Hideya Moridaira
President 
I would like to express our heartfelt gratitude for your continued support and patronage.
In FY 2024, the group's overall sales increased due to higher sales of automotive products such as Wire Harnesses in the Electronics & Automotive Systems business, and data center-related products in the Functional Products business, as well as the impact of fluctuations in copper prices and exchange rates. In terms of profitability, we achieved an increase in profit by expanding the lineup of high-value-added products, improving productivity, and optimizing selling prices. As a result, the dividend for FY 2024 is set at JPY 120 per share.
For FY 2025, despite challenges such as U.S. tariff measures, the Russia-Ukraine situation, and geopolitical risks in the Middle East, we expect an increase in profit driven by higher sales of data center-related products in the Communications Solutions business and Functional Products business, as well as increased production and sales expansion of high-value-added products and improvements in productivity.
Based on our Medium-term Management Plan "Road to Vision 2030 - Transform and Challenge -" announced in May 2022, we have been accelerating our efforts to "maximize revenues in existing businesses through a focus on capital efficiency," while also "build a foundation for creating new businesses by strengthening development and proposal capabilities" to address future social issues. Additionally, we have been working on "strengthening the foundation of ESG management" to support these measures.
FY 2025 will be the final year of the Medium-term Management Plan. We are committed to achieving our performance forecasts and advancing the three priority measures mentioned above to ensure further growth towards our ideal state in 2030.
I kindly ask our shareholders for their continued support and encouragement.
June 2025