I would like to extend my warmest greetings to our stakeholders and all others interested in our progress.
In spite of the slowdown of the semiconductor market, for the fiscal year ended March 31, 2023, the SCREEN Group posted record high earnings (net sales, operating profits, and net income) for the second consecutive year. Moreover, on March 17, 2023, the Japan Credit Rating Agency (JCR) upgraded our long-term issuer rating from A− (positive outlook) to A (stable). I believe we have entered a new stage of growth.
This year the SCREEN Group celebrates the 80th anniversary since the establishment of Dainippon Screen Mfg. Co., Ltd. (our immediate predecessor) and the 155th anniversary since the birth of our founding business, Ishida Kyokuzan Printing Works. Looking to drive further growth, we have revisited our corporate philosophy and redefined our corporate purpose as “Innovation for a sustainable world.” Within it we have reflected our vision to collaborate with stakeholders of all generations and sectors, and combine new technologies generated as a result to address various issues facing the society. In line with the revised corporate philosophy, we will continue our efforts to seamlessly generate new values as a solution creator leading the world.
This fiscal year also marks the final year of the medium-term management plan, “Value Up 2023.” We are aiming to achieve record-high earnings for the third consecutive year, by investing proactively for growth while paying attention to profitability and efficiency.
We appreciate your continued support to us.