To our shareholders
Let me start by expressing our sincere gratitude for your continued support. I would like to take this opportunity to report on our business activities for the second quarter (interim period) of fiscal year 2024.
Economic conditions during this interim consolidated accounting period were uncertain as a result of rising prices, fluctuations in the financial and capital markets and concerns about the future of the Chinese economy. Against this background, sales revenue for this interim consolidated accounting period amounted to 127,323 million yen (up 8.9% from the same period last year) due partly to increased sales in India and Indonesia and the impact of a weak yen. Operating profit amounted to 10,025 million yen (up 55.3% from the same period last year), due partly to the effect of increased sales and a weak yen. Interim profit before tax amounted to 10,252 million yen (up 14.2% from the same period last year), and interim profit attributable to owners of the parent company was 7,701 million yen (up 28.8% from the same period last year).
Regarding the interim dividend, taking into consideration the progress of the 12th Medium-term Management Plan and to express our gratitude to our shareholders for celebrating the 20th anniversary of our listing, we have decided to pay a commemorative dividend of 63 yen per share, for a total of 101 yen.
In the medium to long term, business conditions are expected to be characterized by an increased awareness of sustainability issues and an acceleration in digital technology, and we face the necessity of transforming our company and business in order to provide new value in the CASE era, including with regard to electrification. Based on the business policy set forth in the 12th Medium-term Management Plan, "A second founding, a renewed FCC," we are committed to transforming our business structure and strengthening our management foundation, and will strive to sustainably improve our corporate value.
To that end, we ask our shareholders for their continued support.
November, 2024

Yoshitaka Saito
President and Representative Director