To Our Shareholders and Investors
I want to express my sincere appreciation to you, our shareholders and investors, for your continued support.
For fiscal 2018, we marked record-high sales. This result was driven mainly by the below two reasons. One was self-manufacture expansion optimizing the allocation of production resource and load adjustment in a positive way for high production volume. The other was strengthening production system and cost reduction by making supply-chain more efficient. Furthermore, Hirata expanded its business activities with its overseas subsidiaries to not only existing markets mainly in Japan, Asia and North America, but also developing a new market in Europe.
In this circumstances, FY 2019 is the first year of our medium-term management plan for the next three years. Hirata is working on strengthening of receiving orders, production, and development regime, expansion of existing business, moving into growing markets, and establishing and commoditizing of production model business under the slogan of only one system integrator of production equipment to be chosen by customers across the world.
At present period, Hirata continues to operate its business aggressively into markets and fields having potential for growth, build efficient production system with greater cost competitiveness amid concerns about rising labor cost and raw material expenses, which we believe will lead to optimization from a global perspective, increased profitability, and the enhancement of revenue base.
Hirata expects its consolidated sales of 95 billion yen, its operating income of 6.5 billion yen, ordinary income of 6.4 billion yen and profit attributable to owners of the parent company of 4.4 billion yen for fiscal 2019.
Moving forward, Hirata aims to improve its long-term corporate value by responding sincerely to the opinions of shareholders and investors and continuing to provide necessary information for making investment decisions in a timely and appropriate fashion. I look forward to your continued support.
Representative Director, President