I would like to express my sincere gratitude for your continued support and patronage.
I am Toshishige Ikeya, who was appointed President and Representative Director at the Ordinary General Meeting of Shareholders and the Board of Directors Meeting held on February 25, 2021. I will do my utmost for the further development of our group and look forward to working with you.
Over the past 11 years, under the leadership of former President Mr. Chono, and with the cooperation of many stakeholders, the Group has overcome the collapse of Lehman Brothers in 2008 and other hardships, and has strengthened its earnings base with the trading business and the preform business as the two wheels of its wheels.
In the current economic environment, the effects of the COVID-19 infection and other factors are putting downward pressure on the economy, but we will move forward with the necessary measures with a sense of speed in order to weather this rough patch. The socioeconomic environment has changed drastically since the formulation of the medium-term management plan announced in fiscal 2017, as the world is increasingly demanding companies to realize a sustainable society with the SDGs and other keywords.
With an eye on the rapidly changing times, we have formulated a new five-year medium-term management plan, starting with fiscal 2021 and ending with fiscal 2025, with the goals of achieving net sales of 20 billion yen, operating income of 1 billion yen, an operating margin of at least 5.0%, and ROE of at least 8.0% by fiscal 2025. Together with Chairman Mr. Chono, I am determined to fully understand and fulfill my role so that our group can continue to grow and survive and contribute to society. I would like to ask for your continued support.
Norihiro Chono Toshishige Ikeya
Chairman & CEO President & CEO