First of all, we at Nifco would like to express our deepest sympathies to all those affected by the novel coronavirus (COVID-19) pandemic, including their families and all concerned. We all pray for the earliest possible recovery and for getting viral infections under control.
Also, we would like to thank all the government and city employees who are working on the front lines to prevent the spread of infection and to all the healthcare workers who are devoting themselves day and night to the treatment of patients who have confirmed or possible infections.
As part of our efforts to aid in recovery, the Nifco Group started our Mid-Term Management Plan titled "Nifco Global Growth Strategy" in April 2021.
For the next three years from the current fiscal year until fiscal 2023, we will leverage Nifco's strengths and realize changes for the next growth. This will be our first step in positioning ourselves to achieve the Nifco vision of becoming a seamlessly growing global company with a unique and strong presence by 2030.
We will steadily expand sales and strengthen profitability to further solidify the business base of existing business. By investing the funds generated there into business for future growth, we will also cultivate primary sources of revenue.
To be specific, our focus on safety, comfort, and the environment in the automobile industry remains unchanged, and we will concentrate our resources on the development of new products that are consistent with this strategy.
One of our strengths is that Nifco’s customers are all over the world. We believe that demand for products addressing customer concerns about safety, comfort, and the environment will continue to grow regardless of the region. By launching products with universal value in such markets, we will establish a sales base and foster new business.
We would like to ask our shareholders, investors, and all other stakeholders for their continued support and trust in our company.
as of September 30, 2021