Top Message

With regard to the market environment for Taikisha Group, in the Japanese building HVAC market, the state of emergency and other factors had an impact on capital investment, but the market has since recovered.
On the other hand, in the industrial HVAC market, manufacturers continued to be cautious about capital investment due to the impact of the worsening economy and growing uncertainty about the future.
In both overseas industrial HVAC and automobile paint finishing system markets, capital investment by each manufacturer continued to be in an adjustment phase.

Under these circumstances, the orders-received fell short of the initial forecast for the whole Group due to the continued adjustment phase in capital investment overseas in both Green Technology System and Paint Finishing System divisions as a result of the economic downturn caused by the spread of COVID-19.
The results of other items were almost in line with the initial forecast.

In Green Technology System Business, construction demand in the building HVAC field is expected to remain firm over the medium to long term, including the demand for data centers as well as large-scale redevelopment and renovation projects.
In the industrial HVAC field, investments overseas are expected to recover in line with the spread of 5G and the full-scale implementation of CASE. New capital investments by such as pharmaceutical manufacturers are also expected in Japan.
In the Paint Finishing System Division, although the adjustment phase of capital investment is expected to continue in Japan, investment for renewal is expected in North America and Europe, etc., and investment for increased production is expected in China.

The year before last, we formulated Mid-Term Business Plan for the three-year from FY2019 to FY2021. 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."Please see below for the main initiatives underway in each strategy.

We will 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 investors in the years to come.

Representative Director, President