Greetings

 First, we would like to sincerely thank you, our shareholders, for your continued support.
 This is to inform you that our Company’s Interim Business Report for the 40th fiscal year (the six months from October 1, 2017 to March 31, 2018) is now available for your review. On this occasion, we would like to say a few words.
 During the six month-period ended March 31, 2018, the business environment surrounding the Company remained favorable, as inquiries from customer were generally strong, despite the continuing strong yen, as well as the slight weakening in certain markets.
 Given the situation, we made efforts to implement measures to increase the scale of our sales including product development and proposing containers in line with market needs, while at the same time, in terms of production, we focused on the construction of new factories both in Japan and overseas. In terms of our business results, as mentioned below, we reached the highest levels ever recorded in net sales, gross profit, operating profit and net profit. Once again, we extend our heartfelt appreciation to our shareholders for your assistance and cooperation.
 Going forward, we anticipate changes in the external environment, including intensified competition with our competitors, the risk of exchange fluctuations and changes in the global economy.
 Under such circumstances, we will be implementing measures to further expand the size of our business. To begin with, we will focus on the construction of the new factory in Japan and preparations for the commencement of full-scale operations of the third factory in India, to further enhance our production capacity. Furthermore, we will tap into new customer demand and increase the scale of our sales by proactively promoting research and development in new fields, in addition to making technical improvements to existing mainstay products.
 We hope our shareholders will look forward to our company’s further growth, and we would greatly appreciate your continued encouragement.

June 2018
Representative Director, Chairman and CEO
Daiichi Aoki


Representative Director, President and COO
Junichi Miyasaka