Message for Shareholders and Investors
The Roland DG group positions the medium-term business plan, with FY2020 as its final year, as a transitional period toward a new growth stage, and is working on changing the business portfolio and enhancing operational effectiveness. During the fiscal year under review, the competitive environment for printers remained difficult despite ongoing growth in the digital businesses, causing both sales and profit to fall. There are still work to be done in the key issues laid down in the medium-term business plan of “expanding growing markets,” “stopping the down trend of sales of printers in the sign market,” and “improving profitability.” On the other hand, we continued measures to strengthen management based on a divisional organization system and enhance our technological development capability, and had some success in areas such as marketing a wealth of new products centered on printers in the year under review. We therefore believe that we have built a robust platform for our businesses for the new growth stage. Based on this platform, we have launched a new management structure to enable dramatic future growth with Hidenori Fujioka as Director, Chairman, and Kohei Tanabe as Representative Director, President, following approval of these appointments at the 39th Ordinary General Meeting of Shareholders held on March 19, 2020 and at the subsequent Board of Directors meeting. The new management team members will drive the formulation of the next medium-term business plan scheduled for launch in FY2021, to step up from a period of transition to growth.
We look forward to your continued support and guidance as we move forward together.