Working toward Sustainable Growth
The fiscal year ended March 31, 2019, was the second year of our three-year medium-term business plan LINTEC INNOVATION PLAN 2019 (LIP-2019). During the fiscal year, we proactively pushed ahead with a range of measures in line with the plan’s key initiatives. However, we faced an extremely challenging business environment, reflecting rising prices for pulp, other raw materials and fuel, the impact of natural disasters in Japan, and weak demand for electronics- and optical-related products.
Against this backdrop, the LINTEC Group has now entered the final fiscal year of LIP-2019. We have positioned this year as a “Year to Address Our Challenges” and are striving to lay the foundations for future growth.
Specifically, we continue to focus on turning around underperforming overseas Group companies. At the same time, we are working to reinforce profitability by promoting new product development to meet customer needs and advancing cost reforms. We are also strengthening initiatives aimed at helping solve social issues through our operating activities. These initiatives are being advanced under the leadership of the SDGs Committee, an internal cross-functional organization set up in February 2018 to incorporate the United Nations’ Sustainable Development Goals, or SDGs, into our management.
Our operating environment is constantly changing: the domestic market is contracting due to population decline, environmental issues are growing increasingly pressing, business continues to globalize, and the use of AI and the IoT is spreading. We are advancing groupwide efforts to swiftly adapt to these changes and seize the business opportunities they offer. By doing so, we seek to enhance our corporate value and realize sustainable growth.
We thank our shareholders and investors for their continued support.