A Year to Sprint toward Our Long-term Vision
Many of the Group’s markets were impacted by the spread of COVID-19 during the fiscal year ended March 31, 2021, in which we promoted our single-year plan as “A Year to Gain Foothold for Next Stage of Growth,” Earlier in the year, results led to a downward revision in our full-year earnings forecast in November 2020. We were, however, able to revise this upward in February 2021 thanks to the booming market related to semiconductors and electronic components, as well as a trend toward recovery in orders for other products.
In the fiscal year ending March 31, 2022, we are taking a new step forward. Having announced the Lintec Sustainability Vision 2030 (LSV 2030) to clarify our long-term vision for where we want the Lintec Group to be in 2030, we have launched LSV 2030-Stage 1, a new three-year medium-term business plan that sets us on the road to achieving this vision.
The long-term vision’s basic policy is to “contribute to realizing a sustainable world by strengthening the corporate structure through innovation and creating new products and businesses for sustainable growth.” To do this, we will pursue various measures that support key initiatives, such as strengthening ESG and SDG activities, transforming business processes through DX, reforming low-growth and unprofitable businesses, and creating new products and businesses through strategic and flexible investment, including M&A, and technological innovation.
In both our long-term vision and medium-term business plan, we have adopted operating profit margin and return on equity (ROE) as key indicators and will work hard to improve profitability and thus achieve an ROE that substantially exceeds the cost of capital.
Going forward, Lintec will seek to help resolve social issues and raise its corporate value by quickly ascertaining what society needs and further improving the development and manufacturing technologies it has cultivated to create new market value. I would like to thank our shareholders and investors for their continued support in the years ahead.