Message to Shareholders & Investors
To all our stakeholders,
Firstly, we would like to express our deepest gratitude for your continued support and encouragement. We would also like to extend our sincerest sympathies to all those who have been affected by COVID-19 and to those experiencing challenges and disruptions to their daily lives as a result of its spread
FY2020 Consolidated Results
In FY2020, the Tsubaki Group’s consolidated net sales totaled ¥193.3 billion, while operating income amounted to ¥8.8 billion, for an operating income ratio of 4.6%. The global economy, which slowed down due to the outbreak of COVID-19, showed a recovery trend from the second half of the fiscal year, but it was not enough to cover the decline in the first half, resulting in a 14.6% decrease in sales compared to the previous fiscal year.
FY2021 Consolidated Outlook
In FY2021, although the spread of COVID-19 will continue and the future remains uncertain, the global economy is expected to be on a recovery trend. Taking these circumstances into consideration, we have decided on the following consolidated forecast.
Sales: 225.0 billion yen (+16.3% YoY)
Operating income: 16.0 billion yen (+79.8% YoY)
We are determined to improve our corporate value by steadily implementing the strategies set forth in the "Mid-Term Management Plan 2025" that we commenced this year. We will also aim to contribute to solving social issues through our Linked Automation* technology and achieve our own growth at the same time.
Thank you again for your continued support and encouragement during these difficult times.
＊Linked Automation: A technology domain that is highly functional and highly automated.
Kenji Kose, President and Representative Director