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It all started with a small wooden bearing.

Issues to be Addressed

While the business environment of our corporate Group is on a recovery trend overall, it is also undergoing dramatic changes, including the resurgence of COVID-19 infections, concerns over geopolitical risk from the Russia-Ukraine situation and heightened responsibility for social issues exemplified by the SDGs. Even in circumstances such as these, we will work together as a Group to anticipate changes in the environment and handle issues with both flexibility and speed. For the continued growth of our business, we will diligently ensure compliance, strengthen internal organizational structures based on the Corporate Governance Code, engage in supply chain management, contribute to global warming prevention, and engage in CSR activities geared toward respecting human rights and securing diverse human resources. We will strive to bring safety, security, and comfort to our shareholders, customers, and all other stakeholders, and engage in ESG management that earns trust and empathy. We also consider it important to engage in environmental initiatives geared toward achieving carbon neutrality in 2050 as advocated around the world. As such, we are pushing forward with our efforts to provide and develop technologies and products that contribute to achieving a carbon-neutral society, as we also bolster our efforts to reduce our own CO2 emissions.

To address these issues, our corporate Group set out on our Medium-Term Management Plan (FY2021 to FY2023) with FY2021 as the starting point. We will work together throughout the Group to achieve the growth targets set out in the plan.