Make Shindengen a company that lasts a century by meeting society’s needs
In fiscal 2020, the year ended March 31, 2021, the Shindengen Group recorded a net loss for a second consecutive year, with a net loss per share of \539.73, significantly impacting shareholder value. As I mentioned at the top, U.S.-China trade friction and the COVID-19 pandemic have thrown into sharp relief the susceptibility of our revenue structure to changes in the market environment, and I offer my deepest apologies to our shareholders and other stakeholders for this outcome. We have decided to implement business structure reforms to change our profit structure, which has been susceptible to changes in the market environment, and to build a robust management foundation. The fiscal 2020 net loss included \3.9 billion in business structure reforms expenses, and I think we can expect to see major improvement in revenue and profit going forward.
When I took office as president in 2016, I resolved to do my utmost to make Shindengen a company that lasts a century by meeting society’s needs.
Believe a culture in which employees enjoy their work is indispensable
The Hanno Factory, the Group’s R&D base, had been in operation for 70 years as of 2019 and was facing challenges related to facility aging. We established the new Asaka Office, anticipating its use over the long term, designed to be eco-friendly, offers an enhanced ICT environment and increased meeting spaces, reinforcing and updating the tangible assets underlying our businesses.
At the same time, in terms of intangible assets, which are the key to growth, we are reorienting management toward proactively supporting efforts to take on ambitious challenges to foster a new development culture and a new organizational culture. We believe a culture in which employees enjoy their work is indispensable.
Become more useful and more essential to society
The Shindengen Group, with its core technologies in semiconductors, circuit design and mounting, is extremely unique. At the Asaka Office, we will accelerate synergies between a new development culture and our core technologies in order to create advanced and unique products that are unrivaled by competitors from the customer’s perspective. By doing so, I believe that Shindengen will become more useful and more essential to society, and better able to contribute to the achievement of the SDGs.
I hope that our shareholders and investors will consider the Shindengen Group’s corporate value from a medium- to long-term perspective and ask for your continued understanding and support.