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To Our Shareholders and Investors

 

We would like to express our sincerest gratitude to our shareholders for their continuous support.

Since we have finished the fiscal year ended March 31, 2019, we will report on the overview.

Business Environment for FY2018

Looking at the market environment surrounding the Taikisha Group in the fiscal year ended March 31, 2019, in the domestic market, investments by manufacturers, mainly in the electronic parts industry, were robust and the demand for office building construction remained high in the Tokyo metropolitan area.
In the overseas market, on the other hand, uncertainties arising from factors such as the US-China trade friction continued to weigh on the market.

Earnings for FY2018

Taikisha achieved our targets for orders-received and net sales of completed construction contracts, as well as all profit items. Moreover, with the exception of net sales of completed construction contracts, we achieved record levels in orders-received and all profit items.
Of this, ordinary income was affected by the profit deterioration of the Geico’s large-scale project in the U.S in the first half of FY2018, but finally exceeded original forecasts by recovery of the second half of paint finishing business, and favorable industrial HVAC business in Japan. Also, gains on sales investment securities were recorded as extraordinary gains, but extraordinary gains and losses were negatively affected due to the amount of cancellation of goodwill in Geico as extraordinary losses. However, profit attributable to owners of parent was exceeded the original expectation.

New Mid-Term Business Plan

We formulated Mid-Term Business Plan for the three-year from March 2019 to March 2021. In the New Mid-Term Business Plan, we have set out a long-term vision to “Aim to become a global corporate group that creates an optimal environment through unique engineering.” With an eye to achieving this vision, each employee of the Taikisha Group will pursue the achievement of the New Mid-Term Business Plan from the perspective of “technology,” “environment,” and “human resources.” We will therefore continuously exert every possible effort to achieve our management targets to gain the high trust and appreciation of all stakeholders.

We appreciate the continued support and guidance of our shareholders and investors in the years to come.


Koji Kato
President

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