Message to Shareholders and Investors
I would like to take this opportunity to thank our shareholders for your continued support of Roland DG.
The group has formulated a three-year medium-term business plan (FY2021-FY2023) with fiscal year 2021 as the first year. Under the policy of “Be reborn as true RDG- 'Creativity, Best and Cooperative Enthusiasm,’” basic strategies to transition into a lean organization and to transform the business portfolio have been established.
During the six months ended June 30, 2021 (from January 1, 2021 to June 30, 2021), the world economy saw strong signs of a recovery in business conditions, where COVID-19 vaccinations are progressing. We have strengthened online-based communication through activities such as sales marketing during the COVID-19 pandemic, and with the reopening of physical exhibitions and events, we worked to expand customer touchpoints, fusing online and face-to-face sales. Throughout the six months ended June 30, 2021, we carried a backlog of orders in some products due to a rapid recovery in demand resulting from the resumption of economic activities. However, we worked to ensure stable supply, adjusting to increased production and gradually eliminating the backlog. This was partly responsible for an increase in sales. At the same time, unstable conditions persisted with regard to supply chains. These included delays in securing shipments and delivering products, and soaring marine transportation costs due to a worldwide container shortage, as well as the emergence of procurement risks for parts such as semiconductors and other electronic components. However, the effect of these issues on the financial results for the six months ended June 30, 2021 was negligible.
We look forward to the continued support and guidance of our stakeholders as we move forward together.