First, we would like to thank you, our shareholders and investors, for your continued support.
This is to inform you of our Company’s Consolidated Business Result for the first half, the accumulative 2nd quarter, of the 42nd fiscal year (the period from October 1, 2019 to March 31, 2020).
Although the Company suffered effects caused by the spread of COVID-19 toward the end of this period, sales environment shifted stably while receiving high reputation from customers for our new technology, “Zero Cooling System,” which was showcased at the large-scale exhibition in Germany in October 2019, and obtaining orders in East Asian region for large-scale machines to produce mid- to small-sized containers in high-quality. As for the financial results for this period, we secured sales amount almost equal to the same period of the previous year and achieved drastic increase in each profit phase.
Going forward, we expect that the demand for machines and molds to produce antivirus measures such as medical and hygiene products and living necessities such as foods, beverages and household products would shift stably, although a decrease in production activity in our India plant and suppression of overseas customers’ business activities are concerned due to the effects caused by COVID-19. Our India plant, whose operation had been suspended temporarily, has already resumed its operation and shipment of products to customers all over the world and heading for earlier recovery in a full scale. Furthermore, we will continue our strategic measures such as to promote market penetration of our innovative new technology, “Zero Cooling System.”
We hope our shareholders and investors will look forward to our Company’s further growth, and we would greatly appreciate your continued encouragement.
Representative Director, Chairman and CEO Daiichi Aoki
Representative Director, President and COO Junichi Miyasaka