Message to Shareholders and Investors

I would like to take this opportunity to thank our shareholders for their continued support.

During the six months ended June 30, 2022 (from January 1, 2022 to June 30, 2022), the world economy showed signs of a recovery trend as the prevention of a further COVID-19 pandemic and the normalization of economic activities progressed. However, with factors such as the intensification of the invasion of Ukraine by Russia, the lockdown policy in China, and soaring energy costs, the outlook has become increasingly uncertain.

In these circumstances, demand remained strong for capital investment, and supply sales grew on the back of a recovery in printer output demand. Meanwhile, in foreign exchange markets, the weakening of the yen had the effect of boosting our sales and profit. Specifically, we recorded our highest ever net sales for a half-year period, at 24 billion yen.

In these endeavors, we look forward to the continued support of our shareholders.

September 2022

Kohei Tanabe
President, Representative Director