company where shareholders can enjoy the excitement of growth. We kindly ask for your continued exceptional support.

He Xian Han, President and Group CEO
July on an auspicious day, 2024