I would like to offer my sincere condolences to those who have lost loved ones to the novel coronavirus, as well as my wishes for a speedy recovery to those infected. I would also like to express my heartfelt gratitude to all the healthcare workers and others who are working so hard to prevent infections from spreading. Here at Dexerials, we are conducting our business activities through remote working and online meetings, placing the highest priority on the safety of our customers, business partners, and employees.
In FY2019, the first year of our “Challenges for Evolution” mid-term management plan, products with high added value which are differentiated from competitors by our technology, such as Particle-arrayed Anisotropic Conductive Film (ACF) and Smart precision adhesives, contributed to profits. Even in an increasingly uncertain business environment caused by factors such as trade friction between the US and China, we were able to increase profits despite a fall in income. The business environment is expected to be extremely tough in FY2020, particularly in the first half of the year, due to the impact of the novel coronavirus. However, we are pushing ahead with the strengthening of our business, expanding operations into new business domains such as the automotive field, as well as investing in products differentiated by technology in our existing business domains.
Moreover, prompted by the effort to stop the spread of the novel coronavirus, the world is embarking on an attempt to make major changes to previous habits and behaviors by means of ICT and communications technologies. Using our company’s technology, we aim to resolve the new social issues which are revealed by these changes and to turn these solutions into business opportunities, leading to sustained growth.
We will continue to move our business forward as one united team, aiming to increase the company’s value. We look forward to your ongoing support.