We would like to explain our activities for the fiscal year ended June 30, 2023 (from July 1,2022 to June 30, 2023).

First of all, we would like to apologize for making shareholders worry as we disclosed the downward revision of the earnings forecast during the fiscal year in response to the emergence of unprofitable projects. However, we made group-wide efforts to recover business performance by appropriately responding to the strong demand in the entire business, so sales and profit grew for the 13th consecutive term.

In the term ending June 30, 2024, which is the final fiscal year of the medium-term management plan, we shall aim for further growth with new goals and strategies while strengthening the business promotion based on two axes which have supported our growth until now; namely“stabilizing our business foundation”and“strengthening growth factors”before the start of a new medium-term management plan in the term ending June 30, 2025.

We look forward to the continued support and guidance of our shareholders.

September
Satoshi Ichikawa
Representative Director and President